The North America Choline Chloride Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 95,617.7 Tonnes, showcasing a growth of 5.6% (2019-2022).
Choline chloride is a quaternary ammonium salt consisting of the choline cation and chloride anion. The market is expanding due to the rising usage of the chemical in the personal care and pharmaceutical end-use sectors. Choline cation and chloride anion combine to form choline chloride, a quaternary ammonium salt. It is a deliquescent white crystal. It is commonly utilized in the formulation of pharmaceutical products because it functions as a lipotropic agent, increasing the transport and metabolism of lipids, including the creation of lipoprotein and a nootropic agent. Pharmaceutical formulations require an analyte to determine formulation efficiency. Analyte efficiency is determined using a variety of pharmaceutical reference standards, commonly referred to as certified reference materials or secondary standards.
Certified reference material is the primary application for choline chloride. In addition, the extensive use of pharma-grade choline chloride as a basic material in producing pharmaceutical or biopharmaceutical cell culture media products is a major factor in the market's growth. Solvents are significant intermediary substances that are essential to the purification of pharmaceutical products and excipients. In addition, growing concern for eco-friendly chemistry has created vast opportunities for the expansion of bio-based solvents in the pharmaceutical industry. Choline chloride functions as a humectant, which can retain moisture. It is employed in formulating hair and skin care products such as lotions, conditioners, and other cosmetics. Carboxylic acid and choline salts have good moisturizing qualities compared to other acids. Additionally, to improve the biological qualities of the parent molecule and lessen irritation, burning, and stinging, monocholine salts of di and polyvalent carboxylic acids are employed in personal care products.
Canadians are becoming more conscious of personal care and grooming, leading to a growing demand for a vast range of products, such as hair care, skincare, and cosmetics. There is a trend toward natural and organic personal care products in Canada. As Canadians become more health-conscious, the personal care industry has seen growth in products that promote skin health and overall well-being. Choline chloride can be used to enhance the effectiveness of such products. The Canadian hair care industry has grown, emphasizing natural and organic ingredients.
Choline chloride is used in hair care products to improve hair texture and manageability in Canada. According to the International Trade Administration, in the first half of 2022, the Canadian beauty industry experienced the country's highest growth rate. In 2022, Canada's personal care and beauty sector brought in over $11 billion in revenue. Revenue from the cosmetics business is predicted to increase by 1.45% annually to USD 1.8 billion by 2024. These factors will support the growth of the regional market in the coming years.
The US market dominated the North America Choline Chloride Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $168,413.6 Thousand by 2030. The Canada market is registering a CAGR of 8.2% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 7.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Choline Chloride Market is Predict to reach $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.
By Form (Volume, Tonnes, USD Thousands, 2019-2030)
By Application (Volume, Tonnes, USD Thousands, 2019-2030)
By Country (Volume, Tonnes, USD Thousands, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 