Betaine Market Size Report by Application, Type, Geography and Forecast 2027

Betaine Market to 2027 - Global Analysis and Forecasts by Type (Synthetic, Natural), by Form (Betaine Anhydrous, Cocamidopropyl Betaine, Others), by Applications(Food and Beverages, Animal Feed, Cosmetics, Detergents, Others) and Geography

Publication Month : Sep 2019

  • Report Code : TIPRE00003896
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 157
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[Research Report] The betaine market accounted for US$ 3,312.0 Mn in 2018 and is expected to grow at a CAGR of 5.1% during the forecast period 2019-2027, to account to US$ 5,110.0 Mn by 2027.

Betaine is also known as glycine betaine or betaine anhydrous. It is a compound that can be achieved naturally or synthetically. It is usually a by-product obtained from refineries which produce sugar from beetroot. Some other natural resources of betaine are wheat bran, spinach, amaranth grain, sweet potato, quinoa, rye grain, bulgur grain, turkey breast, beef, and veal. Betaine is utilized in various applications, including food and beverages, pharmaceuticals and nutraceuticals, animal feed, and cosmetics. The increasing awareness towards the nutritional value obtained from betaine when utilized in dietary supplements as well as its multi-functional usage like surfactant & methyl donor are some of the major factors boosting its demand in the market.

The studied market in the Asia Pacific region is expected to grow at the highest CAGR of 5.9% during the forecast period. The growth of the studied market in APAC is mainly attributed to the widespread as well as easy availability of raw materials utilized to produce betaines. Increasing demand for nutritional products along with the dietary supplements among consumers in APAC region is presumed to drive the market during the forecast period. Several health benefits associated with the product consumption containing betaine such as improved muscle strength, metabolism, and endurance are further expected to fuel the product demand in the near future. Betaine is further utilized in feed additives to enhance metabolism in animals. Increase in nutritional deficiencies mainly in feedstock is anticipated to raise nutritional value feed additives demand during the forecast period. This will further support the studied market growth in this region. Cheap labor, including easy availability of raw materials in countries like India and China, is also anticipated to boost the production of these products in the region.

Global Betaine Market

Global Betaine Market

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Market Insights

The Rising Demand from Several End-Use Application

There is a heightening demand for natural ingredients from several end-use industries, including food and beverage, personal care and cosmetics, nutraceuticals and pharmaceuticals, and others. These industries are widely utilizing betaine in their products. The rise in demand for energy & sports drinks, in which betaine is employed has further widened the scope for the betaine market globally. Consuming these products further helps in enhancing physical performance, particularly muscle strength and leads to a better immune system. Betaine is also utilized as a surfactant in personal care and cosmetics products owing to its moisturizing as well as water-retention properties. It is also applicable in detergents & reagents. As an animal feed additive, betaine helps to enhance the metabolism of animals. The widespread utilization of betaine in supplements owing to its health benefits along with growing application in various industries has further boosted the demand for betaine. The growing application of betaine in the nutraceuticals and pharmaceuticals industry is positively impacting the growth of the global betaine market.

Type Insights

The betaine market, based on type, is segmented into synthetic and natural. The synthetic segment accounted for the largest share of the market in 2018, and the market for the natural segment is expected to grow at the highest CAGR during the forecast period. There is a surge in demand for the synthetic betaine, which is utilized in personal care product, due to its water retention as well as moisturizing properties. Betaine is further utilized as a surfactant mainly in the cosmetic industry, owing to its water holding capacity. Nowadays, betaine is quite available as betaine hydrochloride form used for synthetic products in several applications. The key source from where betaine anhydrate extracted is sugar beet. Betaine is also an important ingredient for the broiler farming for broiler nutrition.

Global Betaine Market, by Type– 2018 and 2027

Global Betaine Market, by Type– 2018 and 2027
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Form Insights

The betaine market, based on form, is segmented into betaine anhydrous, cocamidopropyl betaine, and others. The cocamidopropyl betaine segment accounted for the largest share of the market in 2018. Cocamidopropyl betaine is known as a synthetic surfactant mainly derived from coconut oil also from dimethylaminopropylamine. It is basically a viscous and pale-yellow transparent liquid which is utilized as a surfactant in products like shampoos & hand soaps, shaving cream, makeup removers, body washes, and even in cosmetics as a thickener and emulsifying agent, and it is used to reduce irritation in these products. This substance is utilized to create rich, thick lather mainly in foaming products. It further softens hair also reduce static in conditioners. It further serves as an antistatic agent mainly in hair conditioners. Cocamidopropyl betaine can be bio-based or synthetic, however both are considered safe for utilized in cosmetic products.

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Betaine Market: Strategic Insights

betaine-market
Market Size Value inUS$ 3,312.0 Million in 2018
Market Size Value byUS$ 5,110.0 Million by 2027
Growth rateCAGR of 5.1% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the betaine market such Ridley Corporation Limited have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the global betaine market to help players develop effective long-term strategies
  • Business growth strategies adopted by companies in developed and developing markets
  • Quantitative analysis of the global betaine market from 2017 to 2027
  • Estimation of global betaine demand generated by various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the betaine ecosystem
  • Recent developments to understand the competitive market scenario and global betaine demand
  • Market trends and outlook, coupled with factors driving and restraining the growth of the global betaine market
  • Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the betaine market growth globally
  • Global betaine market size at various nodes of the market
  • Detailed overview and segmentation of the global betaine market, as well as the betaine industry dynamics
  • Global betaine market size in various regions with promising growth opportunities

Betaine Market – By Product Type

  • Natural
  • Synthetic

Betaine Market – By Form

  • Betaine Anhydrous
  • Cocamidopropyl Betaine
  • Others

Betaine Market – By Application 

  • Food and Beverages
  • Animal Feed
  • Cosmetics
  • Detergents
  • Others

Company Profiles

  • BASF SE
  • American Crystal Sugar Company
  • AMINO GmbH
  • E. I. Du Pont De Nemours and Company
  • Evonik Industries AG
  • Kao Corporation
  • Solvay SA
  • Stepan Company
  • The Lubrizol Corporation
  • Weifang (shangha) Sunwin Chemicals Co., Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , by Form , by Applications and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. AMERICAN CRYSTAL SUGAR COMPANY
  2. AMINO GMBH
  3. BASF SE
  4. E. I. DU PONT DE NEMOURS AND COMPANY
  5. EVONIK INDUSTRIES AG
  6. KAO CORPORATION
  7. THE LUBRIZOL CORPORATION
  8. SOLVAY
  9. STEPAN COMPANY
  10. WEIFANG (SHANGHAI) SUNWIN CHEMICALS CO LTD

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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