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Global Choline Chloride Market to reach USD 864 Million by the end of 2030

Global Choline Chloride Market Size study & Forecast, by Form (Powder, Liquid), by Application (Animal Feed, Oil & Gas, Human Nutrition, Personal Care, Pharmaceuticals, Others) and Regional Analysis, 2023-2030

Product Code: CMAM-44736099
Publish Date: 10-08-2023
Page: 200

Global Choline Chloride Market is valued approximately USD 526 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2023-2030. Choline chloride is an organic compound which belongs to the fourth-order ammonium salt, it is colorless in its liquid form. It is an organic compound and belongs to the group of B-vitamins. Choline chloride is a white crystalline powder that is highly soluble in water. It has a slightly fishy odor. Choline chloride is an essential nutrient for various organisms, including humans, animals, and plants. It plays a vital role in various physiological processes in the body. Choline chloride is involved in the synthesis of phospholipids, which are essential components of cell membranes. It also serves as a precursor for the neurotransmitter acetylcholine, which is involved in nerve signal transmission. The market drivers that are boosting the growth of the market are increasing consumption of poultry meat and growing animal feed industry.

According to the Statista, it is expected that approximately 153.85 metric kilotons of poultry meat will be consumed worldwide by 2031. Increasing demand from poultry feed segment is also boosting the growth of the market. According to the OECD-FAO Agricultural Outlook 2022-2031, the availability of protein in meat from pork, cattle, sheep, and poultry is predicted to rise by 16%, 17%, 8%, and 16%, respectively, by 2031. In comparison to the period from 2019 to 2022, it is predicted that poultry meat will account for 47% of all meat-based protein consumed, followed by pig, sheep, and bovine. The rising animal feed industry also contributes majorly in the growth of the market as according to the International Feed Industry Federation (IFIF), the annual global commercial feed manufacturing turnover exceeds USD 400 billion. Moreover, technological advancements in choline chloride production and investment in R&D activities may create lucrative opportunities for the market. However, the high risk of diseases outbreaks in animals and price volatility of raw materials stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Choline Chloride Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the factors such as growing pharmaceutical industry for drug manufacturing, technological advancements and new product launches. However, Asia Pacific is expected to grow significantly during the forecast period, due to a rise in demand from the meat, egg, and poultry industries. During the forecast period, the region’s choline chloride market would develop due to the increasing demand from end-use industries.

Major market player included in this report are:
Balaji Amines Ltd.
Eastman Chemical Company
Jubilant Ingrevia Limited
Merck KGaA
Nuproxa Switzerland Ltd.
Imperial Group Limited
Muby Chemicals of Mubychem Group
GWH International
ALGRY Quimica, SL
Liaoning Biochem Co. Ltd.

Recent Developments in the Market:
Ø In October 2022, Methanol Chemicals Company (Chemanol) and Saudi GDI signed an agreement of almost USD 1.33 million for the production of specialized chemicals including methyl diethanolamine and choline chloride.
Ø In January 2021, Balchem, a major manufacturer of choline products for use in animal nutrition, launched a new line of choline chloride products for use in Europe, the Middle East, Africa, and Asia.

Global Choline Chloride Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Form, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:
By Application:
Animal Feed
Oil & Gas
Human Nutrition
Personal Care

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Choline Chloride Market, by Region, 2020-2030 (USD Million)
1.2.2. Choline Chloride Market, by Form, 2020-2030 (USD Million)
1.2.3. Choline Chloride Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Choline Chloride Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Choline Chloride Market Dynamics
3.1. Choline Chloride Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing consumption of poultry meat Growing animal feed industry
3.1.2. Market Challenges High risk of animal disease outbreaks Price volatility of raw materials
3.1.3. Market Opportunities Technological advancements in Choline Chloride production Investment in R&D activities
Chapter 4. Global Choline Chloride Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Choline Chloride Market, by Form
5.1. Market Snapshot
5.2. Global Choline Chloride Market by Form, Performance – Potential Analysis
5.3. Global Choline Chloride Market Estimates & Forecasts by Form 2020-2030 (USD Million)
5.4. Choline Chloride Market, Sub Segment Analysis
5.4.1. Powder
5.4.2. Liquid
Chapter 6. Global Choline Chloride Market, by Application
6.1. Market Snapshot
6.2. Global Choline Chloride Market by Application, Performance – Potential Analysis
6.3. Global Choline Chloride Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Choline Chloride Market, Sub Segment Analysis
6.4.1. Animal Feed
6.4.2. Oil & Gas
6.4.3. Human Nutrition
6.4.4. Personal Care
6.4.5. Pharmaceuticals
6.4.6. Others
Chapter 7. Global Choline Chloride Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Choline Chloride Market, Regional Market Snapshot
7.4. North America Choline Chloride Market
7.4.1. U.S. Choline Chloride Market Form breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Choline Chloride Market
7.5. Europe Choline Chloride Market Snapshot
7.5.1. U.K. Choline Chloride Market
7.5.2. Germany Choline Chloride Market
7.5.3. France Choline Chloride Market
7.5.4. Spain Choline Chloride Market
7.5.5. Italy Choline Chloride Market
7.5.6. Rest of Europe Choline Chloride Market
7.6. Asia-Pacific Choline Chloride Market Snapshot
7.6.1. China Choline Chloride Market
7.6.2. India Choline Chloride Market
7.6.3. Japan Choline Chloride Market
7.6.4. Australia Choline Chloride Market
7.6.5. South Korea Choline Chloride Market
7.6.6. Rest of Asia Pacific Choline Chloride Market
7.7. Latin America Choline Chloride Market Snapshot
7.7.1. Brazil Choline Chloride Market
7.7.2. Mexico Choline Chloride Market
7.8. Middle East & Africa Choline Chloride Market
7.8.1. Saudi Arabia Choline Chloride Market
7.8.2. South Africa Choline Chloride Market
7.8.3. Rest of Middle East & Africa Choline Chloride Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Balaji Amines Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Eastman Chemical Company
8.3.3. Jubilant Ingrevia Limited
8.3.4. Merck KGaA
8.3.5. Nuproxa Switzerland Ltd.
8.3.6. Imperial Group Limited
8.3.7. Muby Chemicals of Mubychem Group
8.3.8. GWH International
8.3.9. ALGRY Quimica, SL
8.3.10. Liaoning Biochem Co. Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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