Betaine is an amino acid structurally somewhat similar to Glycine but with three Methyl groups (Trimethyl Glycine), also known as Glycine Betaine. It is believed to have staggering results on the human body, including warding-off heart diseases, burning out of fat, synthesis of muscle proteins, and extenuating lactic acid formation post rigorous physical vigour, among others. Its chemical formula is C5H11NO2.
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The COVID-19 pandemic has been a critical driver in ballooning Betaine products' inclusion in dietary supplements as it is instrumental in boosting various health ailments. The personal care sector and the corporations representing this sector tends to be the biggest consumer and demand generator. Additionally, its demand as a surfactant and constituent of various pharmaceutical products is touted as another fostering factor.
As per industry experts, the Compound Annual Growth Rate (CAGR) would shoot up by 5-6% in the next five years. The North American region is reported to have the largest market for Betaine, and the USA takes the lion's share in the Betaine market.
Key Details About the Betaine Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Betaine price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Betaine price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Betaine Price Trend:
Betaine comes in various forms, such as Anhydrous, Betaine HCl, Cocamidopropyl Betaine, etc. Betaine is profusely used in the pharma and healthcare sector. It is used in beverages to bolster health supplements and the enrichment of nutrients. It is also used in a plethora of medicines, cosmetic products, Products for animal nutrition, etc.
Betaine is an amazing food preservative as well, therefore, is used in food production.
Key Market Players:
- DuPont de Nemours, Inc.
- BASF SE
- Solvay S.A.
- Stepan Company
- Kao Corporation
News and Events:
- May-June 2022 – A significant hike in the price of Betaine was observed in May 2022 and June 2022. While the Betaine price in May was around 265-280 EUR/MT, it was 300-325 EUR/MT in June 2022.
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