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Report Overview
The global betaines market size reached approximately USD 4.12 Billion in 2023. The market is projected to grow at a CAGR of 5.40% between 2024 and 2032, reaching a value of around USD 6.61 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Natural betaine is increasingly being preferred over its synthetic counterpart due to superior functional properties.
- Major raw materials used for producing different grades of betaine include DMAPA, MCA and fatty acids.
- The betaines market is expected to grow in the Asia Pacific, supported by rising consumption of personal care and cosmetics products.
Competitive Landscape
The market players are carrying out extensive research and development activities to offer bio-based products to enhance their portfolios
| Company | Founded | Headquarters | Areas of Operation |
| Inolex Inc. | 1876 | Philadelphia, United States | Beauty care and hair care |
| Kao Corporation | 1887 | Tokyo, Japan | Hair care, skin care, cosmetic, and home care |
| Evonik Industries AG | 2007 | Essen, Germany | Speciality chemicals and health and nutrition |
| Solvay S.A. | 1863 | Brussels, Belgium | Advanced materials, speciality chemicals, automotive, and aerospace sector |
Other major players in the market are Clariant Corporation, Lubrizol Corporation, Stepan Company, and Colonial Chemical Inc., among others.
Betaines Market Report Snapshots
Betaines Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global betaines market attained a value of about USD 4.12 Billion.
The market is projected to grow at a CAGR of 5.40% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 6.61 Billion by 2032.
The major drivers for the market include rising demand for better nutrition and dietary supplements, multifunctionality of betaine as surfactants and methyl donor, and the growing demand from end-use segments.
The key trend guiding the growth of the betaines market include the growing awareness regarding the health drinks and the consumption of dietary supplements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The major types of betaines in the market are natural and synthetic.
The significant applications of betaines are industrial and home and personal care (as surfactants), with the home and personal care industry leading the market.
The major grade segments in the market are home and personal care and food and beverages.
The major players in the market are Inolex Inc., Kao Corporation, Evonik Industries AG, Solvay S.A., Clariant Corporation, Lubrizol Corporation, Stepan Company, and Colonial Chemical Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124