Arab & Middle East News
(ARABNEWSWIRE.COM, October 12, 2017 ) According to the report “Middle East and Africa Betaine Market By Type (Synthetic Betaine And Natural Betaine), By Form (Betaine Anhydrous, Cocamidopropyl Betaine, Betaine Monohydrate), By Application (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Detergents), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Middle East and Africa Betaine Market was worth USD 0.27 billion in 2016 and estimated to be growing at a CAGR of 5.97%, to reach USD 0.35 billion by 2021.
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The market is showing great potential in the mentioned forecasting period. Betaine is an amino acid that has demonstrated several potential benefits for curing heart disease, improving body consumption and aids in promoting muscle gain and reduction in fat because of its abilities to promote protein synthesis in the body. Betaine also helps in improving physical performance including power, strength and muscle endurance.
Betaine is also used as an additive in animal feed, which helps in carrying nutritive value by supporting the functionality of nervous system and helps in brain development in animals. It is also acknowledged as an anti-stressing agent and is found to improve athletic performance. The health benefits of betaine are estimated to increase the number of applications of betaine in the Middle East & African market.
The market is driven by the rapid demand of the betaine and betaine related products in the Middle East & Africa region. In the recent times, South Africa, Israel and Egypt are observing high demand of betaine, majorly due to the growing uses of betaine in the animal feed industry and also in the sports drink as a beverage. Betaine is good for health if consumed under limits and is recommended in diet by many dieticians. The major factors restraining the growth of the betaine market is the health problems associated with the consumption of betaine and presence of substitutes in the market.
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The Middle East & Africa betaine market is broadly categorized into Synthetic betaine and Natural betaine. Based on form, the market is segmented as Betaine Anhydrous, Cocamidopropyl Betaine and Betaine Monohydrate. Based on Application, the market is further segmented into Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics and Detergents. Pharmaceutical Betaine accounted for the highest revenue of the overall industry and Cosmetic betaine is projected to witness huge growth rate during the forecast period. Pharmaceutical use of betaine was followed by Animal Feed use of betaine in terms of market share. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
There are many players which are dominating the market, some of the key companies include Sunwin Chemicals, American Crystal Sugar Company, Amino GmbH, Associated British Food Plc, Solvay S.A., Kao Corporation, DuPont, Stepan Company, Nutreco N.V. and BASF SE.
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