Regional and country-level analysis and forecasts of the North America 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
According to the report “North America 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 North America Betaine Market was worth USD 0.83 billion in 2016 and is estimated to be growing at a CAGR of 6.56%, to reach USD 1.13 billion by 2021.
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The market is showcasing evident potential in the mentioned forecasting period. Betaine is an amino acid that has demonstrated several potential benefits for curing heart disease, improving body consumption and aids in promoting muscle gain and reduction in fat because of its abilities to promote protein synthesis in the body.
Betaine also helps in improving physical performance including power, strength and muscle endurance.
Betaine is present in sugar beet, cereals, spinach, broccoli, seafood, wine and other plants. 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.
Rising demand for health supplements and nutritive food products is expected to support the market of betaine across the North American region.
The market is driven by rapid growth of betaine in various industries, Pharmaceutical being the major one of them, in the North America region. In the recent times, USA and Canada are observing an increasing demand of betaine, mainly due to its multi-functional uses in various industries.
Betaine can hold moisture and is widely used in cosmetic industry. Betaine can also serve as an ingredient in the animal feed.
The major factor restraining the growth of the betaine market is that high doses of betaine or overconsumption can create health problems and affect the heart.
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The North America 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. Pharmaceutical use of betaine accounted for the highest revenue of the overall market and use of betaine in cosmetics is anticipated to witness high growth rate during the forecast period.
Based on geography, the North America market is analysed under various regions namely USA and Canada. The betaine market was dominated by USA, with the overall market share of over 60%.
USA was followed by Canada.
Some of the major companies in North America Betaine market are:
- Sunwin Chemicals
- Amino GmbH
- Associated British Food Plc
- Solvay S.A.
- American Crystal Sugar Company
- Kao Corporation
- Stepan Company
- Nutreco N.V.
- BASF SE
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