Glycinates market is expected to grow at a CAGR of 6.5% during the forecast period. Glycinates, are byproducts, derived from any salts or esters of glycine, which are widely used in the food and beverage, healthcare, and animal feed industry, Glycinates are a good source of magnesium, copper, iron, zinc, and essential amino acids. The rising demand for quality milk products and the rising concern in the animal feed industry are some key factors contributing to the growth of the market. Glycinates are used in animal feed as an additive to improve the quality and yield. According to the World Economic Forum (WEF), around 50 billion chickens and 1.5 billion pigs are slaughtered every year across the globe. This shows the increasing consumption of meat, which increases the demand for Glycinates during the forecast period.
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The global Glycinates market is segmented based on type, application, and form. Based on the type, the market is segmented into magnesium glycinate, calcium glycinate, zinc glycinate, iron glycinate, copper glycinate, manganese glycinate, and sodium glycinate. Based on the application, the market is segmented into animal feed, pharmaceutical/nutraceutical, food & beverage, and cosmetics & personal care. Based on form the market is segmented into dry and liquid. The above-mentioned segments can be customized as per the requirements. Based on type, the calcium Glycinates segment is anticipated to hold a significant share in the global Glycinates market during the forecast period, as calcium supports maintaining and building strong skeletal structure and it also plays an important role in cell-signalling as a messenger in the whole body. The deficiency of calcium can cause many problems in the body such as blood coagulation, hormone secretion, muscle weakness, fatigue, and others. Calcium strengthens bones and teeth which enhances the overall health of the body. Therefore, it is used for the treatment and prevention of bone diseases, such as osteoporosis, which is a very common disease among elder people. According to National Osteoporosis Foundation, more than 10 million people have osteoporosis and another 45 million have a low bone density which keeps them at increased risk for osteoporosis. Around 54 million people in the US have very weak bones. Also, it is anticipated that by 2025, osteoporosis will be responsible for 3 million fractures resulting in $25.3 billion in costs. This, in turn, is resulting an increasing share of the calcium glycinate segment.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Glycinates Market by Type
- Magnesium Glycinate
- Calcium Glycinate
- Zinc Glycinate
- Iron Glycinate
- Copper Glycinate
- Manganese Glycinate
- Sodium Glycinate
Global Glycinates Market by Application
- Animal Feed
- Pharmaceutical/Nutraceutical
- Food & Beverage
- Cosmetics & Personal Care
Global Glycinates Market by Form
- Dry
- Liquid
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aditya Chemicals Pvt Ltd.
- Albion Laboratories Ltd.
- Aliphos Belgium SA
- Dunstan Nutrition Ltd.
- Galaxy Surfactants Ltd.
- Innospec Inc.
- Pancosma SA
- Schaumann GmbH & Co. KG.
- Shijiazhuang Donghua Jinlong Chemical Co Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Glycinates market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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