Product Code: SR112023A2199
Abstract
Market Overview:
The global betaine market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Betaine refers to an organic nitrogenous compound that is used for preventing the build-up of amino acid in blood vessels. It is naturally found in microorganisms, plants and animals, including seafood, wheat, spinach and sugar beets, and can be chemically synthesized using chemical agents and intermediates. It aids in metabolizing homocysteine to ensure the normal functioning of the bones, eyes, heart, muscles and nerves and minimizing the risks of cardiovascular diseases and stroke, along with improving digestion, liver functioning and muscle growth.
Significant growth in the pharmaceutical, nutraceutical and food and beverage industries is one of the key factors driving the growth of the market. Owing to the rising health consciousness among the masses, there is an increasing preference for dietary supplements and nutritional products, such as protein powders and energy supplements, that are a rich source of betaine. The widespread adoption of betaine as an anti-stress agent in animal feed is also providing a boost to the market growth. Betaine is used in various feed additives to improve the metabolism in farm animals and minimize the risks of visual abnormalities and developmental delays that are associated with its deficiencies. Additionally, increasing utilization of betaine for the manufacturing of numerous industrial products, such as paints, detergents, coatings and plastics, is creating a positive impact on the market growth. Other factors, including the utilization of betaine as an emulsifier, surfactant and emollient in personal care products, along with rapid industrialization, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global betaine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, product type and end-use industry.
Breakup by Source:
Synthetic
Natural
Breakup by Product Type:
Betaine Anhydrous
Betaine Monohydrate
Betaine HCl
Cocamidopropyl Betaine
Others
Breakup by End-Use Industry:
Food Industry
Feed Industry
Personal Care Industry
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being United Sugars Corporation, AMINO GmbH, Associated British Foods plc, BASF SE, The Dow Chemical Company, Evonik Industries AG, Kao Group, Merck KGaA, Nutreco N.V., Solvay SA, and Stepan Company.
Key Questions Answered in This Report:
- How has the global betaine market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global betaine market?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end-use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global betaine market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Betaine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Source
- 6.1 Synthetic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Natural
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product Type
- 7.1 Betaine Anhydrous
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Betaine Monohydrate
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Betaine HCl
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Cocamidopropyl Betaine
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End-Use Industry
- 8.1 Food Industry
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Feed Industry
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Personal Care Industry
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 United Sugars Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 AMINO GmbH
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Associated British Foods plc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 BASF SE
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 The Dow Chemical Company
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Evonik Industries AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Kao Group
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Merck KGaA
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Nutreco N.V
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 14.3.10 Solvay SA
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Stepan Company
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis