Global Betaine Market to Thrive Owing to Increased Usage in Personal Care Products
The Global Betaine Market was worth USD 2.95 billion in 2016 and is estimated to be growing at a CAGR of 6.4%, to reach USD 4.02 billion by 2021
Hyderabad, India -- (SBWire) -- 03/02/2018 --Betaine is an amino acid that has been shown to own the potential for fighting cardiovascular disease, serving to promote muscle gain, and causing fat loss thanks to its talents to push macromolecule synthesis within the body. Betaine could be a spinoff of the nutrient choline; in different words, Betaine could be a precursor to alkaloid and is essential for alkaloid to be synthesized within the body.
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The global Betaine market value is evaluated to be USD 2.95 billion in 2016 and is estimated to reach USD 4.02 billion by 2021 at a CAGR of 6.4%.
The Betaine market is calculable to grow with its increasing application in food, feed, and alternative industries like cosmetics and detergents. As an additive in animal feed, Betaine helps in transmission wholesome worth by supporting the practicality of the nervous system and additionally helps in brain development in animals.
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Betaine encompasses a wide selection of applications within the food trade because it helps within the dietary functions and is employed in nutraceuticals to forestall heart and liver diseases. It additionally accepted as an anti-stress agent and is found to enhance athletic performance. The health advantages of Betaine are expected to increase the quantity of applications of Betaine within the world market.
Geographically, the market is categorised into North America, Latin America, Asia-pacific, Europe and Middle East & Africa. North America is expected to dominate the market globally occupying close to 30% of the market share. Asia-pacific is expected to witness a major growth rate during the forecast period.
Some of the key players of Betaine market are Associated British Food Plc, BASF SE, DuPont, Nutreco N.V., Solvay S.A., American Crystal Sugar Company, Amino GmbH, Kao Corporation, Stepan Company, and Sunwin Chemicals.
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