Global Choline Chloride Market to Reach 703.8 Thousand Tons by 2027
Amid the COVID-19 crisis, the global market for Choline Chloride estimated at 543.6 Thousand Tons in the year 2020, is projected to reach a revised size of 703.8 Thousand Tons by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Poultry Feed, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach 565.9 Thousand Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Swine Feed segment is readjusted to a revised 1.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at 146.6 Thousand Tons, While China is Forecast to Grow at 6.9% CAGR
The Choline Chloride market in the U.S. is estimated at 146.6 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 150.2 Thousand Tons by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Other Applications Segment to Record 2.5% CAGR
In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 24.2 Thousand Tons in the year 2020 will reach a projected size of 28 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 99.1 Thousand Tons by the year 2027, while Latin America will expand at a 3.3% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 159-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Algry Quimica
- Balaji Amines Ltd.
- Balchem Corporation
- BASF SE
- Be-Long Corporation
- Eastman Chemical Company
- Hebei Dayang Animal Healthcare Foods Co., Ltd.
- JJ Choline Limited
- Kemin Industries
- NB Group Co., Ltd.
- Pestell Minerals & Ingredients
- UAB Eksma Trade