MarketResearch.biz delivers in-depth insights on the global glycinates market in its upcoming report titled, “Global Glycinates Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global glycinates market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global glycinates market report has been segmented on the type, form, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Glycinates is also known as glycine chelates which is used in various applications such as food addivities, pharmaceuticals, animal nutrition etc.
Growing demand for glycinates in personal care and cosmetic products is major factor expected to drive growth of the global glycinates market over the forecast period. Increasing number of mineral deficiency cases coupled with companies focusing on developing and selling of manganese glycinate that can cure the deficiency among consumers is other factor expected to fuel growth of market over the forecast period. In addition, various health benefits and effectiveness associated with consumption of glycinates is expected to create demand for glycinates in pharmaceuticals and nutraceutical industries which in turn drives growth of the market over the forecast period.
However, high research and development cost of glycinates is expected to limit growth of market over the forecast period. In addition, fluctuating prices of raw materials is other expected to hamper growth of the market, to a certain extent.
Increasing market penetration of international players in developing region, so as to increase customer base in the region is expected to create lucrative opportunities for players operating the target market.
Based on application, the global glycinates market is segmented based on food additive, pharmaceuticals/nutraceuticals, feed additives, and personal care products. Feed additives segment contributes major revenue share of the market. Companies operating the target market are focusing on manufacturing and marketing of glycinates for animal feed, owing to the rapidly growing demand for dairy and meat products, which in turn drive growth of the segment over the forecast period.
North America market dominates the global glycinates market in terms of revenue contribution as compared to that of markets in other regions. Europe accounts for second-largest revenue share contribution to the global glycinates market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Growing pharmaceutical and nutraceutical industry is in turn expected to drive growth of the global glycinates market over the forecast period.
Global Glycinates Market Segmentation:
Global glycinates market segmentation, by type:
- Manganese glycinate
- Sodium glycinate
- Zinc glycinate
- Calcium glycinate
- Copper glycinate
Global glycinates market segmentation, by form:
Global glycinates market segmentation, by application:
- Food additives
- Feed additives
- Personal care products
Global glycinates market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- BASF SE
- Solvay S.A.
- Ajinomoto Co., Inc.
- Albion Laboratories, Inc.
- Shijiazhuang Donghua Jinlong Chemical Co., Ltd
- Galaxy Surfactants Ltd.
- Novotech Nutraceuticals, Inc.
- Dunstan Nutrition Limited
- Chaitanya Biologicals Private Limited.
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