According to Acumen Research & Consulting, the Global Choline Bitartrate Market size is estimated to grow a CAGR above 6% over the forecast timeframe and reach a market value of around USD 690million by 2030.
Choline is a necessary nutrient found in animals and plants that can also be obtained as a dietary supplement.It is a rich source of nutrients and a precursor to acetylcholine, a neurotransmitter that is essential for memory-related neurological function. It is also known as choline bitartrate, choline citrate, and choline chloride. Choline bitartrate is an organic compound formed by the combination of choline and tartaric acid salt. Choline bitartrate facilitates the inhibition of both human and animal liver enlargement. Additionally, it is an essential nutrient ingredient that is also used as a supplement in humans. It is important in the treatment of mental health disorders, anxiety, and a few other essential functions. It can help to cell proliferation and differentiation, as well as cell membrane signaling in humans, which aids in the prevention of chronic diseases, depression, age-related memory problems, and heart problems. Choline bitartrate is in high demand as a growth inhibitor in the poultry and fish feed industries.
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Global Choline Bitartrate MarketGrowth Aspects
Choline bitartrate has a high nutritional value and helps to improve overall health. Furthermore, rising health consciousness and consumer awareness of healthy nutritional products are driving demand for the market during the forecasting period. During the COVID 19 pandemic, production plants and factories were forced to close, hampering choline bitartrate market production facilities significantly. On the other hand, Pharmaceuticals, nutritional supplements, and food and beverages were deemed essential resources, with production continuing as a precautionary measure during epidemics. This factor raises the prospect of overall market growth.
Furthermore, the rising acceptance of choline bitartrate in dietary supplements, infant formula, and fortified food and beverage industries are supposed to drive choline bitartrate market demand. Rising nutrition awareness and a stronger reliance on preventive medicine will drive demand for choline bitartrate in the coming decades. Besides that, the growing consumer preference for natural ingredients is impeding the market growth.
Increasing demand for infant formulations is expected to drive market demand
Infant formula contains a variety of nutrients, including fats, vitamins, proteins, minerals, carbohydrates, and others, that are fed to newborns to aid in their overall developmental process. Although doctors recommend preferential breastfeeding for newborns under six months old, infant formula could be used as a substitute because it contains similar nutrient content. The rise in the number of mothers working from offices is the primary driver of the market. Moreover, an increase in the middle-class population, changes in lifestyle, an increase in disposable income in developing countries such as India, Japan, and Indonesia, as well as increasing prevalence of the high nutritive value of infant formula, drive market growth.
Regional Overview
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global choline bitartrate market.The Asia-Pacific region is expected to be the largest market for choline bitartrate during the forecast period. Increased female workforce participation, increased disposable income, a hectic lifestyle, and rising living standards in countries such as India, China, the Philippines, Indonesia, and South Korea drive growth in the region's choline bitartrate market. During the forecasted timeframe, China is expected to dominate the market in terms of both revenue and volume, accounting for the majority of the Asia-Pacific region's share. Furthermore, the increased demand for various nutritional supplements, juice drinks, and other food and beverages among athletes fueled the growth of the Asia-Pacific choline bitartrate market. Similarly, the rising incidence of chronic diseases necessitates the use of nutraceuticals and other essential nutritional supplements, which drives regional market expansion. Additionally, cohesive government strategies to support personalized nutrition consumption, rising expendable income, and rising demand for nutritional supplements are some of the other factors driving the Asia-Pacific market's growth.
Market Segmentation
The global choline bitartratemarket has been segmented by Acumen Research and Consulting based ontype, and application. Based on the type, the market is divided into DL-type, L-type, and D-type. Based on application, the market split into pharmaceutical & nutritional supplement, baby food, food & beverage, and others.
Major Players
The choline bitartrate market's manufacturers are constantly investing in research and development to improve the quality and transparency of their products. Through joint ventures, major players are also focusing on gaining a share of the market in new applications.
Somekey players covered global in the choline bitartrate industry are Balchem Inc, Cepham Life Sciences, Aurora Fine Chemicals LLC, Salvi Chemical Industries Ltd, Alfa Aesar, AK Scientific Inc., Arochem Industries, Jinan Pengbo Biotechnology Co., Ltd., Finetech Industry Limited, NutriScience Innovations, LLC, Glentham Life Sciences Limited, and TCI Chemicals (India) Pvt. Ltd.
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