Global Choline Chloride market is slated to accrue revenue worth nearly 1,176.45 (USD Million) by 2026 and record the CAGR of about 4.9% over the period from 2020 to 2026.
The global Choline Chloride market is slated to accrue revenue worth nearly 1,176.45 (USD Million) by 2026 and record the CAGR of about 4.9% over the period from 2020 to 2026. The report offers assessment and analysis of the Choline Chloride market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Choline is a key ingredient required for effective functioning of liver, brain, and muscle. It is also used in lipid metabolism as well as cellular membrane repair & composition. Furthermore, human beings have the ability to manufacture low proportions of choline through hepatic phosphatidylethanolamine N-methyl transferase path. Hence, choline is supplied to individuals via diet for avoiding various kinds of mineral deficiencies in human beings.
Choline chloride is usually produced by chemical synthesis for utilization in the animal feed industry. Moreover, choline chloride can also find applications for treatment of ataxic ailments. Moreover, choline chloride is a quaternary ammonium salt which is composed of chloride ion which is an ion and choline ion that is cat ion. The compound is a white and colorless hygroscopic material and is produced by treating trimethylamine hydrochloride and ethylene oxide.
Market Growth Drivers
Choline chloride finds extensive use in oil & gas activities as a key replacement for potassium chloride due to its ability of improving the performance in stabilization of clay, ecological safety, and compatibility with drilling of muds. These favorable features of the compound has enhanced its popularity across the globe.
Apart from this, the compound finds a slew of applications as animal feed additive for fish, pigs, crustaceans, and poultry due to the ability of choline in preventing increase of fats in liver, enhancement of muscle control, and improvement in growth of human organs. All the product features will elevate the growth graph of the choline chloride market over the upcoming years. Furthermore, growing occurrence of ailments in cattle along with substantial growth witnessed in animal husbandry will accentuate the business growth trends in the years ahead.
Asia Pacific Market To Witness Massive Growth Over 2020-2026
The regional market expansion during the forecast timespan is attributed to rise in the intake of poultry meat along with the rise in the awareness for animal feed supplements in the region. Countries like China are anticipate to be the major regional revenue pockets over the years to come. Additionally, countries like India, Malaysia, Vietnams, and Thailand are anticipated to be the major regional market revenue contributors in the near future.
Key participants included in the report are Pestell Minerals & Ingredients Inc., GHW Eurochemicals S.R.O., Balchem Corporation, Jubilant Life Sciences Ltd., NB Group Co., Ltd., BASF SE, Balaji Amines Ltd., Be-Long Corporation, Algry Qumica S.L., and Eastman Chemical Company.
The global choline chloride market is segmented as follows:
By feed grade
The key growth drivers that will leverage the market growth include the favorable product features such as reducing liver fat, muscle control improvement, and brining improvement in both physical & mental growth in humans.
Asia Pacific region will contribute remarkably towards the global market share over the estimated timeline.
The key market participants include Jubilant Life Sciences Ltd., BASF SE, Be-Long Corporation, Balaji Amines Ltd., Algry Qumica S.L., Balchem Corporation, Pestell Minerals & Ingredients Inc., NB Group Co., Ltd., GHW Eurochemicals S.R.O., and Eastman Chemical Company.