Global betaine market size was $2,637.5 million in 2012, and is projected to grow at a CAGR of 5.8% to reach $3,686.0 million by 2019.
Dallas, TX -- (SBWIRE) -- 07/09/2014 -- The report "Betaine Market by Types (Natural and Synthetic), Applications [Food (Dietary Supplements and Others), Feed, Industrial (Cosmetics, Detergents, and Others)] & Geography - Global Trends & Forecasts to 2019” defines the betaine market and its segments with analysis and projections of the market size of each of these segments, in terms of, value ($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.
Browse 97 market data tables, 26 figures spread through 203 pages and in-depth TOC on “Betaine Market - Global Trends & Forecasts to 2019”
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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.
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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.
The betaine market is fragmented with the leading companies driving the market growth with investments and expansions. The report further provides qualitative analyses of the prominent market players and their preferred development strategies. Key players such as Associated British Food plc (U.K.), American Crystal Sugar Company (U.S.), Amino GmbH (Germany), BASF SE (Germany), Kao Corporation (Japan), Nutreco N.V. (The Netherlands), Solvay S.A. (Belgium), Stepan Company (U.S.), Sunwin Chemicals (China), and DuPont (U.S.) have been profiled in the report. The leading players have adopted expansions, agreements, and collaborations as their key development strategies.
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