#Choline #Chloride #Market #Size #Worth #Million
Portland, OR, Sept. 30, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global choline chloride market was estimated at $494.4 million in 2021 and is expected to hit $916.9 million by 2031, registering a CAGR of 6.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $494.4 Million |
| Market Size in 2031 | $916.9 Billion |
| CAGR | 6.4% |
| No. of Pages in Report | 318 |
| Segments Covered | Form, Application, and Region. |
| Drivers | Rise in use of choline chloride in industries such as personal care and pharmaceutical |
| Opportunities | Choline chloride has high cation load content making it viable to be used across human nutritional products such as beverages, dairy products, supplementary diet foods, and other nutritional products |
| Restraints | Several side effects associated with excessive use of human nutritional products containing choline chloride |
Covid-19 Scenario-
- Several key companies such as BASF SE, Solvay, and others had witnessed decline in sales for their chemical segments amidst the pandemic.
- However, growing awareness for hygiene & sanitization had heightened the consumption of choline chloride in industries such as chemical, food & beverages, and healthcare, thus providing a mixed impact to the market altogether.
The global choline chloride market is analyzed across form, application, and region. The report takes in an exhaustive analysis of segments and their…
Read on GNW: Choline Chloride Market Size Worth $916.9 Million by 2031 |
