Ethoxyquin Market 2022 Growth Prospects, Value Chain, Types, Business Strategy and Forecast to 2028Posted by Roger on May 2nd, 2023 Ethoxyquin is an antioxidant used in various industries, including the animal feed, food, and agriculture sectors. It is used as a preservative to prevent spoilage and maintain the quality of products. Ethoxyquin is also used in the production of rubber and plastics. Market Size and Forecast: Global Market analysis , the global ethoxyquin market was valued at approximately USD 179.5 million in 2020 and is expected to reach USD 249.8 million by 2028, growing at a CAGR of around 4.2% between 2021 and 2028. The growth of the market is attributed to the increasing demand for animal feed and the rising use of ethoxyquin as a preservative in the food industry. Segmentation: The global ethoxyquin market can be segmented based on application and geography. Based on application, the market can be divided into:
Based on geography, the market can be segmented into:
Key Players: Some of the key players in the ethoxyquin market include Archer Daniels Midland Company, Skystone Feed Co., Ltd., Rensin Chemicals Limited, Shenzhen Shennongjia Biology Technology Co., Ltd., Jiangsu Zhongdan Group Co., Ltd., and Kemin Industries, among others. Conclusion: The ethoxyquin market is expected to witness steady growth in the coming years, driven by the increasing demand for animal feed and the rising use of ethoxyquin as a preservative in the food industry. However, there is growing concern over the safety of ethoxyquin and its impact on human health, which may limit the growth of the market in the future. Read More Latest Market Insights Here - https://www.coherentmarketinsights.com/market-insight/ethoxyquin-market-398 About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author |
