Choline Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
Choline chloride is a quarternary ammonium salt that contains chloride anion and choline cation. In the laboratory, chloline is mainly prepared by the methylation of the dimethylethanolamine with the methyl chloride. However, in the industries Davy’s Process Technology is the most widely used process to manufacture choline chloride. This process manufactures choline chloride from the hydrochloric acid, ethylene oxide and trimethylamine or from the pre-formed salts. Choline chloride is an essential nutrient that is required for the optimum animal growth. Choline chloride induces animal growth through building and maintaining cell structure as well as its function. Choline chloride is mainly associated with the synthesis as well as metabolism of betaine, methionine, serine, cystein, glycine and many other methyl containing biological compounds.
Rising disposable income coupled with the better standard of living has increased the consumption of poultry which in turn is expected to boost the overall demand for the choline chloride market. In addition, the increase in the favor for poultry that that compared to pork or beef has further accelerated the demand for the choline chloride. Choline chloride is a derivative of the methylamine which is primarily used as a vitamin substitute or as supplements in the animal feed additives for fish farming, swine feed and poultry. Choline chloride is mainly classified as a vitamin B-complex which is essential for a large number of vital biological functions. Choline chloride is also known for its various uses in the form of catalyst, curing agents and neutralizing agent. Choline deficiency in the growing chicks is known to cause poor growth, inefficient use of feed and perosis. Major factors driving the overall growth of the choline chloride market are the growing consumption of poultry egg and meat coupled with the growing demand for meats especially in Asia Pacific. In addition, the increasing awareness for the feed supplements among the various end users has boosted the overall growth of the choline chloride market. The increasing population coupled with the growing demand for luxury food has boosted the overall growth of the poultry industry. Thus, with the growing poultry industry there is an increase in the demand for choline chloride.
Asia Pacific is the largest market for Choline chloride. Asia Pacific is mainly driven by the rapid growth in China as a major consumer for the choline chloride market. Asia Pacific is expected to garner the largest share of the global choline chloride market. The central and the South American market and the far eastern countries are primarily expected to be the fastest growing markets for choline chloride. Europe is expected to be the next largest market for the choline chloride market.
Kemin Industries Inc., Nb Group Co. Ltd., Be–Long Corpration, A&C Co. Inc., Pestell Mineral & Ingredients, Havay Chemicals, Basf Se, Balaji Amines Ltd., Jubilant Life Sciences Ltd., Taminco Corporation, Balchem Corporation and Algry Quimica Sl among others are the key participants of the global choline chloride market. Owing to the significant production capacity, Balchem Corporation has grown as one of the strongest player in the market in the recent years. Many companies manufacturing choline chloride are actively trying to increase the awareness regarding the importance of the product among the buyers.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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- This report provides pin-point analysis for changing competitive dynamics
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- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
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