MYSQL backup options using mysqldump and mysqlbackup

Question

I'm currently using mysqldump to backup mysql database.

I heard that mysqlbackup offers a much much better performance. Unfortunately it requires MySQL enterprise version which is pricy.

A few questions:

1. Does a database backed up by mysqlbackup require the user to have MySQL Enterprise Subscription to restore it?
2. Are there any free or low cost alternatives that offer better performance than mysqldump?