The global choline chloride market size is expected to reach USD 940.54 million by 2032, according to a new study by Polaris Market Research. The report “Choline Chloride Market Share, Size, Trends, Industry Analysis Report, By Application (Animal Feed, Oil & Gas, Human Nutrition, Personal Care, Pharmaceuticals, and Others); By Form; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing use of choline chloride as a major vital additive for a variety of animal feed, especially in chicken feed, and growing consumer awareness regarding its comprehensive benefits, like prevention from numerous conditions like perosis and liver enlargement, are among the major prominent factors influencing the market growth. Additionally, the urbanization and rapid increase in the prevalence of animal feed, along with the growing focus of major market companies on developing more effective products through investing heavily in their R&D activities, are likely to create lucrative growth opportunities for the market in the near future.
For instance, in December 2022, Kemim Industries, a leading ingredient manufacturer, announced the expansion of its encapsulation capabilities with two new facilities. The company’s new facilities will help it expand its ruminant-solutions portfolio by increasing efforts to deliver innovation and new products to the customers.
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In the recent past, choline chloride has gained significant traction as a certified reference material, along with the growing use as a raw material for producing pharma and biopharma cell culture media products. The rapidly growing adoption of a variety of personal care products across developed countries like the US and Canada due to its ability to reduce irritation, burning, parent molecule, and stinging sensation has fueled the demand for choline chloride exponentially.
Choline chloride contains high cation load content, making it highly viable to be used in various human nutritional products, including dairy products, beverages, supplementary diet products, and many others. Additionally, the dissolvability of choline chloride helps it to be easily secreted by the digestive system, thereby supporting the body to reach the choline demands and resulting in higher product adoption worldwide.
Choline Chloride Market Report Highlights
Polaris Market Research has segmented the choline chloride market report based on application, form, and region:
Choline Chloride, Application Outlook (Revenue - USD Million, 2019 - 2032)
Choline Chloride, Form Outlook (Revenue - USD Million, 2019 - 2032)
Choline Chloride, Regional Outlook (Revenue - USD Million, 2019 - 2032)