London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Betaine Market 2014-2018, which is expected to grow at a CAGR of 5.05 percent during the forecast period of 2013-2018.
Betaine is a nutrient produced from sugar beet molasses and finds uses in a number of applications in the Food and Feed industries. It can be synthetically produced in the form of anhydrous betaine and betaine hydrochloride. It is used in the production of various personal care products including shampoos, soaps, and hand washes, and also used in animal feed for its osmolytic and hydration functions. Betaine is also used as surfactant in mild detergents to reduce skin irritation.
“Companies are focusing on advanced betaine product offerings and increasing awareness about their products to gain a competitive edge,” says Faisal Ghaus, Vice President of TechNavio.
“Betaine is increasingly being used as an animal feed additive because of the increased awareness about its benefits.”
Key Market Drivers
- Growth of Global Functional Drinks Market
- Elevated Usage in Animal Feed
- Commercial Use as Surfactant
- Growing Applications in Food Industry
- Increased Demand From Personal Care Sector
Key Market Trends
- Increased Usage as Anti-stress Agent for Animals
- Trials on Effects of Betaine Consumption
- Advanced Betaine Product Offerings
- Increased Demand in APAC Region
Key Market Vendors
- American Crystal Sugar Co.
- Amino GMBH
- Associated British Foods plc
- BASF SE
- E.I. du Pont de Nemours & Co. (DuPont)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
