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The Asia Pacific betaines market is likely to grow at a CAGR of 1.2% during the forecast period of 2023-2028. Looking forward, the betaines market in Asia Pacific is expected to cross a value of USD 1028.65 million by 2028.
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Increasing usage of betaines as surfactants is one of the major reasons for its rising production in the Asia Pacific region. Moreover, the easy availability of raw materials in the region provides growth opportunities for the manufacturers.
Betaine is found in sugar beet, quinoa, shrimp, broccoli, beef, spinach, brown rice, sweet potato and cereals. The consumption of these foods assists in curing cardiovascular disease, enhancing muscle strength, improving metabolism and reducing fat. Due to this, it is used in the food industry and in the production of functional drinks to increase their nutritional value.
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Properties of betaines like low irritating effect, skin compatibility and good foaming capability have been the major factors for its myriad applications in a range of industries. In the cosmetic industry, betaine is used for manufacturing various products due to its high-water retention capability. Moreover, it is utilized as a co-surfactant, viscosity modifier and foam booster in the HPC sector to manufacture body washes, hand soaps, baby products, creams, cleansing lotions and shampoos.
At present, synthetic betaines are extensively used in diverse sectors. However, natural betaine is gaining momentum due to the rising awareness about the harmful effects of synthetic betaines such as nausea, heartburn and stomach upset. The major raw materials used for manufacturing different grades of betaine include fatty acids, MCA and DMAPA.
Applications of betaine include:
The regional markets included in the Asia Pacific market are China, India, and South East Asia.
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Rapid urbanization and escalating population rates in Asia Pacific are bolstering the growth of the market. Apart from this, due to the high nutrition content of betaine, it is used as an additive in animal feed across various countries in the region. The demand for animal feed is expected to rise in the coming years due to various initiatives by the Indian government to increase awareness regarding animal health and better feed practices among farmers.
Increased demand for dietary supplements and healthy drinks amongst health enthusiasts has fueled the growth of betaine market in Asia Pacific. Furthermore, several brands are introducing new personal care products which incorporate natural and biodegradable ingredients. As the demand for these products is rising due to the growing consciousness of consumers, the sale of betaines is gradually increasing in this domain.
On account of deteriorating environmental conditions, the Government of China implemented stringent policies which decreased the supply of raw materials (MCA and DMAPA) in the first half of 2017. As a result, the prices of betaine increased by 20% during 2016-2017. The report includes regional market scenario of feedstocks (DMAPA and MCA) along with country-wise price trends.
The report gives a detailed analysis of the following key players in the Asia Pacific betaines market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Country|
|Breakup by Application||Food and Beverages, Home and Personal Care, Animal Feed, Others|
|Breakup by Country||China, India, South East Asia|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||BASF SE, Kao Corporation, Evonik Industries AG, Shanghai Kang Xin Chemical Co., Ltd., Miwon EOD Co., Ltd., Chemrez Technologies, Inc., Galaxy Surfactants Limited|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Betaines Market Overview
8.1 Key Industry Highlights
8.2 Global Betaines Historical Market (2018-2022)
8.3 Global Betaines Market Forecast (2023-2028)
8.4 Global Betaines Market Share by Region
8.4.1 North America
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Betaines Market Analysis
9.1 Key Industry Highlights
9.2 Asia Pacific Betaines Historical Production (2018-2022)
9.3 Asia Pacific Betaines Production Forecast (2023-2028)
9.4 Asia Pacific Betaines Historical Consumption (2018-2022)
9.5 Asia Pacific Betaines Consumption Forecast (2023-2028)
9.6 Asia Pacific Betaines (as Surfactants) Historical Production (2018-2022)
9.7 Asia Pacific Betaines (as Surfactants) Production Forecast (2023-2028)
9.8 Asia Pacific Betaines (as Surfactants) Historical Consumption (2018-2022)
9.9 Asia Pacific Betaines (as Surfactants) Consumption Forecast (2023-2028)
9.10 Asia Pacific Betaines Market by Application
9.10.1 Food and Beverages
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
9.10.2 Home and Personal Care
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
9.10.3 Animal Feed
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
9.11 Asia Pacific Betaines Market by Country
9.11.1 Market Share
22.214.171.124 South East Asia
10 Regional Analysis
10.1.1 Historical Production (2018-2022)
10.1.2 Production Forecast (2023-2028)
10.1.3 Historical Consumption (2018-2022)
10.1.4 Consumption Forecast (2023-2028)
10.2.1 Historical Production (2018-2022)
10.2.2 Production Forecast (2023-2028)
10.2.3 Historical Consumption (2018-2022)
10.2.4 Consumption Forecast (2023-2028)
10.3 South East Asia
10.3.1 Historical Production (2018-2022)
10.3.2 Production Forecast (2023-2028)
10.3.3 Historical Consumption (2018-2022)
10.3.4 Consumption Forecast (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Trade Data Analysis (HS Code-340219)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Value Chain Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.2 Kao Corporation
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.3 Evonik Industries AG
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.4 Shanghai Kang Xin Chemical Co., Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.5 Miwon EOD Co., Ltd.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.6 Chemrez Technologies, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.7 Galaxy Surfactants Limited
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
17 Consumer Analysis
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Betaines Market: Key Industry Highlights, 2018 and 2028
2. Asia Pacific Betaines Market: Key Industry Highlights, 2018 and 2028
3. Asia Pacific Betaines Historical Market: Breakup by Application (KMT), 2018-2022
4. Asia Pacific Betaines Market Forecast: Breakup by Application (KMT), 2023-2028
5. Asia Pacific Betaines Historical Market: Breakup by Country (KMT), 2018-2022
6. Asia Pacific Betaines Market Forecast: Breakup by Country (KMT), 2023-2028
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Asia Pacific Betaines Market Structure
The Asia Pacific betaines market is likely to grow at a CAGR of 1.2% during the forecast period of 2023-2028.
The market is estimated to reach a value of USD 1028.65 million by 2028.
The major drivers of the market include rising disposable incomes, increasing demand for dietary supplements and healthy drinks, and rapid population growth and urbanisation in the Asia Pacific.
Initiatives by the Indian government to raise awareness about animal health and better feed practices among farmers are expected to be the key trends guiding the growth of the market.
China, India, and South East Asia are the major regions in the market.
The leading application sectors in the market include food and beverages, home and personal care, and animal feed, among others.
The leading players in the market are BASF SE, Kao Corporation, Evonik Industries AG, Shanghai Kang Xin Chemical Co., Ltd., Miwon EOD Co., Ltd., Chemrez Technologies, Inc., and Galaxy Surfactants Limited.
The Asia Pacific betaines market is likely to grow at a CAGR of 1.2% during the forecast period of 2023-2028, due to the increasing usage of betaines as surfactants. Aided by rapid population growth and urbanisation in Asia Pacific, the industry is expected to witness a further growth in the forecast period of 2023-2028, to reach a value of USD 1028.65 million by 2028.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of application, the Asia Pacific betaines market is divided into food and beverages, home and personal care, and animal feed, among others. The major regional markets for betaines are China, India, and South East Asia. The key players in the above industry include BASF SE, Kao Corporation, Evonik Industries AG, Shanghai Kang Xin Chemical Co., Ltd., Miwon EOD Co., Ltd., Chemrez Technologies, Inc., and Galaxy Surfactants Limited.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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