Global betaine market size to reach US$ 5.0 Billion by 2027, exhibiting a growth rate (CAGR) of 5.39% during 2022-2027.
BROOKLYN, NEW YORK, UNITED STATES, February 14, 2023 /
EINPresswire.com/ -- The latest report by IMARC Group, titled โ๐๐๐ญ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐
๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐โ, 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, also known as betaine anhydrous or trimethylglycine (TMG), is a substance that naturally occurs in the body. It can also be found in foods like spinach, beets,
seafood, wine, and cereals. It is extensively distributed among microorganisms, animals, and plants. It is known to function physiologically as a significant osmoprotectant, as well as a methyl group donor. According to the US Food and Drug Administration (FDA), betaine can treat a genetic condition where too much homocysteine builds up in the body.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐
๐ซ๐๐ ๐๐๐
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๐๐๐ญ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The global betaine market is driven by substantial growth in the pharmaceutical,
food and beverage, and nutraceutical industries across the globe. Apart from this, the rising demand for nutritional products and dietary supplements is aiding the market growth. Besides this, the extensive adoption of betaine as an anti-stress agent in animal feed is also supporting the growth of the market. Betaine is employed in several feed additives to enhance the metabolism of farm animals and reduce the risks of visual abnormalities as well as developmental delays that are linked to its deficiencies.
In addition, the health benefits linked to product consumption, like better metabolism, endurance, and muscle strength, are expected to boost the demand for the product. Moreover, its intrinsic properties, including high water holding capacity, promote its usage in toiletries and cosmetics, which is anticipated to have a positive influence on the market growth.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The competitive landscape of the industry has also been examined with some of the key players.
โข American Crystal Sugar Company (United Sugars Corp.)
โข Amino GmbH
โข Associated British Foods PLC
โข BASF SE
โข Dow Inc.
โข Evonik Industries AG
โข Kao Corporation
โข Merck KGaA, Nutreco (SHV Holdings)
โข Solvay
โข Stepan Company
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has categorized the market based on source, product type and end-use industry.
Breakup by Source:
โข Synthetic
โข Natural
Breakup by Product Type:
โข Betaine Anhydrous
โข Betaine Monohydrate
โข Betaine HCl
โข Cocamidopropyl Betaine
โข Others
Breakup by End-Use Industry:
โข Food Industry
โข Feed Industry
โข Personal Care Industry
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Ask Analyst for Customization and Explore full report with TOC & List of Figures:
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๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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