The Global Betaine Market is forecast to reach USD 4.49 Billion by 2027, according to a new report by Reports and Data. The continuously expanding geriatric population and associated increasing demand for the dietary supplement is acting as a growth factor for the expansion of the sector, wherein the compound is used in the form of anhydrous Global Betaine due to its ability in supporting the body with TMG. Various studies have suggested the efficaciousness of the compound in various ailments as an anti-inflammatory product. It is also considered to have an advantageous effect on various ailments like Alzheimer's, diabetes, cancer, and obesity. The compound is capable of countering a high level of homocysteine in plasma and increase the level of plasma of S-adenosyl-methionine. Thus, the growing occurrence rate of these conditions and undertaking associated researches would foster the growth of the sector. Various studies have also been conducted on herbicidal ionic liquids and its advancements. In such studies, Global Betaine and carnitine have been found to be derivative for these liquids, which also paves new arenas for its application.
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Prominent players analyzed in the report are :
BASF SE, Amino GmbH, Evonik Industries AG, Dow, Kao Corporation, Evonik Industries AG, Nutreco, Merck KGaA, Stepan Company, and Deals Landscape
Further key findings from the report suggest:
In regards to Form, the Cocamidopropyl Global Betaine segment is projected to witness a considerable growth rate of 7.0% during the forecast period. The growth rate witnessed by the Cocamidopropyl Global Betaine segment is associated with the expansion of the personal care sector and applicability of the compound in this form in personal care products like shampoos, hand soaps wherein as medium-strength surfactant. It also finds application in cosmetic manufacturing wherein it is used as a thicker and emulsifying agent.
In regards to End-use, Cosmetics and personal care segment are projected to witness a considerable growth rate of 7.5%% during the forecast period. The growth rate witnessed by the Cosmetics and personal care segment is attributed to increasing awareness about personal hygiene and associated growing demand for products like hand soaps, shampoos and hair conditioners wherein synthetic Global Betaine finds applications in the formulation of these products due to its moisturizing and water retention properties. The COVID-19 pandemic would also positively contribute to the growth rate witnessed by this segment. The underlying reason being, the outbreak has resulted in the growing demand for personal care and hygiene products, which would support the market share held by this segment.
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Market Overview:
Chemical and manufacturing industry largely caters to a broad range of commodity-related manufacturing and include a wide variety of materials such as sand, gravel, stone, and chemicals. Increasing focus on development of sustainable chemicals and materials, advancements in the development of smart materials such as nanocomposites and other advanced composites, and growing popularity of 3D printing have significantly contributed to revenue growth of the market. In addition, rising emphasis on green building and construction have increased use of renewable resources and this is also a key factor driving market growth.
On the basis of types:
Natural Global Betaine
Synthetic Global Betaine
On the basis of end-use :
Food beverages
Cosmetics and personal care
Animal feed
Others
Regional analysis covers the following key regions:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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