The Betaine Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Betaine Market is estimated to be USD 2.95 billion in 2016 and predicted to rise to USD 4.02 billion by 2021 with a CAGR of 6.4%. The market is segmented by Type (Synthetic Betaine and Natural Betaine), by Form (Betaine Anhydrous, Cocamidopropyl Betaine, Betaine Monohydrate), by Application (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Detergents). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Betaine market is growing at a rapid pace due to the use of betaine across different industries. Due to its water retention and moisture holding properties, the usage of betaine has increased as a personal care product. Betaine is also extensively used in sports drink and thus driving the demand in the developing regions. The overconsumption of betaine leads to many health related problems and thus restricts the market. Also, the presence of substitutes such as Dimethylthetin and DL-Methionine also limits the growth of the market.
The food & beverages sector is estimated to be having the highest market share due to its various use in different foods owing to its nutritional values and the increased usage in the sports drink. The pharmaceutical sector is projected to grow at the highest CAGR due to various health benefits of consuming betaine like the treatment of muscular weakness and healthy meatabolism.
The largest segment geographically is North America, in terms of market share which is closely followed by Europe. The use of betaine in various industries including food & beverages, pharmaceuticals and cosmetics drive the market for betaine in the North America region. The Asia-Pacific region is projected to grow at the highest pace due increased demand in developing Asian countries such as India, China, etc.
Some of the major players dominating the market include Associated British Food Plc, BASF SE, DuPont, Nutreco N.V., Solvay S.A., American Crystal Sugar Company, Amino GmbH, Kao Corporation, Stepan Company, and Sunwin Chemicals.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-betaine-market-2519/” and checkout our recent reports in the Supplements category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-supplements-16/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.