Global Choline Chloride Market Size Analysis, 2019-2028
|REPORT ID: BKR1028||Domain: Chemicals & Materials||Published Date: May 2019|
|Pages: 270+||Format: PDF|
Global Choline Chloride market size is estimated to be valued over USD 1,025 million in 2019 and will register a CAGR of 6.9% to create high revenue opportunity for industry players during the forecast period.
It is basically quaternary ammonium salt with choline cation and chloride anion. Choline is a dietary component and found in foods as free choline and as esterified forms. These are important for cell membranes and is a vital for creation of creatine and adrenaline. Besides this, it also plays a key role in metabolic reactions. As such, demand for choline chloride has increased as feed additives to meet food and agriculture industry needs. Choline chloride is produced conventionally using a reaction between methanol, ethylene oxide, ammonia and hydrochloric acid. Engaged companies primarily focuses on higher efficiency to ensure high ROI.
Global Choline Chloride Market Size and Forecast: By End-use
Based on the end-use, choline chloride market revenue is segmented across human nutrition, personal care products, agriculture, animal and poultry, and pharmaceutical industries. Among these, animal and poultry feed accounted for 38% of global share. Choline chloride acts as a building block of acetylcholine and lecithin. This proves highly beneficial as animal feed additives.
It also finds its usage in human nutrition. Choline offers numerous benefits, which in turn has led to increased sales of choline chloride. It facilitates nervous system function, help control the fat deposition, and maintain metabolic balance on cellular level. Deficiency of choline chloride can affect overall health and can lead to fatty level disease and muscle cell damage. There exists relatively high market opportunity in the segment provided companies opt for promotional and educational campaign. Choline can be fortified with food and beverages supplement.
Global Choline Chloride Market Size and Forecast: By Feed Grade
Based on the feed grade, choline chloride market size is segmented into >90%, 75% choline chloride, 70% choline chloride and less than 70% choline chloride content. Among these 75% choline chloride is highly prominent. This is due to higher demand from animal nutrition sector.
Global Choline Chloride Market Size and Forecast: Regional Analysis
Globally, Asia Pacific accounted for 41% market share in 2018. The region will continue to dominate the global share throughout the forecast period. Majority of the revenue in the region is generated from China and India. These two countries generated over half of the regional revenue in 2018. Burgeoning poultry sector has contributed favorable ecosystem in China.
Overall, poultry production share has increased in overall China’s total livestock production. Rising population along with increased urbanization has led to flourishing of poultry processing industry and retailing. As per the estimates, China’s production of chicken meat is expected to touch 12 million metric tons by 2019 end, 3.5% higher than that in 2018. As such, the allied industry including choline chloride will continue to flourish throughout the forecast period
Western Europe stands next to Asia Pacific. In Western Europe, France is expected to dominate the global share. As per the estimates, France will account for 25.1% regional market share in 2018. Western Europe region is characterized by the presence of large number of choline chloride manufacturer. The supply chain is highly efficient in the region as compared to that in Asia Pacific, which is considered highly volatile.
Global Choline Chloride Market Size and Forecast: Competition Landscape
Key Choline Chloride players are:
- BASF SE
- Balaji Amines Ltd.
- Havay Chemicals
- Jubilant Life Sciences Ltd.
- A & C Co. Inc
- Kemin Industries Inc.
- Algry Quimica SI
- NB Group Co. Ltd.
- Balchem Corporation
- Be-Long Corporation
- Taminco Corporation
- Pestell Minerals & Ingredients
By Grade Type:
- Human Nutrition
- Animal Feed
- Personal Care Products
What Will You Discover in the Report?
- An in-depth analysis of the Choline Chloride market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Choline Chloride market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Choline Chloride market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Choline Chloride industry during the forecast period
- Who are the Choline Chloride industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Choline Chloride Industry Suppliers
- Choline Chloride Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
Analyst access with Bekryl Market Analysts
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