Choline Chloride Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Choline Chloride Market Analysis
During the time frame of the forecast, the market for choline chloride is expected to grow at a CAGR of more than 4%.
The COVID-19 pandemic had both short- and long-term effects on the pork industry, in terms of production and processing. As the transportation of animals falls under government control, the lockdown has brought many pig processing industries to a complete halt. However, the market started to grow in 2021 as several restrictions were removed, and today it is expected to continue growing during the forecast period.
- The major factor driving the growth of the market is the increasing demand from the poultry industry. Also, the fact that choline chloride is important for a healthy nervous system, brain development, muscle movement, a better metabolism, and a liver that works well is likely to make it more popular as a supplement in the human nutrition industry.
- On the flip side, animal disease outbreaks remain the most significant risk to the choline chloride market.
- The ongoing research on using choline chloride as a clay stabilizer in the oil and gas industry, the purification of biodiesel with choline chloride-based deep eutectic solvents (DES), and the commercial production of Russian shale oil using choline chloride are all expected to help the studied market grow.
- The Asia-Pacific region was the biggest market for choline chloride, and it is expected to remain the biggest market during the forecast period.
Choline Chloride Market Trends
This section covers the major market trends shaping the Choline Chloride Market according to our research experts:
High Demand from Poultry Feed Segment
- Choline chloride is used as a vital additive for various animal feed, particularly chicken feed. Choline, also chemically known as 2-hydroxyethyl-trimethyl ammonium hydroxide, is denoted as vitamin B4. Choline helps in the prevention of conditions, such as perosis and liver enlargement in chickens.
- Its nutritional importance is a common dietary supplement for livestock and poultry. The main function of choline is to act as a lipotropic agent and prevent abnormal fatty infiltration in the liver (fatty liver syndrome). This guarantees proper metabolism of the body and effective utilization of nutrients.
- Moreover, choline chloride also helps in the formation of an excitatory neurotransmitter-acetylcholine, which is accountable for the proper functioning of the nervous system. Furthermore, the rising incidences of animal diseases have led to the increased use of choline chloride in animal feed in various regional markets.
- According to the United Nations Food and Agriculture Organization (FAO), by 2050, the demand for food is estimated to grow by 60%. Moreover, between 2010 and 2050, the production of animal protein is expected to increase by 1.7% and of dairy by 55%, approximately.
- According to the OECD-FAO Agricultural Outlook 2022-2031, it is anticipated that by 2031, the availability of protein in meat from poultry, hog, cattle, and sheep would increase by 16%, 17%, 8%, and 16%, respectively, globally. According to the projections, poultry meat will make up 47% of all meat-based protein ingested, followed by pig, sheep, and bovine as compared to the period 2019-2022.
- Overall, all the aforementioned factors have established that there is a high demand for poultry feed, which is further expected to positively affect the choline chloride market.
China to Dominate Asia-Pacific Market
- China's livestock industry has expanded rapidly in recent years as diets shift toward more animal proteins. At present, China is the world's largest producer of livestock products and the largest manufacturer of animal feed.
- The OECD-FAO Agricultural Outlook 2022-2031 also stated in its report that the total production of poultry meat in China in the year 2021 was 21,448 kilotons, which is expected to surpass 24,000 kilotons in 2031. On the other side, the total consumption of poultry meat in China in 2021 was about 22,318 kilos, which is also expected to increase at a gradual rate due to the shift towards more protein-rich animals in recent years.
- According to the China Feed Industry Association, the total industrial feed output in China during the first half of 2022 is estimated to be around 136 million tons. The major share of the total industrial feed output is swine feed, which makes up around 61 million metric tons, or approximately 48% of the total, followed by meat-type poultry feed.
- Such a large market size shows how big the market for animal feed additives is. This can be linked to the fact that there is a big market for choline chloride in the country.
- China has made breakthroughs in shale gas exploration, both in terms of capacity and drilling techniques, making it one of the world's top shale gas suppliers. Because the country had such a strong position in the shale gas market, there was a huge demand for hydraulic fracturing, which led to a huge demand in the country's choline chloride market.
