The North America choline chloride market is accounted to US$ 126.5 Mn in 2018 and is expected to grow at a CAGR of 5.5% during the forecast period 2019 – 2027, to account to US$ 203.9 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
Growing demand by the poultry feed to favor the North America choline chloride market
Choline chloride is an important feed additive that is primarily used in poultry feed. Choline chloride, i.e., 2-hydroxyethyl-trimethyl ammonium hydroxide, is a rich source of vitamin B4 that has recently been claimed as a performance promoter in poultry. Choline in poultry feed helps in the prevention of conditions such as liver enlargement and perosis. Most significantly, the compound acts as a lipotropic agent that helps avoid the abnormal fatty infiltration in the liver and ensures proper metabolism of the body. It has been reported that the young chicken requires choline-rich diet due to their inability to synthesize it at a moderate rate, whereas the females are less susceptible to choline deficiency. The egg contains ~12–13 mg choline per gram dried whole egg mass. The white egg laying strain needs ~1,300 900 and 500 mg of choline/kg diet during the 21 weeks of age. Thus, the rising demand for poultry from the nations all over the globe has been a factor contributing to the rise and development of the choline chloride market. The increasing awareness and implementation of choline chloride coupled, with the functional properties of choline, have also favored the choline chloride market growth in North America.
End Use Industry Insights
The North America 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 North America 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 North America region is fuelling the growth of the choline chloride market in the feed industry.
NORTH AMERICA CHOLINE CHLORIDE MARKET SEGMENTATION
Choline Chloride Market, by End User Industry
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 126.5 Million |
| Market Size by 2027 | US$ 203.9 Million |
| CAGR (2019 - 2027) | 5.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By End-Use Industry
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Choline Chloride Market is valued at US$ 126.5 Million in 2018, it is projected to reach US$ 203.9 Million by 2027.
As per our report North America Choline Chloride Market, the market size is valued at US$ 126.5 Million in 2018, projecting it to reach US$ 203.9 Million by 2027. This translates to a CAGR of approximately 5.5% during the forecast period.
The North America 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 North America Choline Chloride Market report:
The North America Choline Chloride Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Choline Chloride Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Choline Chloride Market value chain can benefit from the information contained in a comprehensive market report.
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