The Global Betaine Market accounted for US$ 3,312 Mn in 2018 and is expected to grow at a CAGR of 5.1% during the forecast period 2019 – 2027, to account to US$ 5,110 Mn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Betaine is defined as a type of neutral chemical compound which can be obtained naturally or can be made through artificial techniques. It helps to reduce the production rate of amino acid in the human body and improves the metabolism in the body. The U.S.A. Food and Drug Administration (FDA) regulates the levels of betaine to be used in the food and pharmaceutical products. Betaine is also approved by the FDA to treat a genetic state, where excessive amounts of homocysteine develop in the human’s body.
Thus, it should be consumed at a recommended level. Manufacturers of food products are strictly following the recommended levels of betaine. Betaine is highly being used in the pharmaceuticals industry, as it aids in maintaining digestive health, proper liver functioning, and fat loss, among others.
Due to this, pharmaceutical manufacturers are increasingly being developing products with betaine as a composition. Thus, betaine market is expected to grow with the rise in pharmaceuticals industry. Thus, the aforementioned factors depict that favorable government initiatives are boosting the growth of the global betaine market.
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Top Key Players: American Crystal Sugar Company., AMINO GmbH, BASF SE, E. I. Du Pont De Nemours and Company, Evonik Industries AG, Kao Corporation, The Lubrizol Corporation, Solvay, Stepan Company, Weifang (shanghai) Sunwin Chemicals Co Ltd, and among others.
GLOBAL BETAINE MARKET SEGMENTATION
Global Betaine Market – By Type
- Synthetic Betaine
- Natural Betaine
Global Betaine Market – By Form
- Betaine Anhydrous
- Cocamidopropyl Betaine
Global Betaine Market – By Application
- Food and Beverages
- Animal Feed
The overall global betaine market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the betaine market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the betaine market.
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Table of Content:
- Key Takeaways
- Research Methodology
- Betaine Market Landscape
- Betaine Market– Key Industry Dynamics
- Betaine Market– Global Analysis
- Betaine Market Revenue and Forecasts To 2027 – By Product & Services
- Betaine Market Revenue and Forecasts To 2027 – By Sample Type
- Betaine Market Revenue and Forecasts To 2027 – By Application
- Betaine Market Revenue and Forecasts To 2027 – By End User
- Betaine Market Revenue and Forecasts To 2027 – Geographical Analysis
- Industry Landscape
- Betaine Market, Key Company Profiles
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