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

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

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:
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.
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:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Form, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

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:
Powder
Liquid
By Application:
Animal Feed
Oil & Gas
Human Nutrition
Personal Care
Pharmaceuticals
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

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

Companies Mentioned
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.

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