Choline Chloride Market Overview:
Choline Chloride is classified as a vitamin which belongs to the family of water soluble B-vitamins. It was formerly known as the vitamin B4. It plays significant role in nutrition and as a clay stabilizer. It is produced synthetically from trimethylamine and its daily requirement is more than that of other vitamins. The Choline Chloride Market size is estimated to grow at a CAGR of 5.17% during forecast period i.e. 2018-2023. APAC region held the largest share of choline chloride market of over 31.41% in 2017 and is estimated to grow at a CAGR of 5.66% in the forecast period from 2018 to 2023, followed by Europe, North America and rest of world. Increasing demand of choline chloride from poultry industry is the main cause for the high market share in APAC than other regions.
Choline Chloride Market Outlook:
Choline Chloride is an organic compound and a quaternary ammonium salt. It is an important additive in feed especially for chickens to accelerate growth. It accelerates the growth in animal by building and maintaining cell structure and also helps in maintaining cell membrane integrity and normal maturation of bone cartilages, thus preventing perosis. Choline chloride is a white crystalline solid substance which is marketed as an aqueous solution which is a colorless liquid with amine like odor. The essential nutritional content in choline chloride is making it suitable for end user industries such as animal feed, human nutrition, oil and gas and many more. Animal feed holds the major share of of Choline chloride with 94.11%. . According to study by IndustryARC, feed has the highest consumption rate of choline chloride of 491.9 Kilo tons in 2017 which is estimated to reach 642.4 Kilo tons in the forecasted period of 2018 to 2023 with an estimated growth at a CAGR of 4.39%.
Choline Chloride Market Growth Drivers: The growing demand from poultry applications is increasing the choline chloride market growth as it is a necessary nutrient requirement for optimum animal growth. Growing demand for high quality poultry and chicken food products is increasing , the demand for feed additives and thereby increasing the growth of the market. Extensive usage of Choline chloride in pharmaceutical industry is further driving the market growth.
An increase in the demand for food is expected to fuel the demand for choline chloride market. Rise life standards has directly led to increase in demand for meat products is a significant factor which is fueling the growth of choline chloride market.
Choline Chloride Market Challenges: Lack of consumer awareness about the nutritional value of choline is slowing down the growth of choline chloride. Choline chloride can be utilized for human nutrition also as the nutritional content of choline chloride can help in the structural integrity of cell membranes, cell signaling, neurotransmission, muscle formation and fat transport in human body. Variability in cost of raw material is another factor which is holding up the growth of choline chloride.
Choline Chloride Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Choline Chloride market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the end use industry of choline chloride market.
Choline Chloride Market Report: Industry Coverage
Choline Chloride By End Use: Feed, Human Nutrition, Oil and Gas, Catalyst, Curing Agent and Neutralising Agent.
The Choline Chloride market report also analyzes the major geographic regions for the market. The regions and countries covered in the study include:
- North America
- South America
- Europe, Middle East and Africa
- Asia Pacific
Choline Chloride Market Key Players Perspective:
Balchem Corporation is the key player in bulk production of Choline Chloride. . It is an important additive in poultry feed as it accelerates chicken growth. The company has its headquarters in the U.S. and operates in South America, EMEA and Asia-Pacific regions. The next leading players include, Jubilant Life Sciences whose headquarters is in India and has its footprint in the U.S., Canada, Europe, and other countries across the globe.
Choline Chloride Market Trends:
- Choline Chloride is widely used as feed in poultry, swine, ruminants, and aqua feeds. Choline chloride prevents perosis and liver enlargement in chicken and is widely used as poultry feed. . Its vitamin and nutritional content promotes rapid and healthy growth in pig which in return has increased the demand of choline chloride in swine farming industry. The nutrients promotes the growth rate and laying rate of fowls and increase the survival rate of baby pigs. The use of Rumen protected choline (RPC) in dairy cattle prevents the fatty liver syndrome and ketosis and improves the milk production, milk composition and reproduction parameters.
- The other trends of choline chloride is its usage in human nutrition’s and oil and gas industry. The nutritional content of choline chloride help in the structural integrity of cell membranes, cell signaling, neurotransmission, muscle formation and fat transport in human body. In oil and gas industry it is employed as a temporary clay stabilizer as it reduces the amount of chlorides released into the environment, and is more ecofriendly when compared to potassium chloride.