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NORTH AMERICA HELD THE LARGEST MARKET SHARE OF THE BETAINE MARKET IN 2018, MAINLY ATTRIBUTED TO HIGH AWARENESS REGARDING THE COMMERCIALLY AVAILABLE BETAINE PRODUCTS – AXIOM MRC
Axiom Market Research & Consulting
New York, May 14, 2019: Axiom Market Research & Consulting™ added a report on global betaine market which includes study on various type, form and application across several countries of key regions around the world. The global betaine market was projected to grow at a CAGR of 5.20% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) and volume (thousand MT) generated by the Betaine market.
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Various types of betaine included in the industry are natural and synthetic. These types come in various forms such as betaine anhydrous, cocamidopropyl betaine, betaine monohydrate and others (betaine HCL, betaine aspartate, and betaine citrate). The vertical finds major applications in food & beverage, animal feed, cosmetic, detergent and others (pharmaceuticals, reagents, paints, and coatings etc.). Additionally, geographically, the global betaine industry is studied for North America, Europe, Asia Pacific and Rest of the World.
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The global betaine market is driven by the increase in consumption of natural betaine in food, beverages and feed industry. The demand for synthetic betaine is expected to grow at a significant pace as current healthcare industry requires synthetic betaines to accomplish nutritional requirement of an animal or an individual, which otherwise cannot be done by ones derives naturally.
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For greater growth opportunities in the betaine market, the established market players need to:
• Invest in regional capacity and expertise
• Focus on adopting inorganic as well as organic growth strategies
The major market players in the Betaine market include BASF SE (Germany), DowDuPont Inc. (United States), Solvay SA (Belgium), Kao Corporation (Japan), Stepan Company (United States), Nutreco N.V. (Netherlands) and Amino GmbH (Germany).
Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals &Materials, Food & Beverages, Packaging Agriculture, Power & Energy.
Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.
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