| Product Code: ETC4484845 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India choline chloride market import shipments demonstrated robust growth from 2020 to 2024, with a notable CAGR of 43.9%. The momentum accelerated even further between 2023 and 2024, showcasing a growth rate of 90.9%. The market expanded significantly, indicating a strong upward trend and increasing demand during this period.
Choline chloride is used in various applications, including animal feed, human nutrition, and industrial processes. The market in India is influenced by the agriculture and food sectors, as well as industrial demand. As these industries grow, so does the demand for choline chloride.
The choline chloride market is driven by its applications in the feed and food industries. As livestock and poultry production increases to meet rising protein demands, the need for choline chloride as a feed supplement grows. Additionally, it is used in the pharmaceutical and chemical industries, further boosting the market.
The India Choline Chloride market faces challenges related to supply chain disruptions, as choline chloride is primarily imported. Quality control issues and the need for continuous testing for purity and safety hinder market growth. The market also lacks widespread awareness, making consumer education a priority for the industry. Additionally, competition with other animal feed additives and substitutes adds to the complexity. To address these challenges, market players must focus on ensuring a consistent supply chain and improving product quality.
The India choline chloride market faced disruptions during the pandemic due to restrictions on industrial activities and supply chain interruptions. However, as the market adapted to new safety standards and changing consumer preferences, it showed resilience and opportunities in applications like animal feed and pharmaceuticals.
Key Players in the market are Balaji Amines Ltd, GBC Fine Chemicals, Jubilant Life Sciences Ltd, Algry Qu?mica, Balchem Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Choline Chloride Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Choline Chloride Market Revenues & Volume, 2021 & 2031F |
3.3 India Choline Chloride Market - Industry Life Cycle |
3.4 India Choline Chloride Market - Porter's Five Forces |
3.5 India Choline Chloride Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Choline Chloride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for poultry and aquaculture products in India, leading to higher consumption of choline chloride as a feed additive. |
4.2.2 Growing awareness about the benefits of choline chloride in improving animal health and productivity. |
4.2.3 Rise in disposable income and changing dietary preferences driving the consumption of meat products, thereby boosting the demand for choline chloride. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in choline chloride production impacting overall product cost. |
4.3.2 Stringent regulations and quality standards in the animal feed industry affecting the adoption of choline chloride. |
4.3.3 Competition from alternative feed additives and supplements limiting market growth. |
5 India Choline Chloride Market Trends |
6 India Choline Chloride Market, By Types |
6.1 India Choline Chloride Market, By End-User |
6.1.1 Overview and Analysis |
6.1.2 India Choline Chloride Market Revenues & Volume, By End-User, 2021-2031F |
6.1.3 India Choline Chloride Market Revenues & Volume, By Poultry feed, 2021-2031F |
6.1.4 India Choline Chloride Market Revenues & Volume, By Swine feed, 2021-2031F |
6.1.5 India Choline Chloride Market Revenues & Volume, By Ruminant feed, 2021-2031F |
6.1.6 India Choline Chloride Market Revenues & Volume, By Aqua feed & others, 2021-2031F |
6.1.7 India Choline Chloride Market Revenues & Volume, By Human nutrition , 2021-2031F |
6.1.8 India Choline Chloride Market Revenues & Volume, By Oil & Gas, 2021-2031F |
7 India Choline Chloride Market Import-Export Trade Statistics |
7.1 India Choline Chloride Market Export to Major Countries |
7.2 India Choline Chloride Market Imports from Major Countries |
8 India Choline Chloride Market Key Performance Indicators |
8.1 Average selling price (ASP) of choline chloride products in India. |
8.2 Adoption rate of choline chloride in different livestock segments. |
8.3 Research and development investment in choline chloride technology and product innovation. |
8.4 Production capacity utilization rate of choline chloride manufacturers in India. |
9 India Choline Chloride Market - Opportunity Assessment |
9.1 India Choline Chloride Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Choline Chloride Market - Competitive Landscape |
10.1 India Choline Chloride Market Revenue Share, By Companies, 2024 |
10.2 India Choline Chloride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |