Global Betaine Market 2019-2023

The global betaine market size will grow by USD 956.31 million during 2019-2023, and the market's growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth. This market report provides a detailed analysis of the market by end-users (food and beverages, feed additives, personal care, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Associated British Foods Plc, BASF SE, DowDuPont Inc., Solvay Group, and Stepan Co.

Some of the key findings from this betaine market forecast report are summarized below

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Global betaine industry overview

The high use of betaine as an additive in dietary supplements and energy drinks and the consumption of natural betaine in the form of sugar beet in food products will boost its demand in the food and beverages industry. Moreover, the ability of betaine to decrease fat and protein deposition makes it suitable for use as an animal feed additive. Hence, betaine is widely used as a feed additive in poultry and cattle farming to improve carcass quality and treat fatty liver. The growth of the food and beverages and poultry and cattle farming industry will boost the demand of betaine as a food and feed additive.

The anti-aging, anti-inflammatory, and skin whitening properties of betaine make it ideal for use in skin care products. Betaine is also used in hair care products because of its ability to reduce hair fall and enhance hair growth. The demand for betaine toothpaste is also high as it helps in curing symptoms of dry mouth or xerostomia. Toothpaste with betaine reduces irritation and provides relief to patients with dry mouth caused by SLS in toothpaste. The increasing demand for betaine in the personal care industry will be one of the significant factors fueling betaine market growth at a CAGR of over 6% during the forecast period.

Top betaine companies covered in this market research report

The global betaine market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this betaine market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several betaine companies, including:

• Associated British Foods Plc
• BASF SE
• DowDuPont Inc.
• Solvay Group
• Stepan Co.

Betaine market segmentation based on end-users

• Food and beverages
• Feed additives
• Personal care
• Others

The food and beverages industry will account for the largest betaine market share. The rising demand for food additives with health benefits will be one of the significant factors fueling the demand of betaine from this segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the betaine market size.

Betaine market segmentation based on geographic region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the largest betaine market share throughout the forecast period. Factors such the rising demand for skin care products, increasing adoption of food additives in the food and beverages industry, and the growth of the pharmaceutical industry in North America will contribute to the betaine market growth in this region.

Key highlights of the global betaine market report for the forecast period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the betaine market during the next five years
• Precise estimation of the global betaine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the betaine industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of betaine companies

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