May 11, 2021
According to the research literature titled ‘Global Choline Chloride Market (Value, Volume) - Analysis By Form, End-User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global choline chloride market size reached USD 614.28 million in terms of value and 595.65 thousand tonnes in terms of volume, and is expected to expand considerably grow over the forecast timeframe of 2021-2026.
As per the findings of the research report, growing consumption of poultry meat and egg, facilitated by improving living standards and rising per capita income, along with developing consciousness regarding feed supplements among end-users are fostering global choline chloride market growth.
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In terms of forms, the industry is fragmented into power and liquid, among which, the latter segment leads the industry growth. Liquid choline chloride is an odorless, colorless, clear, water-soluble substance which is non-corrosive and non-toxic in nature. Benefits such as enhanced growth and performance, fat metabolism, nutrient utilization, and improved reproductive ability in animals are favoring the product use in poultry feed. It also aids in mitigating health disorders like leg deformity and liver engagement in animals.
Considering the end user spectrum, global choline chloride industry is split into human nutrition, animal feed, oil & gas, and others. Animal feed segment is set to showcase strong gains through 2026, attributable to high adoption of choline chloride to manufacture animal feed and aqua feed products. The strong demand is due to growing importance of choline in maintaining the metabolite of animal.
Human nutrition segment is likely to witness modest gains in the upcoming years owing to the significance of choline chloride in proper brain development, healthy functioning of the liver, improved metabolism, muscle movement, and healthy nervous system.
On the geographical front, Asia Pacific captures majority of choline chloride market share, driven by growth of aquaculture industry along with burgeoning population and subsequent surge in demand for poultry meat, especially in nations like China and Japan.
Speaking of the competitive landscape, Nutreco N.V., Be-Long Corp., Nuproxa Group of Companies, Pestell Group Inc., Kemin Industries Inc., Balchem Corp., GHW International, Eastman Chemical Co., Jubilant Pharmova Ltd., and BASF SE are the top contenders impacting global choline chloride market dynamics.