Expert Market Research’s new report titled ‘Asia-Pacific Betaines Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the Asia-Pacific betaine market, assessing the market based on its segments such as application and regional markets, among others. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 5%
One of the main reasons for the increase in its production in the Asia-Pacific region is the increased use of betaines as surfactants. In addition, the region’s abundant raw materials offer companies the potential for diversification. In the first part of 2017, the Chinese government imposed strict rules to reduce the supply of raw materials (MCA and DMAPA) due to poor environmental conditions. As a result, betaine costs soared 20% between 2016 and 2017.
Industry definition and major segments
Many food products such as sugar beets, quinoa, shrimp, broccoli, steak, spinach, brown rice, sweet potato, and cereals contain betaine. These meals help in the treatment of cardiovascular diseases, improving muscle strength, improving metabolism and reducing fat. As a result, it is used in the food industry and in the manufacture of functional drinks to increase their nutritional content. The low irritant impact, skin compatibility and strong foaming ability of betaines have been important reasons for its wide range of use in a variety of sectors.
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On the basis of Application, the Asia-Pacific betaine market is segmented into:
• Food and drinks
• Home care and personal care
• Animal feed
Major Regional Markets of Asia-Pacific Betaines Market are:
• South East Asia
The industry is growing due to rapid urbanization and increasing population in the Asia-Pacific region. Apart from this, betaine is used as an animal feed ingredient in a number of countries in the region due to its high nutritional value. The demand for animal feed is expected to increase over the forecast period owing to the numerous attempts by the Indian government to sensitize farmers on animal health and improved feeding practices. The expansion of the betaine market in Asia Pacific has been propelled by an increase in demand for dietary supplements and healthy drinks among health enthusiasts. Additionally, a number of companies are launching new personal care products containing natural and biodegradable chemicals. The sale of betaines is steadily growing in the region as the demand for these items increases due to increased consumer awareness.
Main market players
Major market players include BASF SE, Kao Corporation, Evonik Industries AG, Shanghai Kang Xin Chemical Co., Ltd., Miwon EOD Co., Ltd., Chemrez Technologies, Inc., Galaxy Surfactants Limited, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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