Global choline chloride market to reach 515,000 tons by 2017
Central and South America, China driving growth
The global choline chloride market is predicted to reach 515,300 tons by 2017, propelled by increasing demand as a supplement in industries such as feed for poultry, swine and fish farming, according to a report released by Global Industry Analysts Inc.
Future growth is primarily driven by the developing markets of Central and South America and the Far Eastern countries, particularly China. Rapid development of the Chinese feed industry has led to significant demand expansion for choline chloride, as the chemical is largely used as a nutrient substitute in animal feeds. China, by virtue of being the most populous country and one of the rapidly developing economies in the world, offers substantial scope for development, particularly in the broiler and swine feed markets. By end-use, the poultry feed segment constitutes the largest and fastest growing market, driven by surging demand for methionine, widely used as poultry feed additive.