Press release
Glycine Market to reach USD 979.97 Bn by 2029, emerging at a CAGR of 4.1 percent and forecast 2023-2029
Glycine Market
The global glycine market is set to experience a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period, reaching an estimated market value of nearly US$ 979.97 million by 2029, according to the latest comprehensive report on the subject.
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Glycine Market Research Methodology:
The report provides in-depth analysis and insights into the glycine market, encompassing regional market trends and competitive landscapes. Furthermore, it offers a thorough examination of the revenue impact of the COVID-19 pandemic on market leaders, followers, and disruptors.
What are Glycine Market Dynamics:
The global glycine market is driven by multiple factors, including its increasing utilization in agrochemicals, its role as a flavor enhancer in the food and beverage industry, and growing demand in dietary supplements. Additionally, the pharmaceutical industry's need for glycine in new drug manufacturing and the rising global meat consumption driving demand for animal feed are set to fuel market growth.
However, excessive consumption of glycine may lead to side effects like nausea, mild dizziness, and mild wheezing, posing a restraint on market growth. Volatility in raw material prices and stringent environmental regulations may also hinder global market expansion. On the upside, the increasing adoption of glycine in personal care products, such as antiperspirants and cosmetics, is expected to create growth opportunities.
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Glycine Market Regional Insights:
Asia Pacific: This region held the dominant market share in 2022, driven by the presence of highly populated countries. The growth of the food industry, increasing demand in end-use sectors like pharmaceuticals and food & beverage, and the demand for agrochemicals in large agricultural lands are key factors fueling market growth. Emerging economies like China, India, South Korea, and other South-East Asian countries are contributing significantly to regional market expansion.
North America: The second-largest market share in 2022 and expected to reach US$ xx million by the end of 2029 with a notable CAGR. This growth is attributed to the adoption of glycine in developed pharmaceutical industries. Countries like the US and Canada are major contributors to regional growth due to high demand for packaged food and meat products and the presence of key players.
Europe: Expected to grow at a CAGR of xx% during the forecast period, primarily driven by the broad utilization of glycine in medical and cosmetic applications. Leading contributors to regional market growth include the UK, Germany, France, and Switzerland.
What is Glycine Market Segmentation:
by Grade
1. Pharma Grade
2. Food Grade
3. Tech Grade
by Dosage Form
1. Solid
2. Liquid
by Application
1. Dietary Supplements Industry
2. Pharmaceuticals Industry
3. Cosmetics Industry
4.Feed Industry
5. Food Industry
6. Pesticides Industry
7. Others
by Distribution Channel
1. Retail Store
2. E-commerce
3. Others
Due to the increasing e-commerce industry's use of non-cash payment methods globally, which is increasing the transaction application, in the market, the transaction sector is anticipated to have the bigger market size throughout the forecast period.
Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) are the two categories according to processing type. OLAP systems are anticipated to experience the fastest CAGR growth among them all during the projection period. OLAP systems are frequently used for corporate process management, sales management, forecasting, and corporate Intelligence (BI). Organisations' struggles with massive data are aided by in-memory OLAP solutions.
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Who are Glycine Market Key Players:
1. Shijiazhuang Donghua Jinlong Chemical
2. Hebei Donghua Jiheng Chemical
3. Hubei Xingfa Chemicals Group
4. Zhenxing Chemical
5. Newtrend Group
6. Henan HDF Chemical
7. Ajinomoto Health & Nutrition North America, Inc.
8. YUKI GOSEI KOGYO CO., LTD
9. Showa Denko KK
10. GEO Specialty Chemicals, Inc.
11. Chattem Chemicals, Inc.
12. Paras Intermediates
13. Evonik Industries AG
14. Avid Organics
15. Kumar Industries
16. Linxi Hongtai
17. AMINO GmbH
18. Advance Chemical Sales Corporation
19. Triveni Chemicals
20. Aditya Chemicals
Table of content for the Glycine Market includes:
Global Glycine Market: Research Methodology
Global Glycine Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Glycine Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Zinc Glycine Chelate [https://www.youtube.com/shorts/3WwKbp7kQtQ?feature=share]
1Indicator Chemical nameZinc glycine [https://www.sustarfeed.com/zinc-glycine-chelate-glycine-zinc-complex-compound-white-crystalline-powder-animal-feed-additive-product/] chelate
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