(Food-Beverage-News.Com, October 05, 2017 ) According to the report Latin America Betaine Market By Type (Synthetic Betaine And Natural Betaine), By Form (Betaine Anhydrous, Cocamidopropyl Betaine, Betaine Monohydrate), By Application (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Detergents), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (20162021) published by Market Data Forecast, The Latin America Betaine Market was worth USD 0.38 billion in 2016 and is estimated to be growing at a CAGR of 6.14%, to reach USD 0.52 billion by 2021.
The market is showing great potential in the mentioned forecasting period. Betaine is also used as an additive in animal feed, which helps in carrying nutritive value by supporting the functionality of the nervous system and helps in brain development in animals. It is also acknowledged as an anti-stressing agent and is found to improve athletic performance. The health benefits of betaine are estimated to increase the number of applications of betaine in the Latin American market.
Betaine is an amino acid that has demonstrated several potential benefits for curing heart disease, improving body consumption and aids in promoting muscle gain and reduction in fat because of its abilities to promote protein synthesis in the body. Betaine also helps in improving physical performance including power, strength and muscle endurance. The Latin America Betaine Market is driven by the rapid demand of the betaine and betaine related products in the Latin America region. In the recent times, Brazil, Mexico and Argentina are observing high demand of betaine, mainly due to the growing uses of betaine, whether it is in the pharmaceutical industry or the cosmetic industry. Also, betaine has claimed its place in the healthy diet of many nutritionists, thus gaining market for health enthusiast. The side effects associated with the overconsumption of betaine restricts the growth of the market.
The Latin America market for betaine is broadly categorized into Synthetic betaine and Natural betaine. Based on form, the market is segmented as Betaine Anhydrous, Cocamidopropyl Betaine and Betaine Monohydrate. Based on Application, the market is further segmented into Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics and Detergents. Betaine in Pharmaceuticals accounted for the highest revenue of the overall industry, followed by Food & Beverages and Betaine in Cosmetics is projected to witness huge growth rate during the forecast period. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Mexico, Argentina and Chile. The Latin America Betaine Market was dominated by Brazil, with the overall market share of over 29%. Brazil was followed by Mexico and Argentina. Mexico is predicted to grow at a rapid pace in the coming few years.
There are many players which are dominating the Latin America Betaine Market, some of the key companies include: Sunwin Chemicals Stepan Company Amino GmbH American Crystal Sugar Company Solvay S.A. Kao Corporation DuPont Associated British Food Plc Nutreco N.V. BASF SE.
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