Regional and country-level analysis and forecasts of the Europe Betaine Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
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According to the report “Europe Betaine Market By Type (Synthetic Betaine And Natural Betaine), By Form (Betaine Anhydrous, Cocamidopropyl Betaine, Betaine Monohydrate), By Application (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Detergents), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Europe Betaine Market was worth USD 0.77 billion in 2016 and estimated to be growing at a CAGR of 6.28%, to reach USD 1.04 billion by 2021.
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The market is showing evident potential in the mentioned forecasting period. Betaine is normally found in various different vegetables and is a chemical compound by nature.
Betaine is also used as an additive in animal feed, which helps in carrying nutritive value by supporting the functionality of nervous system and helps in brain development in animals.
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Betaine helps in healthy metabolism and is widely used in the food industry. It is also known as an anti-stressing agent and is found to improve athletic performance.
The health benefits of betaine are estimated to increase the number of applications of betaine in the European region.
Betaine is basically a pro-vitamin nutrient commonly present in the form of natural betaine. It is present in sugar beet, cereals, spinach, broccoli, seafood, wine and other plants.
Betaine is a type of neutral chemical compound. Betaine is mostly used in the treatment of muscular weakness, healthy metabolism and degeneration in the body.
Betaine also helps in improving physical performance including power, strength and muscle endurance. It is widely used in food and beverages, feed, pharmaceutical industries and others.
The market is driven by the surge in the usage of betaine as personal care product due to its water retention and moisturizing properties. In the recent times, UK, Spain, Italy, Germany are observing high demand of betaine, majorly due to the growing urbanization, increasing disposable incomes and demand for health beneficiary products with high nutritional value among customers.
This is fuelling the growth of the betaine market in this region. Awareness among consumers about the ill-health effects associated with the overconsumption of betaine hinders the growth of the market in the European region.
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The Europe Betaine Market is broadly categorized into Synthetic betaine and Natural betaine. Based on form, the market is segmented as Betaine Anhydrous, Cocamidopropyl Betaine and Betaine Monohydrate.
Based on Application, the market is further segmented into Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics and Detergents. Pharmaceuticals accounted for the highest revenue of the overall industry and Cosmetics is projected to witness huge growth rate during the forecast period.
Based on the geography, the Europe market is analysed under various regions namely UK, France, Spain, Italy,. The betaine market was dominated by UK, with the overall market share of over 36%.
UK was followed by France and Spain.
Some of the major companies in Europe Betaine Market are:
- American Crystal Sugar Company
- BASF SE
- Nutreco N.V.
- Solvay S.A.
- Sunwin Chemicals
- Amino GmbH
- Kao Corporation
- Stepan Company
- Associated British Food Plc
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