Glycine Market Comprehensive Research Study 2019 | Size, Share, Emerging Trend, Global Analysis, Key Players Review and Regional Growth by 2023

Glycine Market Comprehensive Research Study 2019 | Size, Share, Emerging Trend, Global Analysis, Key Players Review and Regional Growth by 2023

Growing demand for the glycine from the major end users is the primary factor driving the growth of the market
Glycine Market is projected to Grow significant CAGR From 2019 to 2023, Global Glycine Market Size, Share and Industry segmented by Grade, Application, Region

Glycine Market   – Competitive Landscape

Highly competitive, the glycine market appears to be fragmented due to the presence of numerous companies. Constant technological advancements generate strong investment opportunities in the market. Manufacturers strive to commercialize novel techniques that can lower the production cost.

They also try to attain expertise in developing techniques, managing supply chains and in-depth domain knowledge in many advanced materials in addition to the current strategic initiatives such as partnership, acquisition, and expansion of manufacturing facilities to gain a competitive advantage in the market.

Major Players:

Key players leading the global glycine market include GEO Specialty Chemicals, Inc. (U.S.), Chattem Chemicals, Inc. (U.S.), Evonik Industries AG (Germany), Ajinomoto North America, Inc. (U.S.), Triveni Chemicals (India), AMINO GmbH (Germany), and Advance Chemical Sales Corporation (India) among others.

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Glycine or Gly is the proteinogenic amino acid that has a single hydrogen atom attached to a side chain. It is an achiral type of amino acid that is fit for both hydrophilic and hydrophobic environments, which helps its applicability in food products and as a chemical intermediate. Glycine occurs naturally in higher eukaryotes and is a principal precursor to protein. The major applications of glycine can be found as an additive or supplementation in the food products.  As per the medical research, this product has been found to support healthy functioning of kidney, liver, and other vital organs in humans. Additionally, glycine is significantly used in wide range of applications such as an additive in animal feed and pet food as a sweetener/taste enhancer, or as a component of food supplements and also in protein drinks. Moreover, the cosmetics and pharmaceuticals industries are the major end users of glycine. Increasing per capita income, shifting consumer patterns, and changing the lifestyle of the people, especially, in emerging economies, are the protuberant factors driving the growth of the global glycine market.

Glycine Market   – Segments

For enhanced understanding, the market has been segmented into three key dynamics: –

By Grade                               : Food Grade, Pharmaceutical Grade, and Technical Grade among others.

By the Application    : Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, and Chemical Intermediate among others.

By Regions                             : North America, Asia Pacific, Europe, and the Rest-of-the-World.

Regional Analysis

There are five major regions in which the global glycine market is divided into the Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. North America is the largest region in this market, in terms of size. It accounted for a quarter share of the market, as of 2016. The U.S. is anticipated to hold the largest share of this market owing to higher meat consumption and sizeable livestock production, which leads to a rise in the demand for animal feed additives. However, during the forecast period, this region is likely to witness a stagnant growth due to sluggish demand from the foods & beverages industry.

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The Asia Pacific is growing at the highest rate among the other regions in this market and is anticipated to retain its growth rate during the forecast period. This is attributed to the shifting consumer patterns, upgrading lifestyle, enhanced spending ability, and rapidly increasing population in this region. India, Japan, and China are the leading markets in this region. North America is holding the second major share of the market. Europe is following North America in terms of market size, with Germany, the U.K, and France holding a considerable share of the market. The Middle East & Africa is a swiftly growing market where the growth is driven by the demand for foods & beverages. Latin America is anticipated to witness a rise in the regional market due to the pacifying political and reviving economic situation.

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