Choline Chloride Market by Form (Powder and Liquid) End User (Poultry Feed, Swine Feed, Pet Feed, Human Nutrition, Oil and Gas, and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

  • Publish Date: Sep, 2022
  • Report ID: 420018
  • Category: Consumer Goods
  • Pages: 233
$4700

The Choline chloride market expects to grow from USD 733.19 million in 2021 to USD 1099.87 million by 2028, at a CAGR of 5.2% during the forecast period 2021-2087.

Choline chloride is an organic compound with the formula (CH3)3NCH2CH2OHCl. It is bifunctional, as it contains a quaternary ammonium salt as well as alcohol. It is a feed supplement for animals. It is primarily involved in metabolism and functions as a methyl donor. It creates and maintains the structure and function of cells. It is essential for growing animals and its consumption aids in the prevention of perosis and illnesses such as fatty liver syndrome. Choline chloride is used in human nutrition and as a clay stabilizer in the oil and gas sector and animal feed additives. Choline chloride, often known as vitamin B4, is found in drugs that aid in developing and mending bone cartilages, preventing perosis.

The factors driving the market are growing Choline chloride across the globe, high demand from the animal feed industry, choline chloride is a methyl donor, involvement in metabolism, and growth in the pharmaceutical industry. The factors restraining the market growth are health concerns related to choline chloride usages, gastrointestinal distress, fluctuation in raw material costs, and lack of consumer awareness about the nutritional value of choline. Research & Development projects to develop superior quality, cost-effective choline chloride products, decrease in toxicity, and growing usage in the oil and gas industry is expected to provide market growth opportunities.

This study delivers a comprehensive analysis of Form, End User, and region. The Form segment includes Powder and Liquid. The Liquid segment holds the largest market share, owing to the properties such as colorless, odorless, clear substance soluble in water, easy to use, and extensive adaptation of Choline chloride. The End User segment includes Poultry Feed, Swine Feed, Pet Feed, Human Nutrition, Oil and Gas, and Others. The Oil and Gas segment held the largest market share, owing to the enhanced production rates in the oil & gas sector, enhanced production rates in the oil & gas sector, and environment-friendly substitutes for conventional clay stabilizers.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific holds the largest market share in China, owing to the increased demand for poultry meat and rapid growth due to growing demand from the end-use industries. The North America region is anticipated to grow and holds the largest share in U.S., owing to the high demand for meat and rise in demand from healthcare.

Some of the notable players in the market are Algry Quimica SI, Kemin Industries Inc., Balchem Corporation, NB Group Co. Ltd., Taminco Corporation, Be-Long Corporation, Balaji Amines Ltd., Pestell Minerals & Ingredients, Havay Chemicals, Imperial Group Limited, GHW International, Jubilant Life Sciences Limited, Eastman Chemical Company, Balchem Corporation, and BASF SE.

Choline Chloride Market Analysis and Forecast, Form

  • Powder
  • Liquid

Choline Chloride Market Analysis and Forecast, Product

  • Poultry Feed
  • Swine Feed
  • Pet Feed
  • Human Nutrition
  • Oil and Gas
  • Other

Choline Chloride Market Analysis and Forecast, Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2020, the historic year 2018, and 2019, the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of the global market for all segments and regions.
  • The report offers an in-depth analysis of driving factors, opportunities, and restraints for gaining key insight into the market. The report emphasizes all the key trends that play a vital role in enlarging the market from 2021 to 2028.
  • Porter's Five Forces model is used to recognize the competitive scenario in the market. This report incorporates the industry analysis, which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions, which are benchmarked based on their market size, growth rate, and attractiveness in terms of present and future opportunists for understanding the market's future growth.
  • The report provides company profile of the key players operating in the market and comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological, and legal factors based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Form
          4.3.2. Market Attractiveness Analysis By End User
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. High demand from animal feed industry
          5.2.2. Choline chloride is a methyl donor
          5.2.3. Involvement in metabolism
          5.2.4. Growth in the pharmaceutical industry
    5.3. Restrains
          5.3.1. Health concerns related to choline chloride usages
          5.3.2. Gastrointestinal distress
          5.3.3. Fluctuation in raw material costs
          5.3.4. Lack of consumer awareness about the nutritional value of choline
    5.4. Opportunities
          5.4.1. Research & Development projects to develop superior quality
          5.4.2. Cost-effective choline chloride End Users
          5.4.3. Decrease in toxicity
          5.4.4. Growing usage in the oil and gas industry
6. Global Choline Chloride Market Analysis and Forecast, By Form
    6.1. Segment Overview
    6.2. Powder
    6.3. Liquid
7. Global Choline Chloride Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Poultry Feed
    7.3. Swine Feed
    7.4. Pet Feed
    7.5. Human Nutrition
    7.6. Oil and Gas
    7.7. Other
8. Global Choline Chloride Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global Choline Chloride Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Choline Chloride Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. End User Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Algry Quimica SI
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company End User Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Kemin Industries Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company End User Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Balchem Corporation
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company End User Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. NB Group Co. Ltd.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company End User Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Taminco Corporation
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company End User Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Be-Long Corporation
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company End User Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Balaji Amines Ltd.
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company End User Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Pestell Minerals & Ingredients
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company End User Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Havay Chemicals
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company End User Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Imperial Group Limited
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company End User Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. GHW International
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company End User Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Jubilant Life Sciences Limited
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company End User Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Eastman Chemical Company
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company End User Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Balchem Corporation
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company End User Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. BASF SE
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company End User Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis

