According to the Zion Market Research analysts, the — global choline chloride market was is anticipated to expand at about 4.9% CAGR during the forecast period, to reach around US$ 1,176.45 million by 2026. Few of the prominent players active in the global choline chloride market include Jubilant Life Sciences Ltd., BASF SE, Be-Long Corporation, Balaji Amines Ltd., Algry Qumica S.L., Balchem Corporation, Pestell Minerals & Ingredients Inc., NB Group Co., Ltd., GHW Eurochemicals S.R.O., and Eastman Chemical Company, among others.
Rising Poultry Consumption To Surge Demand For Choline Chloride In Coming Period
The increasing disposable income together with the improved living standard has amplified the poultry consumption, which is projected to fuel the choline chloride demand in the coming period. Further, the rise in the preference for poultry over beef or pork is also anticipated to surge the choline chloride demand. Moreover, the rising alertness for the feed supplements among a range of end-users has also expected to propel the expansion of the choline chloride market during the forecast period. The rising population together with the mounting need for luxury food will also influence the expansion of the poultry market, which, in turn, will boost the choline chloride demand.
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The global choline chloride market is bifurcated based on feed grade, application, end-use, and region. The global choline chloride market, based on feed grade, is divided into 50% of choline chloride feed grade, 60% choline chloride, 70% choline chloride, 75% choline chloride, and 90% and above choline chloride. Based on application, the market is categorized as animal feed, pharmaceuticals, oil & gas, human nutrition, and others. Based on end-use, the market is classified into swine feed, poultry feed, aquaculture feed, ruminant feed, brain supplements, and others.
Asia Pacific To Witness Substantial Market Growth During The Forecast Period
Asia Pacific is the biggest choline chloride market across the globe and expected to continue its dominance over the forecast period. The growth in this region is primarily propelled by the swift rise in China as the key customer for the choline chloride. Asia Pacific is expected to garner the largest share of the global choline chloride market. Further, Europe is also anticipated to grab the second biggest share in the choline chloride market during the forecast period. Europe and North America are projected to observe a stable expansion in the years to come because of the high need from the poultry and processed meat industry. Further, rising choline chloride use in poultry and oil & gas industry has brought up several opportunities for the Latin America and the Middle East market to grow.
The global choline chloride market is segmented as follows:
Oil & Gas
By feed grade
90% and above choline chloride
75% choline chloride
70% choline chloride
60% choline chloride
50% of choline chloride
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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