Huge Demand for Choline Chloride Market Especially in Asia-Pacific Region – Report by MarketsandMarkets
U.S., China, Brazil, India, and Russia are the major countries with a huge demand for choline chloride. http://www.marketsandmarkets.com/Market-Reports/choline-chloride-market-195412353.html.
(PRWEB) July 09, 2014
The report “Choline Chloride Market by End-User (Poultry feed, Swine feed, Ruminant feed, Aqua feed & others, Human nutrition and Oil & Gas, and Misc. applications), and Geography – Regional Trends & Forecast to 2019”, defines and segments the choline chloride market with an analysis and forecast of the volumes and values of end-user markets such as poultry feed, swine feed, ruminant feed, aqua feed & others, human nutrition and oil & gas and misc. Along with this, the volume & value of choline chloride by geography are also discussed.
Browse more than 85 market data tables with 43 figures spread through 193 slides and in-depth TOC on "Choline Chloride Market". http://www.marketsandmarkets.com/Market-Reports/choline-chloride-market-195412353.html
Choline chloride, also known as Vitamin B4, is majorly used for animal feed additive for healthy growth of the animals such as poultry, swine, and ruminants. Choline chloride metabolizes fats and prevents abnormal accumulation of fat in the animal liver.
Choline chloride market is a highly fragmented market with a presence of large number of small producers. There are only handful global players having presence in all regions. Major players in this market are opting for capacity expansion to enhance their market penetration into new applications. The major companies in this market are Balchem Corporation (U.S.), Taminco (Belgium), BASF (Germany), Algry Química (Spain), Havay Chemical Company (China), NB Group Co., Ltd (China), and Jubliant Life Science (India).
Poultry feed additive dominates the choline chloride market. In 2012, Asia-Pacific was the largest market for choline chloride and accounted for 37.3% of the overall choline chloride market, by consumption. Asia-Pacific is expected to show robust growth owing to increasing consumption of meat in countries like India, China, Thailand, and others. Poultry meat is being preferred over other meats; hence, driving demand for choline chloride in poultry feed.
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Global choline chloride market to reach 596.9 kilo tons by 2019
The market for choline chloride in terms of volume is expected to reach 596.9 kilo tons by 2019, growing at a CAGR of 5.6% from 2014 to 2019. Asia-Pacific dominated the choline chloride market volume in 2013. Asia-Pacific is expected to remain the major market by 2019, growing at a CAGR of 6.4% from 2014 to 2019. Choline chloride within poultry feed market is expected to be the fastest growing market, with a CAGR of 5.7% from 2014 to 2019, owing to the rising consumption of poultry meat and shift in preferences for meat globally.
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Asia-Pacific and Europe accounted for more than 65% of the choline chloride market value in 2013
In terms of value, Asia-Pacific is the largest market, with China leading the region. Europe is the second major market of choline chloride, globally. Asia-Pacific is expected to remain the major market by 2019, with increasing consumption of choline chloride due to growing demand for meats especially poultry meat.
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