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The global betaine market reached a value of US$ 3.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Betaine refers to an organic nitrogenous compound that is used for preventing the build-up of amino acid in blood vessels. It is naturally found in microorganisms, plants and animals, including seafood, wheat, spinach and sugar beets, and can be chemically synthesized using chemical agents and intermediates. It aids in metabolizing homocysteine to ensure the normal functioning of the bones, eyes, heart, muscles and nerves and minimizing the risks of cardiovascular diseases and stroke, along with improving digestion, liver functioning and muscle growth.
Significant growth in the pharmaceutical, nutraceutical and food and beverage industries is one of the key factors driving the growth of the market. Owing to the rising health consciousness among the masses, there is an increasing preference for dietary supplements and nutritional products, such as protein powders and energy supplements, that are a rich source of betaine. The widespread adoption of betaine as an anti-stress agent in animal feed is also providing a boost to the market growth. Betaine is used in various feed additives to improve the metabolism in farm animals and minimize the risks of visual abnormalities and developmental delays that are associated with its deficiencies. Additionally, increasing utilization of betaine for the manufacturing of numerous industrial products, such as paints, detergents, coatings and plastics, is creating a positive impact on the market growth. Other factors, including the utilization of betaine as an emulsifier, surfactant and emollient in personal care products, along with rapid industrialization, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global betaine market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on source, product type and end-use industry.
Breakup by Source:
Breakup by Product Type:
Breakup by End-Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being American Crystal Sugar Company (United Sugars Corp.), Amino GmbH, Associated British Foods PLC, BASF SE, Dow Inc., Evonik Industries AG, Kao Corporation, Merck KGaA, Nutreco (SHV Holdings), Solvay, Stepan Company, etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Source, Product Type, End-Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||American Crystal Sugar Company (United Sugars Corp.), Amino GmbH, Associated British Foods PLC, BASF SE, Dow Inc., Evonik Industries AG, Kao Corporation, Merck KGaA, Nutreco (SHV Holdings), Solvay and Stepan Company|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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