Glycine Market Worldwide Insights, Competitor Analysis, Business Opportunities, Forthcoming Developments & Future Investments 2019 to 2025

13/dic/2019 07:07:13 Tejas Amale Contatta l'autore

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Market Research Future Published in the Research Study on Glycine Market Research Report, Size, Share and Industry Analysis - Forecast to 2023

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.

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Competitive Analysis

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

Market Segmentation

The global glycine market is segmented into grade, application, and region.

On the basis of the grade, the market is classified as food grade, pharmaceutical grade, and technical grade glycine. Among these, the food grade glycine is the largest segment due to a healthy demand from the ever-increasing foods & beverages industry. It has been projected that the global processed food market may grow at a significant rate due to increasing global demand for ready-to-cook food and fast food products. Moreover, the emergence of the new food-related concepts such as “freedom food”, “rush-hour foods,” and others with the changing socio-economic scenario is anticipated to propel the growth of the food grade segment during the forecast period.

Based on the application, the global glycine market is categorized into food & beverages, cosmetics and personal care, pharmaceuticals, chemical intermediate, and others. The foods and beverages are the most dominant application of glycine owing to the rising demand for the protein-rich food. The global population is poised to mark over 8 trillion people by the end of 2021 and shrinking agricultural land due to loss of fertility has necessitated the highest production of animal products and increase the nutritional value of vegetarian food. This is likely to favor the growth of this segment during the years to follow. 

Browse Key Industry insights spread across 140 pages with 33 market data tables & 12 figures and charts from the Report,  “Glycine Market by Grade (food grade, pharmaceutical grade, and technical grade), by the Application (food & beverages, cosmetics & personal care, pharmaceuticals, chemical intermediate, and others), and by Region till 2023 ”  in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/glycine-market-5207

Regional Analysis

There are five major regions in which the global 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. The US 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 demand for animal feed additives. However, during the forecast period, this region is likely to witness stagnant growth two to sluggish demand from the foods and beverages industry.

The Asia Pacific is growing at the highest rate in the forecast period. This model is also a growing population in this region. India, Japan, and China are the leading markets in this region. North America is holding the second largest share of the market. Europe is following North America in terms of market size, with Germany, the UK, and France holding a considerable share of the market. The Middle East & Africa is a swiftly growing market where growth is driven by the demand for foods and beverages. Latin America is anticipated to witness a rise in the regional market two to the pacifying political and reviving economic situation.

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