According to a new report, published by KBV research, The Global Choline Chloride Market size is expected to reach $875.1 Million by 2030, rising at a market growth of 6.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,07,131.8 Tonnes, experiencing a growth of 6.2% (2019-2022).
The Powder segment is leading the Global Choline Chloride Market, By Form in 2022 thereby, achieving a market value of $618.6 Million by 2030. Choline chloride powder is a bifunctional chemical composed of quaternary ammonium salt and alcohol. The water solubility of powder choline chloride makes it viable for use in the medical end-use industry. Choline chloride powder is also used to produce animal feed products. There has been significant growth in demand for choline chloride powder owing to its use in animal feed products. Moreover, powder choline chloride is used extensively when producing supplementary diet products owing to its economic benefits. Specifically, increasing demand for meats across the Asia-Pacific region is further anticipated to escalate the demand for the market.
The Human Nutrition segment is showcasing a CAGR of 6.2% during (2023 - 2030). Choline is critical in brain development and function, making it important for cognitive health. It is a precursor to acetylcholine, a neurotransmitter essential for memory and muscle control. This has driven the adoption of choline chloride in dietary supplements targeting brain health. Choline is involved in lipid metabolism and liver health. It plays an essential role in preventing non-alcoholic fatty liver disease by preventing fat accumulation in the liver. This has led to increased adoption of choline chloride in supplements promoting liver health. The adoption of choline chloride in human nutrition is driven by recognizing its essential role in various bodily functions and increasing consumer awareness of its benefits.
The Asia Pacific region dominated the Global Choline Chloride Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $385.1 Million by 2030. The North America market is anticipated to grow at a CAGR of 5.8% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 6.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/choline-chloride-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Tonnes, USD Thousands, 2019-2030)
Companies Profiled
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