Glycine Market Consumption will Reach the Mark of US$ 1 Bn by 2031 end

Glycine Market 2022-2031

Steady growth in demand for glycine within the food industry is primarily contribute towards the growth of global glycine market. Witnessing a moderate CAGR over 2022 - 2031, glycine consumption will reach the mark of US$ 1 Bn by 2031 end. As per the findings of a new study published by Persistence Market research (PMR), increasing demand for meat and meat products will also remain

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Besides, glycine continues to find extensive application in dietary supplements. It acts as a chemical building block in variety of industrial, technical, and synthetic applications such as pesticides and herbicides, which would remain among the key boosters to the growth of glycine market during the following years.

Key Players:

The report has profiled some of the important players prevalent in the global like - Industries AG, Hubei Xingfa Chemicals Group Co. Ltd., and Sumitomo Chemical Co., Ltd and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Glycine Market.                             

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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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Glycine Market Manufacturers 
Glycine Market Distributors/Traders/Wholesalers 
Glycine Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Glycine Market - Report Highlights

A detailed overview of parent market of Glycine Market
Changing Glycine Market dynamics in the industry
In-depth segmentation of the Glycine Market
Historical, current, and projected Glycine Market size regarding volume and value
Recent industry trends and developments in Glycine Market
Competitive landscape of the Glycine Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Glycine Market performance
Must-have information for Glycine Market players to sustain and enhance their market footprint                                             

Key Questions Answered in the Glycine Market Report

How is the Glycine Market expected to grow over the projected period?

What direction is the Glycine Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Glycine Market in future?

What are the key market drivers in the Glycine Market?

What are significant opportunities and improvement areas for Glycine Market manufacturers?

What are the key developments and trends taking over the Glycine Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Glycine Market?  

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This release was published on openPR.