Choline Chloride Market Trend, Share, Growth, Size and Forecast 2030

Choline Chloride Industry Prospective:

The global choline chloride market size was evaluated at $520 million in 2022 and is slated to hit $800 million by the end of 2030 with a CAGR of nearly 6.7% between 2023 and 2030.

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Choline Chloride Market: Overview

Choline chloride is usually produced by chemical synthesis for utilization in the animal feed sector. Choline chloride is a quaternary ammonium salt that is composed of chloride ions which are anions and choline ions which are cations. The compound is a white and colorless hygroscopic material, a water-soluble salt that can also be manufactured by treating trimethylamine hydrochloride with ethylene oxide. Moreover, it is a bifunctional compound comprising both hydroxyl functional groups and quaternary ammonium functional groups.  

Key Insights

• As per the analysis shared by our research analyst, the global choline chloride  market is projected to expand annually at the annual growth rate of around 6.7% over the forecast timespan (2023-2030)
• In terms of revenue, the global choline chloride market size was evaluated at nearly $520 million in 2022 and is expected to reach $800 million by 2030.
• The global choline chloride market is anticipated to grow rapidly over the forecast timeline owing to rise in the use of product in the oil & gas segment.
• In terms of application, the animal feed segment is slated to register the highest CAGR over the analysis period.
• Based on end-use, the poultry feed segment is projected to record a massive surge in the coming years.
• Region-wise, the European choline chloride industry is expected to register the fastest CAGR during the assessment timeline.

Choline Chloride Market: Growth Factors

A surge in the use of the product in the oil & gas sector to embellish the global market trends

Choline chloride finds extensive applications in the oil & gas segment as a key replacement for potassium chloride due to its ability to improve the performance in stabilization of clay, ecological safety, and compatibility with the drilling of muds. These favorable features of the compound are likely to boost the expansion of the choline chloride market globally. In addition to this, choline chloride also finds a plethora of applications in the treatment of ataxic ailments, thereby driving global market trends.  

Apart from this, choline chloride has a slew of applications as an animal feed additive for fish, pigs, crustaceans, and poultry due to the ability of choline to prevent an increase of fats in the liver, enhance muscle control, and improve in growth of human organs. All the product features will elevate the growth graph of the market in the upcoming years. New product launches are likely to elevate the size of the global market in the forecasting timeline. For instance, in January 2021, Balchem Corporation, an industrial gas firm, introduced a new PuraChol line of choline products in the U.S. and is likely to introduce it in Africa, Europe, Asia, and the Middle East in the coming years.  

Choline Chloride Market: Restraints

Strict government laws related to product use in myriad end-use sectors can put brakes on the global industry surge by 2030

Health hazards caused by use of the choline chloride have proved to be detrimental to the growth path of the choline chloride industry globally. In addition to this, strict government laws pertaining to the use of products in various end-use industries will halt the global industry expansion.  

Choline Chloride Market: Opportunities

A rise in the awareness about advantages provided by feed supplements will open new growth avenues for the global market

A surge in the awareness regarding benefits offered by feed supplements has created new growth opportunities for the global choline chloride market. Apart from this, a rise in the intake of eggs, meat, and poultry globally will further enlarge the scope of growth for the market across the globe. An increase in the cases of livestock ailments will catapult the global market in the years ahead.    

Choline Chloride Market: Challenges

Low raw material supply can prove to be a challenge for the global industry surge over 2023-2030

Lack of supply of raw materials along with surging costs of the product can prove to be a big challenge in the growth of the global choline chloride industry.  

Choline Chloride Market: Segmentation

The global choline chloride market is sectored into application, feed grade, end-use, and region.                   

In application terms, the global choline chloride market is segregated into animal feed, human nutrition, pharmaceuticals, oil & gas, and others segments. Furthermore, the animal feed segment, which acquired approximately 57% of the global market revenue in 2022, is anticipated to register the fastest growth rate in the next few years. The growth of the segment during the projected timeline can be credited to the massive use of products in animal feed.  

Based on the end-use, the global choline chloride industry is sectored into swine feed, poultry feed, brain supplements, aquaculture feed, ruminant feed, and others segments. Moreover, the poultry feed segment, which accumulated the largest share of the global industry in 2022, is predicted to dominate the segmental space in the next couple of years. The expansion of the segment in the ensuing years can be subject to a rise in the product use as a feed supplement for poultry such as chicken.

Based on the feed grade, the choline chloride market globally is bifurcated into 90% and above choline chloride, 75% choline chloride, 70% choline chloride, 60% choline chloride, and 50% of choline chloride segments.

Choline Chloride Market: Report Scope

Choline Chloride Market: Regional Insights

Asia-Pacific is predicted to maintain its dominant position in the global choline chloride market over the prognosis timespan

Asia-Pacific, which amassed approximately 40% of the global choline chloride market revenue share in 2022, is predicted to dominate the regional space in the upcoming years. Additionally, the regional market expansion over the ensuing years can be credited to the rise in the demand for meat and poultry in countries such as India and China. In addition to this, a rise in awareness about animal feed supplements in these countries will prop up the scope of products in the region over the years ahead. Furthermore, the presence of key product manufacturers and the need to expand the production capacity is likely to translate into a humungous preference for the product in the sub-continent.

The European choline chloride industry is set to register the highest CAGR in the ensuing years subject to a rise in product penetration in the flourishing healthcare and processed meat sectors. The rise in the use of products in the chemicals sector in the continent is likely to make notable contributions towards the regional industry size in the next eight years.

Choline Chloride Market: Competitive Space

The global choline chloride market profiles key players such as:

• Pestell Minerals & Ingredients Inc.
• GHW Eurochemicals S.R.O.
• Balchem Corporation
• Jubilant Life Sciences Ltd.
• NB Group Co. Ltd.
• BASF SE
• Balaji Amines Ltd.
• Be-Long Corporation
• Algry Qumica S.L.
• Eastman Chemical Company

The global choline chloride market is segmented as follows:

By End-Use

• Swine Feed
• Poultry Feed
•  Aquaculture Feed
• Ruminant Feed
• Brain Supplements
•  Others

By Application

• Animal Feed
• Pharmaceuticals
• Oil & Gas
• Human Nutrition
• Others

By Feed Grade

• Above 90% Choline Chloride
• 75% Choline Chloride
• 70% Choline Chloride
• 60% Choline Chloride
• 50% Of Choline Chloride

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa