Ethoxyquin Market to Witness Great Growth Opportunities in Coming Years From 2023 to 2030Posted by Roger on April 11th, 2023 Ethoxyquin is a synthetic antioxidant used as a feed additive in the aquaculture and pet food industries to prevent the oxidation of lipids in animal feed, thus prolonging its shelf life and maintaining its nutritional value. It is also used as a pesticide and herbicide and in various industrial applications. The global ethoxyquin market is expected to witness significant growth over the forecast period due to increasing demand for animal feed additives and the growth of the aquaculture and pet food industries. The market is highly regulated, and companies need to comply with various standards and regulations to ensure the safety and quality of their products. Application:
Regional Analysis: Asia Pacific dominated the ethoxyquin market in 2020 and is expected to continue its dominance over the forecast period. This can be attributed to the increasing demand for ethoxyquin as a feed additive in the aquaculture and pet food industries. North America and Europe are also significant markets for ethoxyquin, driven by the increasing demand for pet food and animal feed. Latest Market Insights Click Here - https://www.coherentmarketinsights.com/market-insight/ethoxyquin-market-398 Key Players: The major players in the ethoxyquin market include Nutreco N.V., Perstorp Group, Merck KGaA, Skystone Feed Co. Ltd., Industrial Técnica Pecuaria, S.A. (ITPSA), among others. Regulatory Framework: The use of ethoxyquin is regulated by various government bodies, including the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). In the US, ethoxyquin is approved for use in animal feed at a maximum concentration of 150 ppm, while in the EU, the maximum authorized level is 150 mg/kg. The Codex Alimentarius Commission has also established maximum residue limits (MRLs) for ethoxyquin in various food products, including fish, seafood, and meat. Conclusion: The global ethoxyquin market is expected to witness significant growth over the forecast period, driven by the increasing demand for animal feed additives and the growth of the aquaculture and pet food industries. The market is highly regulated, and companies need to comply with various standards and regulations to ensure the safety and quality of their products. 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 |