January 04, 2022
According to 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 MarketStudyReport, global choline chloride market was worth USD 614.28 million in 2020 and is anticipated to garner lucrative returns by the year 2026.
Rising disposable income of individuals in consort with better living standard has increased poultry consumption, which is a major growth determinant for global choline chloride market.
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Notably, choline chloride's importance for good liver function, appropriate brain development, muscle movement, improved metabolism, and a healthy nervous system is expected to enhance its demand as an essential supplement in the human nutrition business.
On the basis of form, liquid segment holds significant market share at present, as it is extensively used in poultry feed industry due to its ability to enhance growth & performance, nutrient utilization, fat metabolism as well as improve reproduction ability among animals. Moreover, the product aids in preventing health disorders such as leg deformity and liver enlargement.
In terms of end-user terrain of worldwide choline chloride industry, animal feed segment is gaining traction, due to the wide usage of choline chloride in feed industry to manufacture animal feed and aqua feed products.
Considering the regional landscape, Asia Pacific market is reckoned to showcase impressive growth trends through 2026, owing to increasing demand for poultry meat and the booming aquaculture industry. Developing economies like China and japan are witnessing rise in demand for animal feed, owing to ever-increasing population, thereby fueling the market expansion.
The key players in global choline chloride industry are Nutreco N.V., Be-Long Corporation, Nuproxa Group of Companies, Pestell Group Inc., Kemin Industries, Balchem Corporation, GHW International, Eastman Chemical Company, Jubilant Life Sciences Ltd., and BASF SE.