- With support from the animal feed, pet food, and shale gas industries, it is expected that the domestic market demand for choline chloride will grow quickly in the time after the pandemic.
Choline Chloride Industry Overview
The global choline chloride market is partially consolidated, with the top players holding a moderate share of the total market. Major investments are directed toward product line expansions to cater to the increasing demand across the globe. Some of the major players in the market include (not in particular order) Imperial Group Limited, GHW International, Eastman Chemical Company, Balchem Inc., and BASF SE, amongst others.
Choline Chloride Market Leaders
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Eastman Chemical Company
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BASF SE
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IMPERIAL GROUP LIMITED
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GHW International
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Balchem Inc.
*Disclaimer: Major Players sorted in no particular order
Choline Chloride Market News
- October 2022: Methanol Chemicals Company (Chemanol) signed an agreement worth nearly USD 1.33 million with Saudi GDI for the production of specialty chemicals that include choline chloride as well as methyl diethanolamine.
- January 2021: Balchem, a leading producer of choline products for use in animal nutrition, launched a new line of choline chloride products for Europe, the Middle East, Africa, and Asia.
Choline Chloride Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Rapidly Growing Demand from the Poultry Industry
- 4.1.2 Increased Intake as Human Nutrition Supplements
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4.2 Restraints
- 4.2.1 Animal Disease Outbreaks
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Application
- 5.1.1 Poultry Feed
- 5.1.2 Swine Feed
- 5.1.3 Pet Feed
- 5.1.4 Human Nutrition
- 5.1.5 Oil and Gas
- 5.1.6 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ALGRY Quimica, SL
- 6.4.2 BALAJI AMINES
- 6.4.3 Balchem Inc.
- 6.4.4 BASF SE
- 6.4.5 Chemanol
- 6.4.6 Eastman Chemical Company
- 6.4.7 GHW International
- 6.4.8 Impextraco NV
- 6.4.9 IMPERIAL GROUP LIMITED
- 6.4.10 Kemin Industries, Inc.
- 6.4.11 Liaoning Biochem Co. Ltd
- 6.4.12 Merck KGaA
- 6.4.13 Muby Chemicals of Mubychem Group
- 6.4.14 NB Group Co. Ltd.
- 6.4.15 Neobiótica SA
- 6.4.16 SDA Products
- 6.4.17 Spectrum Chemical
- 6.4.18 Tokyo Chemical Industry
- 6.4.19 Thermo Fisher Scientific Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Purification of Biodiesel with Choline Chloride-Based Deep Eutectic Solvents (DES)
- 7.2 Commercial Production of Russian Shale Oil
- 7.3 Usage of Choline Chloride as a Clay Stabilizer in Oil & Gas Industry
Choline Chloride Industry Segmentation
Choline chloride makes a vital nutrient for poultry animals and is majorly consumed as poultry feed. It serves as a methyl donor and is a feed supplement. The purpose of choline chloride is to protect chickens from ailments including perosis and hepatic hypertrophy. Choline chloride's primary functions are to act as a lipotropic agent and to prevent aberrant liver fatty penetration (fatty liver syndrome), which helps to maintain a healthy body's metabolism.
The choline chloride market is segmented by application and geography. By application, the market is segmented into poultry feed, swine feed, pet feed, human nutrition, oil and gas, and other applications. The report also covers the market sizes and forecasts for the choline chloride market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).
| Application | Poultry Feed | |
| Swine Feed | ||
| Pet Feed | ||
| Human Nutrition | ||
| Oil and Gas | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Choline Chloride Market Research FAQs
What is the current Global Choline Chloride Market size?
The Global Choline Chloride Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Global Choline Chloride Market?
Eastman Chemical Company, BASF SE, IMPERIAL GROUP LIMITED, GHW International and Balchem Inc. are the major companies operating in the Global Choline Chloride Market.
Which is the fastest growing region in Global Choline Chloride Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Choline Chloride Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Choline Chloride Market.
What years does this Global Choline Chloride Market cover?
The report covers the Global Choline Chloride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Choline Chloride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Choline Chloride Industry Report
Statistics for the 2024 Choline Chloride market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Choline Chloride analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
