The new report by Informes de Expertos titled, ‘Latin America Betaine Market 2023-2028’ , offers an in-depth examination of the market landscape, on the basis of segmentation by application and regions. The report provides detailes evaluation by exploring key factors such as regional trends and drivers and examining market limitations and challenges through Porter’s five forces model and a SWOT analysis. Additionally, the market is analyzed based on past and future trends and their impact on the market dynamics and prospects, with comprehensive research on price indicators and market players included.
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Los aspectos más destacados del informe son:
Visión General del Mercado (2018-2028)
• CAGR del Periodo de Pronóstico (2023-2028): 5,50%
El crecimiento del mercado de betaínas en América Latina está en auge debido a la creciente concienciación sobre sus beneficios para la salud. La creciente concienciación sobre los beneficios potenciales de la betaína para la salud, como la mejora del rendimiento físico y de la función hepática, está impulsando la demanda del producto en la región. Además, la creciente tendencia hacia ingredientes naturales y orgánicos en la industria de alimentos y bebidas está impulsando la demanda de betaína como ingrediente natural en una serie de productos, lo que demostró el crecimiento de las ventas a un volumen de 96 millones de toneladas en 2021.
La creciente demanda de carne y productos lácteos en la región está impulsando el crecimiento en la industria de la alimentación animal, que es un importante mercado de uso final para la betaína. El creciente mercado de la nutrición deportiva, ya que los productos comunes a menudo contienen betaína como ingrediente clave, está dando forma a las preferencias de los consumidores. Como consecuencia, se está invirtiendo cada vez más en investigación y desarrollo, lo que se espera que conduzca al desarrollo de nuevas aplicaciones para el producto, impulsando aún más la demanda en la región.
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Industry Definition and Major Segments
Betaine is a naturally occurring compound found in certain foods such as beets, spinach, whole grains, and some seafood. It is a methyl donor, meaning it donates methyl groups, which are involved in a number of important biological processes.
By application, the market can be segmented into:
• Food & Beverage
• HPC
• Animal Feed
• Others
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Others
Market Trends
The food and beverage industry’s shift towards natural and organic ingredients has boosted the demand for betaine, leading to the expansion of production facilities by companies in the betaine market. The demand for betaine has also increased for use in animal feed. The increasing interest in sports and fitness in the region is driving the demand for sports nutrition products that often incorporate betaine as a crucial component.
To keep pace with the rising demand for betaine, companies in the market are expanding their production capacities. The increasing competition in the market is pushing companies to prioritize product innovation and differentiation. The expanding investment in R&D in the betaine market is expected to lead to the introduction of new uses for the product, further boosting demand. Thus, companies in the betaine market are putting more emphasis on sustainability, including reducing their carbon emissions and utilizing renewable energy in production.
Key Market Players
The major players in the market are:
• BASF SE
• DuPont Nutrition Bioscience Aps
• Evonik Degussa Argentina S.A.
• Quimi-Kao, S.A. de C.V.
• Oxiteno S.A.
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, 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.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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