Global Glycinates Market Size To Worth USD 1.96 Billion By 2033 | CAGR of 5.95%
Category: Food & BeveragesGlobal Glycinates Market Size To Worth USD 1.96 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Glycinates Market Size is Expected to Grow from USD 1.10 Billion in 2023 to USD 1.96 Billion by 2033, at a CAGR of 5.95% during the forecast period 2023-2033.
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Browse key industry insights spread across 249 pages with 110 Market data tables and figures & charts from the report on the "Global Glycinates Market Size, Share, and COVID-19 Impact Analysis, By Type (Magnesium Glycinate, Zinc Glycinate, Calcium Glycinate, Copper Glycinate, Manganese Glycinate, and Sodium Glycinate), By Form (Dry and Liquid), By Application (Animal Feed, Pharmaceutical/Nutraceutical, Food & Beverage, and Cosmetics & Personal Care), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/glycinates-market
Glycinates, or chelated minerals, are created when the amino acid glycine is bonded to several different minerals, such as magnesium, zinc, copper, manganese, and others. These chelated minerals are widely used as dietary supplements or as additives in food and drink. Due to the body absorbs the glycinates so easily, they can be used more efficiently. The market is growing as a result of the booming swine, ruminant, poultry, aquatic, and other animal feed industries. The usage of glycinates in pharmaceuticals is anticipated to increase as a result of ongoing research into the possible health advantages of these compounds as well as the ongoing rise in lifestyle disorders. The consumers will have access to profitable opportunities as a result of ongoing improvements in production methods and the creation of improved products, which will drive growth in glycinates market. The growing demand for glycinates in cosmetic and personal care products is one of the main reasons driving the growth of glycinates market. However, increased expenses related to research and development as well as price swings for raw materials are expected to restrict the growth in the glycinates market.
The calcium glycinate segment is predicted to hold the greatest market share through the forecast period.
Based on the type, the glycinates market is classified into magnesium glycinate, zinc glycinate, calcium glycinate, copper glycinate, manganese glycinate, and sodium glycinate. Among these, the calcium glycinate segment is predicted to hold the greatest market share through the forecast period. Calcium glycinate is becoming growing increasingly well-liked as a treatment for people with blood pressure problems and muscular spasms in addition to patients with celiac disease.
The liquid segment is predicted to hold the greatest market share through the forecast period.
Based on the form, the glycinates market is classified into dry and liquid. Among these, the liquid segment is predicted to hold the greatest market share through the forecast period. The usage of liquid glycinate as a flavoring agent in some foods and beverages is being driven by the increasing production of processed products, particularly in industrialized and developing countries.
The animal feed segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the glycinates market is divided into animal feed, pharmaceutical/nutraceutical, food & beverage, and cosmetics & personal care. Among these, the animal feed segment is anticipated to hold the greatest market share during the projected timeframe. A number of the factors driving the glycinates market is the increase in the volume of dairy products produced using glycinates in animal feed.
Asia Pacific is estimated to hold the largest share of the glycinates market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the glycinates market over the forecast period. The demand for glycinates is developing in Asia Pacific's emerging nations, including China, India, and Japan, as the result of rising disposable incomes and increased knowledge of the health benefits.
North America is predicted to have the highest CAGR growth in the glycinates market over the forecast period. The increased need for nutritional supplements and foodstuffs enriched with nutrients, this region, which often comprises the United States and Canada, represents an important market for glycinates.
Major key players in the glycinates market include Avitech Nutrition, OHMG, BASF, Ajinomoto Co. Inc., Novo Tech Nutraceuticals Inc., Aditya Chemicals, Solvay, Dunstan Nutrition, Clariant, Pancosma SA, Pharmavit, Jost Chemical Co., UNO VETCHEM, Innospec, and Others.
Recent Developments
- In July 2022, a range of organic glycinates called Performins was launched into the market by Avitech Nutrition. Their application as feed enhancers for animals is the most widespread.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the glycinates market based on the below-mentioned segments:
Global Glycinates Market, By Type
- Magnesium Glycinate
- Zinc glycinate
- Calcium glycinate
- Copper glycinate
- Manganese glycinate
- Sodium glycinate
Global Glycinates Market, By Form
- Dry
- Liquid
Global Glycinates Market, By Application
- Animal feed
- Pharmaceutical/nutraceutical
- Food & beverage
- Cosmetics & personal care
Global Glycinates Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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