Betaine Market Benefits, Overview, Trends And Forecast By 2023

The Betaine Market in Asia-Pacific is likely to experience the highest growth in terms of geography, owing to rising demand for dietary supplements and health drinks in countries such as China and India. The animal husbandry industry is expanding in the developing countries of Asia Pacific, leading to higher consumption of feed. Betaine is increasingly gaining popularity in the European market, after the approval of its use in feed, food and beverage by the regulatory bodies. The demand for betaine is also growing in the Rest of the World as the betaine market in countries such as Brazil and Argentina are growing at a fast rate.It is a nutrient containing vitamin, obtained either synthetically or from sugar beet syrups which contribute towards a healthy metabolism while improving physical performance, particularly strength, power and muscle endurance.

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Betaine is widely consumed in the feed industry and it serves as a methyl donor for the purpose of improving metabolism in animals. Betaines occur naturally and serve as biological osmolytes substances, which are taken up from the environment for protection against osmotic stress, high salinity, high temperature and drought. Betaines occur in synthetic form and are used in an extensive range of applications such as cosmetics, detergents, dietary supplements and feeds. Some of the major application industries of betaine include industrial, pharmaceuticals and food.

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Further, betaine is being increasingly implemented as a feed nutrient in feed as well as pet diets; uncertainty regarding excess consumption of betaine is a major hindrance in the growth of betaine market. However, saturated market conditions for betaine in developed regions such as Europe are also expected to hamper the growth of the market.Associated British Foods plc, American Crystal Sugar Company, AMINO GmbH, BASF SE, Kao Corporation, Nutreco N.V., Solvay, Stepan Company, Sunwin Stevia International, Inc., and DuPont are some of the key competitors in the global betaine market.

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