Betaine Market Analysis 2019 By Global Industry Size, Share, Forecast to 2022
Posted by Nikhil khadilkar on December 5th, 2019
Betaine Market Scenario
Betaine is a derivative of the nutrient choline which is found in microorganisms, plants, and animals and is a significant component of many foods, including wheat, shellfish, spinach, and sugar beets. The chemistry of betaine is such, that it holds several health benefits, hence, its supplement is gaining momentum among people. This is observed as major factor that can propel the betaine market. The increase in cases of patients suffering from gastric intestinal (GI) disorders, especially improper digestion, can spur the betaine market growth. The lack of intake of proper diet and hectic schedule of working professionals seems to favour the betaine market growth. Another serious issues for which betaine supplements are gaining popularity is due to its ability to boost metabolism, support liver function, improve muscle mass, and aid in detoxification of the body.
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Hence, the rising number of obese adults, to whom betaine is an excellent medical solution, can contribute to the global betaine market expansion. Betaine reduces the homocysteine amino acid that protects the heart. Due to this, a surge in the adoption of betaine is observed among the rising number of patients down with cardiovascular malaises. Thereby, again acting as a market booster that can impel the betaine market growth. Furthermore, surge in the growth of the betaine market can also be noted due to the invasion of e-commerce, backed by digitalization is also expected to surge the market.
Associated British Foods PLC (U.K.), DuPont (U.S.), Amino GMBH (Germany), BASF SE (Germany), Nutreco N.V. (Netherlands), E. I. du Pont de Nemours and Company (U.S.) and Kao Corporation (Japan).
The global betaine market has been segmented on the basis of type, form, and application.
On the basis of type, the betaine market has been segmented into natural betaine and synthetic betaine.
On the basis of form, the betaine market has been segmented into Betaine Anhydrous, Betaine Monohydrate, Cocamidopropyl Betaine, and others. The wide acceptance of anhydrous betaine denotes that the betaine anhydrous segment can register a substantial CAGR over the review period.
On the basis of application, the betaine market has been segmented into pharmaceutical, dietary supplements, cosmetics, animal feed, and others. The dietary supplements segment is likely to exhibit the highest growth due to the increase in the adoption of betaine supplements.
Based on the region, the global betaine market has been studies across North America, Asia Pacific, Europe, and rest of the world (ROW).
North America region, followed by Europe is likely to hold the largest share of the global betaine market. The elevated governmental and regulatory body support for launch of new supplements and research and developmental activities can escalate the regional market growth. The surge in use of betaine in animal feed can drive up the market growth in the North American region. Europe is expected to witness a considerable growth of the betaine market, as the regional pharmaceuticals are making brilliant efforts in research and development activities to launch more effective products.
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The rising awareness about health benefits of betaine and hike in the sales number are anticipated to play a significant role to shoot up the betaine market growth curve in the Asia Pacific region. The emerging economies like the China, India, and Japan are expected to invest in research and developmental activities. This can push the regional market growth.
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About the AuthorNikhil khadilkar
Joined: December 19th, 2018
Articles Posted: 481
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