Glycine Market Growth by Key Players: Geo Specialty Chemicals, Dow Chemical, Evonik Industries, Royal DSM, Cargill, ADM, Showa Denko KK, Ajinomoto Inc, Prinova U.S. LLC, Yuki Gosei Kogyo Co., Ltd., Zexing Group, Guangrong Chemical and Donghua Jinlong Chem

Glycine Market size has its strong application outlook in pharmaceuticals, animal and human food along with personal care industry which will drive industry growth. Rising food demand coupled with growing population are the factors enhancing industry growth. Global meat consumption was 835.50 million tons in 2015 with a growth of over 2% from 2014. This growth is attributed to the changing food habits, standard of living and shifting consumer preference towards ready to eat food. Increasing consumption of food supplements and protein drinks has led to upsurge in global glycine market.

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Rising agriculture sector growth will have a positive impact on industry in the forecast period. High product usage as a chemical feedstock in producing herbicides and crop disinfectants to kill weeds will fuel the product demand. Glycine is used as a defensive agent for maintaining pH value and in preventing damage to the samples.

Global pharmaceutical market is valued over USD 1,000 billion in 2015. Rising demand for medicines in strokes, mental disorders, benign prostatic hyperplasia and kidney treatment will drive the product development. It also supports prevention of kidney from ill effects of drugs and alcohol.

In grade segment, food grade segment will witness significant gains in the forecast period. Rapidly increasing population, growing food industry and rising agriculture sector will propel the industry growth. Tech food grade product improves the usefulness and delivery of nutrients. High application scope in metal plating, chemical synthesis, rubber foam sponge along with mineral complexing for optimal absorption in human or animal will support the business growth.

Pharma grade segment will observe notable gains in the forecasted timeframe. Increasing demand from pharmaceutical sector will supplement the product demand. Growing concerns pertaining to human diseases along with increasing population particularly in Asia Pacific will drive the demand in this segment.

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North America glycine market is estimated to observe high growth in the forecast period. High livestock production accompanied by surging food demand will propel the U.S. glycine market size. Growing glyphosate industry driven by increasing adoption of genetically modified and herbicides tolerant crop are the major driving factors of the industry demand.

Global glycine market share is competitive with frequent mergers, acquisitions and alliances. The key industry players include Geo Specialty Chemicals, Dow Chemical, Evonik Industries, Royal DSM, Cargill, ADM, Showa Denko KK, Ajinomoto Inc and Prinova U.S. LLC. Other prominent players include Yuki Gosei Kogyo Co., Ltd., Zexing Group, Guangrong Chemical and Donghua Jinlong Chemical.

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