Betaine Market Scope
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%
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. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Betaine market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Stepan Company (United States) and Sunwin Chemicals (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Betaine market by Type (Synthetic Betaine and Natural Betaine), by Application (Food & Beverages [Dietary Supplements], Animal Feed, Cosmetics and Detergents) and Region with country level break-up.
On the basis of geography, the market of Betaine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
“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.”
- Increasing Demand for Betaine Anhydrous
- Rising Applications of Betaine in the Animal Feed
- Increasing Application of Betaine in the Personal Care Industry
- Growing Awareness about Health Benefits of Betaine
- Increasing Demand of Betaine for the Sport Drinks and Dietary Supplement
- Emergence of Betaine as a Natural Anti Stress Agent in Feed
- Stringent Government Regulations Regarding Use of Betaine
- Side Effects May Results Due to Excess Betaine Consumption
Key Target AudienceBetaine 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