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Latin America Betaines Market: By Application: Food and Beverages, Home and Personal Care, Animal Feed, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Latin America Betaines Market Outlook
The Latin America betaines market is expected to grow in the forecast period of 2023-2028 at a CAGR of nearly 1.8% during 2023-2028 as per new report by Expert Market research. The growing number of health-conscious consumers is subsequently increasing the demand for nutritive drinks and dietary supplements in the Latin American countries like Brazil, Argentina, and Mexico.
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As betaines help in improving muscle growth, it is extensively used in these products which is boosting the market growth. Due to this, the Latin America betaines market is anticipated to reach more than 116.2 kilo metric tons by 2026.
There are two types of betaines available in the global market – synthetic and natural. Currently, synthetic betaines account for the majority of the total share, followed by natural betaines. However, natural betaines are gaining popularity due to rising health awareness about the adverse effects of synthetic betaines. Moreover, natural betaines are more effective under stress conditions like gut health and heat. Depending on the specific grade required, DMAPA, MCA and fatty acids are the major raw materials used for manufacturing betaine.
Properties and Applications
Betaine is naturally present in broccoli, sugar beet, beef, quinoa, sweet potato and brown rice. These products help in improving metabolism, reducing fat, enhancing overall physical performance and curing different heart diseases. As a result, betaine is utilized in functional drinks and also in other food products.
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Betaine finds applications in the health and personal care sector as a foam booster, viscosity modifier and co-surfactant. It is used in the production of creams, cleansing lotions, shampoos, hand soaps, body washes and baby items. Apart from this, due to its high-water retention ability, good foaming capability, skin compatibility and low irritating effect, betaine is employed in the cosmetic industry for manufacturing cosmetic products.
The applications of betaines include:
- Food and Beverage
- Animal Feed
- Home and Personal Care
- Others
The regional markets include Brazil, Argentina, Mexico, and Colombia.
Market Analysis
The Latin America betaines market is being spurred by the rising demand for biodegradable and natural beauty and personal care products. Apart from this, there is a high demand for betaine in Brazil, Argentina and Mexico due to increasing applications in the cosmetic and pharmaceutical industries. Moreover, betaine is also used as an additive in animal feed which assists in brain development and supports the functionality of the nervous system of animals. Expanding applications of betaines in diverse industries are propelling its demand in Latin America.
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Price Analysis
Similar to Europe, the prices of fatty acid betaine fell by 3% In 2016 owing to the decreasing crude oil prices. However, due to a tight supply of raw materials, the prices increased by about 7% in 2017. Following the scenario, average betaine prices are expected to increase in the upcoming years.
Competitive Landscape
The report gives a detailed analysis of the following key players in the Latin America betaines market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- Du Pont
- Evonik Industries AG
- Kao Corporation
- Inolex Inc
- Oxiteno S.A.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 | Brazil, Argentina, Mexico, Colombia |
| 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, Du Pont, Evonik Industries AG, Kao Corporation, Inolex Inc, Oxiteno S.A. |
| 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.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Betaines Market Overview
8.1 Key Industry Highlights
8.2 Global Betaines Historical Production (2018-2022)
8.3 Global Betaines Production Forecast (2023-2028)
8.4 Global Betaines Market by Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Latin America Betaines Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Betaines Historical Production (2018-2022)
9.3 Latin America Betaines Production Forecast (2023-2028)
9.4 Latin America Betaines Historical Consumption (2018-2022)
9.5 Latin America Betaines Consumption Forecast (2023-2028)
9.6 Latin America Betaines (as Surfactants) Historical Production (2018-2022)
9.7 Latin America Betaines (as Surfactants) Production Forecast (2023-2028)
9.8 Latin America Betaines (as Surfactants) Historical Consumption (2018-2022)
9.9 Latin America Betaines (as Surfactants) Consumption Forecast (2023-2028)
9.10 Latin America Betaines Market by Application
9.10.1 Food and Beverages
9.10.1.1 Market Share
9.10.1.2 Historical Trend (2018-2022)
9.10.1.3 Forecast Trend (2023-2028)
9.10.2 Home and Personal Care
9.10.2.1 Market Share
9.10.2.2 Historical Trend (2018-2022)
9.10.2.3 Forecast Trend (2023-2028)
9.10.3 Animal Feed
9.10.3.1 Market Share
9.10.3.2 Historical Trend (2018-2022)
9.10.3.3 Forecast Trend (2023-2028)
9.10.4 Others
9.11 Latin America Betaines Market by Country
9.11.1 Market Share
9.11.1.1 Brazil
9.11.1.2 Argentina
9.11.1.3 Mexico
9.11.1.4 Colombia
10 Regional Analysis
10.1 Brazil
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 Argentina
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 Mexico
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)
10.4 Colombia
10.4.1 Historical Production (2018-2022)
10.4.2 Production Forecast (2023-2028)
10.4.3 Historical Consumption (2018-2022)
10.4.4 Consumption Forecast (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
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
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Du Pont
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Evonik Industries AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kao Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Inolex Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Oxiteno S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
16 Consumer Analysis
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Betaines Market: Key Industry Highlights, 2018 and 2028
2. Latin America Betaines Market: Key Industry Highlights, 2018 and 2028
3. Latin America Betaines Historical Market: Breakup by Application (Kilo Metric Tons), 2018-2022
4. Latin America Betaines Market Forecast: Breakup by Application (Kilo Metric Tons), 2023-2028
5. Latin America Betaines Historical Market: Breakup by Country (Kilo Metric Tons), 2018-2022
6. Latin America Betaines Market Forecast: Breakup by Country (Kilo Metric Tons), 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. Latin America Betaines Market Structure
Key Questions Answered in the Report
The Latin America betaines market is expected to grow at a CAGR of nearly 1.8% during the forecast period of 2023-2028.
The market is estimated to reach a value of more than USD 348.22 million by 2028.
The major drivers of the market include rising disposable incomes, increasing population, and rising demand for biodegradable and natural beauty and personal care products.
The rising population of health-conscious consumers is increasing the demand for nutritive drinks and dietary supplements, which is expected to be a key trend for the market.
Brazil, Argentina, Mexico, and Colombia are the leading regions in the market.
The product finds wide applications in food and beverage, animal feed, and home and personal care, among others.
The leading players in the market are BASF SE, Du Pont, Evonik Industries AG, Oxiteno S.A., Inolex Inc, and Kao Corporation.
Analyst Review
The Latin America betaines market is expected to grow in the forecast period of 2023-2028 at a CAGR of nearly 1.8% during 2023-2028 as per new report by Expert Market research, driven by expanding application in various sectors. Aided by the rising demand for biodegradable and natural beauty and personal care products, the Latin America betaines industry is expected to reach a value of more than USD 348.22 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 Latin America betaines market can be divided into food and beverage, animal feed, and home and personal care sectors, among others. The major regional markets for betaines are Brazil, Argentina, Mexico, and Colombia. The key players in the above industry include BASF SE, Du Pont, Evonik Industries AG, Oxiteno S.A., Inolex Inc, and Kao Corporation.
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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