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Betaine Market Growth to Reach $4.55 Billion by 2023

(Entertainment-NewsWire.com, December 06, 2018 ) Betaine Market Overview

Betaine is a naturally occurring amino acid compound also known as trimethylglycine. Betaine is a byproduct of sugar beet processing. Betaine works by preventing the build-up of an amino acid called homocysteine. This amino acid can harm blood vessels and contribute to heart disease, stroke, or circulation problems. 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. It is also acknowledged as an anti-stressing agent and is found to improve athletic performance.

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The key driving factors for the global betaine market is increasing demand for health beneficiary products with high nutritional value among consumers worldwide. Betaine is also used as a surfactant in the cosmetic industry, due to its water holding capacity. In addition, betaine improves metabolism in animals and acts as methyl donor. Betaine is also used as a surfactant in the cosmetic industry, due to its water holding capacity. In addition, betaine improves metabolism in animals and acts as methyl donor.

Betaine Market Forecast Report (2018-2023)

The Global Betaine Market is worth USD 3.34 billion in 2018 and estimated to grow at a CAGR of 6.4%, to reach USD 4.55 billion by 2023.

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Betaine Market Segmentation

The Global market for Betaine is segmented on the basis of form, application and region. 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.

Geographically, the Betaine market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Betaine market was dominated by North America. North America was followed by Europe and Asia-Pacific.

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Major Players:

The major companies dominating this market for its products and services are

Associated British Food Plc
Nutreco N.V.
Solvay S.A.
American Crystal Sugar Company
Amino GmbH
Kao Corporation
Stepan Company
Sunwin Chemicals
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Source: EmailWire.Com

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