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Choline Chloride Market Trends

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

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Choline Chloride Market Trends

The choline chloride industry is going through dynamic shifts, largely driven by increased demand for effective animal feed additives during extending global meat consumption. The trend is being driven by growing acknowledgment of choline chloride's function in improving general health and animal development. This is noticeable in the swine and poultry industries, which are the key consumers of feed additive.

Furthermore, the market is witnessing growth as the aquaculture industry expands, where choline chloride is required for the development of aquatic species. However, the market faces constraints such as strong regulations and volatile raw material prices. Improvements in feed technology and sustainability trends are also influencing the market, encouraging producers to innovate and adopt environmentally friendly methods.

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.