Global Choline Chloride Market, By Grade Type (Food Grade, Chemical Grade), By Ingredients (Hydrochloric acid, Ethylene Oxide, Trimethylamine), By Application (Poultry feed, Swine feed, Ruminant feed, Aqua feed & others, Human nutrition and Oil & Gas, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Choline Chloride Market
The Global Choline Chloride Market is expected to reach 827.49 kilo tons by 2025, from 535.07 kilo tons in 2017 growing at a CAGR of 5.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Choline Chloride Market
Choline chloride is an organic compound that belongs to the fourth order ammonium salt. It is crystalline solid and colorless in its liquid form. Choline Chloride is naturally found in fungi, hop, kingcups and internal part of lecithin. Choline chloride is mainly used as a nutritional component in animal feed which helps in the growth of animals, such as pig, rabbit, horse, and chicken. In animal feed, it is generally present as free choline or sometimes as its esterified forms such as glycerophosphocholine, phosphocholine, and phosphatidylcholine. Choline chloride is widely used by animal feed and poultry industry, pharmaceuticals, health & personal care products, agriculture, food & beverage, and many more. According to the United States Department of Agriculture, in January 2018, the annual report on cattle and calves was estimated as 94.4 million per head, showing an increase by 0.7% from 2017. As per ICRA, in India the per capita meat consumption is around 3.6 kg per annum; this lays broiler meat market size at INR 730 billion in terms of selling price. The egg production for the year 2017 was estimated as 84 billion eggs and market size of INR 420 billion. This above factor proves that the poultry industry around the globe is growing and will drive the demand for choline chloride.
- Raising awareness for the feed supplements among the various end users
- Growing demand for the consumption of poultry egg and meat
- Demand for luxury food is growing
- Increasing dietary choline intake might increase the risk of cancer
- Harmful effect of over usage choline chloride
Segmentation: Global Choline Chloride Market
By Grade Type
- Food Grade
- Chemical Grade
- Hydrochloric acid
- Ethylene Oxide
- Poultry feed
- Swine feed
- Ruminant feed
- Aqua feed & others
- Human nutrition and Oil & Gas
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Choline Chloride Market
The global choline chloride market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of choline chloride market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Choline Chloride Market
The key players operating in the global Choline Chloride market are –
- Eastman Chemical Company
- Kemin Industries, Inc.
- Balchem Inc.
- BASF SE
The other players in the market are Algry Química, Jubilant Life Sciences Ltd., BALAJI AMINES, EC21 Inc, Pestell Minerals & Ingredients Inc, A&C Co. Inc., Be-Long Corporation, Nb Group Co. Ltd., Cangzhou Xindewei Animal Drug Co., Ltd, Fano Group Limited, Part Pishsaz Pooya, Shaanxi Xingwang Group, Chinook Global Limited, LIAONING BIOCHEM CO., LTD and many more.
Research Methodology: Global Choline Chloride Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global choline chloride market
- Analyze and forecast the choline chloride market on the basis of grade type, ingredients, and application
- Trends of key regional and country-level markets for grade type, ingredients, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis