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Glycinates Market Report 2023-2032: Market Size, Trends, Analysis And Industry Overview | BASF SE, Solvay, Ajinomoto, Clariant AG, Albion Laboratories
Glycinates Market
The Business Research Company's Glycinates Global Market Report 2023 identifies demands for nutritional supplements as the major driver for the Glycinates market's growth in the forecast period. Nutritional supplements refer to products meant to enhance the diet. Dietary supplements can be any vitamin, mineral, herbal remedy, or other ingestible preparation added to the diet to promote health.
The global glycinates market size is expected to grow from $1.15 billion in 2022 to $1.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.73%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global glycinates market size is expected to reach $1.57 billion in 2027 at a CAGR of 6.43%.
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Major competitors in the Glycinates market are BASF SE, Solvay, Ajinomoto, Clariant AG, Albion Laboratories.
A key trend in the Glycinates market includes Product innovation. Companies operating in the glycinates market are adopting innovative products to sustain their position in the market. For instance, in July 2020, Avitech Nutrition, an India-based manufacturer, importer, and supplier of animal nutrition products and animal feed supplements, launched Performins range of organic trace mineral glycinates blend. Performins are created for improved bioavailability, absorption, and animal performance and have a specific 4S advantage of size, specificity, solubility, and stability.
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The Glycinates market is segmented -
1. By Type: Magnesium Glycinate, Calcium Glycinate, Zinc Glycinate, Iron Glycinate, Copper Glycinate, Manganese Glycinate, Sodium Glycinate
2. By Structure: Fluid, Powder, Other structures
3. By Application: Food Source, Drinks, Nutraceuticals, Creature Feed, Other Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Glycinates market.
The Business Research Company's "Global Glycinates Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Glycinates Market Include:
1. Executive Summary
2. Glycinates Market Characteristics
3. Glycinates Market Trends And Strategies
4. Glycinates Market - Macro Economic Scenario
5. Glycinates Market Size And Growth
……
26. Africa Glycinates Market
27. Glycinates Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glycinates Market
29. Glycinates Market Future Outlook and Potential Analysis
30. Appendix
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