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Betaine Market Trends

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

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Betaine Market Trends

There is a growing consumer preference for natural & sustainable ingredients in various food & beverages, personal care, and animal feed industries. Betaine derived from natural sources, such as sugar beets and wheat, is gaining popularity as a natural & bio-based ingredient. With evolving health perceptions and positive attitudes toward natural & clean ingredients, modern customers are embracing betaine products such as dietary supplements, functional foods, and beverages to maintain their overall wellness. Products containing betaine have various health benefits including digestive health, cardiovascular health, and liver support.

Technological advancements in betaine production will result in improved product efficiency and a cost-effective product. Innovative extraction & purification methods are also being developed to enhance product yield & quality.

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.