Apr 26, 2018   SOURCE: BusinessWire

Global Betaine Market Forecast to 2023 - US Manufacturers are Launching New Products and Increasing R&D Activities - ResearchAndMarkets.com

The "Global Betaine Market - Segmented by Type, End-User Industry, Form, Application and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Betaine market is expected to grow at a moderate rate during the forecast period 2018-2023.

North America is estimated to lead the market owing to its rapid growth in the food industry. The market is expected to increase rapidly in the emerging markets, due to the increase in demand from the end-users. On the other hand, the regulations in the European region pose a great challenge for the betaine market.

The usage of betaine in the food industry has increased in the past few years, owing to rising consumer awareness regarding health benefits related to the consumption of betaine. It is majorly used in functional drinks to increase the nutritional value. The prime reason for the increased demand and usage in the food industry is the rising demand among consumers regarding the usage of natural products in beverages. It is also used in over-the-counter products, such as digestive aids and stomach acidifiers. The European Food Safety Authority (EFSA) has approved the usage of betaine in food products, with a maximum dosage ranging between 1-7% depending on the type of food product.

In the United States, manufacturers are launching new products combined with increased R&D activities in order to gain a competitive edge over their competitors. The above trend is expected to drive the growth of the market. The consumption of betaine in personal care products is declining, due to the unavailability of data regarding the effects of betaine on the human health. Consumers are becoming reluctant to buy products containing cocamidopropyl betaine (CAPB) since it causes allergic reactions if used in large quantities.

Key Developments

  • March 2018: Amino GmbH started the initiation of AMixCo Premix GmbH dedicated to entering the market of amino acid premixes.
  • Jan 2018: United Sugars Corporation announced Wyoming Sugar Company as its newest member. By joining United Sugars, Wyoming Sugar will access the capabilities of the largest marketer of sugar to industrial customers in the US.

Major Players: DowDuPont, Associated British Foods plc, BASF SE, and American Crystal Sugar Company, among others.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

  • American Crystal Sugar Company
  • Amino GmbH
  • Associated British Foods plc
  • BASF SE
  • DowDuPont
  • Kao Corporation
  • Nutreco N.V.
  • Solvay S.A.
  • Stepan Company
  • Sunwin Biotech Shandong Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/7sb47p/global_betaine?w=4