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Glycinates Market worth $2.25 billion by 2030, growing at a CAGR of 5.58% - Exclusive Report by 360iResearch
Glycinates Market | 360iResearch
The Global Glycinates Market to grow from USD 1.53 billion in 2023 to USD 2.25 billion by 2030, at a CAGR of 5.58%.
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Glycinates, commonly known as glycine chelates, are produced through a chelation process that involves the bonding of glycine, an amino acid, with metal ions. The glycinates market comprises the production and sale of glycinates, a chelated mineral often used as an additive in nutritional and pharmaceutical applications. Rising health consciousness among consumers, the increasing demand for mineral-enriched dietary supplements, and the growing application of glycinates in the animal feed sector foster market growth. Fluctuating raw material prices, availability of substitute products, and adverse effects associated with glycinates can limit market development. Innovations in new glycinate-based formulations will likely present new possibilities for market expansion. In addition, emerging applications of glycinate-looping processes for biogas upgrading are expected to create growth opportunities in the market.
The United States is among the major consumers of glycinates due to its advanced agricultural technology and substantial feed industry, which extensively uses glycinates as additives. The presence of leading personal care and pharmaceutical companies also contributes to significant glycinates demand for improved product formulations. Across South America, the prominent livestock population and large agriculture sector provide considerable opportunities for the use of glycinates. The Asia-Pacific (APAC) is witnessing rapid growth in the glycinates market, with China and India being the major contributors. The expansion is attributed to rising meat consumption, growing health consciousness, and the burgeoning personal care industry in the region. Additionally, the region's large agricultural sector provides ample opportunities for glycinate application in enhancing crop yields and soil health. European countries have stringent regulations regarding feed additives and personal care ingredients, which has led to the adoption of high-quality glycinates. The presence of well-established healthcare systems and growing consumer awareness about health and nutrition aid the European market's expansion. The Middle Eastern and African markets are still developing, with the potential influenced by economic diversification efforts and the increasing availability of personal care products.
Market Segmentation & Coverage:
This research report categorizes the Glycinates Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Form, market is studied across Dry and Liquid. The Liquid is projected to witness significant market share during forecast period.
Based on Type, market is studied across Calcium Glycinate, Copper Glycinate, Magnesium Glycinate, Manganese Glycinate, Sodium Glycinate, and Zinc Glycinate. The Manganese Glycinate is projected to witness significant market share during forecast period.
Based on Application, market is studied across Feed Additives, Food Additives, Personal Care Products, and Pharmaceuticals & Nutraceuticals. The Feed Additives is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 35.83% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Glycinates Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Glycinates Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Glycinates Market, highlighting leading vendors and their innovative profiles. These include A B Enterprises, Aditya Chemicals, Ajinomoto Co., Inc., Balchem Inc., BASF SE, Chaitanya Biologicals Pvt. Ltd, Clariant AG, Colonial Chemical Inc., Galaxy Surfactants Limited, Innospec, JH Biotech Inc., Jost Chemical Co., Novotech Nutraceuticals, Inc., Pat Impex Private Limited, PHARMAVIT ApS, Shijiazhuang Donghua Jinlong Chemical Industry Co., Ltd., Sino Lion USA, Solvay S.A., Suchem Industries, Surface Chemical Industry Co. Ltd., and UNO VETCHEM.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Glycinates Market, by Form
7. Glycinates Market, by Type
8. Glycinates Market, by Application
9. Americas Glycinates Market
10. Asia-Pacific Glycinates Market
11. Europe, Middle East & Africa Glycinates Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Glycinates Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Glycinates Market?
3. What is the competitive strategic window for opportunities in the Glycinates Market?
4. What are the technology trends and regulatory frameworks in the Glycinates Market?
5. What is the market share of the leading vendors in the Glycinates Market?
6. What modes and strategic moves are considered suitable for entering the Glycinates Market?
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