Choline Chloride Market Forecasts to 2028 – Global Analysis By Form (Powder, Liquid/Aqueous Solution), Grade (Food Grade, Feed Grade, Pharmaceutical Grade, Technical Grade) and By Geography
According to Stratistics MRC, the Global Choline Chloride Market is accounted for $507.42 million in 2020 and is expected to reach $814.87 million by 2028 growing at a CAGR of 6.1% during the forecast period. Factors such as increasing meat consumption, growing animal feed industry, and developments in oil and gas industry are driving the growth of the market. However, health concerns associated with choline chloride usage is hampering the growth of the market.
Choline chloride is a quaternary ammonium salt which is white crystalline in solid form and colourless in its liquid form. It is also known as vitamin B4. It is used as a feed additive and acts as a methyl donor.
Based on the application, the animal feed segment is anticipated to expand at a rapid pace during the forecast period as choline chloride helps to accelerate the growth of different pets and animals. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing demand from the egg, poultry, and meat industries of major economies like India, China, and Korea.
Some of the key players profiled in the Choline Chloride Market include BASF SE, Jubilant Life Sciences Ltd., Havay Chemicals, Kemin Industries Inc, Eastman Chemical Company, Balaji Amines Ltd, Balchem Corporation, Be-Long Corporation, NB Group Co Ltd, GHW Eurochemicals S.R.O., Algry Quimica Sl, Pestell Minerals & Ingredients Inc., A&C Co. Inc., and Taminco Corporation.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 507.42 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
6.1% |
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Predicted 2028 Value: |
USD 814.87 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
234 |
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Chapters Covered: |
Form, Grade, Purity, Application, Ingredient, and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Forms Covered:
• Powder
• Liquid/Aqueous Solution
Grades Covered:
• Food Grade
• Feed Grade
• Pharmaceutical Grade
• Technical Grade
Purities Covered:
• 50% Purity
• 60% Purity
• 70% Purity
• 75% Purity
• 98% Purity
Applications Covered:
• Human Nutrition
• Personal Care
• Pharmaceutical (Fatty Liver Treatment)
• Fracturing Fluids
• Animal Feed
• Plant Photosynthesis Promoter
• Brain Supplements
• Oil and Gas
• Agriculture
• Other Applications
Ingredients Covered:
• Ethylene Oxide
• Trimethylamine
• Hydrochloric Acid
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Choline Chloride Market is majorly driven by increasing meat consumption, growing animal feed industry, and developments in oil and gas industry.
The oil and gas segment is growing at a highest CAGR as choline chloride can be used as an environment friendly as a clay stabilizer in this industry.
Asia Pacific dominated with a significant market share due to the increasing demand from the egg, poultry, and meat industries of major economies like India, China, and Korea.
North America market is growing at a highest CAGR owing to the wide use of choline chloride for various applications.
Key players in Choline Chloride Market include BASF SE, Jubilant Life Sciences Ltd., Havay Chemicals, Kemin Industries Inc, Eastman Chemical Company, Balaji Amines Ltd, Balchem Corporation, Be-Long Corporation, NB Group Co Ltd, GHW Eurochemicals S.R.O., Algry Quimica Sl, Pestell Minerals & Ingredients Inc., A&C Co. Inc., and Taminco Corporation.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Choline Chloride Market, By Form
