Global Betaine Market Overview:
Betaine is a neutral chemical compound and is usually found in different vegetables, such as spinach, sugar beet, cereals, broccoli, and others. Betaine helps in healthy metabolism and is extensively used in the food industry. Betaine market is growing due to rise in applications in the food & beverages, animal feed, cosmetics, and detergents. Further, increasing demand from the developing countries expected to drive the demand for betaine over the forecasted period. According to AMA, the Global Betaine market is expected to see growth rate of 5.16%
- Increasing Application of Betaine in the Personal Care Industry
- Growing Awareness about Health Benefits of Betaine
- Increasing Demand for Betaine Anhydrous
- Rising Applications of Betaine in the Animal Feed
- Stringent Government Regulations Regarding Use of Betaine
- Increasing Demand of Betaine for the Sport Drinks and Dietary Supplement
- Emergence of Betaine as a Natural Anti Stress Agent in Feed
- Side Effects May Results Due to Excess Betaine Consumption
Number of players are present in the market hence fragmented nature of the market. Leading global players are focusing on strategic partnerships to improve their products. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Some of the key players profiled in the report are Associated British Food Plc (United Kingdom), BASF SE (Germany), E. I. du Pont de Nemours and Company (United States), Nutreco N.V. (The Netherlands), Solvay S.A. (Belgium), American Crystal Sugar Company (United States), Amino GmbH (Germany) and Kao Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like Stepan Company (United States) and Sunwin Chemicals (China). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Betaine market by 2024. Considering Market by Form, the sub-segment i.e. Betaine Anhydrous will boost the Betaine market.
“In 2017, the European Food Safety Authority (EFSA) Panel on Nutrition, Novel Foods and Food Allergens (NDA) concluded that betaineas a novel food (NF) is safe to be used at a maximum intake level of 6 mg/kg body weight per day in addition to the intake from the background diet.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Betaine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Betaine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Betaine Raw Material Suppliers and Distributors, Betaine Traders, Distributors, and Dealers, Food and Feed Manufacturers, Biotechnology-Based Organizations, Industry Associations, Betaine End Users, Research and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.