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Betaine Market Share

Report ID: GMI3837
Published Date: Jun 2023
Report Format: PDF

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Betaine Market Share

Some of the major market players operating in the betaine industrt are:

BASF SE
DuPont de Nemours
Nutreco N.V
Stepan Company
Kao Corporatio
Evonik Industries AG and Solvay SA.

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. Furthermore, they are heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of betaine was valued at around USD 3.7 billion in 2023 and is estimated to reach USD 5.8 billion by the end of 2032, owing to the growing consumer preference for natural & sustainable ingredients in various food & beverages, personal care, and animal feed industries.

High purity betaine Industry is anticipated to grow at a CAGR of 7% through 2032, backed by the better solubility & stability of the product as well as the overall product efficacy.

U.S. dominated North American betaine market with a major revenue of USD 1.1 billion in 2022 and will continue to grow through 2032, backed by the growing demand for natural & clean-label ingredients and products as well as functional food & beverages with improved texture & taste.

BASF SE, DuPont de Nemours, Nutreco N.V., Stepan Company, Kao Corporation, Evonik Industries AG, and Solvay SA.