Choline Chloride Market Share, Company Profiles and Forecast by 2027

1. Choline Chloride Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027

2. The global choline chloride market is estimated to see robust growth by 2027 owing to the growing animal agriculture industry. Additionally, rising food requirements worldwide as well as growing concerns about meat quality and the risk of livestock diseases are likely to further drive market growth over the forecast timeline. • Choline chloride is commonly utilized as a clay stabilizer in oil and gas applications as it is safe and cost-effective. Moreover, the expanding oil and gas industry and rising climate consciousness are driving organizations to invest in eco-friendly solutions, thereby positively impacting the growth of the choline chloride market. Market players are also investing in the development of novel solutions to capitalize on prominent sustainability trends in the oil and gas sector. • Highly pure version of choline chloride is widely used in the preparation of various medicinal formulations that target neurological health. The expanding pharmaceutical sector, along with increased demand for natural components, is poised to improve product demand in the pharmaceutical industry. • Notably, to monetize the growing popularity of plant-based alternatives, industry participants have been focusing on sustainable and healthy animal feed products. For instance, in November 2021, Kemin Industries, an international ingredient manufacturer, launched a new solution in Europe, dubbed the TOXFIN® CARE, intended to prevent performance and productivity loss by protecting animal tissue and organs from possible mycotoxin damage.

3. The global choline chloride market has been segmented on the basis of grade, form, application, and region. Based on grade, the market has been further divided into 50%, 70%, 75%, 60%, 98%, and others. The others grade segment is anticipated to see considerable growth at approximately 5% CAGR through the forecast period. Other grades include 78%, >98%, and >99%. In terms of application, the market has been segregated into animal feed, oil & gas, pharmaceuticals, personal care, human nutrition, and others. The animal feed application segment is forecast to grow at a CAGR of more than 6% through the analysis timeframe. Under animal feed, the market has been divided into poultry (broilers and layers), swine, cattle, pet food, and aquaculture. The broilers poultry animal feed application is estimated to witness substantial growth by 2027, progressing at over 6.3% CAGR over the review timeline. The cattle animal feed application is expected to expand at a CAGR of more than 6.3% over the study timeframe. The others application segment is foreseen to develop at about 7.5% CAGR through the estimated timespan. Other applications of choline chloride include curing agent, catalyst, solvent, and neutralizing agent.

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