Home > Pressrelease > Global Choline Chloride Market size worth over USD 725 million by 2027

Global Choline Chloride Market size worth over USD 725 million by 2027

  • Published Date: January 24, 2022

According to a new research report by Global Market Insights Inc., the Choline Chloride Market size is set to surpass USD 725 million by 2027.

Choline Chloride is an organic compound which is bifunctional with quaternary ammonia salt and an alcohol. It is a water-soluble compound which is often grouped as vitamin B complex. The product is available in different grade which includes 50%, 75%, 70%, 60% and 98% for different industrial applications.

The product is a vital feed ingredient in pig feed owing to its ability to prevent poor lactation, reproduction, splayed legs or spraddle in newborns, fat infiltration in liver and growth impairment. The product is used as a raw material in the production of deep eutectic solvents which serve as a biodegradable, safe, cost effective and easily synthesizable alternative to conventional ionic liquids.

Increasing adoption of 75% grade choline chloride for petroleum drilling as a sustainable alternative should support business growth

Global choline chloride market by 75% grade witnessed a consumption of over USD 125 million in 2020. The growing oil & gas industry and rising exploration activities are expected to boost the demand for 75% choline chloride. It is utilized as a clay stabilizer to prevent swelling in shale rocks and minimize migration of clay lines. It is widely used for clay stabilization in the oil & natural gas industry as drilling & stimulation in shale and clay poses safety challenges.

The oil and gas companies are replacing potassium chloride with 75% choline chloride in petroleum drilling owing to its high-performance characteristics and environment-friendly nature. Increasing sustainability trends in every sector including oil & gas along with investments in petroleum industry for extraction of oil & gas is expected to create opportunity for market growth. It is also compatible with drilling muds and hydraulic fracturing fluids, driving its application in oil & gas industry.

Frequent problem formation damage from clay swelling due to incompatible fluid invasion should drive the use of 75% grade choline chloride should drive the market growth. Furthermore, extensive utilization of 75% grade in animal feed owing to its ability to prevent vitamin deficiency in animals should further proliferate product demand thereby contributing to market growth.

Browse key industry insights spread across 265 pages with 399 market data tables and 27 figures & charts from the report, “ Choline Chloride Market By Grade (50%, 75%, 70%, 60%, 98%), By Form (Powder, Liquid), By Application (Animal Feed {Poultry {Broilers, layers}, Swine, Cattle, Pet Food, Aquaculture}, Oil & Gas, Human Nutrition, Personal Care, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:

Growing interest of pet owners towards animal nutrition and health products should stimulate product demand for pet feed application

Pet food application is expected to exceed USD 21.5 million up to 2027. Increasing concern on pet health and the rapid adoption of high-quality pet food will boost product demand. The product is widely used in manufacturing dog, cat, & fish food solutions owing to its metabolism-boosting and immunity strengthening characteristics. Changing consumer perception and increasing expenditure on pet well-being is likely to encourage product usage.

The COVID-19 pandemic has changed the way consumers purchase and value their own food choices and the same trend appears to be seen on the pet products they purchase which should favor market growth. The pet feed manufacturers are constantly working on improving the pet feed variety with unique ingredients to fulfill animal nutrition requirements and keep enhancing their offerings with changing trends which will favor the choline chloride market growth during the projected time frame.

High pet ownership in U.S. and Latin American countries is driving the demand for pet food which should favor choline chloride market growth. Consumers are demanding for high quality and nutritional animal feed for pets due to its ability to protect the animals from diseases and maintenance of animal health. Growing e-commerce along with furious online purchasing of pet food has favored pet food industry which will further positively impact the overall business growth.

Growing consumer inclination towards hygiene has driven the demand for toiletries and personal care products which should drive product demand in Asia Pacific

Asia Pacific choline chloride market is slated to exceed USD 260 million by 2027, with substantial growth over the predicted time. High consumer inclination towards health and hygiene is rapidly driving the demand for personal care products in the region which should stimulate market growth. The demand for organic products is on rise along with new-age consumers are becoming health conscious and are focused on awareness of the ingredients used in the personal care products which should favor choline chloride business growth.

Increasing prevalence of pet adoption and rising expenditure on pet food should boost product demand. Rapid acceptance by industry players should increase the product’s market penetration along with an increase in marketing initiatives is expected to gain competitive advantage. Increasing demand for high-quality pet food solutions and product penetration in the market should augment the choline chloride market share.

Authors: Kunal Ahuja, Kritika Mamtani