The choline chloride market is expected to grow from US$ 793.80 million in 2022 to US$ 1,114.62 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
Choline, as an essential nutrient required for optimal health, is produced by chemical synthesis. Choline is induced in the vitamin B group that principally occurs as a methyl group donator. These labile methyl groups are necessary for the formation of vital body substances such as adrenaline and creatine and in metabolic reactions and fat conversions. Choline also has other functions in the metabolism as the building block, which cannot be replaced by methionine or betaine. Choline chloride has been intensively used in animal feed and appears as a liquid solution with a concentration of 75% as this concentration is stable. The choline chloride market for the feed industry segment is subsegmented into animal feed and aqua feed.
The choline chloride market in Asia Pacific is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The emerging countries in Asia Pacific are witnessing an upsurge in the middle-class population, along with growth in urbanization, which offers ample opportunities for the key players in the choline chloride market. The choline chloride industry in the countries of Asia Pacific has experienced a huge shift over the years. Asia Pacific is the largest continent in the world and is known for its food and feed products. The expenditure alloted toward the development of the food & beverages, cosmetics, and pharmaceutical industries has grown significantly and is further anticipated to grow, during the forecast period. Rising foreign direct investments also lead to economic growth in the region. Rising awareness about the health benefits and increasing usage of choline chloride in personal care products are propelling the market growth in the region. Rising expenditure on research and development activities to diversify the application base of choline chloride has also led to market growth.
Strategic Insights
Market Insights
Rising Application of Choline Chloride in Aquaculture Industry to Drive Choline Chloride Market During Forecast Period
Aquaculture involves the farming of fish, crustaceans, molluscs, aquatic plants, and other organisms. This method helps produce food and other commercially used products, replenish wild stock, and rebuild the aquatic population. Aquaculture involves the farming of animals and plants in inland or freshwater and coastal areas. Consumable fish and other seafood species are an important source of nutrients and are regarded as the cheapest form of animal protein. As most capture fisheries across the world are considered to be fully exploited or overexploited, aquaculture is considered as an important sector to meet growing demand for fish. The growing aquaculture sector has awareness to promote the health of species and increase the productivity of species using several feed additives, such as choline chloride. Choline is used to improve fat metabolism, strike energy balance, and boost the overall productivity of the aquaculture species. It is considered to be an important derivative of methylamine, which is mainly used as a vitamin substitute and animal feed additive to promote the growth of aquaculture species. Aquaculture feeds based on choline chloride are extensively used to improve protein density.
End-Use Industry Insights
Based on end-use industry, the choline chloride market is segmented into feed industry (animal feed and aqua feed), human nutrition, oil & gas industry, and others. In 2021, the feed industry segment held the largest market share.
Choline Chloride Market Share, by End-Use Industry, 2021 Vs. 2028
Algry Química, S.L; Balaji Amines Ltd.; Balchem Corporation; BASF SE; Be-Long Corporation; Eastman Chemical Company; GHW Eurochemicals S.R.O.; Jubilant Life Sciences Limited; Jubilant Life Sciences Limited; and Pestell Minerals & Ingredients Inc. are among the key players in the choline chloride market. The leading players adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and clientele.
Report Spotlights
- Progressive trends in the choline chloride industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the choline chloride market from 2020 to 2028
- Estimation of the demand for choline chloride
- Porter’s Five Forces Analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, and factors driving and restraining the choline chloride market growth
- Understanding strategies that underpin commercial interest with regard to the choline chloride market growth, aiding in the decision-making process
- Choline chloride market size at various nodes of market
- Detailed overview and segmentation of the choline chloride market, and its industry dynamics
- Choline chloride market size in various regions with promising growth opportunities
The "Global Choline Chloride Market Forecast to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the choline chloride market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The choline chloride market is segmented on the basis of end-use industry.
Company Profiles
- Algry Química, S.L
- Balaji Amines Ltd.
- Balchem Corporation
- BASF SE
- Be-Long Corporation
- Eastman Chemical Company
- GHW Eurochemicals S.R.O.
- Jubilant Life Sciences Limited
- Jubilant Life Sciences Limited
- Pestell Minerals & Ingredients Inc.