Choline bitartrate Market By Type (DL, D, L), By Application (Pharmaceutical and Nutritional Supplement, Food and beverage, Baby Food, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global choline bitartrate market was valued at $410.2 million in 2021, and is projected to reach $736.2 million by 2031, registering a CAGR of 6.1% from 2022 to 2031.
Choline bitartrate is an active pharmaceutical ingredient produced from a mixture of tartaric acid and choline. It has a better absorption rate than pure choline and is widely available in two different types such choline l-bitartrate and choline dl-bitartrate. It plays a crucial role in lipid transportation, healthy metabolism, supports cell membrane, DNA synthesis, and early brain development. It is utilized in producing organic and fortified organic baby foods as they enhance visuospatial memory in a child. It is used in various health-related problem and is widely used in poultry and animal feed, baby food, pharmaceutical & nutritional supplement, and food & beverage.
In recent years, there is rising demand for infant formula due to the surge in the baby boomers population, rapid urbanization, rising disposable income of people in developing countries, and increasing female participation in the labor force. According to Vitafoods Insights, infant formula sales is predicted to witness substantial growth via e-commerce, and starting milk formulas are anticipated to hold around 45% of global demand. Infant formula sales will continue to grow due to its growing acceptance as a viable breastmilk alternative. Further, during 2019-2026, the global infant formula market is projected for noteworthy growth at a 10% CAGR. Moreover, according to Agricultural Marketing Service U.S. DEPARTMENT OF AGRICULTURE (AMS USDA), choline salts are allowable in infant formula in Canada, listed under Division 25 (B.25.054(1)(a)(vii)) of the Food and Drug Regulations. Choline salts are allowable in organic counterparts of these food products by virtue of their necessity by legal requirement, according to Organic Production Systems General Principles and Management Standards (CAN/CGSB‐32.310‐2006) and Organic Production Systems Permitted Substances List (CAN/CGSB‐32.311‐2006). Further, choline salts are an acceptable form of choline in infant formula and baby food in European Union, according to Commission Directive 2006/141/EC, Commission Directive 2006/125/EC. They are also allowed in the category of “foods for particular nutritional uses” (Commission Regulation 953/2009, Commission Directive 2009/39/EC). Choline salts are allowable in organic counterparts of these food products by virtue of their necessity by legal requirement, according to European Commission Regulation 889/2008. Thus, the growing demand for infant formula is anticipated to propel the demand for choline bitartrate during the forecast period. However, growing inclination towards natural food products and stringent regulation for manufacturing infant formula may hamper the steady growth of the market. Nonetheless, the growing use of choline bitartrate in healthcare to treat numerous diseases and its use in poultry and animal feed is anticipated to create lucrative opportunities for the growth of the choline bitartrate market.
The choline bitartrate market is classified into type, application, and region. On the basis of type, the market is segmented into DL, D, and L. On the basis of application, the market is divided into pharmaceutical & nutritional supplement, food & beverage, baby food, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among the regions, North America held the highest share of the global choline bitartrate market in 2021 owing to increase in demand for baby food and infant formula products. Further, the rise in sales of dietary supplements owing to the hectic routines and stress level of the consumers is anticipated to propel the choline bitartrate market growth during the forecast period.
The key players operating in the global choline bitartrate market include Balchem Inc.; Celtic Chemicals Ltd; Cepham Life Sciences; Fengchen Group Co.,Ltd; Glentham Life Sciences Ltd; MP Biomedicals; Nutragreenlife Biotechnology Co.,Ltd; NutriScience Innovations, LLC; Puyer Group; and TOKYO CHEMICAL INDUSTRY CO., LTD. These companies compete for the share of the market through product launch, joint venture, partnership, and expansion of the production capabilities to meet the future demand for the choline bitartrate market during the forecast period.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the choline bitartrate market analysis from 2021 to 2031 to identify the prevailing choline bitartrate market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the choline bitartrate market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global choline bitartrate market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
DL
D
L
By Application
Baby Food
Others
Pharmaceutical and Nutritional Supplement
Food and beverage
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Rest of LAMEA
Brazil
Saudi Arabia
South Africa
Key Market Players
Balchem Inc.
Celtic Chemicals Ltd
Cepham Life Sciences
Fengchen Group Co.,Ltd
Glentham Life Sciences Ltd
MP Biomedicals
Nutragreenlife Biotechnology Co.,Ltd
NutriScience Innovations, LLC
Puyer Group
TOKYO CHEMICAL INDUSTRY CO., LTD.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook