The Asia-Pacific Choline Chloride Market size is estimated at USD 224.20 million in 2024, and is expected to reach USD 278.75 million by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The COVID-19 pandemic has affected several industries negatively. Lockdowns in most Asian countries caused disruptions in production and processing in the poultry and pork industry. The restrictions in freight transportation disturbed the supply chain, and the demand for these products took a hit. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
· Choline chloride is used as a vital additive for various animal feeds, particularly chicken feed. Choline, 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.
· The choline chloride requirement for chicken (starter) ranges from 400 to 700 mg per kg of diet, 250 to 400 mg per kg of diet for chicken (pullets), 300-500 mg per kg for laying hens, 300-600 mg per kg for broilers, and 400-600 mg per kg of diet for ducks/geese.
· The demand for poultry comes from food consumption and the dietary needs of the masses. According to the UN Food and Agriculture Organization (FAO), the demand for food is estimated to grow by 60% by 2050. Moreover, between 2010 and 2050, animal protein production is expected to increase by around 1.7% and dairy production by around 55%.
· Population growth is the main driver for increased poultry consumption. In Asia-Pacific, meat consumption is projected to grow by 18% during the next decade. Moreover, according to the FAO, Asia is currently the largest egg-producing region, with more than 64% of the global output.
· According to Foreign Agricultural Service/USDA, Chicken meat production in China, Japan, and South Korea in 2022 was 14,300 kiloton, 1,770 kiloton, and 930 kiloton, respectively, whereas chicken meat consumption was 14,401 kiloton, 2,868 kiloton, and 1,086 kiloton, respectively.
· Consumption of poultry meat is projected to increase to 90 million ton by 2030, accounting for more than 50% of the additional meat consumed. On a per capita basis, the expected robust growth rates in poultry consumption reflect the significant role it plays in the national diets of several populous developing Asian countries, including China and India.
· Thus, demand for poultry feed will continue to grow to meet the poultry meat and food consumption in the region. Consequently, the demand for choline chloride is expected to grow substantially over the forecast period.
The Asia-Pacific choline chloride market is highly fragmented in nature. The major players (not in any particular order) include BASF SE, Eastman Chemical Company, Jubilant Life Sciences Limited, NB Group Co. Ltd, and Kemin Industries Inc., among others.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook