Choline chloride market seems to gain immense traction on oil & gas sector

10:24 AM, 29th January 2021
Personal care application in the choline chloride industry is slated to exhibit a growth rate close to 7.5 percent through the following years, owing to the rising demand and consumption of premium soaps, shower gels and cosmetic products.

Choline chloride is largely used to offer solutions to boost the easy digestion and metabolism and its frequent use excludes the development of cumulative effects and habits, besides showing any rashes and ache. Personal care application in the choline chloride industry is slated to exhibit a growth rate close to 7.5 percent through the following years, owing to the rising demand and consumption of premium soaps, shower gels, and cosmetic products.

Rapid developments in the oil & gas sector along with a consistent need for sustainable solutions in exploration activities to enhance the brand image will boost the consumption of the compounds in the coming years. Statistics reveal that global choline chloride market size will reach a yearly valuation of $675 million by 2026.

Demand for 50 percent choline chloride is anticipated to bring significant share and is pegged to show a CAGR of 5.5 percent through 2026, taking into account their high adoption rate in the animal feed industry as the additives are easily digestible. Choline chloride uses in human nutrition, considering the superior performance and nutritive value of the ingredients in manufacturing supplements, will record $18 million in global revenue over the next few years.

Asia Pacific leads the regional choline chloride dynamics due to the incessant demand for pet adoption as well as the mounting expenditure on pet food and is expected to contribute to more than $240 million in global share through 2026. Choline chloride is mainly used in the production of food components that are suitable for cats, dogs, and aquarium fishes and is found to be compatible with solid as well as liquid delivery options to facilitate design drop solutions.

The regional market outlook is also expected to be influenced on accounts of rising population paired with surging demand for luxury food, that has in turn propelled the growth of overall poultry industry in the region.

Meanwhile, Europe and North America are also likely to emerge as next largest markets for choline chloride industry in the years to come, driven by the rising consumption of meat products. 

Human nutrition segment is projected to register a substantial valuation of more than $18 million by 2026 owing to increasing consumer inclination towards the consumption of supplements that are rich in high quality ingredients. As choline chloride is easy to digest and useful in improving metabolism, it is predominantly used in the production of such high-quality supplements. Besides, regular intake of choline chloride supplement induces cumulative effect and habit and prevents acne and rashes.

Choline chloride market from personal care application is expected to foresee a robust CAGR of 7.5 percent over the analysis timeframe. This can be attributed to heightened demand for high quality cosmetic products, soaps, shower gels etc. across the globe. Speaking of the rising demand for cosmetics, it is important to mention that global exports of skin care and cosmetic products accounted for a sizeable revenue share of $62.3 billion over the span of 2015 to 2019.

Some of the prominent companies operating in this market include Balchem, BASF SE, Sigma Aldrich, Jubilant Life sciences, Balaji Amines, Kemin Industries and several others. Recently, Balchem Corp. announced expanding its product lines of PuraChol choline chloride and KeyShure chelated minerals that hold prominence in companion animal nutrition. The company’s new PuraChol line of choline products would now be made available in multiple forms, concentrations with liquid and carrier options.

Get detailed analysis on the Choline Chloride Market: https://www.gminsights.com/request-sample/detail/3788

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Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
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