Global Betaine Market, By Type (Natural Betaine, Synthetic Betaine), Form (Betaine Anhydrous, Betaine Monohydrate, Cocamidopropyl Betaine, Others), Application (Food & Beverages, Animal Feed, Cosmetics, Detergents, Others), End-User (Food Industry, Feed Industry, Personal Care Industry, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Betaine Market
Global betaine market is expected to register a conservative CAGR in the forecast period of 2019-2026. The report is based on the data from the base year of 2018 and the historic year of 2017. The market is expected to grow at a modest rate due to the increasing awareness regarding the benefits associated with the consumption of betaine. The market is also driven by the growing demand from various end-users.
Market Definition: Global Betaine Market
Betaine is known as a type of amino acid chemical compound that is processed from a number of vegetables. With its consumption, there is an increased rate of metabolism and it also helps in improving the performance of the body, even healing muscle weakness. It has lately been used in a number of applications majorly in the food & beverage industry and also in the pharmaceutical industry due to its advantages in the treatment of heart and liver disorders.
- Growing awareness regarding the benefits of betaine is expected to drive the market growth
- Growing demand from the various applicable end-user industry is also expected to drive the market growth
- Stringent regulations and side effects associated with overconsumption of betaine is expected to act as a restraint to the market growth
- Availability of substitutes in the form of DL-Methionine and dimethylthetin is also expected to restrain the market growth
Segmentation: Global Betaine Market
- By Type
- Natural Betaine
- Synthetic Betaine
- By Form
- Betaine Anhydrous
- Betaine Monohydrate
- Cocamidopropyl Betaine
- Betaine HCL
- Betaine Aspartate
- Betaine Citrate
- By Application
- Food & Beverages
- Animal Feed
- By End-User
- Food Industry
- Feed Industry
- Personal Care Industry
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In March 2018, Amino GmbH announced the formation of company AMixCo Premix GmbH with the focus entirely on amino acid premixes. With this formulation, higher quality and specific packs and needs will be met of the consumers.
- In February 2017, United Sugar Corporation managed by the American Crystal Sugar Company announced the initiation of bulk storage and transferring facility in Montogomery, Illinois, United States. Financed by American Crystal Sugar Company, the facility is expected to increase the distribution and sales in the surrounding areas.
Competitive Analysis: Global Betaine Market
Global betaine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of betaine market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Betaine Market
Few of the major competitors currently working in the betaine market are BASF SE, DuPont, Associated British Foods plc, Solvay, Nutreco, Kao Corporation, Amino GmbH, Stepan Company, American Crystal Sugar Company, Enaspol Inc., Norkem Limited, Sunland Chemical, Shanghai Kangxin Chemical CO.LTD.
Research Methodology: Global Betaine Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure