Global Choline Chloride Market is Expected to Reach USD 814.87 MN By Forecast year 2028

November 03 18:40 2021
Global Choline Chloride Market is Expected to Reach USD 814.87 MN By Forecast year 2028
Choline Chloride Market Forecasts to 2028
Choline Chloride Market Forecasts to 2028 – Global Analysis By Form (Powder, Liquid/Aqueous Solution), Grade (Food Grade, Feed Grade, Pharmaceutical Grade, Technical Grade) and By Geography

The Global Choline Chloride Market is accounted for $507.42 million in 2020 and is expected to reach $814.87 million by 2028 growing at a CAGR of 6.1% during the forecast period. Factors such as increasing meat consumption, growing animal feed industry, and developments in oil and gas industry are driving the growth of the market. However, health concerns associated with choline chloride usage is hampering the growth of the market. 

Some of the key players profiled in the Choline Chloride Market include BASF SE, Jubilant Life Sciences Ltd., Havay Chemicals, Kemin Industries Inc, Eastman Chemical Company, Balaji Amines Ltd, Balchem Corporation, Be-Long Corporation, NB Group Co Ltd, GHW Eurochemicals S.R.O., Algry Quimica Sl, Pestell Minerals & Ingredients Inc., A&C Co. Inc., and Taminco Corporation.

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Forms Covered:• Powder• Liquid/Aqueous Solution

Grades Covered:• Food Grade• Feed Grade• Pharmaceutical Grade• Technical Grade   

Purities Covered:• 50% Purity• 60% Purity• 70% Purity• 75% Purity• 98% Purity 

Applications Covered:• Human Nutrition• Personal Care• Pharmaceutical (Fatty Liver Treatment)• Fracturing Fluids• Animal Feed• Plant Photosynthesis Promoter• Brain Supplements• Oil and Gas• Agriculture• Other Applications

Ingredients Covered:• Ethylene Oxide• Trimethylamine• Hydrochloric Acid 

The Global Choline Chloride Market is majorly driven by increasing meat consumption, growing animal feed industry, and developments in oil and gas industry. The oil and gas segment is growing at a highest CAGR as choline chloride can be used as an environment friendly as a clay stabilizer in this industry. Asia Pacific dominated with a significant market share due to the increasing demand from the egg, poultry, and meat industries of major economies like India, China, and Korea. North America market is growing at a highest CAGR owing to the wide use of choline chloride for various applications.

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