Not many developments were seen in the choline chloride market as it is a small part of the feed market and most compound feed producers never had much focus on it. However, there were some new product launches in the ruminant feed segment as the new encapsulation technology came up. Balchem Corporation is the strongest player in the market with significant capacity expansion in the recent years. Recently, the company entered into a production joint venture with Taminco to build a world scale production facility in the U.S. Both the companies are increasingly focusing on the oil and gas application.Get Pdf File - http://www.micromarketmonitor.com/contact/6991317532-download_pdf_brochure.html
Choline chloride is an organic compound. It is used in the animal feed additive. It is mainly related with the metabolism and act as methyl donor. It builds and maintains cell structure and function. It is very essential for growing animal and its feed intake helps in preventing perosis, conditions like fatty liver syndrome, etc. Apart from animal feed additive, choline chloride market also finds application in human nutrition and as a clay stabilizer in oil and gas industry.
The factors driving growth in the choline chloride market are increasing consumption of poultry meat and egg, growing demand for meats in the Asia-Pacific region, and increasing awareness for feed supplements among the end-users. The market is anticipated to experience huge growth due to enormous potential offered by these drivers.