Bourgeoning Demand for Animal Feed to Drive Choline Market Past US$ 3.21 Billion by 2032

NEW YORK, July 14, 2022 /PRNewswire/ -- The global choline market size reached a valuation of US$ 1.71 billion in 2022. With rising application of choline in animal feed and dietary supplements, the overall choline sales are slated to grow at a CAGR of 6.5% between 2022 and 2032, totaling US$ 3.21 billion by 2032. NEW YORK,July 14, 2022/PRNewswire/ -- The global choline market size reached a valuation ofUS$ 1.71 billionin 2022. With rising application of choline in animal feed and...

NEW YORK, July 14, 2022 /PRNewswire/ -- The global choline market size reached a valuation of US$ 1.71 billion in 2022. With rising application of choline in animal feed and dietary supplements, the overall choline sales are slated to grow at a CAGR of 6.5% between 2022 and 2032, totaling US$ 3.21 billion by 2032.

Choline is an essential nutrient for proper functioning of human and animal bodies. It plays a key role in regulating memory, mood, and muscle control, preserves structural integrity of cells, and performs several other functions in the human body.

Although humans can produce choline endogenously in the liver, the amount that body naturally synthesizes is not sufficient to meet human needs. As a result, people consume choline rich foods or supplements to meet this demand.

Rising adoption of choline in manufacturing various supplements coupled with increasing consumption of dietary supplements is a key factor triggering the growth in choline market.

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Similarly, rapid expansion of animal farming industry and increasing need for improving the quality and quantity of meat is expected to boost the growth of choline market during the forecast period.

Choline is being increasingly used as a feed additive in animal feeds as it helps to promote health of animals and prevents the acquisition of various diseases. According to the International Feed Industry Federation (IFIF), world compound feed production is estimated to be over one 1 billion tonnes annually and this number is expected to surge further due to growing food demand. Driven by this, choline sales are likely to increase at a robust pace during the forthcoming years.

In addition to this, rising adoption of choline in infant foods and several other applications will further expand the global choline market size in the future.

Demand for choline is particularly high in the supplements industry due to increased spending on health supplements, growing popularity of preventive healthcare, and introduction of various new choline-based supplements. Fact.MR predicts the supplements segment to exhibit robust growth over the forecast period.

Regionally, North America remains at the top of the ladder accounting for over 1/3 share of the global choline market in 2022. Growth in North American choline market is driven by rapid expansion of animal feed industry, increasing consumption of dietary supplements, and presence of leading choline manufacturers.

Key Takeaways:

Growth Drivers:

Restraints:

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Competitive Landscape:

Leading choline manufacturers are constantly expanding their product portfolios by introducing new products. Besides this, they are establishing partnerships and joint ventures to meet the rising end user demands.

For instance,

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More Valuable Insights on Choline Market

In the latest study, Fact.MR offers a 360-degree view of the global choline market for the forecast period of 2022 to 2032. The report also highlights key factors such as recent developments and growth drivers influencing sales in the choline market through detailed segmentation as follows:

Product:

Application:

Region:

Key Questions Covered in the Choline Market Report

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