Betaine Market Outlook 2018 Globally
Added: (Wed Jan 02 2019)
Pressbox (Press Release) -
Axiom Market Research & Consulting added a, “Betaine Market Report, By Type, Form, Application and Geography – Global Market Share, Trend Analysis & Forecast Up To 2024” Betaine is a polar but neutral zwitterionic compound which is highly soluble in water. Moreover, it is a naturally produced as a by-product of the sugar beet industry. It is a non-essential nutrient which performs several important physiological functions in organisms and has a potential for prevention of chronic diseases and that its dietary intake may contribute to overall health enhancement.
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Betaine Market Analysis:
The betaine market has shown sustainable growth owing to rising demand from personal care & cosmetic industry, food industry and increasing perseverance among the consumers toward the health benefits of betaine consumption at recommended dosages.
Moreover, growing health concern coupled with growing potential for betaine in the feed segment are the prominent factors leading to the growth of betaine market globally. Rising demand for health supplements and nutritive food products is expected to support the market of betaine across the globe.
Global Betaine Market Segmentation Based On:
By Type:
Based on type, the market is segmented into synthetic betaine and natural betaine. Among all major type, the bakery synthetic segment dominated the market in 2017. However, the natural betaine segment is expected to grow at a faster pace during the forecast period due to significant shift of the consumers from synthetic betaine market to natural betaine owing to increasing awareness about the benefits offered by the natural betaine
By Form:
Furthermore, on the basis of form the global betaine market is categorised into betaine anhydrous, cocamidopropyl betaine and betaine monohydrate.
By Application:
Based on application, this betaine market is classified into food & beverages, animal feed, cosmetics, detergents and other applications. The food & beverage segment dominated the market in 2017 as it is majorly used in functional drinks to increase the nutritional value and rising demand among consumers regarding the usage of natural products in beverages. Likewise, pharmaceutical segment is expected to account for major market share followed by personal care in the future.
By Geography:
Geographically, the global betaine market is categorized into North America, Europe, Asia Pacific and Rest of the World. Rest of the world comprises of Latin America and Middle East & Africa. In 2017, North America held the largest market share of the global betaine market, due to rapid changes in consumer lifestyle which affects the food and consumption habits and increasing awareness for nutritional benefits of betaine. Furthermore, Asia Pacific is anticipated to grow at a faster pace in during the projected period, due to increasing demand for betaine in developing and developed countries such as India and China.
Brows Full Report Details:
https://axiommrc.com/product/fb1831betaine-market/
Leading Key Partners of Betaine Market:
Associated British Foods PLC, BASF SE, E.I. Dupont De Nemours & Company, Nutreco N.V, Solvay, KAO Corporation, Stepan Company, Amino, Sunwin Chemicals Co., Ltd and among others
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