Choline Chloride Market 2019 by industry trends, statistics Choline Chloride Market | Page 2

North America choline chloride market demand led by U.S. and Canada should
witness a significant growth during forecasted period. Changing consumer inclination
towards different cuisines and stringent marketing campaigns to promote meat
products may foster the demand for meat products thereby driving the market growth.
According to U.S. Census data and Simmons National Consumer Survey (NHCS),
over 120 million people in U.S. consumed beef jerky and meat snacks in 2018.
Europe driven by UK, Germany, France, and Italy choline chloride market may witness
moderate growth during forecasted period. Choline chloride is widely in manufacturing
dietary supplements for brain health, as well as for transmission of neurons between
muscle joints owing to acetylcholine regulating properties of the products which may
stimulate market share. In Sweden, the market for dietary supplements was over USD
300 million in 2017 owing to rising consumer awareness related to importance of
consumption of supplements to maintain daily nutrition level.
Global choline chloride market share is fragmented as market consist of many players.
Companies such as Kemin Industries, Sigma Aldrich, BASF SE, Jubilant Life
Sciences, NB Group, Balchem, A & C, Havay Chemicals, Be-Long, Taminco, Algry
Quimica SI, Balaji Amines, and Pestell Minerals & Ingredients are key players
operating in market.
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