Market Size of Asia-Pacific Choline Chloride Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 224.20 Million |
| Market Size (2029) | USD 278.75 Million |
| CAGR (2024 - 2029) | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Choline Chloride Market Analysis
The Asia-Pacific Choline Chloride Market size is estimated at USD 224.20 million in 2024, and is expected to reach USD 278.75 million by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The COVID-19 pandemic has affected several industries negatively. Lockdowns in most Asian countries caused disruptions in production and processing in the poultry and pork industry. The restrictions in freight transportation disturbed the supply chain, and the demand for these products took a hit. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- Over the short term, growing demand in the poultry industry and increasing use of choline chloride in human nutritional supplements are major factors driving the growth of the market studied.
- However, outbreaks of animal diseases are likely to restrain the growth of the market studied.
- Nevertheless, the use of choline chloride as a clay stabilizer in the oil and gas industry will likely create lucrative growth opportunities for the global market.
- China is expected to have the largest choline chloride market over the forecast period due to increasing consumption in the poultry and human nutritional supplement industries.
Asia-Pacific Choline Chloride Industry Segmentation
Choline chloride is a vital nutrient for poultry animals and is majorly consumed as poultry feed. It serves as a methyl donor and is a feed supplement. The purpose of choline chloride is to protect chickens from ailments like perosis and hepatic hypertrophy. Choline chloride's primary functions are to act as a lipotropic agent and to prevent aberrant liver fatty penetration (fatty liver syndrome), which helps to maintain a healthy body's metabolism.
The Asia-Pacific choline chloride market is segmented by application and geography. By application, the market is segmented into poultry feed, swine feed, pet feed, human nutrition, oil and gas, and other applications (aquaculture feed and catalyst application).
The report also covers the market size and forecasts for the Asia-Pacific Choline Chloride Market in four countries across the Asia-Pacific region. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).
| Application | |
| Poultry Feed | |
| Swine Feed | |
| Pet Feed | |
| Human Nutrition | |
| Oil and Gas | |
| Other Applications (Aquaculture Feed and Catalyst Application) |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Choline Chloride Market Size Summary
The Asia-Pacific choline chloride market is poised for significant growth, driven by increasing demand in the poultry industry and its expanding use in human nutritional supplements. Choline chloride, an essential additive in animal feeds, particularly for chickens, plays a crucial role in preventing health issues such as perosis and liver enlargement. The market's recovery post-COVID-19 disruptions has been bolstered by the rising consumption of poultry and animal proteins, especially in populous countries like China and India. The region's meat consumption is expected to grow substantially, with poultry meat playing a central role in national diets. This surge in poultry consumption is anticipated to drive the demand for poultry feed, thereby increasing the need for choline chloride.
China stands out as a key player in the Asia-Pacific choline chloride market, with its livestock industry experiencing rapid expansion. The country is the largest producer of livestock products and animal feed globally, with significant outputs in meat and poultry feed. The domestic demand for choline chloride is expected to witness strong growth, supported by developments in the oil and gas sector where it is used as a clay stabilizer. The market is characterized by its fragmented nature, with major players like BASF SE, Eastman Chemical Company, and Kemin Industries Inc. actively contributing to its dynamics. These companies are expanding their production capabilities to meet the growing demand, particularly in China, which is also focusing on transforming its energy production and supply structure.
Asia-Pacific Choline Chloride Market Market Size - Table of Contents
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1. Market Dynamics
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1.1 Drivers
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1.1.1 Rapidly Growing Demand from the Poultry Industry
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1.1.2 Increased Intake of Human Nutritional Supplements
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Outbreak of Animal Diseases
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. Market Segmentation (Market Size in Value)
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2.1 Application
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2.1.1 Poultry Feed
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2.1.2 Swine Feed
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2.1.3 Pet Feed
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2.1.4 Human Nutrition
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2.1.5 Oil and Gas
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2.1.6 Other Applications (Aquaculture Feed and Catalyst Application)
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2.2 Geography
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2.2.1 China
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2.2.2 India
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2.2.3 Japan
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2.2.4 South Korea
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2.2.5 Rest of Asia-Pacific
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Asia-Pacific Choline Chloride Market Market Size FAQs
How big is the Asia-Pacific Choline Chloride Market?
The Asia-Pacific Choline Chloride Market size is expected to reach USD 224.20 million in 2024 and grow at a CAGR of greater than 4% to reach USD 278.75 million by 2029.
What is the current Asia-Pacific Choline Chloride Market size?
In 2024, the Asia-Pacific Choline Chloride Market size is expected to reach USD 224.20 million.
