Global Betaine Market Research Report- Forecast to 2027

Global Betaine Market Research Report Information by Category (Natural and Synthetic), Type (Cocamidopropyl Betaine, Betaine Anhydrous and others), Application (Personal Care, Animal Feed, Food & Beverages and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/F-B & N/1968-CR | May 2019 | Region: Global | 110 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview


Global Betaine Market is Expected to Register a CAGR of 4.84% to Reach USD 4,479.0 Million by 2024.


Betaine, also known as Glycine Betaine, betaine anhydrous, or trimethylglycine, is a compound obtained naturally or synthetically. It is a by-product of refineries producing sugar from beetroot. The other natural sources of betaine include wheat bran, quinoa, spinach, amaranth grain, rye grain, bulgar grain, sweet potato, turkey breast, beef, and veal. Betaine is used in various applications such as food & beverages, animal feed, pharmaceuticals and nutraceuticals, and cosmetics.


Impact of COVID-19


The outbreak of COVID-19 has brought a manufacturing and logistics issue due to the imposition of the lockdown. The product demand has declined considerably due to a shortage of manpower, thereby affecting the betaine market growth. However, investors are adopting the required measures to mitigate losses incurred during the pandemic period. Therefore, the market is expected to gain momentum and increase the betaine market share.


Market Dynamics


The widespread use of betaine in supplements due to its health benefits and growing application in various industries has boosted the demand for betaine. The rising demand for natural ingredients is projected to create lucrative opportunities for betaine manufacturers during the review period. The growing application of betaine in the pharmaceuticals industry is significantly impacting the growth of the global betaine market. However, the negative impacts of overconsumption of betaine are likely to restrain the growth of the market during the forecast period.


 Global Betaine Market Revenue, by Application, 2017 (USD Million)    Betaine Market_Image


Sources: MRFR Analysis


Segmentation


The Global Betaine Market has been segmented on the basis of category, type, and application.


Based on category, the global betaine market has been segmented into natural betaine and synthetic betaine. The natural betaine segment is expected to exhibit the highest CAGR of 5.05% during the forecast period. The osmolytic property of natural betaine enables it to maintain water balance in a cellular environment and protect the cells from osmotic stress. Due to this factor, natural betaine is used in several industries including animal feed, cosmetics, food & beverages, and pharmaceuticals.


On the basis of type, the market has been divided into cocamidopropyl betaine, betaine anhydrous, and others.  The betaine anhydrous segment is expected to lead the market, registering a substantial CAGR to reach USD 1,359.9 million by the end of 2024. The segment is projected to attain market dominance during the forecast period as betaine anhydrous finds widespread application in supplements to lower blood homocysteine levels and enhance athletic performance.


The Global Betaine Market has also been classified, by application, as personal care, animal feed, food & beverages, and others. The personal care segment is expected to lead the market, registering a substantial CAGR to reach USD 1,562.3 million by the end of 2024.


Key Players


DowDuPont (US), AMINO GmbH (Germany), BASF SE (Germany), Kao Corporation (Japan), Stepan Company (US), SOLVAY (Belgium), Associated British Foods plc (UK), Nutreco N.V. (Netherlands), The Lubrizol Corporation (US), and INOLEX Inc. (US) are some of the key players in the Global Betaine Market


Global Betaine Market Share, by Region, 2017 (%)   Betaine Market_Image


Sources: MRFR Analysis


Regional Analysis


Geographically, the Global Betaine Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


North America is expected to be the largest market for betaine accounting for an Estimated 32.63% of the total market share in 2018. The regional market is projected to register a moderate growth rate during the forecast period of 2019 to 2024. The growth of the betaine market in the region can be attributed to the increasing demand in the application industries such as animal feed and personal care industries.  


Asia-Pacific accounted for a share of 29.20% of the global betaine market in 2018. The growing animal feed, personal care, and pharmaceuticals industries in the region are driving the demand for betaine. China, India, and Japan are the key country-level markets in Asia-Pacific.


Europe is expected to be the fastest-growing betaine market during the review period. The regional market accounted for a considerably low market share of 24.38% in 2018. The growing demand for precision nutrition for livestock has contributed to betaine consumption in the region. The major betaine consuming countries in the region include the UK, Germany, and Spain. However, the sales of health supplements with betaine is limited in the region owing to the risks associated with overconsumption.


Some of the strategies followed by the players operating in the global betaine market were innovation, product development, acquisitions, and business expansions.



  • In July 2015, BASF SE and Solazyme, Inc. launched a high-performance microalgae betaine under the trade name Dehyton AO 45. It is used as an alternative to amidopropyl betaine in products such as shampoos, liquid soaps, and hand dishwashing liquids.



  • In March 2015, Evonik Industries launched a cost-efficient, concentrated cocamidopropyl betaine based on palm kernel oil under the trade name TEGO Betain P 50 C. It is suitable for a broad range of application formats in the personal care market, including body washes, shampoos, liquid soaps, foam baths, oral care, and soap bars.


Market Segmentation


Global Betaine Market, by Category



  • Natural Betaine

  • Synthetic Betaine


Global Betaine Market, by Type



  • Cocamidopropyl Betaine

  • Betaine Anhydrous

  • Others


Global Betaine Market, by Application



  • Personal Care

  • Animal Feed

  • Food & Beverages

  • Others


Global Betaine Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Available Additional Customizations



  • Company Profiles of Key Regional Players

  • Associated British Foods plc (UK)

  • AMINO GmbH (Germany)

  • BASF SE (Germany)

  • SOLVAY (Belgium)

  • Nutreco N.V. (Netherlands)

  • Country-Level Analysis


Intended Audience



  • Betaine manufacturers

  • Food & beverage manufacturers

  • Feed manufacturers

  • Personal care product manufacturers

  • Suppliers and traders

  • Associations and industrial bodies



Frequently Asked Questions (FAQ) :


Dietary supplement section would grow faster in the betaine market.

Betaine anhydrous would take the lead in the European betaine market.

North America would dominate the global betaine market.

The players mentioned in the betaine market report are DuPont (U.S.), Associated British Foods PLC (U.K.), E. I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Nutreco N.V. (Netherlands), Amino GMBH (Germany), and Kao Corporation (Japan).

The betaine market report has forms like cocamidopropyl betaine, betaine monohydrate, and betaine anhydrous.