Global Betaine Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Betaine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global betaine market report has been segmented as per product type, application, and region.

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Global Betaine Market: Overview

Betaine is a methyl derivative of amino acid which is also known as trimethylglycine. It is a type of neutral chemical compound which is found in plants, animals, microorganisms, cereals, seafood, and others. Betaine is mainly used in the treatment of low metabolism, heart diseases, degeneration, and muscular weakness in the body. In addition, betaine helps to improve physical performance of a patient including strength, power, and muscle endurance. Betaine is used in many applications including cosmetics, pharmaceuticals, food & beverages, and other products.

Global Betaine Market: Dynamics

Increasing demand for dietary supplements and nutritional products including protein powders and energy supplements, and rising adoption of betaine in cosmetics and pharmaceuticals industries for numerous applications are major factors expected to boost growth of the global market. In addition, increasing use of betaine in many industrial applications such as paints, detergents, coatings, plastics, and others and rising adoption of betaine in manufacturing of different animal feed products. These are other factors expected to proliferate growth of the target market.

Growing food & beverage industry and rising adoption of betaine in manufacturing of different food products resulting in increasing demand for betaine across the globe. These are some other factors expected to fuel growth of the global betaine market over the forecast period. In addition, growing awareness about several health benefits associated with betaine is among other factors expected to propel growth of the global market.

Moreover, high production of microalgae-derived betaine, algae-based betaine, algal betaine, and other surfactant by major manufacturers is another factor expected to support growth of the target market in the near future.

However, increasing preference for betaine substitutes including Dimethylthetin and DL-Methionine among various industries is a key factor projected to hamper growth of the global betaine market.

Global Betaine Market: Segment Analysis

Revenue from the pharmaceuticals segment is projected to account for major share in the global betaine market than other application segments. This is due to increasing consumption of health supplements and nutritional products across several countries and high adoption of betaine in pharmaceutical industries.

Global Betaine Market: Region Analysis

The North America betaine market accounts for major share in terms of revenue in the global market followed by market in Europe attributable to high consumption of energy drinks and high adoption of betaine in food industry in countries in these regions. In addition, presence of betaine manufacturers and distributors and high awareness about protein powders, energy supplements, and other products are major factor expected to boost growth of the betaine market in North America and Europe regions. Furthermore, market in Asia Pacific is expected to register significant growth in the global market, owing to rising consumption of dietary supplements and health drinks in countries in the region. In addition, Latin America market and Middle East & Africa market are projected to witness substantial growth over the forecast period.

Global Betaine Market Segmentation:

Segmentation by Product Type:

Natural Betaine
Synthetic Betaine

Segmentation by Application:

Food & Beverages
pharmaceuticals
Cosmetics
Animal Feed