List of Table

1. Global Choline Chloride Market, By Form, 2018-2028 (USD Million)

2. Global Powder, Choline Chloride Market, By Region, 2018-2028 (USD Million) 

3. Global Liquid, Choline Chloride Market, By Region, 2018-2028 (USD Million)

4. Global Choline Chloride Market, By End User, 2018-2028 (USD Million)

5. Global Poultry Feed, Choline Chloride Market, By Region, 2018-2028 (USD Million)

6. Global Swine Feed, Choline Chloride Market, By Region, 2018-2028 (USD Million)

7. Global Pet Feed, Choline Chloride Market, By Region, 2018-2028 (USD Million)

8. Global Human Nutrition, Choline Chloride Market, By Region, 2018-2028 (USD Million)

9. Global Oil and Gas, Choline Chloride Market, By Region, 2018-2028 (USD Million)

10. Global Others, Choline Chloride Market, By Region, 2018-2028 (USD Million)

11. North America Choline Chloride Market, By Form, 2018-2028 (USD Million)

12. North America Choline Chloride Market, By End User, 2018-2028 (USD Million)

13. U.S. Choline Chloride Market, By Form, 2018-2028 (USD Million)

14. U.S. Choline Chloride Market, By End User, 2018-2028 (USD Million)

15. Canada Choline Chloride Market, By Form, 2018-2028 (USD Million)

16. Canada Choline Chloride Market, By End User, 2018-2028 (USD Million)

17. Mexico Choline Chloride Market, By Form, 2018-2028 (USD Million)

18. Mexico Choline Chloride Market, By End User, 2018-2028 (USD Million)

19. Europe Choline Chloride Market, By Form, 2018-2028 (USD Million)

20. Europe Choline Chloride Market, By End User, 2018-2028 (USD Million)

21. Germany Choline Chloride Market, By Form, 2018-2028 (USD Million)

22. Germany Choline Chloride Market, By End User, 2018-2028 (USD Million)

23. France Choline Chloride Market, By Form, 2018-2028 (USD Million)

24. France Choline Chloride Market, By End User, 2018-2028 (USD Million)

25. U.K. Choline Chloride Market, By Form, 2018-2028 (USD Million)

26. U.K. Choline Chloride Market, By End User, 2018-2028 (USD Million)

27. Italy Choline Chloride Market, By Form, 2018-2028 (USD Million)

28. Italy Choline Chloride Market, By End User, 2018-2028 (USD Million)

29. Spain Choline Chloride Market, By Form, 2018-2028 (USD Million)

30. Spain Choline Chloride Market, By End User, 2018-2028 (USD Million)

31. Asia Pacific Choline Chloride Market, By Form, 2018-2028 (USD Million)

32. Asia Pacific Choline Chloride Market, By End User, 2018-2028 (USD Million)

33. Japan Choline Chloride Market, By Form, 2018-2028 (USD Million)

34. Japan Choline Chloride Market, By End User, 2018-2028 (USD Million)

35. China Choline Chloride Market, By Form, 2018-2028 (USD Million)

36. China Choline Chloride Market, By End User, 2018-2028 (USD Million)

37. India Choline Chloride Market, By Form, 2018-2028 (USD Million)

38. India Choline Chloride Market, By End User, 2018-2028 (USD Million)

39. South America Choline Chloride Market, By Form, 2018-2028 (USD Million)

40. South America Choline Chloride Market, By End User, 2018-2028 (USD Million)

41. Brazil Choline Chloride Market, By Form, 2018-2028 (USD Million)

42. Brazil Choline Chloride Market, By End User, 2018-2028 (USD Million)

43. Middle East and Africa Choline Chloride Market, By Form, 2018-2028 (USD Million)

44. Middle East and Africa Choline Chloride Market, By End User, 2018-2028 (USD Million)

45. UAE Choline Chloride Market, By Form, 2018-2028 (USD Million)

46. UAE Choline Chloride Market, By End User, 2018-2028 (USD Million)

47. South Africa Choline Chloride Market, By Form, 2018-2028 (USD Million)

48. South Africa Choline Chloride Market, By End User, 2018-2028 (USD Million)

List of Figures 

1. Global Choline Chloride Market Segmentation

2. Global Choline Chloride Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Choline Chloride Market Attractiveness Analysis By Form

9. Global Choline Chloride Market Attractiveness Analysis By End User 

10. Global Choline Chloride Market Attractiveness Analysis By Region

11. Global Choline Chloride Market: Dynamics

12. Global Choline Chloride Market Share by Form (2021 & 2028)

13. Global Choline Chloride Market Share by End User (2021 & 2028)

14. Global Choline Chloride Market Share by Regions (2021 & 2028)

15. Global Choline Chloride Market Share by Company (2020)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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