Ethoxyquin Market trends research and projections for 2019-2025 Ethoxyquin Market | Page 2

Asia Pacific, led by Japan, South Korea, Australia, Malaysia and China ethoxyquin
market size is likely to increase in the forecasted period owing to large consumption
as antioxidant in fish, meat products. Removal of the ban on shrimp imports from India
by the WTO may further increase market growth. India shrimp export surpassed USD
5 billion in 2018 owing to weak production dynamics in other shrimp producing
countries, should stimulate product market.
North America, led by Canada, Mexico and U.S. ethoxyquin market value may grow
significantly on account of lesser regulations in regard to usage of antioxidant. In the
regional market ethoxyquin is added in pet food preservatives and pesticides. The
U.S. pesticides market is likely to surpass USD 2.5 billion in the forecasted timeframe
owing to its increased demand in commercial, agricultural and consumer segment,
which should augment product demand in the forecasted period.
Europe ethoxyquin market led by Italy, France, Spain and Germany is well established
having the significant shares in market. Increased demand for meat, sea food, fish,
pet feed are the primary divers of regional market growth. Germany pet food market
size is predicted to surpass USD 2.5 billion in 2019 owing to increasing preference for
premium dog food and dog treat which is likely to expand market size in forecasted
period.
Ethoxyquin market share is competitive and moderately fragmented. The major
players in the market are Archer Daniels Midland Company, Merck KGaA, Perstorp
Group, Kemin Industries, Cargill, and Royal DSM. Various companies are engaged in
strategic acquisitions, agreements, partnerships and expansions to ensure market
growth and increase profitability.
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