Global Feed Betaine Market - Growth, Trends and Forecasts (2017 - 2022)
The Global Feed Betaine market was estimated to be USD XX billion in 2015 and expected to reach USD XX billion by 2020 at a CAGR of XX% during the forecasted period 2016-2020. Betaine is an amino acid also known as trimethylglycine that has shown potential benefits for fighting heat stress conditions, improving blood composition and helping promote muscle gain and fat loss. It can be prepared synthetically or from sugar beet molasses and extensively used in feed. Growing potential for betaine in food and feed industry is the chief contributor for the growth of the market. Addition to that the adverse health benefits by betaine in feed like improving the metabolic functions, assisting heat stress conditions in birds and improving slaughter characteristics is boosting the market and Multi-functional usage of betaine in feed and food is also driving the market. However, Excessive usage can lead to allergies and may cause many side effects in animal health and increasing raw material price are hindering the market growth. The market is further segmented into by form and by type. On the basis of by form the market is classified into natural betaine and synthetic betaine. Natural betaine is obtained from sugar beet and expected to be the fastest growing segment as it is cost effective and also alleviates the negative effects of osmotic stress and helps maintain gut integrity. On the basis of type the market is segmented into betaine anhydrous and Betaine Hydrochloride. among these Betaine Hydrochloride dominates the market due to its similar nutritional properties as natural betaine and it is also a year round source of betaine for feed industry with much cheaper rates. Asia pacific is the fastest growing market for betaine due to the rapid expansion of animal husbandry in developing countries of the region , leading to increasing consumption of feed which, in turn raised the demand for betaine. Europe is one of the major markets following North America. The growth in EU is due to the acceptance of betaine in feed by regulatory bodies like Novel Food Regulation and FEEDAP. The major players in the market are BASF SE , Associated British Food plc., E. I. Du Pont de Nemours , American Crystal Sugar Company , Solvay S.A, Nutreco N.V., Kao Corporation, Amino GmbH, Sunwin Chemicals, Weifang Sunwin Chemicals Co. Ltd, Stepan Company. The major companies are focusing in introducing betaine as anti-stressing agent in feed and implementing as a feed nutrient in feed as well as pet diets in order to gain the competitive edge. Key Deliverables in the Study Market analysis for the Global Feed Betaine market , with region specific assessments and competition analysis. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market. Extensively researched competitive landscape section with profiles of major companies along with their market shares. Identification and analysis of the macro and micro factors that affect the Global Feed Betaine market . A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major regions in country where this industry is blooming and to also identify the regions that are still untapped.