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Choline Chloride Market Revenue to Cross US$ 1,019.5 Mn by 2027

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Choline Chloride Market Revenue to Cross US$ 1,019.5 Mn by 2027

November 24
21:56 2021
Choline chloride market to grow at a CAGR of 5.0% by 2027. Asia Pacific region contributed to the largest share in the global market

Latest market study on “Global Choline chloride Market to 2027 – Analysis and Forecasts by End-Use Industry (Feed Industry, Human Nutrition, Oil and Gas Industry, Others (Skin and Hair Care)),”, The global choline chloride market is accounted to US$ 662.5 Mn in 2018 and is expected to grow at a CAGR of 5.0% during the forecast period 2019 – 2027, to account to US$ 1,019.5 Mn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Strategic Insights 

Report Coverage

Details

Market Size Value in

US$ 662.5 Million in 2018

Market Size Value by

US$ 1,019.5 Million by 2027

Growth rate

CAGR of 5.0% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

150

No. Tables

56

No. of Charts & Figures

66

Historical data available

Yes

Segments covered

By End-Use Industry ), and By Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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Choline chloride is largely used as a feed additive for accelerating animal growth in which the animal feed has experienced a significant increase in the past few years. Choline chloride has also found a profound place in the oil and gas industry to be used as a clay stabilizer and has been estimated to create a significant opportunity for the choline chloride market all over the globe. Choline chloride is soluble in water as well as in alcohol which consists of deliquescent white crystals of neutral pH that makes it compatible to be consumed in the powdered or liquid form.

Growing demand of choline chloride from aquaculture industry is projected to escalate the global choline chloride market at a CAGR of 5.0%, during 2019-2027

Choline is used to improve fat metabolism, strike energy balance, and boost the overall productivity of aquaculture industry. Choline chloride is considered to be an important derivative of the methylamine, which is mainly used as a vitamin substitute as well as animal feed additives to promote the growth of aquaculture species. Aquaculture feeds based on choline chloride are being extensively used to improve protein density. The increased protein density allows availability of high concentration of lipids, fats, carbohydrates, and vitamins, leading to better quality and yields of eggs. With the growth of aquaculture industry, the demand for choline chloride is rising for the aqua feed application. To meet this demand, several manufacturers are offering choline chloride for the aquaculture industry. For instance, Balchem Corporation offers choline chloride to promote the growth of the aquaculture organisms.

Impact of COVID-19 on Choline chloride Market:

The COVID-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Choline chloride Market’ provides the analysis on impact on COVID-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of COVID -19 Situation.

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Choline chloride Market: End-Use Industry

Under the end-use industry segment, the feed industry segment accounted for the largest share in the global choline chloride market. Choline chloride is a quaternary ammonium salt with chlorine anion and cation. Choline chloride generally appears as the white crystal is practically a neutral aqueous solution. It is highly adopted by the feed industry as it is used to manufacture animal feed and aqua feed products. Choline chloride has been intensively used in animal feed and appears as a liquid solution with a concentration of 75% as this concentration is stable. The high importance of choline in the animal body, such as an important metabolite that is important for maintaining the cell structure in an animal’s body and other important characteristics, has been one of the primary factors for the upsurge of the choline chloride market all over the globe. Choline chloride is also served as a great source of choline that is highly essential in the aqua feed industry.

Choline chloride Market: Competitive Landscape and Key Developments

The market for global choline chloride is concentrated with some very well-established players. Some of the key players in the global choline chloride market include BASF SE, Jubilant Life Sciences Ltd., Balaji Amines Ltd., Be-Long Corporation, Balchem Corporation, Algry Química S.L., NB Group Co., Ltd., Pestell Minerals & Ingredients Inc., Eastman chemical company, and GHW Eurochemicals S.R.O., among others.

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