Glycine Market Dynamics, Top Manufacturers Anal...

The Global Glycine Market is expected to exhibit a solid 3.9% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The latest research report from Market Research Future (MRFR) profiles the global glycine market and provides a detailed overview of the market’s likely growth trajectory over the forecast period till 2030. The major drivers and restraints affecting the global glycine market are profiled in detail in the report to provide readers a clear overview of what is affecting the market most significantly. The leading factors affecting the market positively as well as negatively are profiled in the report, providing readers a clear view of the market’s movement. Major players operating in the global glycine market are also profiled in the report.

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Competitive Leaderboard:

Leading players in the global glycine market include Aditya Chemicals, Triveni Chemicals, Advance Chemical Sales Corporation, Yuki Gosei Kogyo Co. Ltd., AMINO GmbH, Ajinomoto Health & Nutrition North America Inc., Evonik Industries AG, GEO Specialty Chemicals Inc., Chattem Chemicals Inc., and Showa Denko KK.

Major players in the glycine market are likely to focus on production capacity expansion in the coming years, as the demand for glycine is likely to rise from a variety of applications in the coming years.

Glycine is an essential amino acid and has the lowest molecular weight among all amino acids. It has applications in maintaining healthy functioning of the digestive and nervous system and is naturally found in protein-rich products such as milk, cheese, meat, and fish. Glycine also has therapeutic applications against cystic fibrosis, benign prostatic hyperplasia, epileptic seizures, and some inherited mental disorders. Due to its sweet taste, glycine is also used as a flavorant in various beverages.

The growing demand for nutritional supplements containing glycine is the major driver for the global glycine market. The nutritional supplements industry has come into its own in recent own due to the growing health awareness among consumers. Rising awareness about nutritional supplements has also led to a growing demand from the nutritional supplements market over the last few years. Growing awareness about the importance of amino acids is also likely to be a major driver for the global glycine market over the forecast period. Rising prevalence of lifestyle diseases and the growing awareness about the role of amino acids in maintaining healthy functioning of bodily systems is likely to drive the global glycine market over the forecast period. The rising demand for artificial and natural beverages containing glycine as a flavorant is also a major driver for the global glycine market over the forecast period.

Segmentation:

The global glycine market is segmented on the basis of grade, end use, and region.

By grade, the global glycine market is segmented into food grade, pharmaceutical grade, and technical grade.

By end use, the global glycine market is segmented into food and beverages, pharmaceuticals, cosmetics and personal care products, agrochemicals, and others. The pharmaceuticals segment holds the largest share in the global glycine market, accounting for 39% of the market in 2018. The growing demand for amino acid supplements is likely to be the major driver for the pharmaceutical segment of the glycine market over the forecast period. Food and beverages, cosmetics, and agrochemicals also hold significant shares in the global glycine market and are likely to remain key contributors to the global glycine market over the forecast period.

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Regional Analysis:

Asia Pacific holds the largest share in the global glycine market and is likely to remain in the leading position over the forecast period due to the growing demand for glycine in various end use applications. The growing pharmaceuticals industry in Asia Pacific is likely to be a major driver for the Asia Pacific market for glycine over the forecast period. The growing demand for artificial flavors for food and beverages in Asia Pacific is also likely to be a major driver for the glycine market in Asia Pacific.

 

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