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Choline Chloride Market Size

  • Report ID: GMI3788
  • Published Date: Feb 2024
  • Report Format: PDF

Choline Chloride Market Size

Choline Chloride Market size was valued at USD 546 million in 2023 and is estimated to grow at over 7.6% CAGR from 2024 to 2032. Choline chloride is a key ingredient and used in animal feed to improve health and development, particularly in pigs and chicken. It serves as a source of choline, which is essential for various physiological activities, such as cell membrane integrity and lipid metabolism.

 

Ongoing trends in the choline chloride market show that demand is rising due to the increasing animal feed demand, poultry consumption and higher meat, and improved understanding of animal nutrition. Moreover, increasing uses for choline chloride in human nutrition, clay stabilizer in the oil and gas sectors are driving market expansion. Technological developments in feed production, as well as a trend towards sustainable and efficient animal husbandry techniques, are driving demand even higher.

 

The global increase in poultry and meat consumption is a primary driver of the choline chloride industry. As the population grows and rising disposable income, dietary preferences are changing, with an increased need for protein-rich meals. This trend boosts the demand for poultry and meat, increasing the demand for animal feed to maintain the rising livestock population. Choline chloride, a vital ingredient in animal nutrition, promotes animal health development, and productivity, helping to fulfil the growing requirements for animal protein. As meat consumption increases, so does the demand for choline chloride in feed formulations.

 

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of choline chloride reached USD 546 million in 2023 and is set to register 7.6% CAGR from 2024 to 2032, owing to the increasing animal feed demand, poultry consumption and higher meat, and improved understanding of animal nutrition worldwide.

The 50% grade choline chloride segment recorded USD 138.5 million in 2023, due to its simplicity and adaptability of incorporation into other feed types.

North America market size was valued at USD 131.9 million in 2023, due to the presence of a vast and advanced animal feed network.

BASF SE, Eastman Chemical Company, GHW International, IMPERIAL GROUP LIMITED, Jublient Life Sciences, Kemin Industries, Nuproxa Switzerland, Pestell Minerals & Ingredients, SDA Products, and Sigma Aldrich some of the major choline chloride companies worldwide.

Choline Chloride Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 238
  • Countries covered: 27
  • Pages: 180
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