The global choline chloride market was valued at US$613.815 million in the year 2019 and is expected to grow at a compound annual growth rate of 5.16% to reach a market size of US$872.954 million in 2026.
The growth in the choline chloride market around the world is predicted to be driven by the increasing demand for meats consumption such as poultry meat and eggs, and rising awareness towards nutritional feed supplements among the ranchers, farmers, retailers of animal feed.
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 perosis, fatty liver syndrome, and others. Choline chloride is also termed an essential factor in human nutrition. It also has applications in the oil and gas industry as a clay stabilizer. The market is expected to grow due to the increasing demand for nutritional animal supplements. However, the threat due to the spread of diseases such as swine flu due to consumption of meat is expected to restrict the consumption of meat and increase in vegan population. This is projected to hinder the choline chloride market.
The growing awareness towards the nutritional animal feed supplement among the end-users is one of the prominent factors attributing to the choline chloride market around the world. The introduction of various advanced technologies in the last few years had led to many farmers inclining towards practicing animal husbandry as an economic source. The increasing awareness towards the consumption of dairy products among millennials has led to the growth in dairy farming. To sustain and increase productivity, it is essential to make use of nutritional supplements for dairy farming. Likewise, due to the health benefits of meat, the consumption of meat and egg is experiencing growth. hence, to provide the disinfected meat products, the poultry farmers are expected to make use of nutritional supplements for the livestock. The increasing demand from the population for meat consumption is predicted to drive the demand for nutritional animal feed paving the way for the growth in the Choline chloride market in the world.
The rising threat of livestock diseases which can affect the productivity and economy of the ranchers, farmers, retailers, and other livestock-dependent businesses is paving way for the demand for nutritional animal feed and supplements. The growing urbanization and awareness about diseases and nutrition among pet lovers are also contributed to boosting the demand for nutritional animal feed. This is expected to increase the demand for choline chloride supplements which is projected to lead to market growth during the forecast period.
Moreover, Choline chloride is termed as an essential nutritive factor for the human body as well. The rising research on the choline chloride benefits for humans has paved the way for increasing awareness among the global population. For instance, in August 2020, Harvard T.H. Chan School of public health published a report stating the key benefits of choline for the human body. According to the report, Choline helps in the contraction of muscles, improves memory and thinking by improving brain function, and activated pain responses. Choline is also termed as food for beneficial gut bacteria.
Due to the increasing demand for nutritional animal feed supplements to fulfill the demand of rising livestock businesses, the Asia-Pacific region is predicted to hold a significant market share during the forecast period. The countries like China, India, Indonesia, and a few other countries are predicted to boost the market owing to the increasing demand for meat and egg consumption, urbanization, an increasing number of pet owners, and rising per capita income. North America is also expected to grow at a steady pace during the forecast period owing to the growing demand for organic-based nutritional animal feed in the countries like the United States and Canada.
In October 2019, a leading global ingredient manufacturer Kemin industries announced the launch of 2 new products in its Ruminant essentialities portfolio as animal nutrition and health solution. The two products are KESSENT and CholiGem. CholiGem is a Choline nutrition product for animal feed.
In April 2021, Tuffy’s Pet Foods launched a high-protein dog food product Element Series. The product in the series offers around 83% of animal proteins. And the diet is manufactured addressing the health and wellness of dogs.
A sudden outbreak of Covid-19 led governments of many countries to declare a lockdown due to which many industries had either shut down temporarily or carried manufacturing processes with strict regulations which led to affecting productivity. In addition to this, the threat of meat consumption was increased due to the circumstances that lead Covid-19 the spread. This led to a necessity for the retailers and meat product suppliers to make use of nutritional animal feed products to provide promising and safe meat products. Moreover, the farming and animal husbandry occupations were at the same pace. This continuous demand for nutritional supplements for animals and the rising threat of rapid disease spread is expected to robust the global Choline chloride market growth during the forecast period.
|Market size value in 2019||US$613.815 million|
|Market size value in 2026||US$872.954 million|
|Growth Rate||CAGR of 5.16% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Form, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Meden Pharma Pvt. Ltd., Jubilant Ingrevia Ltd., BTC Europe, Parchem Fine & Specialty Chemicals, Jinan Pengbo Biotechnology Co., Ltd., Liaoning Biochem Co., Ltd., NB Group Co., Ltd., Foodchem International Corporation, Wego Chemical Group, Kemin industries|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the choline chloride market?
A1. The global choline chloride market is expected to grow at a CAGR of 5.16% over the forecast period.
Q2. What will be the choline chloride market size by 2026?
A2. The global choline chloride market is expected to reach a market size of US$872.954 million by 2026.
Q3. What is the size of the global choline chloride market?
A3. Choline Chloride Market was valued at US$613.815 million in 2019.
Q4. What factors are anticipated to drive the choline chloride market growth?
A4. The growing awareness towards the nutritional animal feed supplement among the end-users is one of the prominent factors attributing to the choline chloride market around the world.
Q5. Which region holds the largest market share in the choline chloride market?
A5. The Asia-Pacific region is predicted to hold a significant share in the choline chloride market owing to the increasing demand for meat and egg consumption, urbanization, an increasing number of pet owners, and rising per capita income.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. CHOLINE CHLORIDE MARKET BY FORM
6. CHOLINE CHLORIDE MARKET BY APPLICATIONS
6.2. Animal Feed
6.3. Human Nutrition
6.4. Oil & Gas
6.5. Pet Food
7. CHOLINE CHLORIDE MARKET BY GEOGRAPHY
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Meden Pharma Pvt. Ltd.
9.2. Jubilant Ingrevia Ltd.
9.3. BTC Europe
9.4. Parchem Fine & Specialty Chemicals
9.5. Jinan Pengbo Biotechnology Co., Ltd.
9.6. Liaoning Biochem Co., Ltd.
9.7. NB Group Co., Ltd.
9.8. Foodchem International Corporation
9.9. Wego Chemical Group
9.10. Kemin industries
Meden Pharma Pvt. Ltd.
Parchem Fine & Specialty Chemicals
Jinan Pengbo Biotechnology Co., Ltd.
Liaoning Biochem Co., Ltd.
NB Group Co., Ltd.
Foodchem International Corporation
Wego Chemical Group
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