Glycinates Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global glycinate market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Glycinates refer to any salt or ester of glycine. The rise in the demand for cosmetics is one of the factors driving the market. For instance, According to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74.0% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China's cosmetic sector, the online sales channels accounted for 38.0% of total cosmetic sales. Therefore, an increase in the presence of market players and growing demand for cosmetics is anticipated to drive the growth of the global glycinates market during the forecast period.

Looking towards the demand of glycinates, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Jarchem Innovative Ingredients LLC had launched Aminosyl Glycinates. The Aminosyl Glycinates are mild anionic surfactants that offer rich foam and creamy lather. These glycinates are available in both liquid and powdered form suitable for hair shampoos, bath & body products, foam washers, and cleansers.

In July 2020, Avitech Nutrition had launched Performins, an organic trace mineral glycinates.Performins offer a distinct 4S advantage of size and are designed for enhanced bioavailability, absorption, and animal performance. The product has been launched in 4 variants - performins breeder, performins broiler, performins layer, and performins diary CMZ. The launch aimed to provide the animal feed industry with a comprehensive solution in the field of trace minerals. Thus, such launches are anticipated to drive the growth of the global glycinate market during the forecast period (2022-2028).

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•By Form
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- BASF SE, Clariant International Ltd, Galaxy Surfactants Ltd, and Novotech Nutraceuticals among others

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Global Glycinates Market Report by Segment
By Type
•Magnesium Glycinates
•Manganese Glycinates
•Zinc Glycinates
•Sodium Glycinates
•Copper Glycinates
•Iron Glycinates
By Application
•Animal Feed
•Pharmaceutical
•Food & Beverages
•Cosmetics & Personal Care
•Baby Care
By Form
•Dry
•Liquid

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

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This release was published on openPR.