The ‘North America Betaines Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the North America betaines market analysis, assessing the market on the basis of its segments like application and major countries.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
North America Betaines Market Price, Size, Share, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 1.4%
- Forecast Market Size (2028): USD 595.16 million
The North America betaines market is expected to register growth during the forecast period on account of the surging demand for dietary supplements and nutritional products. The increasing health consciousness among consumers and the rising awareness regarding the health benefits related to the consumption of betaines like muscle strength, endurance, power, and better metabolism are expected to propel the demand for betaines.
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Betaine is considered to be beneficial for both human and animal health, which is increasing its demand in the coming timeframe. Over the forecast period, the rising nutritional deficits in the feedstock are anticipated to drive demand for nutritional value feed additives. Going further, betaine is also employed as a feed additive to enhance metabolism among animals which is likely to boost the betaine market demand.
The intrinsic properties of betaines like high-water holding capacity are encouraging their usage in personal care products and cosmetics. This is further expected to fuel the North America betaines market demand over the coming years.
North America Betaines Industry Definition and Major Segments
Betaine also known as betaine anhydrous, or trimethylglycine (TMG) is a substance that’s made in the body and found in various food products. This substance is involved in liver function and cellular reproduction, while also helping in the production of carnitine. Betaine further aids the body in metabolising the homocysteine amino acid.
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By application, the market is segmented into:
- Food and Beverages
- Home and Personal Care
- Animal Feed
- Others
Based on countries, the market is divided into:
- United States of America
- Canada
North America Betaines Market Trends
The increasing usage of betaine in the personal care industry as a substitute for sulphur-based surfactants is expected to boost the North America betaines market growth. Betaine is commonly employed in baby shampoos as well as ultra-mild personal care products as it effectively acts as an irritation-mitigating agent. This is further driving the demand for betaine among consumers. Moreover, the extensive usage of betaines as an emulsifier, surfactant, and emollient in personal care products like shampoos, lotions, and skin cleansers, among others, is gaining consumer traction.
With the growing cosmetic industry in North America, the demand for betaines is expected to propel. This is due to the moisturising and water-retention properties of betaine which make it a valuable raw material for the cosmetic industry. The growing emphasis of manufacturers in the cosmetic industry on producing innovative products that are safe and contain sulphur-free natural ingredients is expected to positively influence the market demand for betaines. This is because betaine is a mild surfactant and holds a minimum risk for eye and skin irritation.
The United States is anticipated to drive the North America betaines market growth on account of the increasing demand from end-use sectors like personal care and food and beverages. The presence of major market players in the United States like E.I. Dupont De Nemours & Company and Stepan Company is expected to push forward the market growth in the country. Increasing investments by various manufacturers in research and development activities across the personal care industry for innovating are further expected to fuel the market growth.
Key Market Players
The major players in the North America betaines market report are:
- E.I. Dupont De Nemours & Company
- Solvay North America, LLC
- Stepan Company
- Colonial Chemical, Inc.
- Lubrizol Advanced Materials, Inc.
- BASF Corporation
- American Crystal Sugar Company
- Inolex Chemical Company
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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