September 29, 2021
As cited by the research report 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 LLC, global choline chloride market was worth USD 614.28 million in 2020 and is anticipated to expand significantly over 2021-2026.
Growing consumption of poultry meat as well as eggs, and increasing awareness regarding feed supplements among the end-users are the major factors driving global choline chloride market growth. Increasing disposable income with better standard of living has surged the consumption of poultry, thus bolstering the market demand.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3542226/
Moreover, the vitality of choline chloride for proper brain development, healthy functioning of liver, muscle movement, healthy nervous system, and better metabolism is likely to augment the product demand as an important supplement in the human nutrition sector.
Based on form, global choline chloride industry is segmented into liquid, and powder. Among these, liquid segment is gaining traction due to extensive usage in poultry feed for its ability to enhance growth and performance, fat metabolism, nutrient utilization, and improve reproductive ability in animals. The product also helps prevent health disorders like liver enlargement and leg deformity in animals.
Considering end-user range, the marketplace is divided into animal feed, oil & gas, human nutrition, and others. Among these, animal feed segment is likely to acquire a significant industry share over the forthcoming years, as it is widely utilized to manufacture animal feed and aqua feed products. Choline chloride acts as an important metabolite for maintaining cell structure and other processes in animal body.
On the regional front, North America, Asia Pacific, and Europe are considered to be the prominent contributors to the overall industry valuation. Of these, Asia Pacific is leading the market forecast at present, owing to rising consumption of poultry meat in countries like Japan, and China, alongside flourishing aquaculture vertical. Booming population, in consort with incorporation of choline chloride in supplements are stimulating the regional market growth.
Prominent players influencing global choline chloride industry trends are Nutreco N.V., Be-Long Corporation, Nuproxa Group of Companies, Pestell Group Inc., Kemin Industries Inc., Balchem Corporation, GHW International, Eastman Chemical Company, BASF SE, and Jubilant Life Sciences Limited.