Market Size of Global Choline Chloride Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Choline Chloride Market Analysis
During the time frame of the forecast, the market for choline chloride is expected to grow at a CAGR of more than 4%.
The COVID-19 pandemic had both short- and long-term effects on the pork industry, in terms of production and processing. As the transportation of animals falls under government control, the lockdown has brought many pig processing industries to a complete halt. However, the market started to grow in 2021 as several restrictions were removed, and today it is expected to continue growing during the forecast period.
- The major factor driving the growth of the market is the increasing demand from the poultry industry. Also, the fact that choline chloride is important for a healthy nervous system, brain development, muscle movement, a better metabolism, and a liver that works well is likely to make it more popular as a supplement in the human nutrition industry.
- On the flip side, animal disease outbreaks remain the most significant risk to the choline chloride market.
- The ongoing research on using choline chloride as a clay stabilizer in the oil and gas industry, the purification of biodiesel with choline chloride-based deep eutectic solvents (DES), and the commercial production of Russian shale oil using choline chloride are all expected to help the studied market grow.
- The Asia-Pacific region was the biggest market for choline chloride, and it is expected to remain the biggest market during the forecast period.
