The global pharma-grade glycine market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Glycine is an amino acid that is one of the protein-building blocks in the human body. It assists in tissue maintenance as well as the regulation of enzymes and hormones in the body. The molecule can be found in protein-rich meals and comes in a variety of grades, including technical, food, and pharmaceutical. It’s a potent antioxidant that aids the body’s response to oxidative stress. Glycine aids in the formation of creatine, a substance that has been found to supply energy to muscles. The amino acid complex protects the liver and kidneys against the effects of alcohol. In addition, it protects the heart and increases the quality of sleep. The increasing adoption of glycine in the pharmaceutical industry, owing to increased demand for pharmaceuticals and its use in kidney therapies, is propelling the global pharma-grade glycine market. Further owing to its use in the treatment of schizophrenia when combined with other traditional drugs, pharma grade glycine is in high demand.
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The market is segmented into two categories based on product types, such as chloroacetic acid amide solution and biosynthesis. The biosynthesis segment is expected to hold a greater market share and is predicted to continue to grow at a steady rate during the forecast period. The attributable factor for the growth of the segment is that biosynthesis is one of the most common methods for producing pharmaceutical-grade glycine. Furthermore, the biopharmaceutical industry’s rapid growth is favorably influencing the growth of this market sector. The use of chloroacetic acid amide solution preparation is getting a lot of traction, and this market segment is expected to increase rapidly in the coming years.
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Market Coverage
Segment Covered-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Evonik Industries AG, and GEO Specialty Chemicals, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pharma Grade Glycine Market Report by Segment
By Product
- Chloroacetic Acid Amide Solution
- Biosynthesis
By Application
- Hospitals
- Labs
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