Drastic rise for choline chloride demand
Choline chloride demand will reach 391.8 thousand tons by 2012, according to new report by Global Industry Analysts, Inc. Growth in poultry feed additives is one of the major drivers of this increasing demand. Swine feed additives and fish feed additives also offer significant growth opportunities.
predominantly used in animal feed additives as a principal dietary supplement in
poultry, swine feed and fish farming. The fastest growing markets are Central
and South Americas and the far Eastern countries, particularly China. As living
standards in these countries are improving steadily, poultry consumption is
being looked upon more favourably.
6% growth per
year
Consumers are increasingly shifting from red meat to white
meat. Choline chloride market is expected to grow at over 6% annually, as stated
in a recent report published by Global Industry Analysts, Inc. Consumption of
choline chloride in poultry feed additives in United States is estimated at 52.7
thousand tons for 2008. Asia-Pacific and Latin American regions offer the
highest growth opportunity for choline chloride market.
Major players in
the marketplace include Balchem Corporation, BCP Ingredients and DSM Nutritional
Products
For more details about this research report, please click here.
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