Press release
Choline Chloride Market Rising Demand for Luxury Food with Top Competitors Fano Group Limited, Part Pishsaz Pooya, Shaanxi Xingwang Group and Global Forecast to 2025
Choline Chloride Market – Industry Trends and Forecast to 2025
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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 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.
Market Drivers:
• 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
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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.
Segmentation: Global Choline Chloride Market
By Grade Type
• Food Grade
• Chemical Grade
By Ingredients
• Hydrochloric acid
• Ethylene Oxide
• Trimethylamine
By Application
• Chemicals
• Poultry feed
• Swine feed
• Ruminant feed
• Aqua feed & others
• Human nutrition and Oil & Gas
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• 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.
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