Global Glycinates Market Insights Forecasts to 2033

• The Global Glycinates Market Size was Valued at USD 1.10 Billion in 2023
• The Market Size is Growing at a CAGR of 5.95% from 2023 to 2033
• The Worldwide Glycinates Market Size is Expected to Reach USD 1.96 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Glycinates Market Size is Anticipated to Exceed USD 1.96 Billion by 2033, Growing at a CAGR of 5.95% from 2023 to 2033.   

Market Overview

Glycinates, also known as glycine chelates, are a type of element compound for their high availability, electrical neutrality, and stability. Glycinate and trace components have been used to treat and prevent low magnesium and calcium levels in the blood. Glycinate also helps repair connective tissues and the formation of red blood cells. This is important in various systems, including protein synthesis, metabolic activities, and health immunology, driving the demand for multiple glycinates. The primary factor driving growth in market is the prevalence of mineral shortages based on imbalanced lifestyles, which is combined with the rising need for supplements and preventative healthcare products. The necessity to consume nutrient-dense food products and rising health consciousness will be driving the growth of the glycinates market. The glycinates market is expected to be driven by the rising demand for glycinates in personal care and cosmetic products.    

Report Coverage

This research report categorizes the glycinates market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the glycinates market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the glycinates market.   

Driving Factors

The pharmaceutical industry's increasing need for glycinates has led to a significant increase in these compounds' production and sales, which has driven growth in the glycinates market. The increasing number of cases of mineral deficiencies together with businesses concentrating on producing and marketing manganese glycinate, which can cure the deficiency in consumers, will likely drive growth in the glycinates market. The market for glycinates is positively growing due to several causes, including fast urbanization, changing consumer lifestyles, population growth, rising levels of disposable income, and the growth of the feed and personal care industries.     

 Restraining Factors

The production of glycinates necessitates complex manufacturing techniques and specialized equipment, which can improve manufacturing costs. Glycinates are highly expensive compared to other mineral forms due to these costs, which can restrict the growth in the glycinates market.

Market Segmentation

The glycinates market share is classified into type, form, and application.  

• The calcium glycinate segment is estimated to hold the largest market revenue share through the projected 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 estimated to hold the largest market revenue share through the projected period. The growing popularity is calcium glycinate monohydrate, which is being used in increasing quantities to treat calcium deficiency conditions that can result in osteoporosis.    

• The liquid segment is estimated to hold the largest market revenue share through the projected period.

Based on the form, the glycinates market is classified into dry and liquid. Among these, the liquid segment is estimated to hold the largest market revenue share through the projected period. In producing processed foods and dietary supplements, liquid glycinate is frequently used as an ingredient. It is also used in the formulation of various pharmaceuticals and personal hygiene products.    

• The animal feed segment is anticipated to hold the largest market share through the forecast period.

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 largest market share through the forecast period. The demand for premium animal feed products is being driven by the glycinates increasing consumption of meat products. Glycinates are widely used in animal feed as chelating agents to better bind and absorb minerals including iron and zinc.  

Regional Segment Analysis of the Glycinates Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the glycinates market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the glycinates market over the predicted timeframe. Asia Pacific is growing in use in the field of personal care. The need for excellent formulations and personal care products will increase due to increased disposable incomes and consumers' growing preference for high-end beauty and cosmetics products in this region. In addition, the rising demand for animal products and substances generated from animals in regions like Australia, Japan, and China will help boost the manufacturing of glycinates. 

North America is expected to grow at the fastest CAGR growth of the glycinates market during the forecast period. The North America region's need for glycinates is being driven by expanding chicken production, which is being pushed by the rising consumption of poultry meat for high protein intake. Glycinates remain in greater demand in the North America region due to the growing desire for premium meat products.      

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the glycinates market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2022, Avitech Nutrition launched Performins, a line of organic glycinates, onto the market. The most common use of them has been observed in animal feeds that serve as enhancers for animal feeds.  

• In January 2022, global startup OHMG stated it had launched the first-ever mix drink containing magnesium. This beverage has three types of glycinates added to it to assist in lowering anxiety and stress levels magnesium glycinate, magnesium citrate, and magnesium threonate.  

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