The global glycine market is expanding primarily as a result of the food industry’s consistent rise in glycine demand. By the end of 2029, glycine consumption will have increased at a moderate CAGR over the years 2019 to 2029. Glycine consumption will reach the mark of US$ 1 Bn by 2029 end. According to recent research from Persistence Market Research (PMR), the demand for meat and meat products would continue to rise.
Persistence Market Research (PMR) recently published a study report on the global glycine market. The report provides detailed valuation on key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the glycine market structure. This market research report presents exclusive facts and figures about how the glycine market will grow over the forecast period.
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Glycine is an amino acid which is found in the body and is also used in the food industry. Glycine can be found in high concentrations in bone broth. It has many benefits, including promoting a healthy sleep cycle, reducing inflammation, and helping with weight loss There is a growing market for glycine supplements as people become more aware of its benefits.
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the glycine market over the forecast period.
The study is relevant for stakeholders in the glycine market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the glycine market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the glycine market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the glycine market. The study also offers actionable insights based on the future trends in the glycine market. Furthermore, regional players and new entrants in the glycine market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Players-
- Evonik Industries AG
- Yuki Gosei Kogyo Co., Ltd.
- BASF SE
- Sumitomo Chemical Co., Ltd.
- Cargill Incorporated
- Hubei Xingfa Chemicals Group Co. Ltd.
- Showa Denko KK
- Ajinomoto Health & Nutrition North America, Inc.
- CPS Performance Materials
- Shijiazhuang Donghua Jinlong Chemical Co., Ltd.
- Chattem Chemicals, Inc.
- AMINO GmbH and more
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Key Takeaways – Global Glycine Market
- Food- & feed-grade glycine has low-chloride level, and offers exceptional purity, in line with requirements of food products such as food supplements and energy drinks, making it the most lucrative segment amongst grade types. Feed-grade glycine is used as a protein and amino acid additive in animal and pet feeds.
- Demand for food- & feed-grade glycine is also anticipated to be driven by growing meat consumption, especially in North America, where around 60% of all protein consumed is through animal meat. This high demand for glycine in North America is anticipated to create sizeable opportunities for exporters, especially from China and India where the production of glycine is high.
- The U.S. has imposed anti-dumping duties on the import of glycine from China. To avoid these anti-dumping rates, many producers and traders based in China are exporting their products to the U.S., routed through Cambodia and Canada.
- Growing demand for glyphosate is creating immense opportunities for manufacturers of tech-grade glycine, which is used as feedstock. In China, 90% of glycine is used in the production of herbicide glyphosate.
- Increasing applications of glycine in the pharmaceuticals industry are estimated to push market growth. Glycine is used as a component of amino acid mixtures for oral and parenteral use.
As manufacturers are focusing on production capacity expansions, it is expected that the average prices for glycine will be lower than that seen in the last few years. This will play a key role in driving demand for the product in foreseeable future.
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Glycine Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the glycine market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the glycine market study, which comprise of the facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the glycine market to make PMR’s projection on growth prospects of the glycine market more accurate and reliable.
Key Questions Answered in Glycine Market Report –
Who are the Major Manufacturers and Suppliers of Glycine?
What will the Glycine Market growth rate in Future?
What are the key factors driving the global Glycine Market?
Who are the key manufacturers in Glycine Market space?
What are the opportunities and threats faced by the vendors in the global Glycine industry?
What are sales, revenue, and price analysis by regions of Glycine industry?
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