Reports and Data's latest report predicts that the global glycinates market will reach a size of USD 1,951.7 Million by 2030, with a revenue CAGR of 5.9% during the forecast period. The market growth is primarily attributed to the increasing awareness among consumers about the importance of maintaining a healthy lifestyle and consuming nutritious foods. Glycinates, which are esters or salts of glycine, are expected to experience a surge in demand due to their potential health benefits. Animals require this amino acid, and small molecules with low molecular weight, along with glycine complexes, are not affected by their digestive systems. Different types of glycinate, such as those based on calcium and magnesium, offer various health benefits. Moreover, the ingredient's partially soluble nature and ease of mixing with milk, water, and other feed ingredients in dry formulations are expected to attract more consumers, leading to revenue growth in the market.
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Top Companies Operating in the Global Glycinates Market Report:
BASF SE, Solvay, Ajinomoto Co., Inc., Clariant, Pancosma, Dunstan Horse Feeds, Innospec, Jost Chemical Co., H. Wilhelm Schaumann GmbH, and Aditya Chemicals.
Major Driving Factors of Glycinates Market
- Growing demand for nutritional supplements: Glycinates are often used as an ingredient in nutritional supplements due to their high bioavailability and low toxicity. The increasing demand for nutritional supplements is driving the growth of the glycinates market.
- Rising awareness of health benefits: Glycinates are known to provide several health benefits, such as supporting the immune system, promoting healthy skin and hair, and improving cognitive function. As consumers become more health-conscious, they are increasingly seeking out products that contain glycinates.
- Increasing use in animal feed: Glycinates are also used as an ingredient in animal feed to promote healthy growth and development. As the demand for meat and dairy products continues to rise, the demand for glycinates in animal feed is also increasing.
- Growing demand in the food industry: Glycinates are used in the food industry as a food additive to improve texture and enhance flavor. The growing demand for processed foods is driving the growth of the glycinates market in the food industry.
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The global Glycinates market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Magnesium Glycinate
- Zinc Glycinate
- Calcium Glycinate
- Copper Glycinate
- Others
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Dry
- Liquid
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
- Pharmaceutical/Neutraceutical
- Food Additives
- Feed Additives
- Personal Care Products
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