Asia-Pacific Choline Chloride Market Size
| 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 Market Trends
Poultry Feed Industry to Dominate the Market
路 Choline chloride is used as a vital additive for various animal feeds, particularly chicken feed. Choline, chemically known as 2-hydroxyethyl-trimethyl ammonium hydroxide, is denoted as vitamin B4. Choline helps in the prevention of conditions such as perosis and liver enlargement in chickens.
路 The choline chloride requirement for chicken (starter) ranges from 400 to 700 mg per kg of diet, 250 to 400 mg per kg of diet for chicken (pullets), 300-500 mg per kg for laying hens, 300-600 mg per kg for broilers, and 400-600 mg per kg of diet for ducks/geese.
路 The demand for poultry comes from food consumption and the dietary needs of the masses. According to the UN Food and Agriculture Organization (FAO), the demand for food is estimated to grow by 60% by 2050. Moreover, between 2010 and 2050, animal protein production is expected to increase by around 1.7% and dairy production by around 55%.
路 Population growth is the main driver for increased poultry consumption. In Asia-Pacific, meat consumption is projected to grow by 18% during the next decade. Moreover, according to the FAO, Asia is currently the largest egg-producing region, with more than 64% of the global output.
路 According to Foreign Agricultural Service/USDA, Chicken meat production in China, Japan, and South Korea in 2022 was 14,300 kiloton, 1,770 kiloton, and 930 kiloton, respectively, whereas chicken meat consumption was 14,401 kiloton, 2,868 kiloton, and 1,086 kiloton, respectively.
路 Consumption of poultry meat is projected to increase to 90 million ton by 2030, accounting for more than 50% of the additional meat consumed. On a per capita basis, the expected robust growth rates in poultry consumption reflect the significant role it plays in the national diets of several populous developing Asian countries, including China and India.
路 Thus, demand for poultry feed will continue to grow to meet the poultry meat and food consumption in the region. Consequently, the demand for choline chloride is expected to grow substantially over the forecast period.
China to Dominate the Regional Market
- China's livestock industry has expanded rapidly in recent years as diets are including more animal proteins. Currently, China is the world's largest producer of livestock products and the largest animal feed manufacturer.
- According to the National Bureau of Statistics China, in 2022, the meat industry in China produced 92.27 million ton of meat. This indicated an increase of around 3.8% compared to the production in 2021.
- According to USDA, chicken meat production is projected to reach 14.3 million ton in 2023, and the production of white feather broiler chicken is expected to increase slightly compared to 2022.
- According to the China Feed Industry Association, the country's total industrial feed output in 2022 was 30,223.4 million ton, an increase of 3.0% over the previous year. Among them, the output of compound feed was 28,021.2 million ton, an increase of 3.7%. The output of concentrated feed was 1,426.2 million ton, down 8.1%, and the output of additive premixed feed was 652.2 million ton, down 1.6%.
- Pig feed output in 2022 was 13,597.5 million ton, an increase of 4.0% from the previous year. Egg and poultry feed output was 3,210.9 million ton. The output of meat and poultry feed was 8,925.4 million ton, an increase of 0.2% from the previous year.
- Choline chloride also finds use in oil and gas exploration activities as a clay stabilizer. In March 2023, the National Energy Administration announced the 鈥淎ction Plan for Accelerating the Integration and Development of Oil and Gas Exploration and New Energy."
- With this plan, China aims to promote the transformation and upgradation of the energy production and supply structure. An increase in the supply of new energy and shale gas is at the forefront. Moreover, a successful 3D seismic exploration project was carried out in the Qaidam Basin in 2023.
- With encouraging market conditions in the animal feed, pet food, and shale gas industries, the domestic demand for choline chloride in China is forecast to witness strong growth.
Asia-Pacific Choline Chloride Industry Overview
The Asia-Pacific choline chloride market is highly fragmented in nature. The major players (not in any particular order) include BASF SE, Eastman Chemical Company, Jubilant Life Sciences Limited, NB Group Co. Ltd, and Kemin Industries Inc., among others.
Asia-Pacific Choline Chloride Market Leaders
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BASF SE
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Eastman Chemical Company
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Jubilant Life Sciences Limited
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NB Group Co. Ltd.
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Kemin Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Choline Chloride Market News
- December 2022: Kemin Industries increased its production of encapsulation ingredients with two new facilities and added pilot plants for product development. Kemin Animal Nutrition and Health 鈥� EMENA (Europe, Middle East, North Africa) hosted a global customer event to inaugurate the new manufacturing plants.
Asia-Pacific Choline ChlorideMarket Report - Table of Contents
1. Introduction
1.1 Study Assumptions
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Drivers
4.1.1 Rapidly Growing Demand from the Poultry Industry
4.1.2 Increased Intake of Human Nutritional Supplements
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Outbreak of Animal Diseases
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation (Market Size in Value)
5.1 Application
5.1.1 Poultry Feed
5.1.2 Swine Feed
5.1.3 Pet Feed
5.1.4 Human Nutrition
5.1.5 Oil and Gas
5.1.6 Other Applications (Aquaculture Feed and Catalyst Application)
5.2 Geography
5.2.1 China
5.2.2 India
5.2.3 Japan
5.2.4 South Korea
5.2.5 Rest of Asia-Pacific
6. Competitive Landscape
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BALAJI AMINES
6.4.2 Balchem Inc.
6.4.3 BASF SE
6.4.4 Eastman Chemical Company
6.4.5 GHW International
6.4.6 Impextraco NV
6.4.7 IMPERIAL GROUP LIMITED
6.4.8 Jubilant Life Sciences Limited
6.4.9 Kemin Industries Inc.
6.4.10 Liaoning Biochem Co. Ltd
6.4.11 Merck KGaA
6.4.12 Muby Chemicals Group
6.4.13 NB Group Co. Ltd
6.4.14 SDA Products
6.4.15 Spectrum Chemical
6.4.16 Tokyo Chemical Industry
6.4.17 Thermo Fisher Scientific Inc.
- *List Not Exhaustive
7. Market Opportunities and Future Trends
7.1 Use of Choline Chloride as a Clay Stabilizer in the Oil and Gas Industry
7.2 Purification of Biodiesel with Choline Chloride-based Deep Eutectic Solvents (DES)
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 ChlorideMarket Research 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.
Who are the key players in Asia-Pacific Choline Chloride Market?
BASF SE, Eastman Chemical Company, Jubilant Life Sciences Limited, NB Group Co. Ltd. and Kemin Industries, Inc. are the major companies operating in the Asia-Pacific Choline Chloride Market.
What years does this Asia-Pacific Choline Chloride Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Choline Chloride Market size was estimated at USD 215.58 million. The report covers the Asia-Pacific Choline Chloride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Choline Chloride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Choline ChlorideIndustry Report
Statistics for the 2024 Asia-Pacific Choline Chloride market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia-Pacific Choline Chloride analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
