A Deeper Dive into Ethoxyquin: Trends and Applications
Pesticides, pet food preservatives, spice color preservatives, industrial applications, and the aquaculture industry all make extensive use of ethoxyquin. In the years to come, there will likely be a notable increase in the market for ethoxyquin, which has been notably strong in the aquaculture sector.
Even yet, growth in North America is anticipated to continue at a slow pace, even after the FDA approved the use of ethoxyquin (EQ) under certain conditions. In its most current report, FMI provides a high-level roadmap of the worldwide ethoxyquin industry.
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It covers the factors market players could capitalize on to enjoy sustainable growth through the course of the forecast period. According to FMI, the market’s valuation stood at US$ 230 Mn in 2019.
The continued application of ethoxyquin in animal and fish feed stands as the chief market driver. As a preservative, it has proven high level of efficacy in preventing lipid peroxidation. Ethoxyquin is not intended for human consumption, however, it might be carried ahead by poultry or farmed fish.
FMI offers insights into some of the prevailing market trends. These include:
Until 2011 ethoxyquin was used as a pesticide, however, the market now mostly capitalizes on its antioxidant properties
Ethoxyquin is a registered antioxidant that can be used for controlling scald or browning in apples and pears
Fishmeal and aquaculture sectors outside the EU continue to use ethoxyquin to prevent fishmeal from lipid oxidation
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Market Players Invest in Researches Highlighting Potential Effects of Ethoxyquin as an Effective Preservative
Ethoxyquin is primarily used as an antioxidant in canned pet food and in animal feed. It is a synthetic ingredient used as a preservative to prevent oxidative degradation in fat-soluble vitamins in animal feed.
It is also widely used in the fishmeal industry to prevent lipid oxidation in fish. Being highly unsaturated, fish oil has the tendency of autoxidizing. This could decrease their energy and nutritional value. Stabilizing polyunsaturated fatty acids and omega-6 present in fishmeal using ethoxyquin helps in preserving their fatty acid characteristics during storage and transportation.
Despite being as ubiquitous to the fishmeal and aquaculture sector as food stabilizers are to the food and beverages industry, claims to suggest their negative impact on human health are inhibiting the market’s trajectory. For instance, new regulations implemented in the EU bans the use of ethoxyquin in feed.
In response, a number of well-known businesses are funding R&D to demonstrate how ethoxyquin may work as a useful and affordable preservative. These kinds of initiatives could lead to market expansion in the upcoming years.
"Several top pet food producers have voluntarily decreased the EQ concentration in their products in response to recent studies to avoid any potential ill effects. Furthermore, a number of businesses are creating natural substitutes for artificial preservatives, which can somewhat impede the market's growth, according to a research analyst at FMI.
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Who is Winning?
FMI profiles some of the leading companies operating in the market. These include Shanghai Fuda Fine Material Co. Ltd., Merck KGaA., Mitsui & Co. Ltd., Skystone Feed Co. Ltd., Kemin Industries Inc., Industrial Técnica Pecuaria S.A., and Impextraco N.V., among others.
FMI observes immense focus on research and development to cite the benefits of EQ. Owing to the recent launches of natural alternatives, most leading companies are looking to strengthen their foothold via strategic collaborations.
ETHOXYQUIN MARKET TAXONOMY
The global Ethoxyquin Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
Ethxyquin-95 Oil
Ethxyquin-66 Powder
Ethxyquin-33 Powder
Application
Pesticides
Pet Food Preservatives
Poultry Industry
Aquaculture Industry
Spice Color Preservatives
Industrial Application
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