Global Betaines Market Report and Forecast 2023-2028

Abstract
Global Betaines Market Report and Forecast 2023-2028

Market Outlook
According to the report by Expert Market Research (EMR), the global betaines market attained a volume of around 995.1 KMT in 2022. Aided by the rising demand for betaines from sectors such as cosmetics, home and personal care, and food and beverage, the market is projected to further grow at a CAGR of 4.4% between 2023 and 2028, to reach a volume of 1276.2 KMT by 2028.

Betaines, also known as non-protein amino acids, are a type of alkaloids which are found in sugar beets. Betaine has a sweet taste used in various industrial and commercial sectors. It also contains medicinal properties which are associated with blood purification and enhanced blood circulation. In addition, betaine improves muscle building, increases metabolism, and pushes endurance of the human body. Hence, the increasing inclination towards consuming healthy food is driving the global betaines market.

Additionally, betaine is abundant in wheat bran, wheat germ, spinach, and beets, among others. In this regard, the thriving food and beverage sector, supported by the growing population, rising disposable income, and increasing demand for premium packaged food and drinks, are bolstering the betaine demand. Innovations in cooking methods are further generating the demand for betaine.

Betaine possesses anti-ageing, anti-wrinkle, and moisturising properties which improve skin texture due to which betaines are witnessing a significant demand in the cosmetics sector. Over the forecast period, the anticipated increase in sale of high-grade anti-ageing beauty products is expected to provide impetus to the betaines market.

Also, betaine is a successful surfactant which improves foam performance, as well as kills harmful contaminants and bacteria. As a result, increasing hygiene awareness among consumers are propelling the demand for betaine. Accordingly, the anticipated increase in the sale of dish liquids and hard surface cleaners across institutions, schools, colleges, hospitals, and clinics, among others, is expected to aid the market for betaines in the coming years.

At a regional level, North America has been a significant market for betaines, due to its evolving food sector, and increased awareness about health benefits of betaines. In the coming years, the market in Asia Pacific is expected to witness substantial growth, fuelled by growing demand for betaine-containing food products and skin care products. Furthermore, the thriving e-commerce sector is another crucial trend in the market which is expected to fuel the sale of downstream betaine products. The market for betaines is also expected to be supported by the increasing purchasing power of consumers across emerging economies.

Market Segmentation
The market can be divided on the basis of type, application, grade, and regions.
Market Breakup by Type
•Natural
•Synthetic
Market Segmentation by Application
•Industrial
•Home and Personal Care (as Surfactants)
Market Classification by Grade
•Home and Personal Care
•Food and Beverages
Market Break-up by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa

Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the betaines market companies. Some of the major key players explored in the report by Expert Market Research are as follows:
•Inolex Inc.
•Kao Corporation
•Evonik Industries AG
•Solvay S.A.
•Clariant Corporation
•Lubrizol Corporation
•Stepan Company
•Colonial Chemical Inc.

Content
Table of Contents

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 Analysis
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 Historical Consumption (2018-2022)
8.5 Global Betaines Consumption Forecast (2023-2028)
8.6 Global Betaines (as Surfactants) Historical Production (2018-2022)
8.7 Global Betaines (as Surfactants) Production Forecast (2023-2028)
8.8 Global Betaines (as Surfactants) Historical Consumption (2018-2022)
8.9 Global Betaines (as Surfactants) Consumption Forecast (2023-2028)
8.10 Global Betaines Market by Type
8.10.1 Natural
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 Synthetic
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.11 Global Betaines Market by Application
8.11.1 Industrial
8.11.1.1 Market Share
8.11.1.2 Historical Trend (2018-2022)
8.11.1.3 Forecast Trend (2023-2028)
8.11.2 Home and Personal Care (as Surfactants)
8.11.2.1 Market Share
8.11.2.2 Historical Trend (2018-2022)
8.11.2.3 Forecast Trend (2023-2028)
8.12 Global Betaines Market by Grade
8.12.1 Home and Personal Care
8.12.1.1 Market Share
8.12.1.2 Historical Trend (2018-2022)
8.12.1.3 Forecast Trend (2023-2028)
8.12.2 Food and Beverages
8.12.2.1 Market Share
8.12.2.2 Historical Trend (2018-2022)
8.12.2.3 Forecast Trend (2023-2028)
8.13 Global Betaines Market by Region
8.13.1 Market Share
8.13.1.1 North America
8.13.1.2 Europe
8.13.1.3 Asia Pacific
8.13.1.4 Latin America
8.13.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code - 340219)
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Value Chain Analysis
13 Manufacturing Process
13.1 Coconut Oil Betaine
13.1.1 Detailed Process Flow
13.1.2 Operations Involved
13.1.3 Mass Balance
13.2 Fatty Acid Betaine
13.2.1 Detailed Process Flow
13.2.2 Operations Involved
13.2.3 Mass Balance
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Inolex Inc.
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 Kao Corporation
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 Solvay S.A.
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 Clariant Corporation
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 Lubrizol Corporation
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
15.2.7 Stepan Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Colonial Chemical Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
16 Consumer Analysis
16.1 Procter & Gamble
16.2 Unilever PLC
16.3 L’Oréal S.A.
16.4 Henkel AG & Co KGaA
16.5 Colgate Palmolive Company
16.6 Johnson & Johnson
16.7 Reckitt Benckiser Group PLC
16.8 Avon Products Inc.
16.9 Estee Lauder Companies Inc.
17 Industry Events and Developments