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Betaine Market

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The research report on Betaine Market is segmneted by Product Type, and by Application – Size, Share, Outlook and Opportunity Analysis, 2018 - 2025
Betaine Market – Size, Share,
Outlook and Opportunity Analysis,
2018 - 2025
Betaine is an amino acid, which is available in both natural and synthetic form. Natural
betaine is commonly derived from sugar beet and its derivatives such as vinasses and
molasses. Synthetic betaine such as is widely available in the market. Betaine is
consumed as dietary supplement and used in animal nutrition, personal care products,
food & beverages, and pharmaceutical industry. Wide range of applications of betaine is
due to its ability to donate methyl group and act as an osmolyte.
Market Dynamics
Betaine reduces risk of cardiovascular diseases, improves liver function & detoxification,
and aids in digestion, therefore it is used as a popular dietary supplement. Rising health
awareness among consumers and growing demand for nutritional supplements are
driving growth of the global betaine market. For instance, according to Council for
Responsible Nutrition, 68% of the American population consumed dietary supplements
in 2015.
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Growing demand for sports nutrition is also increasing betaine demand as it improves
muscle power endurance and accelerates muscle growth and fat loss. For instance,
according to a study by Coherent Market Insights, global sports nutrition market is
estimated to reach US$ 48.87 billion by 2025 from US$ 27.85 billion in 2016.
Increasing demand for betaine and its derivatives in pharmaceutical industry is fuelling
growth of the betaine market as betaine hydrochloride is used in the treatment of
hypochlorhydria, hyperkalemia, liver disorders, homocystinuria and gastrointestinal
disturbances. Thus, growth in pharmaceutical industry is aiding growth of the betaine
market. According to International Federation of Pharmaceutical Manufacturers &
Associations, global pharmaceutical market is expected to reach US$ 1,430 billion by
2020.
Betaine is used in animal nutrition as an osmoregulator to reduce negative effects of
coccidiosis and heat stress. Growing demand for animal feed and its additives, globally
is propelling growth of the global betaine market. According to Coherent Market Insights
study, global animal feed additives market was pegged at US$ 16.27 billion in 2016,
and is expected to expand at a CAGR of 4.43% during the forecast period (2018-2025).
Regulations on the use of betaine in various applications is hindering growth of the
global betaine market. For instance, EU Regulation 2015/1060 of July 2015, regulates
authorization of betaine hydrochloride and betaine anhydrous as feed additives for
animal species. Furthermore, 21CFR310.540 of the U.S. Food and Drug Administration
regulates use of betaine hydrochloride as over-the-counter (OTC) stomach acidifiers.
Betaine Market Outlook
● North America held the highest market share in the global betaine market in
2017. Growing consumption of dietary supplements is a major driver for growth
of this market in North America. For instance, according to Council for
Responsible Nutrition, 76% adults in the U.S. consumed dietary supplements in
2017. Moreover, according to Canadian Community Health Survey, 45.6% of the
Canadians consumed health supplements in 2015.
● Asia Pacific is the fastest growing betaine market during the forecast period
(2018-2025), owing to growing demand for nutraceuticals and healthcare
products in China, Japan, South Korea, and India. According to International
Trade Association (ITA), China is the second-largest pharmaceuticals market in
the world with a total pharmaceuticals sales value of US$ 108 billion in 2015.
● Europe held a significant market share in the global betaine market in 2017, with
countries such as Germany, France, and U.K. as the major growth in the region.
This is attributed to growing demand for betaine in personal care products and
food and beverages. Natural betaine is used in personal care products, owing to
its various advantages such as moisturizing effect, controlling water balance in
skin, strengthening skin barrier, reducing mechanical and chemical irritation, and
anti-inflammatory effect. According to Cosmetics Europe, European cosmetics
market value by retail sales was US$ 89.57 billion and was the largest cosmetics
market in the world in 2016.
Key Players
● Players operating in the global betaine market are focusing on research and
development, partnerships, and other strategies to develop new products and
expand business. For instance, in July 2015, BASF and Solazyme, Inc. launched
an algal betaine surfactant obtained from microalgae oil, to be used as personal
care product. Furthermore, in April 2018, Cellucor launched C4 on-the-go
carbonated pre-workout drink, which contains betaine as one of the active
ingredient.
● Key players operating in the global betaine market include American Crystal
Sugar Company, BASF SE, DowDuPont Inc., Lubrizol Corporation, Nutreco N.V.,
Amino GmbH, Kao Corporation, Solvay S.A., Stepan Company, and Evonik
Industries AG among others.
For More Information​ :
https://www.coherentmarketinsights.com/ongoing-insight/betaine-market-2140
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting services,
and competitive analysis through various recommendations related to emerging market
trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
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