Global Betanin Market, By Form (Liquid Betanin, Powder Betanin), Product Source (Red Beet, Yellow Beet, Prickly Peer, Swiss Chard, Grain Amaranth, Cactus Fruits), End-Use (Food & Beverages, Cosmetics & Personal Care, Paint Industry, Healthcare, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Betanin Market
The betanin market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 0.43 billion and grow at a CAGR of 4.70% in the above-mentioned forecast period. Increase in the consumption of food containing natural colors acts as an essential factor driving the betanin market.
Betanin or beetroot red is defined as a red-colored pigment which is used as a food dye that is obtained from beetroot. Beetroots are diffused, strained, or pressed at a low pH to produce water-soluble betanin. It is extensively used as a natural colorant in the food, cosmetics, and paint industries. There are numerous sources of betanin, that include red or yellow beet, colored Swiss chard, prickly pear, grain amaranth, and cactus fruits.
Rise in the consumer awareness towards the use of organic products is a vital factor escalating the market growth, also rise in the consumer inclination towards a healthier lifestyle and organic food products, rise in the consumption of different end use products, increase in the investment of huge amounts of money to set up manufacturing and sales facilities, rise in the population, increase in the disposable income and increase in the demand of betanin in developed and developing countries are the major factors among others driving the betanin market. Moreover, rise in the research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the betanin market in the forecast period of 2021- 2028.
However, large intake of beetroot juice may lower the blood pressure to a great extent and cause faintness and weakness, and betanin is also used as a natural food colorant so its cost is high which collectively acts as the major factors among others acting as restraints, and will further challenge the betanin market in the forecast period.
The betanin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the betanin market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Betanin Market Scope and Market Size
The betanin market is segmented on the basis of form, product source and end-use. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of form, the betanin market is segmented into liquid betanin and powder betanin.
- Based on product source, the betanin market is segmented into red beet, yellow beet, prickly pear, Swiss chard, grain amaranth and actus fruits.
- The betanin market is also segmented on the basis of end-use into food & beverages, cosmetics & personal care, paint industry, healthcare and others.
Betanin Market Country Level Analysis
The betanin market is analysed and market size insights and trends are provided by country, form, product source and end-use as referenced above.
The countries covered in betanin market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America and Europe dominates the betanin market due to large number of manufacturers with high production capacities, rise in the consumer inclination towards a healthier lifestyle and organic food products and increase in the consumption of different end use products in this region. Latin America and Asia-Pacific are the expected regions in terms of growth in betanin market due to rise in the consumption of different end use products in these regions.
The country section of the betanin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Betanin Market Share Analysis
The betanin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to betanin market.
The major players covered in the betanin market report are Merck Sharp & Dohme Corp (a subsidiary of Merck & Co., Inc.), TCI Chemicals (India) Pvt. Ltd, Top Pharm Chemical Group, Kanegrade, Hunan NutraMax Inc, Nanjing Zelang Medical Technology Co., Ltd, KINGHERBS, Bakels Worldwide, VWR International, LLC., Qingdao Pengyuan Kanghua Natural Source Co., Ltd and Top Pharm Chemical Group, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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