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Latin America Betaines Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Price Analysis; Manufacturing Process; Industry Events and Developments; Competitive Landscape, 2022-2027

Betaines Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


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.

Industry Definition and Segmentation

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, Mexico, and Colombia Regions drive the Industry's growth.

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.

Best Procurement Practices

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.

Category Management Studies

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.

Other Applications of the Product, Further Bolstering the Procurement of 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.

Key Industry Players Mentioned in the Betaines Industry Report

  • BASF SE
  • Du Pont
  • Evonik Industries AG
  • Kao Corporation
  • Inolex Inc

Market Landscape

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.

Key Initiatives by Companies

  • June 28, 2022 - For some speciality amines produced at BASF's facility in Geismar, Louisiana, manufacturing capacity will be increased. By the middle of 2023, a flexible global manufacturing asset will expand its production capacity, allowing BASF to create more of the primary polyether amines and tertiary amines sold under the Baxxodur® and LupragenTM names.
  • Kao Corporation, a group with headquarters in Japan and a brand portfolio including Attack, Bioré, Goldwell, Jergens, John Frieda, Kanebo, Laurier, Merries, and Molton Brown, has published updates on the Kirei Lifestyle Plan, their ESG approach. The "Kao Sustainability Report 2022" provides specifics on its development.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
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
        8.10.1    Natural
        8.10.2    Synthetic
    8.11    Global Betaines Market by Application
        8.11.1    Industrial
        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
            8.13.1.1    North America
            8.13.1.2    Europe
            8.13.1.3    Asia Pacific
            8.13.1.4    Latin America
            8.13.1.5    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
            9.10.1.1    Market Share
            9.10.1.2    Historical Trend (2017-2021)
            9.10.1.3    Forecast Trend (2022-2027)
        9.10.2    Home and Personal Care
            9.10.2.1    Market Share
            9.10.2.2    Historical Trend (2017-2021)
            9.10.2.3    Forecast Trend (2022-2027)
        9.10.3    Animal Feed
            9.10.3.1    Market Share
            9.10.3.2    Historical Trend (2017-2021)
            9.10.3.3    Forecast Trend (2022-2027)
        9.10.4    Others 
    9.11    Latin America Betaines Market by Country
        9.11.1    Market Share
            9.11.1.1    Brazil
            9.11.1.2    Argentina
            9.11.1.3    Mexico
            9.11.1.4    Colombia
10    Regional Analysis
    10.1    Brazil
        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    Argentina
        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    Mexico
        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    Colombia
        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
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    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)
        14.1.1    Brazil
        14.1.2    Argentina
        14.1.3    Mexico
        14.1.4    Colombia
    14.2    Fatty Acid Betaine Historical Price Trends (2017-2021) and Forecast (2022-2027)
        14.2.1    Brazil
        14.2.2    Argentina
        14.2.3    Mexico
        14.2.4    Colombia
    14.3    High pH Betaine Historical Price Trends (2017-2021) and Forecast (2022-2027)
        14.3.1    Brazil
        14.3.2    Argentina
        14.3.3    Mexico
        14.3.4    Colombia
15    Feedstock Market Analysis
    15.1    Overview
        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
            15.2.1.1    By Volume
            15.2.1.2    By Value
        15.2.2    Major Exporting Countries
            15.2.2.1    By Volume
            15.2.2.2    By Value
    15.3    Price Analysis
        15.3.1    Dimethylaminopropylamine (DMAPA) 
            15.3.1.1    Brazil
            15.3.1.2    Argentina
            15.3.1.3    Mexico
            15.3.1.4    Colombia
        15.3.2    Monochloroacetic Acid (MCA)
            15.3.2.1    Brazil
            15.3.2.2    Argentina
            15.3.2.3    Mexico
            15.3.2.4    Colombia
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players 
    16.3    Company Profiles
        16.3.1    BASF SE
            16.3.1.1    Company Overview
            16.3.1.2    Product Portfolio
            16.3.1.3    Demographic Reach and Achievements
            16.3.1.4    Certifications
        16.3.2    Du Pont
            16.3.2.1    Company Overview
            16.3.2.2    Product Portfolio
            16.3.2.3    Demographic Reach and Achievements
            16.3.2.4    Certifications
        16.3.3    Evonik Industries AG
            16.3.3.1    Company Overview
            16.3.3.2    Product Portfolio
            16.3.3.3    Demographic Reach and Achievements
            16.3.3.4    Certifications
        16.3.4    Kao Corporation
            16.3.4.1    Company Overview
            16.3.4.2    Product Portfolio
            16.3.4.3    Demographic Reach and Achievements
            16.3.4.4    Certifications
        16.3.5    Inolex Inc
            16.3.5.1    Company Overview
            16.3.5.2    Product Portfolio
            16.3.5.3    Demographic Reach and Achievements
            16.3.5.4    Certifications
        16.3.6    Oxiteno S.A.
            16.3.6.1    Company Overview
            16.3.6.2    Product Portfolio
            16.3.6.3    Demographic Reach and Achievements
            16.3.6.4    Certifications
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
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

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Key Questions Answered in the Report

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.

Analyst Review

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.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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