The Asia Pacific choline chloride market is accounted to US$ 277.8 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 – 2027, to account to US$ 410.9 Mn by 2027.
Choline chloride is largely used as a feed additive for accelerating animal growth in which the animal feed has experienced a significant increase in the past few years. Choline chloride has also found a profound place in the oil and gas industry to be used as a clay stabilizer and has been estimated to create a significant opportunity for the choline chloride market all over the globe. Choline chloride is soluble in water as well as in alcohol which consists of deliquescent white crystals of neutral pH that makes it compatible to be consumed in the powdered or liquid form.
Market Insights
Importance of choline chloride in the human nutrition industry to favor the Asia Pacific choline chloride market
Choline chloride has been known to play an essential role in human nutrition. The deficiency of choline has been reported to be possibly causing liver damage, muscle damage, and non-alcoholic fatty liver disease. Choline is a rich source of methyl groups that are necessary for various metabolic steps in the human body. Choline in the human body is required for the synthesis of sphingomyelin and phosphatidylcholine, which are the two significant phospholipid components in the cell membrane. Choline also plays an essential role in the production of acetylcholine in human body, which is an essential neurotransmitter for muscle control, mood, memory, and nervous and brain functioning. The inclusion of choline chloride in human nutrition is also necessary as it plays a vital role in cell membrane signaling, gene expression modulation, early brain development, and lipid transport and metabolism. Thus, rising awareness regarding the importance of choline in human nutrition has led the growth of the choline chloride market.
End Use Industry Insights
The Asia Pacific choline chloride market is segmented on the basis of end use industry is segmented into feed industry, human nutrition, oil and gas industry and others. The feed industry segment is expected to lead the Asia Pacific choline chloride market over the forecast period. Choline chloride is used in the manufacturing of animal feed and aqua feed products due to its high nutritional profile and the necessity of choline in maintaining and building of structural cells in the animals. Choline is induced in the vitamin B group that principally occurs as a methyl group donator. These labile methyl groups are necessary for the formation of vital body substances such as adrenaline and creatine and also in the metabolic reactions and fat conversions. Additionally, rapid growth in the feed industry in Asia Pacific region is fuelling the growth of the choline chloride market in the feed industry.
ASIA PACIFIC CHOLINE CHLORIDE MARKET SEGMENTATION
Choline Chloride Market, by End User Industry
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 277.8 Million |
| Market Size by 2027 | US$ 410.9 Million |
| CAGR (2019 - 2027) | 4.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By End-Use Industry
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Choline Chloride Market is valued at US$ 277.8 Million in 2018, it is projected to reach US$ 410.9 Million by 2027.
As per our report Asia Pacific Choline Chloride Market, the market size is valued at US$ 277.8 Million in 2018, projecting it to reach US$ 410.9 Million by 2027. This translates to a CAGR of approximately 4.5% during the forecast period.
The Asia Pacific Choline Chloride Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Choline Chloride Market report:
The Asia Pacific Choline Chloride Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Choline Chloride Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Choline Chloride Market value chain can benefit from the information contained in a comprehensive market report.
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