psalexa

Betaine Market by Type (Synthetic, Natural), by Form (Cocamidopropyl Betaine, Betaine Monohydrate, Betaine Anhydrous), by Application (Food & Beverages, Detergents, Animal Feed, Cosmetics, Personal Care), by Geography (U.S., Canada, France, Germany, U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024

  • Publishing: May 2021
  • Report Code: CM10092
  • Available Format: PDF

Betaine Market Overview

The major trend being witnessed in the global betaine market is the emergence of new application of betaine as anti-stress agent in domestic animals. With the onset of more awareness about health of farmed animals, a large number of farmers are shifting toward health supplements to boost the state of well-being of the animals. It is one such compound that has numerous health benefits such as improving digestion, heart health, supporting liver functioning, and muscle growth. Moreover, in the recent times, it is increasingly being adopted in stress relieving applications in the area of animal husbandry.

Betaine is a type of amino acid compound, which is known by the name, trimethylglycine. It is a nutrient found in different types of food sources such as wheat bran, sugar beets, spinach, bulgar grain, and veal. The animal husbandry industry is expanding in the developing countries of Asia-Pacific, leading to higher consumption of feed. The betaine market is rapidly expanding in the European nations, after the approval of use of trimethylglycine in feed, food, and beverages by the regulatory bodies. The demand for the compound is also driven by its uses in food and beverages, and cosmetic industries, owing to water-holding and moisturizing properties.

On the basis of type, the betaine market is categorized into synthetic betaine and natural betaine. The demand for synthentic betaine is expected to grow at a significant pace as modern healthcare industry requires synthetic betaines to fulfil nutritional requirement of an animal or an individual, which otherwise cannot be done by natural ones.

On the basis of form, the market is categorized into cocamidopropyl betaine, betaine monohydrate, betaine anhydrous, and others (betaine HCL, betaine aspartate, and betaine citrate). Demand for cocamidopropyl betaine is expected to grow at a significant pace, owing to its rising demand from end-use industries such as personal care and cosmetics. Moreover, the increase in the popularity of energy and sports drinks is expected to boost the betaine market in the near future.

Based on the application, the betaine market is categorized into food and beverages, detergents, animal feed, cosmetics, personal care, and others (pharmaceuticals and reagents). The rising awareness on improving the health of individuals and associated benefits of trimethylglycine in personal care products is expected to drive the market.

Based on region, the betaine market is categorized into Europe, North America, Asia-pacific, Latin America, and Middle East and Africa. Among all the regions, Asia-Pacific region held a significant share in the market driven by the demand for betaine-based products used in personal care, cosmetics, and healthcare. Over the coming years, the region will continue to dominate the market as a result of rising awareness on health in countries such as China, India, and Vietnam.

Betaine Market Dynamics

Drivers

Major driver identified in the betaine market is the rising demand for the compound from the animal feed, and food and beverages industries. The market is anticipated to increase with a rise in awareness about nutritional value of the product when utilized in multi-functional usage as well as in dietary supplement, such as methyl donor and surfactant. The increase in the popularity of energy and sports drinks in which the compound is used has further extended the scope for the market. The growth of emerging countries are estimated to boost the betaine market in near future.

Restraints

Major restraint identified in the betaine market is saturated market conditions for the compound in developed regions such as Europe and North America. Some of the European and North American nations have been witnessing population stagnation or decline, which is resulting in restraining the demand for the product. Moreover, these countries are also shifting away from the expansion of animal husbandry industry, which is further acting as a major constraint in the market.

Opportunities

With rapid economic development, the betaine market is growing exponentially in emerging economies. The growing income and focus on healthy life style, the demand for betaine-based health supplements such as drinks and other nutrients are rising at a rapid pace. In coming years, emerging countries are expected to witness rise in the middle-class population that will further boost the demand for health-related products. Owing to the rising demand for the health-related products, the market will continue to grow at a rapid pace during the forecast period.

Betaine Market – Competitive Landscape

Some of the major players operating in the global betaine market are Associated British Foods plc, BASF SE, DowDupont Inc., Nutreco N.V., Solvay S.A., American Crystal Sugar Company, Kao Corporation, Stepan Company, Amino GmbH, and Sunwin Chemicals Co. Ltd.

Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws