The Latin America Betaines market reached a value of about 88.91 KMT in 2021. The industry is projected to grow at a CAGR of around 5.5% in the forecast period of 2022-2027 to reach a value of about 122.59 KMT by 2027.
The Latin America Betaines industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for healthy beverages and nutritional supplements is due to more customers becoming health-conscious. As a result, the market is propelling. Brazil, Argentina, and Mexico are the highest category spender by region, driving the demand for the Betaines industry.
Betaine is a glycine-based modified amino acid that functions as a methyl donor for several metabolic processes. These products aid in boosting physical performance overall, lowering body fat, boosting metabolism, and treating various cardiac conditions. Broccoli, sugar beet, beef, quinoa, sweet potatoes, and brown rice naturally contain betaine. The Betaines industry report comprises segments by Type (Natural, Synthetic), Application (Industrial, Home, and Personal Care - as Surfactants), Grade (Home and Personal Care, Food and Beverages), Application (Food and Beverages, Home and Personal Care, Animal Feed, Others), and Country (Brazil, Argentina, Mexico, Colombia).
Brazil, Argentina, and Mexico are the leading areas in the region due to the expanding use in the beauty and pharmaceutical sectors.
The market is being driven by the application of the product in enhancing muscle growth. Synthetic betaines hold a significant market share, followed by natural betaines. However, as people become more aware of the harmful consequences of synthetic betaines, natural betaines are gaining traction. Additionally, natural betaines are more efficient in stressful situations like heat and gastrointestinal health, furthering the market's growth.
The Latin America Betaines industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major Latin America Betaines regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Chloroacetic acid is treated with sodium carbonate to produce anhydrous betaine, which is then dropped into liquid trimethylamine to take betaine hydrochloride. Ion exchange resin and a decompression process are used to ensure the product has a high purity and yield rate. The ester betaines are produced by esterifying the amino alcohol with a fatty acid or fatty acid ester. Mild reaction conditions are preferred because they have fewer by-products. By purging the reaction mixture with an inert gas like nitrogen, carrying out the reaction at lower pressures, or doing both, evaporation can eliminate the transesterification process's derivative. Compared to conventional transesterification, the reaction conditions are far more benign. The ester intermediate reacts with sodium chloroacetate to produce the final betaine surfactant (SCA). The last quaternization stage is carried out in the water, much like other betaines.
The employment of the product is aiding the industry as a co-surfactant, viscosity adjuster, and foam enhancer in the health and personal care industry. Creams, degreasing lotions, shampoos, hand soaps, body washes, and infant products are all made using it, further boosting sales in the sector. It is also used in cosmetics to create cosmetic goods because of its strong water retention capacity, good foaming potential, skin-friendliness, and minimal irritating impact. As a result, the demand is augmenting. In addition, the growing desire for natural and biodegradable cosmetics and personal care items is propelling the industry forward. Also, it is used in animal feed as a supplement to enhance animal nervous system health and aid in brain growth, likely impacting the market growth positively.
The regional markets for the industry can be divided into Brazil, Argentina, Mexico, and Colombia.
The key market players are focusing on market shares, capacities, plant turnarounds, expansions, investments, mergers, and acquisitions, among other most recent activities, to gain the leading position in the market.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Betaines Market Overview
8.1 Key Industry Highlights
8.2 Global Betaines Historical Production (2017-2021)
8.3 Global Betaines Production Forecast (2022-2027)
8.4 Global Betaines Historical Consumption (2017-2021)
8.5 Global Betaines Consumption Forecast (2022-2027)
8.6 Global Betaines (as Surfactants) Historical Production (2017-2021)
8.7 Global Betaines (as Surfactants) Production Forecast (2022-2027)
8.8 Global Betaines (as Surfactants) Historical Consumption (2017-2021)
8.9 Global Betaines (as Surfactants) Consumption Forecast (2022-2027)
8.10 Global Betaines Market by Type
8.11 Global Betaines Market by Application
8.11.2 Home and Personal Care (as Surfactants)
8.12 Global Betaines Application by Grade
8.12.1 Home and Personal Care
8.12.2 Food and Beverages
8.13 Global Betaines Market by Region
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Latin America Betaines Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Betaines Historical Production (2017-2021)
9.3 Latin America Betaines Production Forecast (2022-2027)
9.4 Latin America Betaines Historical Consumption (2017-2021)
9.5 Latin America Betaines Consumption Forecast (2022-2027)
9.6 Latin America Betaines (as Surfactants) Historical Production (2017-2021)
9.7 Latin America Betaines (as Surfactants) Production Forecast (2022-2027)
9.8 Latin America Betaines (as Surfactants) Historical Consumption (2017-2021)
9.9 Latin America Betaines (as Surfactants) Consumption Forecast (2022-2027)
9.10 Latin America Betaines Market by Application
9.10.1 Food and Beverages
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
9.10.2 Home and Personal Care
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
9.10.3 Animal Feed
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
9.11 Latin America Betaines Market by Country
9.11.1 Market Share
10 Regional Analysis
10.1.1 Historical Production (2017-2021)
10.1.2 Production Forecast (2022-2027)
10.1.3 Historical Consumption (2017-2021)
10.1.4 Consumption Forecast (2022-2027)
10.2.1 Historical Production (2017-2021)
10.2.2 Production Forecast (2022-2027)
10.2.3 Historical Consumption (2017-2021)
10.2.4 Consumption Forecast (2022-2027)
10.3.1 Historical Production (2017-2021)
10.3.2 Production Forecast (2022-2027)
10.3.3 Historical Consumption (2017-2021)
10.3.4 Consumption Forecast (2022-2027)
10.4.1 Historical Production (2017-2021)
10.4.2 Production Forecast (2022-2027)
10.4.3 Historical Consumption (2017-2021)
10.4.4 Consumption Forecast (2022-2027)
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Trade Data Analysis (HS Code-340219)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Value Chain Analysis
14 Price Analysis
14.1 Coconut Oil Betaine Historical Price Trends (2017-2021) and Forecast (2022-2027)
14.2 Fatty Acid Betaine Historical Price Trends (2017-2021) and Forecast (2022-2027)
14.3 High pH Betaine Historical Price Trends (2017-2021) and Forecast (2022-2027)
15 Feedstock Market Analysis
15.1.1 Dimethylaminopropylamine (DMAPA)
15.1.2 Monochloroacetic Acid (MCA)
15.2 Trade Data Analysis (HS Codes: 2921, 2915)
15.2.1 Major Importing Countries
188.8.131.52 By Volume
184.108.40.206 By Value
15.2.2 Major Exporting Countries
220.127.116.11 By Volume
18.104.22.168 By Value
15.3 Price Analysis
15.3.1 Dimethylaminopropylamine (DMAPA)
15.3.2 Monochloroacetic Acid (MCA)
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Company Profiles
16.3.1 BASF SE
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.3.2 Du Pont
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16.3.3 Evonik Industries AG
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.3.4 Kao Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16.3.5 Inolex Inc
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
16.3.6 Oxiteno S.A.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
17 Consumer Analysis
18 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Detailed Process Flow
1.2 Operations Involved
1.3 Mass Balance
2 Project Details and Cost Analysis
2.1 Land, Location, and Site Development
2.3 Plant Machinery
2.4 Raw Material
2.9 Other Capital Investment
The Latin America Betaines market size was valued at 88.91 KMT in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 5.5%.
The significant demand for the product in functional foods is one of the essential drivers of the Betaines market growth.
BASF SE, Du Pont, Evonik Industries AG, Kao Corporation, Inolex Inc, and Oxiteno S.A. are some of the key players in the market.
The Brazil, Argentina, and Mexico region of the Betaines industry holds a significant share in the market.
The Latin America Betaines market attained a value of 88.91 KMT in 2021, driven by the application of the product in enhancing muscle growth. Aided by the employment of the product as a co-surfactant, viscosity adjuster, and foam enhancer in the health and personal care industry, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%. The market is projected to reach 122.59 KMT by 2027. Some of the leading players in the industry are BASF SE, Du Pont, Evonik Industries AG, Kao Corporation, Inolex Inc, and Oxiteno S.A.
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