Choline Chloride Market Analysis: Prices, Index, Trends, and Forecast by Procurement Resource
In H1’23, the choline chloride market in Asia experienced fluctuations. Despite the easing of COVID restrictions and improved supply chains, prices declined due to weak user demand and sufficient product supply. In Europe, the market showed mixed trends. Initially, prices rose with high-priced imports from Asia and positive demand outlook. However, subsequent months saw declining demand and insufficient feedstock support, pushing prices into the negative zone. North America’s choline chloride market also moved downward, influenced by reduced offtakes, ample product availability, and feeble trading activities, even with imports from Asian countries unable to boost the price trend.
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Definition
Choline chloride is an essential organic compound with the chemical formula (CH3)3NCH2CH2OH⋅HCl. It is a water-soluble, quaternary ammonium salt and a vital nutrient for various biological processes. Choline chloride plays a crucial role in brain development, nerve function, and fat metabolism. It is commonly used as a feed additive in the animal husbandry industry, especially in poultry, swine, and aquaculture, to promote growth, improve metabolism, and support liver function. Choline chloride is also used in dietary supplements and functional foods for human nutrition to ensure an adequate intake of this important nutrient.
Key Details About the Choline chloride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on choline chloride price forecast in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The choline chloride Price chart, including India choline chloride price, USA choline chloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Choline Chloride Price Trend:
Choline chloride has several important industrial applications due to its essential nutrient properties and chemical versatility. In the animal husbandry industry, choline chloride is widely used as a feed additive for poultry, swine, and aquaculture to promote growth, improve metabolism, and enhance liver function. It plays a vital role in the formulation of animal feed to ensure optimal health and productivity. Choline chloride is also used in the pharmaceutical industry for certain formulations and medications. Additionally, it finds application in the manufacturing of dietary supplements and functional foods for human nutrition, supporting brain development, nerve function, and overall well-being. Its diverse industrial uses underscore its significance in promoting both animal and human health.
Key Players:
- Eastman chemical company
- BASF SE
- Imperial Group Limited
- GHW International
- Balchem Inc
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