5.1 Introduction
5.2 Powder
5.3 Liquid/Aqueous Solution
6 Global Choline Chloride Market, By Grade
6.1 Introduction
6.2 Food Grade
6.3 Feed Grade
6.4 Pharmaceutical Grade
6.5 Technical Grade
7 Global Choline Chloride Market, By Purity
7.1 Introduction
7.2 50% Purity
7.3 60% Purity
7.4 70% Purity
7.5 75% Purity
7.6 98% Purity
8 Global Choline Chloride Market, By Application
8.1 Introduction
8.2 Human Nutrition
8.3 Personal Care
8.4 Pharmaceutical (Fatty Liver Treatment)
8.5 Fracturing Fluids
8.6 Animal Feed
8.6.1 Aquaculture/Fish Farming
8.6.2 Horse Feed
8.6.3 Ruminant Feed/Cattle Feed
8.6.4 Swine Feed
8.6.5 Pet Food
8.6.6 Poultry
8.6.6.1 Broilers
8.6.6.2 Layers
8.7 Plant Photosynthesis Promoter
8.8 Brain Supplements
8.9 Oil and Gas
8.10 Agriculture
8.11 Other Applications
8.11.1 Skin Care
8.11.2 Hair Care
9 Global Choline Chloride Market, By Ingredient
9.1 Introduction
9.2 Ethylene Oxide
9.3 Trimethylamine
9.4 Hydrochloric Acid
10 Global Choline Chloride Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Jubilant Life Sciences Ltd.
12.3 Havay Chemicals
12.4 Kemin Industries Inc
12.5 Eastman Chemical Company
12.6 Balaji Amines Ltd
12.7 Balchem Corporation
12.8 Be-Long Corporation
12.9 NB Group Co Ltd
12.10 GHW Eurochemicals S.R.O.
12.11 Algry Quimica Sl
12.12 Pestell Minerals & Ingredients Inc.
12.13 A&C Co. Inc.
12.14 Taminco Corporation
List of Tables
1 Global Choline Chloride Market Outlook, By Region (2019-2028) ($MN)
2 Global Choline Chloride Market Outlook, By Form (2019-2028) ($MN)
3 Global Choline Chloride Market Outlook, By Powder (2019-2028) ($MN)
4 Global Choline Chloride Market Outlook, By Liquid/Aqueous Solution (2019-2028) ($MN)
5 Global Choline Chloride Market Outlook, By Grade (2019-2028) ($MN)
6 Global Choline Chloride Market Outlook, By Food Grade (2019-2028) ($MN)
7 Global Choline Chloride Market Outlook, By Feed Grade (2019-2028) ($MN)
8 Global Choline Chloride Market Outlook, By Pharmaceutical Grade (2019-2028) ($MN)
9 Global Choline Chloride Market Outlook, By Technical Grade (2019-2028) ($MN)
10 Global Choline Chloride Market Outlook, By Purity (2019-2028) ($MN)
11 Global Choline Chloride Market Outlook, By 50% Purity (2019-2028) ($MN)
12 Global Choline Chloride Market Outlook, By 60% Purity (2019-2028) ($MN)
13 Global Choline Chloride Market Outlook, By 70% Purity (2019-2028) ($MN)
14 Global Choline Chloride Market Outlook, By 75% Purity (2019-2028) ($MN)
15 Global Choline Chloride Market Outlook, By 98% Purity (2019-2028) ($MN)
16 Global Choline Chloride Market Outlook, By Application (2019-2028) ($MN)
17 Global Choline Chloride Market Outlook, By Human Nutrition (2019-2028) ($MN)
18 Global Choline Chloride Market Outlook, By Personal Care (2019-2028) ($MN)
19 Global Choline Chloride Market Outlook, By Pharmaceutical (Fatty Liver Treatment) (2019-2028) ($MN)
20 Global Choline Chloride Market Outlook, By Fracturing Fluids (2019-2028) ($MN)
21 Global Choline Chloride Market Outlook, By Animal Feed (2019-2028) ($MN)
22 Global Choline Chloride Market Outlook, By Aquaculture/Fish Farming (2019-2028) ($MN)
23 Global Choline Chloride Market Outlook, By Horse Feed (2019-2028) ($MN)
24 Global Choline Chloride Market Outlook, By Ruminant Feed/Cattle Feed (2019-2028) ($MN)
25 Global Choline Chloride Market Outlook, By Swine Feed (2019-2028) ($MN)
26 Global Choline Chloride Market Outlook, By Pet Food (2019-2028) ($MN)
27 Global Choline Chloride Market Outlook, By Poultry (2019-2028) ($MN)
28 Global Choline Chloride Market Outlook, By Plant Photosynthesis Promoter (2019-2028) ($MN)
29 Global Choline Chloride Market Outlook, By Brain Supplements (2019-2028) ($MN)
30 Global Choline Chloride Market Outlook, By Oil and Gas (2019-2028) ($MN)
31 Global Choline Chloride Market Outlook, By Agriculture (2019-2028) ($MN)
32 Global Choline Chloride Market Outlook, By Other Applications (2019-2028) ($MN)
33 Global Choline Chloride Market Outlook, By Skin Care (2019-2028) ($MN)
34 Global Choline Chloride Market Outlook, By Hair Care (2019-2028) ($MN)
35 Global Choline Chloride Market Outlook, By Ingredient (2019-2028) ($MN)
36 Global Choline Chloride Market Outlook, By Ethylene Oxide (2019-2028) ($MN)
37 Global Choline Chloride Market Outlook, By Trimethylamine (2019-2028) ($MN)
38 Global Choline Chloride Market Outlook, By Hydrochloric Acid (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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