Europe Choline Chloride Market to Grow at a CAGR of 5.3% to reach US$ 242.6 million from 2019 to 2027

Europe Choline Chloride Market to 2027 - Regional Analysis and Forecasts by End-Use Industry (Feed Industry, Human Nutrition, Oil and Gas Industry, Others (Skin and Hair Care)), and Country

Publication Month : Mar 2020

  • Report Code : TIPRE00009821
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 127
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The Europe choline chloride market is accounted to US$ 152.9 Mn in 2018 and is expected to grow at a CAGR of 5.3% during the forecast period 2019 – 2027, to account to US$ 242.6 Mn by 2027.

Choline chloride is largely used as a feed additive for accelerating animal growth in which the animal feed has experienced a significant increase in the past few years. Choline chloride has also found a profound place in the oil and gas industry to be used as a clay stabilizer and has been estimated to create a significant opportunity for the choline chloride market all over the globe. Choline chloride is soluble in water as well as in alcohol which consists of deliquescent white crystals of neutral pH that makes it compatible to be consumed in the powdered or liquid form.

Europe Choline Chloride Market

Europe Choline Chloride Market
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Market Insights                 

Importance of choline chloride in the human nutrition industry to favor the Europe choline chloride market

Choline chloride has been known to play an essential role in human nutrition. The deficiency of choline has been reported to be possibly causing liver damage, muscle damage, and non-alcoholic fatty liver disease. Choline is a rich source of methyl groups that are necessary for various metabolic steps in the human body. Choline in the human body is required for the synthesis of sphingomyelin and phosphatidylcholine, which are the two significant phospholipid components in the cell membrane. Choline also plays an essential role in the production of acetylcholine in human body, which is an essential neurotransmitter for muscle control, mood, memory, and nervous and brain functioning. The inclusion of choline chloride in human nutrition is also necessary as it plays a vital role in cell membrane signaling, gene expression modulation, early brain development, and lipid transport and metabolism. Thus, rising awareness regarding the importance of choline in human nutrition has led the growth of the choline chloride market.

End Use Industry Insights

The Europe choline chloride market is segmented on the basis of end use industry is segmented into feed industry, human nutrition, oil and gas industry and others. The feed industry segment is expected to lead the Europe choline chloride market over the forecast period. Choline chloride is used in the manufacturing of animal feed and aqua feed products due to its high nutritional profile and the necessity of choline in maintaining and building of structural cells in the animals. Choline is induced in the vitamin B group that principally occurs as a methyl group donator. These labile methyl groups are necessary for the formation of vital body substances such as adrenaline and creatine and also in the metabolic reactions and fat conversions. Additionally, rapid growth in the feed industry in Europe region is fuelling the growth of the choline chloride market in the feed industry.

Rest of Europe Choline Chloride Market by Product

Rest of Europe Choline Chloride Market by Product
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EUROPE CHOLINE CHLORIDE MARKET SEGMENTATION

Choline Chloride Market, by End User Industry


  • Feed Industry
  • Human Nutrition
  • Oil and Gas Industry
  • Others

Company Profiles


  • ALGRY Química, S.L
  • BASF SE
  • Balaji Amines Ltd.
  • Balchem Corporation
  • Eastman Chemical Company
  • GHW EUROCHEMICALS s.r.o.
  • Jubilant Life Sciences Limited
  • NB Group Co., Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

End-Use Industry , and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

The List of Companies - Europe Choline Chloride Market

  1. ALGRY Química, S.L.
  2. BASF SE
  3. Balaji Amines Ltd.
  4. Balchem Corporation
  5. Eastman Chemical Company
  6. Jubilant Life Sciences Limited
  7. NB Group Co., Ltd.
  8. GHW EUROCHEMICALS s.r.o.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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