Latin America Betaines Market to be Driven by the Growing Number of Health-Conscious Consumers and Rising Demand for Biodegradable and Natural Beauty Products in the Forecast Period of 2021-2026

Press Release


The new report by Expert Market Research titled, ‘Latin America Betaines Market Size, Share, Price, Growth, Analysis, Report and Forecast 2021-2026’, gives an in-depth analysis of the Latin America betaines market, assessing the market based on its segments like applications and major countries. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

● Historical CAGR (2016-2020): 4.7% (Global Betaines Market)
● Forecast Market Size (2026): 167 kilo metric tons (Latin America Betaines Market)

Since betaines aid in muscle development, they are widely used in dietary supplements, thus, fuelling the market growth. As a result, the Latin America betaines demand is expected to exceed 167 kilo metric tonnes by 2026. In the global market, there are two kinds of betaines: synthetic and normal. Synthetic betaines currently account for the bulk of the overall share, followed by natural betaines. Natural betaines, on the other hand, are gaining prominence as people become more mindful of the dangers of synthetic betaines. Furthermore, natural betaines are more powerful in stressful situations, such as gut health and heat. DMAPA, MCA, and fatty acids are the primary raw materials used in the production of betaine, depending on the grade needed.

Industry Definition and Major Segments

Betaines occur naturally in broccoli, sugar beet, beef, quinoa, sweet potato, and brown rice. It is used in the improvement of metabolism, the reduction of weight, the enhancement of general physical performance, and the treatment of various heart diseases. As a result, betaine is used in functional beverages as well as other food items.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/latam-Betaines-Market

By application, the market can be segmented into:

● Food and Beverage
● Animal Feed
● Home and Personal Care
● Others

The regional markets of betaines in Latin America include:

• Brazil
• Argentina
• Mexico
• Colombia

Market Trends

The growing demand for biodegradable and natural beauty and personal care goods is driving the Latin America betaines market. Aside from that, betaines are in high demand in Brazil, Argentina, and Mexico due to the growing demand from the cosmetic and pharmaceutical industries. Furthermore, betaines are used as ingredients in animal feed to aid in brain growth and the functionality of the animal nervous system, thus, the rising animal feed industry in the region will further contribute to the growth of the betaines market in Latin America. Betaines’ expanding applications in a variety of industries are driving the demand growth in the Latin America market.

Key Market Players

BASF SE, DuPont, Evonik Industries AG, Kao Corporation, Oxiteno S.A., and Inolex Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

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