The North America Betaine Market was worth USD 0.94 billion in 2021 and is estimated to be growing at a CAGR of 6.56%, to reach USD 1.29 billion by 2026. The market is showcasing evident potential in the mentioned forecasting period.
Betaine is an amino acid that has demonstrated several potential benefits for curing heart disease, improving body consumption and aids in promoting muscle gain and reduction in fat because of its abilities to promote protein synthesis in the body. Betaine also helps in improving physical performance including power, strength and muscle endurance.
Betaine is present in sugar beet, cereals, spinach, broccoli, seafood, wine and other plants. Betaine is also used as an additive in animal feed, which helps in carrying nutritive value by supporting the functionality of nervous system and helps in brain development in animals. Rising demand for health supplements and nutritive food products is expected to support the market of betaine across the North American region.
The North America Betaine Market is driven by rapid growth of betaine in various industries, Pharmaceutical being the major one of them, in the North America region. In the recent times, USA and Canada are observing an increasing demand of betaine, mainly due to its multi-functional uses in various industries. Betaine can hold moisture and is widely used in cosmetic industry. Betaine can also serve as an ingredient in the animal feed. The major factor restraining the growth of the betaine market is that high doses of betaine or overconsumption can create health problems and affect the heart.
The North America Betaine Market is broadly categorized into Synthetic betaine and Natural betaine. Based on form, the market is segmented as Betaine Anhydrous, Cocamidopropyl Betaine and Betaine Monohydrate. Based on Application, the market is further segmented into Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics and Detergents. Pharmaceutical use of betaine accounted for the highest revenue of the overall market and use of betaine in cosmetics is anticipated to witness high growth rate during the forecast period.
Geographically the North America Betaine Market is segmented into US, Canada and Rest of North America. The betaine market was dominated by USA, with the overall market share of over 60%. USA was followed by Canada.
Key Players in the Market:
Major Key Players in the North America Betaine Market ae
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Synthetic Betaine
5.1.3 Natural Betaine
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Form
5.2.1 Introduction
5.2.2 Betaine Anhydrous
5.2.3 Cocamidopropyl Betaine
5.2.4 Betaine Monohydrate
5.2.5 Y-o-Y Growth Analysis, By Form
5.2.6 Market Attractiveness Analysis, By Form
5.2.7 Market Share Analysis, By Form
5.3 Application
5.3.1 Introduction
5.3.2 Food & Beverages
5.3.3 Animal Feed
5.3.4 Pharmaceuticals
5.3.5 Cosmetics
5.3.6 Detergents
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Form
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Form
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Form
6.1.5.4 By Application
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Associated British Food Plc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BASF SE
8.3 DuPont
8.4 Nutreco N.V.
8.5 Solvay S.A.
8.6 American Crystal Sugar Company
8.7 Amino GmbH
8.8 Kao Corporation
8.9 Stepan Company
8.10 Sunwin Chemicals
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
