PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299741
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299741
Choline bitartrate market size was valued at USD 490.7 Million in 2022, expanding at a CAGR of 7.8% from 2023 to 2030.
Choline bitartrate is a combination of tartaric acid salt and choline and is an active medical component. It absorbs easily as compared to pure choline, which is essential for human nutrition. Additionally, chemically it is connected to the vitamin B group. Choline bitartrate and rest choline supplements are used to protect the liver from the effects of alcohol, lower cholesterol, lower blood pressure, increase athletic performance, improve memory, treat Alzheimer's disease, and moderate mood swings.
Rising demand for fortified food & beverages, increasing demand for infant formula, and other health benefits of choline bitartrate are such factors that drive the global choline bitartrate market growth. Additionally, a rise in inclination toward preventive health care and increasing awareness concerning essential nutrition is projected to stimulate the demand for choline bitartrate over the forecast period. However, government stringent regulation for manufacturing infant formula and increasing inclination toward natural food products are such restraining factors that may hamper the market growth.
Moreover, rising consumer health awareness is increasing the demand for chlorine bitartrate worldwide. Furthermore, it is utilized in the healthcare sector in the treatment of various diseases such as depression, heart problems, chronic disease, and age-related memory problems. The COVID-19 pandemic has affected the choline bitartrate market positively. After the development of COVID-19, the demand for choline bitartrate increased in pharmaceuticals, baby food, animal feed, end-use sectors, and dietary supplements.
The global choline bitartrate market is segmented on the basis of product type, packaging, application, and region.
The market is divided into three categories based on product type: L type, D type, and DL type. The L type sector is expected to possess the market. It is largely used in the manufacturing of capsules, tablets, and powders. In addition, owing to the rise in absorption rate and maintenance of cellular structure it is used in the nutraceuticals and pharmaceuticals industry.
The market is divided into seven categories based on packaging: bulk packaging, plastic snacks, drums, retail packaging, glass bottles, pet bottles, and plastic pouches. The plastic pouches sector is expected to hold the largest market share. Owing to plastic pouches benefits such as in food & beverages and personal care products.
The market is divided into three categories based on application: animal feed, dietary supplements, and infant formula. The infant formula sector is likely to maintain its dominance during the forecast period. It contains a variety of nutrients such as vitamins, minerals, fats, carbohydrates, and proteins.
Market players are focusing on primary techniques to strengthen and enlarge their market share including R&D spending, mergers and acquisitions, new product launches, and distribution network development. Companies are selling their product through various channels such as e-commerce websites, distributors, corporate websites, end consumers, and retailers. Additionally, it is an important nutrient ingredient that is used in humans as a supplement. For instance, in January 2021, Balchem Corporation, acquires Bergstrom Nutrition, a leading science-based manufacturer of methylsulfonylmethane (MSM). MSW is a largely used nutritional ingredient with strong strong scientific evidence supporting its benefits for sports nutrition, skin & beauty, healthy aging, pet health, and joint health.
This proposed research study on choline bitartrate market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for choline bitartrate market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the choline bitartrate market.
Impact of COVID-19 on choline bitartrate market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on choline bitartrate market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the choline bitartrate market, we have also included competitive landscape and key innovator analysis for the choline bitartrate market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the choline bitartrate market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global choline bitartrate market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
The scope of this report covers the market by its major segments, which include as follows: