Choline Chloride Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 to 2027

Such an insightful market research report on the Global Choline Chloride Market Report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The market for choline chloride was valued at USD 507.42 million in 2020 and is expected to grow at a CAGR of 4.11% during the forecast period (2022-2027). 

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Some of the Top companies Influencing this Market include: Balchem, Eastman, BASF, Algry Química, Jubilant Life Sciences, MGC Advanced Chemical, Yokkaichi Chemical, Impextraco, VIV Interchem, Balaji Amines, GHW, NB Group, Jujia Biotech, Kangtai Chemical, Dazheng Feed Science & Technology, Liaoning Bicochem, Aocter Group, Jinan Asia Pharmaceutical

Market Overview:

Choline chloride requirement for chicken (starter) ranges from 400 to 700 mg per kg of diet, chicken (pullets) ranges from 250 to 400 mg per kg of diet, laying hens (300-500 mg per kg), broilers (300-600 mg per kg), and ducks/geese (400-600 mg per kg of diet). According to the United Nations Food and Agriculture Organization (FAO), by 2050, the demand for food is estimated to grow by 60%. Moreover, between 2010 and 2050, the production of animal protein is expected to increase by 1.7% and of dairy by 55%, approximately. In 2019, poultry meat consumption across the world was about 128 million ton and is forecasted to reach about 135 million ton by 2025.

Segmentation by Types:

50% Purity
60% Purity
70% Purity
75% Purity
98% Purity
Others

Segmentation by Applications:

Animal Feeds
Fracturing Fluids
Food and Pharmaceuticals
Others

China to Dominate Asia-Pacific Market

In 2019, China witnessed about 6.1% growth in its GDP, which is the country's slowest rate of economic growth since 1990 due to its trade war with the United States. The National Bureau of Statistics and IMF projects a growth rate of nearly 2% for China in 2020 and is expected to witness a growth rate of 8.2% in 2022, subject to the post-COVID-19 economic recovery. China's livestock industry has expanded rapidly in recent years as diets shift toward more animal proteins. At present, China is the world's largest producer of livestock products and the largest manufacturer of animal feed. According to the Chinese Ministry of Agriculture and Rural Affairs, the animal feed market is valued at more than USD 45 billion in 2019. Such a huge market size underscores the considerable market size of the animal feed additives market, which can be further linked to the bulky market demand for Choline Chloride in the country.

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The key regions covered in the Choline Chloride market report is:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Why Buy This Choline Chloride Market Report?

Significant Choline Chloride market players are highlighted in the report.
Value drivers such as revenue and costs incurred are detailed in the Choline Chloride
Trade and other regulatory frameworks that are significantly impacting the competition the domestic market and positioning of individual players are discussed in the report.
The new ventures in the global Choline Chloride market undertaken by the leading players to expand their business are detailed.
The strategies that have helped the private players to expand their operations and introduce cost effective technologies to boost competitiveness in the domestic as well as global markets are outlined in the Choline Chloride

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Table of Content:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Growth Opportunities By Segment

Chapter 5: Market Landscape

Chapter 6: Choline Chloride Market By Type (2022-2027)

Chapter 7: Choline Chloride Market Size Market By Application (2022-2027)

Chapter 8: Company Profiles And Competitive Analysis

Chapter 9: Global Choline Chloride Market By Region

Chapter 10: Analyst Viewpoint And Conclusion

Chapter 11: Adjacent Market

Chapter 12: Disclaimer

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