The Global Market for Choline Chloride is Projected to Reach 687.8 Thousand Tons by 2024

Growing Poultry Production Drives the Global Choline Chloride Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Choline Chloride market. The global market for Choline Chloride is projected to reach 687.8 Thousand Tons by 2024, driven by the growing importance of protein rich diets in emerging markets and the resulting increase in meat consumption and production, and increasing demand from non-feed applications. 

Choline, a complex vitamin B and commonly referred to as vitamin B4, plays a critical role in maintaining physiological functions of the body of animals. Although produced in vivo is animals and humans, choline is usually used to fortify animal feeds for preventing conditions such as perosis and foster animal growth. Choline is supplemented in the form of Choline Chlorine, a methylamine derivative, to animals, as a means to meet the metabolic requirements of a growing animal. Choline is added as choline chloride 70% solution in cereals for boosting nutrient supply of livestock such as poultry and pigs. While animal feed represents the major application, demand for choline chloride is also witnessing growing demand from other applications such as human nutrition products, and as a clay stabilizer in the oil & gas industry.

Choline plays a critical role in various body functions such as neurotransmission, fat transport, muscle function, cell signaling and maintenance of structural integrity of cell membrane, and in apoptosis and stem cell proliferation during fetal development, is driving demand for choline chloride in this application. Mounting scientific evidence on the perils of choline deficiency in humans led to a surge in number of choline based health supplements launched on the market, driving its demand. However, lack of scientific basis for some of the claims made by these products has restrained their growth, affecting demand for choline chloride in this segment. The chemical’s capability to reduce clayswelling as well as related risks, and its contribution towards minimizing drilling costs and expand production, are driving its usage in the oil and gas sector. Growing consumption of meat worldwide, especially poultry, and increasing awareness regarding the importance of feed supplements among end-users, and growing demand from aqua feeds are the major factors driving growth.

As stated by the new market research report on Choline Chloride, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market worldwide, with a CAGR of 6.9% through the analysis period. Increasing disposable incomes, rising standards of living, growing influence of the western culture, and increase in awareness levels regarding the importance of animal protein in diets are expected to fuel growth in demand for choline chloride in the region. Meanwhile, growing preference for vegetarianism and low-calorie foods is expected to slow down demand growth for meats and animal products in developed markets, thereby stifling growth prospects in these markets.

Major players in the market include Algry Quimica, Balaji Amines Ltd., Balchem Corporation, BASF SE, Be-Long Corporation, Eastman Chemical Company, Hebei Dayang Animal Healthcare Foods Co. Ltd., JJ Choline Limited, Kemin Industries, NB Group Co. Ltd., Pestell Minerals & Ingredients and UAB Eksma Trade among others.

The research report titled “Choline Chloride: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Choline Chloride in volume terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and Rest of World. End-use applications analyzed include Poultry Feed, Swine Feed, and Others.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more