DUBLIN, IRELAND -- (Marketwired) -- Research and Markets (http://www.researchandmarkets.com/research/sldps7/choline_chloride) has announced the addition of the "Choline Chloride Market by End-User, and Geography - Regional Trends & Forecast to 2019" report to their offering.
Choline chloride is used as an important feed additive in animal species, especially chickens. Significant volumes of this compound are used in feed for poultry, swine, ruminant, aqua, pet, and horse. It is also known as vitamin B4 although it is required in a much higher level than vitamins. It helps to maintain cell membrane integrity and normal maturation of bone cartilages, thus preventing perosis.
Its other functions include prevention of abnormal fat accumulation, and as precursor of acetylcholine synthesis. Choline chloride is sometimes used as a supplement in human nutrition. Choline chloride is also effectively replacing potassium chloride in oil and gas industry, where it is used as a clay stabilizer. Choline chloride is environment friendly as a clay stabilizer as compared to potassium chloride.
The market is driven by the increasing demand for high yield of meat, egg, and milk products from animals (poultry, swine, and ruminants) and also with good quality, along with the huge demand from the oil and gas applications. The demand for choline chloride is also increasing in the aqua feed application as the aqua feed industry is showing high growth. The penetration of choline chloride is low in developing regions and these regions will be showing high growth in the future as awareness increases.
Asia-Pacific region dominated the market volume in 2013, globally. U.S., China, Brazil, India, and Russia are the major countries with a huge demand for choline chloride. Asia-Pacific region is also expected to show the highest growth rate of 6.4% from 2014 to 2019 for the overall market.
Big market players concentrate on expanding their geographical reach while small players are mostly regional in nature. Major players are also focusing on capturing market share in new applications by joint ventures.
The choline chloride market is anticipating high growth from low penetrated applications and regions. One of the major problems is the price fluctuation of raw materials.
The report analyzes the market on the basis of major applications, penetration of choline chloride in all regions, and every end-user market. It also covers the market behavior of leading producers, key developments, and strategies implemented to sustain and succeed in the market.
For more information visit http://www.researchandmarkets.com/research/sldps7/choline_chloride
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