Betaine Market worth $3,686.0 Million by 2019, According to a New Study on ASDReports

Tuesday 10 June 2014, Amsterdam

$ The report "Betaine Market by Types (Natural and Synthetic), Applications [Food (Dietary Supplements and Others), Feed, Industrial (Cosmetics, Detergents, and Others)] & Geography - Global Trends & Forecasts to 2019” defines the betaine market and its segments with analysis and projections of the market size of each of these segments, in terms of, value ($million) and volume (tons). It also identifies the drivers and restraints for the betaine market, with analysis of trends, opportunities, burning issues, and winning imperatives.

The betaine market is driven by the increase in consumption of natural betaine in food, beverages and feed industry. Betaine is being widely used as an additive to add nutritive value in dietary supplements and energy drinks. The consumption of natural betaine in other food products such as confectioneries, cereal based products, and so on is projected to abet the growth of the betaine market in the food and beverage industry. The inclusion of betaine in feed helps to improve the metabolic functions, and reduce the effects of heat stress in animals. Synthetic betaine is widely being used in industrial applications such as cosmetics, detergents, reagents and many others. In cosmetics, betaine is used as an anti-wrinkling agent, where as it is used as a mild surfactant in soaps, shampoos, and detergents to avoid skin and eye irritation.

The key market players continue to invest and expand their facilities in various covered and uncovered areas to sustain themselves in the competitive market. The key manufacturers are also investing a high part of their revenue in R&D to launch various grades and forms of betaine which can be used in food, feed, and industrial sectors.

In 2013, North America was the largest market for betaine due to its wide application in industrial purposes. The Asia-Pacific market for betaine is projected to grow at the highest CAGR due to the emerging need for dietary supplements and health drinks in China and India. In the European market, several regulatory bodies such as FEEDAP and Novel Foods Regulation carried out a study regarding the effects of betaine when used in feed and food industry. These studies registered several positive effects of betaine when used in adequate quantity. Hence, the volume consumption of betaine in Europe is projected to grow with the increase in application in the food and beverage industry.

The report includes development strategies and product portfolio of the leading companies. The company profiles of leading companies such as the Associated British Foods plc (U.K.), Solvay (Belgium), BASF SE (Germany), and DuPont (U.S.) have been included in this report.