Market Overview:
Global Animal feed grade betaine market garnered revenue of USD 597.6 Mn in 2021 and expected to rise with a CAGR of 4.7% from 2022-2031. Rise in awareness about the nutritional value of betaine as an animal additive drives the market of the product. Further, increasing demand for livestock food products, adoption of feed grade betaine for all animal species have been significantly feeding the demand for animal feed grade betaine market globally.
Animal feed grade betaine is a tri-methyl derivative of the amino acid glycine employed in animal nutrition. It has good characteristics of an osmolyte that helps in maintaining water balance in an animal’s body. This osmolyte property of betaine results in reducing maintenance and energy requirements in animals.
Growing potential for betaine in feed industry, improving the metabolic functions and saving feed costs by substituting choline chloride and methionine as methyl donors in chicken diets are some of the leading factors for market development. Excessive usage of betaine leads to allergies and side effects in animals that hinders the animal feed grade betaine market growth.
Key Players :
DuPont de Nemours, Inc. Associated British Food Plc. Nutreco N.V. American Crystal Sugar Company, Weifang Sunwin Chemicals Co. Ltd. Xi′an Harmonious Natural Biotechnology Co., Ltd.
Jinan Pengbo Biotechnology Co. Ltd.
Segment Analysis:
Market Research Community provides extensive analysis of the size, share , major trends in each sub-segment of The Animal Feed Grade Betaine Market, along with forecasts at the global, regional and country level from 2022-2028.
Regional Analysis:
North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Covid Impact on Die Casting Market:
Few of the players producing animal feed suffered greatly due to shutdowns, leading to a loss in demand for meat, dairy, and livestock production. Overall, Covid-19 resulted in a decline in the animal feed grade betaine market for the first quarter of 2020 due to sudden lockdown and movement restriction.
With the emergence of vaccination program and ease in restrictions globally, people returned to their pre-covid habits. Animal feed manufacturers adopted a new strategy to combat the situation. For instance, ADM Animal Nutrition, Inc. quickly adopted new ways of working and started various educational series of webinars for animal nutrition just after a month of initial pandemic situations. ADM’s nutrition revenue grew 5% on a constant currency basis and operating profit by 37% year-over-year in 2020 despite the COVID pandemic.
Scope Of Global Surgical Latex And Nitrile Rubber Medical Gloves Market Report:
Global Aortic Stent Grafts Market is segmented by Type, application, and Region. by Type the market is segmented into Natural Betaine and Synthetic Betaine. By application, the market is segmented into Ruminant, Swine, Poultry and Others. The report also covers the market size and forecasts for the Animal Feed Grade Betaine Market in 26 countries across major regions.
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