Global Betaine Market is expected to register a conservative CAGR in the forecast period of 2019-2026. The report is based on the data from the base year of 2018 and the historic year of 2017. The market is expected to grow at a modest rate due to the increasing awareness regarding the benefits associated with the consumption of betaine. The market is also driven by the growing demand from various end-users.
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Key Developments in the Market:
- In March 2018, Amino GmbH announced the formation of company AMixCo Premix GmbH with the focus entirely on amino acid premixes. With this formulation, higher quality and specific packs and needs will be met of the consumers.
- In February 2017, United Sugar Corporation managed by the American Crystal Sugar Company announced the initiation of bulk storage and transferring facility in Montogomery, Illinois, United States. Financed by American Crystal Sugar Company, the facility is expected to increase the distribution and sales in the surrounding areas.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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- Growing awareness regarding the benefits of betaine is expected to drive the market growth
- Growing demand from the various applicable end-user industry is also expected to drive the market growth
Global betaine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of betaine market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the betaine market are:-
- BASF SE,
- Associated British Foods plc,
- Kao Corporation,
- Amino GmbH,
- Stepan Company,
- American Crystal Sugar Company,
- Enaspol Inc.,
- Norkem Limited,
- Sunland Chemical,
- Shanghai Kangxin Chemical CO.LTD.
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