The global choline chloride market is valued at US$789.721 million in 2024 and is expected to grow at a CAGR of 5.14% to reach a market size of US$1.10 billion in 2029.
Choline chloride is an essential organic compound mainly related to metabolism and acts as a methyl donor. It helps in building and maintaining cell structure and cell functioning. It plays a vital role in the nutrition of growing animals by preventing diseases such as pyrosis, fatty liver syndrome, and others. Choline chloride is termed an essential factor in human nutrition. It also has applications in the oil and gas industry as a clay stabilizer. This market’s growth worldwide is predicted to be driven by the increasing demand for meat consumption, such as poultry meat and eggs, and rising awareness towards nutritional feed supplements among ranchers, farmers, and animal feed retailers.
However, the threat of the spread of diseases such as swine flu and the increase in the vegan population is expected to restrict meat consumption. This is projected to hinder the choline chloride market’s growth.
North America is also expected to grow steadily during the forecast period owing to the growing demand for organic-based nutritional animal feed in countries like the United States and Canada. For instance, the United States is home to over 5,650 animal food production plants that produce over 284 million tonnes of pet food and finished feed annually.
Choline chloride is an essential organic compound mainly related to metabolism and acts as a methyl donor. It helps in building and maintaining cell structure and cell functioning. It plays a vital role in the nutrition of growing animals by preventing diseases such as pyrosis, fatty liver syndrome, and others. Choline chloride is termed an essential factor in human nutrition. It also has applications in the oil and gas industry as a clay stabilizer. This market’s growth worldwide is predicted to be driven by the increasing demand for meat consumption, such as poultry meat and eggs, and rising awareness towards nutritional feed supplements among ranchers, farmers, and animal feed retailers.
However, the threat of the spread of diseases such as swine flu and the increase in the vegan population is expected to restrict meat consumption. This is projected to hinder the choline chloride market’s growth.
GLOBAL CHOLINE CHLORIDE MARKET DRIVERS:
- The growing awareness of the nutritional animal feed supplement among end-users is a prominent factor that contributes to the choline chloride market worldwide. The introduction of various advanced technologies in the last few years has led many farmers to practice animal husbandry as an economic source. The increasing awareness of the consumption of dairy products among millennials has led to the growth in dairy farming. Dairy is the largest agricultural commodity in India, contributing 5% of the country's economy. To sustain and increase productivity, it is essential to use nutritional supplements for dairy farming.
GLOBAL CHOLINE CHLORIDE MARKET GEOGRAPHICAL OUTLOOK:
- Asia Pacific’s choline chloride market is anticipated to grow significantly.
North America is also expected to grow steadily during the forecast period owing to the growing demand for organic-based nutritional animal feed in countries like the United States and Canada. For instance, the United States is home to over 5,650 animal food production plants that produce over 284 million tonnes of pet food and finished feed annually.
Reasons for buying this report::
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The global choline chloride market is segmented and analyzed as follows:
- By Form
- Powder
- Liquid
- By Application
- Animal Feed
- Human Nutrition
- Pet Food
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of the Middle East and Africa
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
- North America
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GLOBAL CHOLINE CHLORIDE MARKET BY FORM
6. GLOBAL CHOLINE CHLORIDE MARKET BY APPLICATION
7. GLOBAL CHOLINE CHLORIDE MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this Global Choline Chloride Market report include:- Meden Pharma Pvt. Ltd.
- Eastman
- Jubilant Ingrevia Ltd.
- BTC Europe (BASF)
- Parchem Fine & Specialty Chemicals
- Liaoning Biochem Co., Ltd.
- NB Group Co., Ltd.
- Foodchem International Corporation
- Kemin Industries
- Balchem Inc,
- Kanto Chemical Co., Ltd.
- Simson Pharma Limited
Methodology
LOADING...