Global Betaines Market Key Insights:
- Types: Natural and Synthetic
- Feedstock: MCA, DMAPA & Fatty Acids
- Market Performance & Price Trends 2018
- Market Analysis & Outlook 2019-2024
- Demand by Application & Region
- Capacity Addition & Plant Turnarounds
Global Betaines Market Outlook
Global betaines market attained a volume of about 860 kilo metric tons backed by strong demand in 2017. Associated health benefits such as enhanced muscle strength, metabolism, endurance and power along with inherent features such as higher water retaining capability which make it appropriate for use in cosmetics and toiletries would positively impact growth in years to come. Its use in animal feed to increase nutritional value is also expected to drive demand for feed additives.
Rising demand for better nutrition and dietary supplements is expected to drive the global betaines market to grow at a CAGR of around 4.2% during the forecasted period of 2019-2023. Multifunctionality of betaine as surfactants and methyl donor are the key factors driving the demand of betaine in the HPC and pharmaceutical markets.
While synthetic betaine was in greater demand in the past, natural betaine is anticipated to prevail over its synthetic counterpart due to improved features such as better lean growth, endurance to heat stress and lesser energy needs. Major raw materials used for producing different grades of betaine include DMAPA, MCA and Fatty acids (depending on the specific grade of the required betaine).
Applications of betaine include:
- Food and beverage
- Animal feed
Global Betaines Market Analysis
Personal Care has been the largest end-use segment and is most likely to continue to remain so. With mild surfactant properties, the majority of betaines are used in home and personal care products like body washes, shampoos, cleansing lotions, creams, hand soaps and baby products.
North America was the largest market in the past due to its rapidly growing food industry but markets in the Asia Pacific region are projected to grow more steadily in years to come owing to rising health drink and dietary supplement consumption in China and India.
Global Betaines Market Price Analysis
Global prices have been trending higher due to raw material supply constraints and surged prices. Detailed market analysis including the price movement and regional market scenario of feedstocks such as MCA and DMAPA is offered in this report.
Several firms are carrying out extensive R&D activities to offer bio-based products for personal and home care to enhance their portfolios.
Evonik introduced the cost-efficient, concentrated cocamidopropyl betaine based on RSPO certified palm kernel oil in Essen. It provides superior thickening which can reduce the formulation cost. The easily processable secondary surfactant can be used in a wide range of surfactant systems delivering excellent foam and improved mildness.
The report presents a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global betaines market:
- Inolex Inc.
- Kao Corporation
- Evonik Industries AG
- Solvay S.A.
- Clariant Corporation
- Lubrizol Corporation
- Stepan Company
- Colonial Chemical Inc.
EMR’s comprehensive report on global betaines market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.