Choline Chloride Market is Expected to Reach US$ 1,019.5 Mn in 2027: Top Key Player are BASF, Jubilant Life Sciences, Balaji Amines, Be-Long Corporation and Balchem Corporation

The Choline Chloride Market to 2027 is an assessment of competitive landscape and current and future market trends concerning the Choline Chloride industry across the globe. The report evaluates market size and identifies new opportunities during the forecast period. The Choline Chloride Market is anticipated to witness decent growth in the coming years.

The global choline chloride market accounted for US$ 662.5 Mn in 2018 and is expected to grow at a CAGR of 5.0% during the forecast period 2019 - 2027, to account to US$ 1,019.5 Mn by 2027.

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Under the end-use industry segment, the feed industry segment accounted for the largest share in the global choline chloride market. Choline chloride is a quaternary ammonium salt with chlorine anion and cation. Choline chloride generally appears as the white crystal is practically a neutral aqueous solution. It is highly adopted by the feed industry as it is used to manufacture animal feed and aqua feed products. Choline chloride has been intensively used in animal feed and appears as a liquid solution with a concentration of 75% as this concentration is stable. The high importance of choline in the animal body, such as an important metabolite that is important for maintaining the cell structure in an animal’s body and other important characteristics, has been one of the primary factors for the upsurge of the choline chloride market all over the globe. Choline chloride is also served as a great source of choline that is highly essential in the aqua feed industry.

Aquaculture involves farming of fish, crustaceans, molluscs, aquatic plants, and other organisms. This method helps to produce food and other commercially used products, replenish wild stock, and rebuild the aquatic population. Choline is used to improve fat metabolism, strike energy balance, and boost the overall productivity of the aquaculture industry. Choline chloride is considered to be an important derivative of the methylamine, which is mainly used as a vitamin substitute as well as animal feed additives to promote the growth of aquaculture species. Aquaculture feeds based on choline chloride are being extensively used to improve protein density. The increased protein density allows the availability of high concentration of lipids, fats, carbohydrates, and vitamins, leading to better quality and yields of eggs. With the growth of the aquaculture industry, the demand for choline chloride is rising for the aqua feed application. To meet this demand, several manufacturers are offering choline chloride for the aquaculture industry.

Chemicals and materials industry is among the fastest-growing sectors of the manufacturing industry. The global chemical industry has witnessed a significant structural change in recent years, including the shift of manufacturing locations to Asian countries and newly emerging technologies. Furthermore, the development of advanced materials has proved a breakthrough in the designing of new products for construction, defense, and healthcare. Ongoing research on carbon Nanomaterial’s, activated carbon, titanium, and other materials hold promising growth prospects for the industry.

The Choline Chloride Market is segmented on the basis of a, b, and c for research. The report identifies and evaluates complex global value chains from both demand and supply side and analyses driving and restraining factors. The market size is estimated using bottom-up and top-down approaches.

Leading companies profiled in the report are

1. Algry Química, S.L
2. Balaji Amines Ltd.
3. Balchem Corporation
4. BASF SE
5. Be-Long Corporation
6. Eastman Chemical Company
7. GHW Eurochemicals S.R.O.
8. Jubilant Life Sciences Limited.
9. NB Group Co., Ltd
10. Pestell Minerals & Ingredients Inc.

The report provides exclusive company details, including their financial overview, product/ services offered, notable developments, and SWOT analysis with respect to the Choline Chloride Market. With major players’ focus on organic and inorganic growth strategies, the Choline Chloride Market is anticipated to lucrative opportunities in the coming years.

The report provides exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.

The report acknowledges the following key Elements:

• Choline Chloride Market size and growth rate in the forecast period.
• Key market trends affecting the Choline Chloride Market.
• Drivers and challenges to market growth.
• SWOT analysis of top players in the Global Choline Chloride Market.
• Market initiatives by the leading vendors.
• PEST analysis across five major regions.

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