Posted on 02 Apr 2019
According to a new report by EMR titled, ‘LATAM Betaines Market Report and Forecast 2019-2024’, the LATAM betaines market grew at a CAGR of about 4% between 2014 and 2018. The market is expected to see further growth in the forecast period of 2019-2024, and is projected to attain 100 kilo metric tons by 2024.
Betaine is a crystalline alkaloid which is sweet in taste and is present in food like brown rice, broccoli, sweet potato, sugar beet, beef, and quinoa. Multiple pieces of research are being undertaken to study the potential health benefits of betaines, leading to a surge of interest in the LATAM region. One of the leading health benefits of betaines being researched is their ability to reduce the level of homocysteine. Homocysteine is an amino acid that is required by the human body, but when produced excessively, can cause plaque build-up and clogged arteries, leading to stroke, heart diseases, osteoporosis, and other cardiovascular diseases. Although rare, people over 50 years, children with a genetic predisposition towards high homocysteine levels or people suffering from alcoholism might be most at risk. Thus, betaines by lowering the levels homocysteine help to prevent and fight conditions like heart diseases.
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The betaines market in LATAM is being driven by the growing health consciousness of the people and a rising awareness of diseases like obesity and diabetes. Betaines aid in maintaining the optimal liver healthy by helping in the digestion of fats/lipids by the liver, and thus, preventing the occurrence of fatty liver. It also helps the liver detoxify by assisting in the disposal of toxins and chemicals that might have entered the body through prescribed drugs or through plants and other crops not grown organically, which have been sprayed with herbicides or pesticides.
The rising population of health-conscious consumers in the region has led to an increasing demand for the inclusion of betaines in dietary supplements and nutritive drinks, especially from countries like Mexico, Argentina, and Brazil. This is because betaines also help in burning fat and increasing muscle mass. They are included in sports supplements like protein powder and energy supplements as it aids in the improvement of muscle endurance, leading to better exercise performance.
Market Analysis by Types, Grades, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
BASF SA., DuPont Nutrition Bioscience Aps, Evonik Degussa Argentina S.A., Quimi-Kao, S.A. de C.V., Oxiteno S.A., Chemical Ingredients & Solutions, and Flamaquimica S.R.L. are the major players in the LATAM betaines market analysed in the EMR report. The report explores the latest developments among the key players in the LATAM betaines market including plant turnarounds, capacity expansions, and merger and acquisitions.
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