Glycinates Market: Industry Analysis and Forecast (2023-2029)

Glycinates Market size was valued at US$ 0.95 Bn. in 2022 and the total revenue is expected to grow at 6.45% through 2023 to 2029, reaching nearly US$ 1.47 Bn.
Glycinates Market Overview:
The Glycinates Market is expected to grow significantly during the forecast period. The market is segmented on the basis of type, application, form and region. On the basis of type, the Glycinates market is further sub-segmented into Magnesium glycinate, Calcium glycinate, Zinc glycinate, Iron glycinate, Copper glycinate, Manganese glycinate and Sodium glycinate. On the basis of application, the glycinates market is segmented into animal feed, pharmaceutical/nutraceutical, food & beverage and cosmetics & personal care. On the basis of form, the market is segmented into dry and liquid types. Geographically the Glycinates market is segmented into North America, Europe, Asia-Pacific and other regions that comprise rest of the world.To know about the Research Methodology:- Request Free Sample Report
Glycinates Market Dynamics:
Glycinates market is projected to grow during the forecast period owing to the plethora of applications it can be used in for. Glycinates Market size was valued at US$ 0.95 Bn. in 2022 and the total revenue is expected to grow at 6.45% through 2022 to 2029, reaching nearly US$ 1.3 Bn. Glycinate is employed in a variety of ways, it is used as an animal feed addition to improve feed yield and quality, resulting in better animal health and performance. Rising government initiatives to provide financial assistance to livestock producers are expected to enhance the glycinates market. One of the other key reasons for the glycinate markets to grow is the increased awareness towards health and fitness.

Glycinates are in high demand because to the increased need for nutritious food items around the world. Factors such as rising mineral deficiency among the population, particularly in emerging countries such as Brazil, rising demand for chelated minerals in food additives, and rising limits on the use of antibiotics in livestock feed are also driving the industry. Glycinates are also used as dietary supplements to boost the immune system and strengthen bones. The demand for healthy and natural food additives in the pharmaceuticals and nutraceuticals industries, as well as increased consumer awareness of skincare products containing natural chemicals like magnesium glycinate, are driving the market expansion of glycinates market.

The need for nutritional supplements has increased since the outbreak of the COVID-19 pandemic. Supplements that improve overall health and immunity are in high demand, owing to shifts in consumer behaviour and purchasing patterns. Liquid form of glycinates is in high demand from cosmetics and skincare manufacturers because of the ability to easily mix and blend in the additives and binding agents of personal care and cosmetic products such as shampoo, shower gel, moisturiser, lotion and hand wash.

All these factors are contributing heavily to the high demand of glycinates and driving the glycinate market upwards. One of the disadvantages of liquid form of glycinates is the high risk of spillage due to which extreme care is required in order to transport glycinates which increases the cost of transportation of the manufacturer and supplier both.The major restraining factor of the glycinates market growth is the high cost of research and development that is incurred to develop new formulations and compounds that deters the organisations to innovate and diversify.
Glycinates Market Segment Analysis:
The market is segmented on the basis of type, application, form and region.

On the basis of type, the Glycinates market is further sub-segmented into Magnesium glycinate, Calcium glycinate, Zinc glycinate, Iron glycinate, Copper glycinate, Manganese glycinate and Sodium glycinate. Amongst the glycinates type magnesium glycinate segments is projected to hold major market share of xx% by 2029. This is due to the ability of magnesium glycinate to detoxify body. It increases bio-absorbability and has multiple uses in dietary supplements.

On the basis of application, the glycinates market is further sub-segmented into animal feed, pharmaceutical/nutraceutical, food & beverage and cosmetics & personal care. Amongst the market segments by application the animal feed segment is projected to hold major market share of xx% by 2029. This is due to the ability of glycinates to increase the quality of meat which is of prime importance in poultry sector. The glycinates used for animal feeding also increase the volume of dairy produce which is one of the biggest driving factors of the glycinates market.

On the basis of form, the glycinates market is segmented into dry and liquid types. The dry segment has various benefits like low cost and relative ease of transportation as compared to the liquid form. However, the liquid form is projected to hold major market share during the forecast period due to its usage in cosmetics and personal care industry. The liquid form can mix and blend with the binding agents in cosmetic products easily. Liquid glycinates are also utilised in food and beverages to improve the final texture. This is one of the major driving factors of the overall glycinate market.
Glycinates Market Regional Insights:
Geographically, the glycinates market is segmented into North America, Europe, Asia-Pacific and other regions that comprises rest of the world. North America market segment hold the largest market share of xx% by 2029 and is projected to grow at CAGR of xx% during the forecast period as well due to the fact that it is the largest market for animal feed. The animal feed products require glycinates in large volumes and hence drive the market share of the region upwards. Europe and Asia-Pacific markets are also projected to experience significant growth owing to the large demand for personal care and cosmetic products as the disposable incomes of the constituent countries rise. The increasing demand for dietary supplements is also one of the major factors of significant growth in the glycinates market regionally.

The objective of the report is to present a comprehensive analysis of the Glycinates market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Glycinates market dynamics, structure by analyzing the market segments and project the Glycinates market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Glycinates market make the report investor’s guide.
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Global Glycinates Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 0.95 Bn.


Forecast Period 2023 to 2029 CAGR:
6.45%
Market Size in 2029:
US $ 1.47 Bn.


 Segments Covered:
by Form
Dry
Liquid


by Type
Magnesium glycinate
Calcium glycinate
Zinc glycinate
Iron glycinate
Copper glycinate
Manganese glycinate
Sodium glycinate


by Application
Animal feed
Pharmaceutical/nutraceutical
Food & beverage
Cosmetics & personal care



Glycinates Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Glycinates Market Key Players
1. BASF (Germany)
2. Solvay (Belgium)
3. Ajinomoto (Japan)
4. Clariant (Switzerland)
5. Albion Laboratories (US)
6. Aditya Chemicals (India)
7. Pancosma SA (Switzerland)
8. Dunstan nutrition (New Zealand)
9. Innospec (US)
10. Pharmavit (Netherlands)
11. Jost Chemical Co. (US)
12. Galaxy Surfactants (India)
13. Schaumann (Germany)
14. Shijiazhuang Donghua Jinlong Chemical (China)
15. Aliphos (Belgium)

Frequently Asked Questions:

1. Which region has the largest share in Global Glycinates Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Glycinates Market?
Ans: The Global Glycinates Market is growing at a CAGR of 6.45% during forecasting period 2023-2029.

3. What is scope of the Global Glycinates market report?
Ans: Global Glycinates Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Glycinates market?
Ans: The important key players in the Global Glycinates Market are – BASF (Germany), Solvay (Belgium), Ajinomoto (Japan), Clariant (Switzerland), Albion Laboratories (US), Aditya Chemicals (India), Pancosma SA (Switzerland), Dunstan nutrition (New Zealand), Innospec (US), Pharmavit (Netherlands), Jost Chemical Co. (US), Galaxy Surfactants (India), Schaumann (Germany), Shijiazhuang Donghua Jinlong Chemical (China), and Aliphos (Belgium)

5. What is the study period of this market?
Ans: The Global Glycinates Market is studied from 2022 to 2029.