Food Betaine Market
The Global Food Betaine market was estimated to be USD XX billion in 2015 and expected to reach USD XX billion by 2020 at a CAGR of 5.7% during the forecasted period 2016-2020. Betaine is an amino acid also known as trimethylglycine that has shown potential benefits for fighting heart disease, improving blood composition and helping promote muscle gain and fat loss. It can be prepared synthetically or from sugar beet molasses and extensively used in food and personal care products.
Growing potential for Betaine in food and feed industry is the chief contributor for the growth of the market. The raising demand for natural Betaine in various food products like cereal- based and confectionaries is further fueling the market. Growing popularity among consumers regarding the numerous nutritional benefits of Betaine and Multi-functional usages in food and personal care are other major drivers. However, Excessive usage can lead to allergies and may cause many side effects to human health and increasing raw material price are hindering the market growth.
The market is segmented into by type, by form and by application. On the basis of type, the market is segmented into Natural and synthetic Betaine. Synthetic betaine is the largest segment however, natural betaine is expected to be the fastest growing in the forecasted years due to increasing health consciousness among consumers and awareness on the adverse effects of synthetic betaine.
On the basis of form it is classified into cocamidopropyl Betaine, betaine anhydrous, betaine monohydrate, Betaine Hydrochloride and others. among those Betaine Hydrochloride is expected to be the fastest growing due its organic in nature and numerous health benefits to human health.
Further, segmented on the basis of applications such as beverages, confectionary, cereal products, dairy, nutritional supplements etc. the major applications can be seen in nutritional supplements due to its numerous health benefits and it is also accepted as anti-stressing agent and found to improve athletic performance.
North America is the major market for Betaine due to raising demand of health drinks and followed by Europe. In Europe, various food regulatory bodies have accepted the consumption of Betaine. Therefore, growing applications in food industry is driving the Betaine market in Europe. However, Asia pacific is expected to be the fastest growing market owing to raising demand for sports drinks and dietary supplements followed by North America.
The major players in the market are BASF SE , Associated British Food plc., E. I. Du Pont de Nemours , American Crystal Sugar Company , Solvay S.A, Nutreco N.V., Kao Corporation, Amino GmbH, Sunwin Chemicals, Weifang Sunwin Chemicals Co. Ltd, Stepan Company. The major companies are focusing in sports and dietary supplements industry in order to gain the competitive edge.
Key Deliverables in the Study
Market analysis for the Global Food Betaine market , with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the Global Food Betaine market .
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major regions in country where this industry is blooming and to also identify the regions that are still untapped.
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