Glycinates Market: Analysis of Growth, Trends and Forecasts by 2023 with a CAGR of 5.2%

Global Industry Analysis

The global glycinates market is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period of 2015-2023. Glycinates are organic compounds that are derived from the amino acid glycine, and they are used in a variety of applications, including food and beverage, personal care, and pharmaceuticals.

Factors driving the growth of the glycinates market include the increasing demand for dietary supplements and the rising awareness about the benefits of chelated minerals. The demand for functional foods is also expected to boost the market growth. Moreover, the rising consumer preference for organic and natural products is expected to drive the demand for glycinates.

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Protein Digestion - Minerals Glycinate, Zinc Glycinate, Manganese Glycinate, Magnesium Glycinate, Copper Glycinate, Calcium Glycinate, Boron Glycinate, Cobalt Glycinate, Selenium Glycinate, Chromium Glycinate, Iodine Glycinate, and Molybdenum Glycinate are just a few examples

Some of the main properties of glycinates that can be used as feed additives include improved growth and feed conversion, improved low-fat meat, and enhanced muscle and tissue growth and fertility.

Consuming selenium glycinate might increase vitamin E levels in the body. Selenium deficiency may lead to white muscle disease. Chromium glycinate is a mineral used to increase growth rate and immune response in stressed cattle. Molybdenum Glycinate is a nutritional animal feed supplement used to treat molybdenum deficiency in animals. Glycinates are sometimes used in wine production because they not only contain yeast, but also provide the needed nutrients.

Glycinate provides micronutrients to animals, and due to its high bioavailability, the environment benefits from less excreted micronutrients. Moreover, some of their properties including high fluidity, miscibility, and water solubility drive the glycinate market. Plus, they're odorless and easy to use because the particles don't kick up dust.

Glycinate is gaining popularity due to its high potency. It is used in various cosmetic products due to their ability to improve the mildness and sensory properties of body washes, thereby increasing the demand for glycinate salts. Other properties such as relatively higher micronutrient availability and higher crop yield compared to common synthetic chelates are driving the growth of the glycinate market.

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However, current legislation reduces the use of inorganic minerals in nutritional requirements, thereby restraining the growth of this market. Furthermore, most of the metal glycinates sold in the market are not in their original form but are mixtures of metal glycine sulfates with high concentrations of SO4.

Europe leads the global glycinate market in terms of production and has developed its own line of high purity and stable metal bisglycinate, a type of glycinate. Asia Pacific leads the glycinate market, followed by Europe owing to rising per capita income and population in countries such as India and China. Increasing use of glycinate in cosmetics has increased its demand in Europe and North America.

Some of the key players operating in the glycinate market include BASF SE, Shanghai Greenland Chemical Co., Ltd., Pinnacle Bioceuticals LLP and Glenmark Generics, Ltd., PerfectIn PTFE Solution CO., LTD., China Skyrun Industrial CO., LTD., Guangzhou Quan Tong Chemical Co., Ltd. and BALAJIAMINES, LTD.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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