The global betaines market grew at a CAGR of nearly 4.7% during 2018-2023. The rising demand for high nutrition food products and mounting awareness regarding the health benefits of betaine have majorly contributed to the growth of the market in Europe. Owing to this, the Europe betaines market is projected to reach a value of more than 878.77 by 2032.
Base Year
Historical Year
Forecast Year
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Betaine is used as a foam booster, viscosity modifier and co-surfactant in the home and personal care sector. In addition to this, it is also employed in the manufacturing of detergents, cosmetics, animal feed, plastics, pharmaceuticals, coatings and paints.
At present, synthetic betaines are extensively used in diverse industries. However, natural betaine is gaining traction owing to the rising awareness about the harmful effects of synthetic betaines such as nausea, heartburn and stomach upset. Some of the important raw materials used for producing different grades of betaine are fatty acids, MCA and DMAPA.
Betaine is a chemical compound found in cereals, spinach, sugar beet, quinoa, shrimp, broccoli, beef, sweet potato and brown rice. Consuming foods containing betaine aid in improving physical performance, curing cardiovascular diseases, reducing fat and enhancing metabolism. As a result, the use of betaine in the food industry has increased in the past few years. It is now also being used in functional drinks to improve their nutritional value. Besides this, betaine is utilized for manufacturing various toiletries and cosmetics due to its high-water retention capability.
Based on application, the market can be divided into:
Market Breakup by Region:
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Betaine finds applications in the personal care industry due to its advantageous properties. It is extensively used for manufacturing cream, body wash, shampoo, cleansing lotions, baby products and hand soap. As it is used in the production of personal care products, it has been proactive in maintaining the market growth. Due to high per capita income in the United Kingdom, Germany, Italy and Spain, there is a perpetual demand for these products which has further spurred the growth of the industry. Further, the thriving food industry is also propelling the demand for betaines in the region.
In Europe, several food regulatory bodies have sanctioned the utilization of betaine in the food industry. For instance, EFSA panel on Dietetic Products, Nutrition and Allergies (NDA) approved that betaine can be consumed as a novel food (NF) at a maximum intake of 400 mg/day in the target population, that is, sports enthusiasts above 10 years of age. This regulation, coupled with the rising consumption of health supplements, is boosting the sales of betaines in the region.
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In 2016, a decrease in the rates of crude oil largely reduced the prices of fatty acid betaine by 12%. Nonetheless, prices increased by 8% owing to the prevailing conditions of El Nino in 2016 and was considered the highest increase in the past 5 years. Country-wise price trends and detailed market scenario of feedstocks such as MCA and DMAPA is offered in this report.
The report gives a detailed analysis of the following key players in the Europe betaines market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
*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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The growth of the European market was driven by the global market, which grew at a CAGR of nearly 4.7% during the historical period of 2018-2023.
The Europe betaines market is likely to reach a value of more than 878.77 by 2032.
The major drivers of the market include rising disposable incomes, increasing population, growing demand for high nutrition food products, and increasing awareness regarding health.
Several regulations by food regulatory bodies have sanctioned the utilisation of betaine in the food industry, which is expected to be a key trend for the betaines market.
Germany, the United Kingdom, and the Netherlands, among others, are the leading regions in the market.
The major application sectors for the product include food and beverage, home and personal care, and animal feed, among others.
The leading players in the Europe betaines market are Evonik Industries AG, Solvay S.A., Croda International Plc, BASF France SAS, Kao Chemicals Europe, S.L., Enaspol Inc., and Clariant AG.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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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
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