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)
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.
Get Request For Sample @
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
Get Detailed For ToC @
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
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.
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research