Betaine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Betaine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2199
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Market Overview:

The global betaine market size reached US$ 3.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2027, exhibiting a growth rate (CAGR) of 5.39% during 2022-2027.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global betaine market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, product type and end-use industry.

Breakup by Source:

  • Synthetic
  • Natural


Breakup by Product Type:

  • Betaine Anhydrous
  • Betaine Monohydrate
  • Betaine HCl
  • Cocamidopropyl Betaine
  • Others
     

Breakup by End-Use Industry:

  • Food Industry
  • Feed Industry
  • Personal Care Industry
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being United Sugars Corporation, AMINO GmbH, Associated British Foods plc, BASF SE, The Dow Chemical Company, Evonik Industries AG, Kao Group, Merck KGaA, Nutreco N.V., Solvay SA, and Stepan Company

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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 United Sugars Corporation, AMINO GmbH, Associated British Foods plc, BASF SE, The Dow Chemical Company, Evonik Industries AG, Kao Group, Merck KGaA, Nutreco N.V., Solvay SA, and Stepan Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
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)


Key Questions Answered in This Report:

  • How has the global betaine market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global betaine market?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global betaine market and who are the key players?
  • What is the degree of competition in the industry?

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Betaine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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