PUBLISHER: Allied Market Research | PRODUCT CODE: 1140148
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140148
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.
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Key Market Segments
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