Betaine Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3837
Betaine Market size should exhibit significant growth over the projected timespan pertaining to the growing demand for dietary supplements. Betaine enhances the function of internal organs and improves digestion & heart health. Increasing nutritional deficiencies in food along with rising health diseases rate is likely to accelerate market growth.
Betaine is a naturally occurring amino acid compound which is also known as trimethylglycine (TMG). The nutrient is found in several food sources such as sugar beet, broccoli, wheat, brown rice and spinach. It is extensively utilized in cosmetics, animal feed, food & beverages and pharmaceutical industry owing to its ease of digestion, rich nutrient content and superior moisturizing properties.
Rising health concerns among poultry animals along with increasing demand for high performance feed additives in animal nutrition is likely to boost betaine market demand. Consumption of betaine in animal feed enhances the productivity, increases lean meat yield and reduces cost by reduction of choline chloride and methionine in feed formulations. Global feed volume amounted over at USD 1,065 million metric tons which shows favorable circumstances for market growth. Rising population along with increasing consumer inclination towards high grade animal protein has enabled farmers to provide superior quality animal feed which is likely to fuel the product demand.
Use of synthetic cosmetics in personal care products often causes skin and hair problems. Betaine in cosmetics provides superior hydration to skin, decreases the depth of wrinkles and offer a smooth appearance to the face. Global anti-aging market amounted over at USD 50 billion in 2018 which is likely to have a positive impact on the market size. Increasing concerns towards the adverse effects of synthetic chemicals along with rising consumer awareness towards the use of organic additives in personal care industry is likely to boost the product demand.
Increasing health consciousness among consumers along with growing awareness towards the nutritional benefits of betaine in sports supplements industry may foster product demand. These products are highly stable & soluble, promote hydration and enhance atheletic performance. Global sports nutrition market size was valued over at USD 50 billion in 2018 owing to the increasing trend towards health & fitness. Rising disposable income along with increasing importance of nutrition for overall muscle growth is likely to fuel betaine market demand.
North America betaine market demand led by the U.S and Canada may witness significant growth during the forecasted timespan owing to the growing personal care industry in the region. Germany beauty & personal care market size was valued over at USD 15 billion which shows huge opportunities for the market growth. This product offers anti-inflammatory properties, prevents skin irritations and hydrates the skin which is the major driving factor of the market. Rising consumer inclination towards the benefits of organic cosmetic products along with increasing consumer focus towards personal grooming shall induce regional growth.
Europe driven by France, Italy, UK, and Germany betaine market size may witness substantial growth during projected timespan pertaining to the growing demand for high quality animal feed in the region. Germany export value of animal milk & dairy products accounted over at USD 10 billion in 2017 pertaining to increasing consumer awareness regarding nutritional value of dairy products. Betaine in animal feed maintains gut integrity, enhances metabolic rate, improves productive performance and maintains feed intake. Increasing consumer focus towards the quality of animal by products along with growing animal feed consumption is likely to fuel the regional growth.
Asia Pacific betaine market demand led by China, India and Japan shall witness remarkable growth pertaining to increasing healthcare facilities which has boosted pharmaceuticals industry in the region. India to Russia export revenue from drugs & pharmaceuticals valued over at USD 440 million in 2018 owing to rising disease prevalence . Pharmaceutical grade of betaine supports muscle growth , fat loss, promotes healthy hormone level in the body and supports liver function. Increasing penetration of healthcare & medicine along with growing expenditure in R&D is likely to fuel the regional growth.
Global betaine market share consists of several significant players. Companies such as BASF SE, Amino, Solvay, DuPont, Lubrizol, American Crystal Sugar Company, Nutreco N.V. and KAO Corp. are manufacturers in this market.
Betaine Market, By Form, 2014-2025 (Tons) (USD Million)
- Cocamidopropyl Betaine
- Betaine Anhydrous
- Betaine HCL
Betaine Market, By Type, 2014-2025 (Tons) (USD Million)
Betaine Market, By Application, 2014-2025 (Tons) (USD Million)
- Food & beverages
- Dietary supplement
- Animal Feed
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Amino GmbH
- Sunwin Chemicals.
- Evonik Industries
- American Crystal Sugar Company
- Associated British Foods
- Stepan Company
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