The global choline chloride market accounted for US$ 662.5 Mn in 2018 and is expected to grow at a CAGR of 5.0% during the forecast period 2019 – 2027, to account to US$ 1,019.5 Mn by 2027.
The Asia Pacific accounted for the highest share in the global choline chloride market. The growth of the choline chloride market in this region is primarily attributed to the increasing demand for poultry meat and the expansion of the aquaculture industry. The growing demand for poultry meat in countries such as India, Japan, and China has led to the increasing demand for animal feed. High demand for choline chloride, along with the growing population in this region, is creating a strong need for choline chloride market. The region also has the presence of significant choline chloride manufacturers such as BASF SE, Jubilant Life Sciences Ltd., Balaji Amines Ltd., Be-Long Corporation, Balchem Corporation, among others that offer high-grade choline chloride to the region’s feed industry, and other industries.
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- Algry Química, S.L
- Balaji Amines Ltd.
- Balchem Corporation
- BASF SE
- Be-Long Corporation
- Eastman Chemical Company
- GHW Eurochemicals S.R.O.
- Jubilant Life Sciences Limited.
- NB Group Co., Ltd
- Pestell Minerals & Ingredients Inc.
The research thoroughly establishes critical market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.
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The global study on Choline Chloride Market sums up area wise market distribution with respect to five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America covering the political, economic, social, and technological scenario for each region and its impact on the market. The report further breaks down the analysis for the major countries in these regions to provide a detailed picture of the market share and growth rate.
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This post was originally published on Trading Herald