The Europe choline chloride market is accounted to US$ 152.9 Mn in 2018 and is expected to grow at a CAGR of 5.3% during the forecast period 2019 – 2027, to account to US$ 242.6 Mn by 2027.
Choline chloride is largely used as a feed additive for accelerating animal growth in which the animal feed has experienced a significant increase in the past few years. Choline chloride has also found a profound place in the oil and gas industry to be used as a clay stabilizer and has been estimated to create a significant opportunity for the choline chloride market all over the globe. Choline chloride is soluble in water as well as in alcohol which consists of deliquescent white crystals of neutral pH that makes it compatible to be consumed in the powdered or liquid form.
The Europe Choline Chloride Market is growing along with the Chemicals and Materials industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Importance of choline chloride in the human nutrition industry to favor the Europe choline chloride market
Choline chloride has been known to play an essential role in human nutrition. The deficiency of choline has been reported to be possibly causing liver damage, muscle damage, and non-alcoholic fatty liver disease. Choline is a rich source of methyl groups that are necessary for various metabolic steps in the human body. Choline in the human body is required for the synthesis of sphingomyelin and phosphatidylcholine, which are the two significant phospholipid components in the cell membrane. Choline also plays an essential role in the production of acetylcholine in human body, which is an essential neurotransmitter for muscle control, mood, memory, and nervous and brain functioning. The inclusion of choline chloride in human nutrition is also necessary as it plays a vital role in cell membrane signaling, gene expression modulation, early brain development, and lipid transport and metabolism. Thus, rising awareness regarding the importance of choline in human nutrition has led the growth of the choline chloride market.
These factors are expected to offer broad growth opportunities in the Chemicals and Materials industry and this is expected to cause the demand for Europe Choline Chloride Market in the market.
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EUROPE CHOLINE CHLORIDE MARKET SEGMENTATION
Choline Chloride Market, by End User Industry
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