As per this study the Global Glycine Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Glycine is the colorless and crystalline non-essential amino acid that can be prepared by body through various processes. It is also present abundantly in eggs, meat, cereals, legumes and high protein diet. It has various health benefits that are used to treat insomnia, metabolic syndrome, enlarged prostate, & many more medical conditions. Glycine finds its usage across food & beverage, animal feed, pharmaceutical, cosmetics, and various industrial applications.
The growing demands from pharmaceutical industry for development of novel drugs to treat sleep disorder, schizophrenia, and benign prostate hyperplasia is driving the market growth. The rise in meat consumption across the globe followed by growth in demand for animal feed is also a key contributor of the growth of this market. In addition, Increasing demand for dietary supplement is also boosting the market demand. The shifting interest towards enhancing physical aesthetics is creating huge demand for cosmetic and personal care product. This is further boosting the market growth. However, volatile raw material price may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of glycine.
The broad glycine market has been sub-grouped into grade and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Food Grade
- Pharmaceutical Grade
- Technical Grade
- Food & Beverages
- Cosmetics & Personal Care
- Chemical Intermediate
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for glycine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Glycine Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the glycine market include Advance Chemical Sales Corporation, Ajinomoto North America, Inc., AMINO GmbH, Chattem Chemicals, Inc., Evonik Industries AG, GEO Specialty Chemicals, Inc., Triveni Chemicals among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.