LAMEA Choline Chloride Market

LAMEA Choline Chloride Market Size, Share & Industry Trends Analysis Report By Form (Powder, and Liquid), By Application (Animal Feed, Human Nutrition, Oil & Gas, Pharmaceuticals, Personal Care), By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-17994 Publication Date: October-2023 Number of Pages: 117
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Analysis of Market Size & Trends

The Latin America, Middle East and Africa Choline Chloride Market would witness market growth of 8.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 41,033.7 Tonnes, showcasing a growth of 8.6% (2023-2030).

Encapsulation technologies have improved the delivery of choline chloride in animal nutrition. Encapsulated choline chloride offers better stability and controlled release, ensuring that animals receive a consistent supply of this essential nutrient. Choline chloride suppliers offer customized solutions to meet the specific needs of different industries. This includes tailored formulations and blends for animal nutrition and pharmaceutical applications. Choline chloride is primarily known for its pivotal role in animal nutrition. It is a vital component of animal feed, contributing to livestock growth, development, and overall health. Poultry, swine, and aquaculture industries widely use choline chloride to enhance meat, eggs, and seafood productivity and quality.

It is used in the food and beverage industry as a supplement and flavor enhancer. It plays an important role in enhancing the nutritional value of certain food products and maintaining the quality of processed foods. Choline is a crucial nutrient for human health, playing an important role in developing and maintaining healthy cells, particularly in the brain and nervous system. Choline chloride is used in dietary supplements to ensure individuals adequately intake this vital nutrient.

According to the ITA, in 2020–2022, the Dubai Customs Authority seized counterfeit cosmetics and personal care items valued at tens of thousands of dollars while holding public awareness campaigns to inform the public about the issue. Dubai has a thriving industry for cosmetics and skincare products. Dubai is known for its luxury and high-end beauty brands and products. Choline chloride can be incorporated into premium skincare and cosmetic lines, aligning with the demand for quality and effectiveness. Dubai is at the forefront of embracing advanced technology and innovation in the personal care sector. The men's grooming industry is expanding in Dubai. Choline chloride may be incorporated into products targeting male consumers, such as skincare and grooming.

Saudi Arabia is experiencing a shift in consumer preferences towards healthier lifestyles and dietary choices. Supplements targeting bone and joint health are in demand in Saudi Arabia. Saudi Arabia is witnessing increased functional foods, including those offering health benefits beyond basic nutrition. Saudi Arabia has a significant active and aging population and is looking for nutritional solutions to support their health and well-being. Choline chloride can be part of products targeting these demographic groups. The rising adoption of variable factors across LAMEA region, the is estimated to increase.

The Brazil market dominated the LAMEA Choline Chloride Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $21,460 Thousand by 2030. The Argentina market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 8.5% during (2023 - 2030).

Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Animal Feed, Human Nutrition, Oil & Gas, Pharmaceuticals, Personal Care, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Choline Chloride Market is Projected to reach USD 875.1 Million by 2030, at a CAGR of 6.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Merck KGAA, Kemin Industries, Inc., Balchem Corporation, Eastman Chemical Company, Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.), BASF SE, Tokyo Chemical Industry Co. Ltd., Nuproxa Switzerland Ltd, Pestell Nutrition Inc. (Barentz), and Algry Quimica S.L.

Scope of the Study

Market Segments Covered in the Report:

By Form (Volume, Tonnes, USD Thousands, 2019-2030)

  • Powder
  • Liquid

By Application (Volume, Tonnes, USD Thousands, 2019-2030)

  • Animal Feed
  • Human Nutrition
  • Oil & Gas
  • Pharmaceuticals
  • Personal Care
  • Others

By Country (Volume, Tonnes, USD Thousands, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Merck KGAA
  • Kemin Industries, Inc.
  • Balchem Corporation
  • Eastman Chemical Company
  • Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
  • BASF SE
  • Tokyo Chemical Industry Co. Ltd.
  • Nuproxa Switzerland Ltd
  • Pestell Nutrition Inc. (Barentz)
  • Algry Quimica S.L.
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