Key Players in Choline Chloride Market: A&C Co. Inc., Havay Chemicals, Pestell Mineral & Ingredients, Nb Group Co. Ltd., Be–Long Corporation, Kemin Industries Inc.
(PRWEB) September 27, 2014
The report “Choline Chloride Market by End-User, 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".
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Choline chloride is a vital dietary additive for healthy as well as accelerating growth of the animals such as chickens, swine, fish, and so on. It helps in building and maintaining cell structures and functions. It supports in mobilization of fat in the liver thereby avoiding fatty liver syndrome.
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).
Rising awareness of high protein diets are making consumers shift their meat choices to poultry meat than red meat. This trend is leading to growing demand for high quality poultry meat fueling the demand for choline chloride within poultry feed. Choline chloride is also increasingly used in fish and shrimp feed to accelerate growth and enhance fish yield. In ruminants, use of choline chloride in feed helps in increasing milk and meat production. Growing awareness about feed supplements in developing countries such as India, Thailand, Brazil, and Russia, is contributing in the growth of choline chloride.
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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.
Choline chloride is increasingly used as a clay stabilizer in drilling shale formations for natural gas. The boom in shale gas within North America is making this application attractive for the market players. Major players are joining forces to capture majority of the share in this new application market.
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