The Global Glycinates Market size is expected to reach USD 1,951.7 Million in 2030 and register a revenue CAGR of 5.9% over the forecast period, according to the latest report by Reports and Data. Rising consciousness regarding the importance of maintaining a healthy lifestyle and consuming nutritional foods is driving market revenue growth.
Glycinates which are an ester or salt of glycine are expected to register an increased demand owing to growing consumer awareness of health issues and the significance of consuming nutritive food products. For animals, this amino acid is important and small molecules, molecules of low molecular weight, along with glycine complexes are unaffected by the digestive system of animals. Different types of glycinate, such as calcium and magnesium-based byproducts, have various health advantages. More consumers are drawn in by the ingredient's partially soluble nature and ease of mixing with milk, water, and other feed ingredients in dry formulations impacting revenue growth of the market.
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Some Key Highlights From the Report
- On 16 June 2022, to promote the food supplement market and people's health and fitness, Solaray announced the launch of its new brand campaign, "Food Is Not Enough". This campaign is expected to increase demand for magnesium glycinate which is further expected to drive revenue growth in this age of food scarcity, limited availability of nutrient-dense meals, and poor individual nutrition.
- Magnesium glycinate segment accounted for the largest revenue share in 2021. It is popular among the working population since it treats depression, insomnia, and anxiety owing to its relaxing qualities. These tablets can treat the tendency for low blood magnesium levels. According to studies, magnesium deficiency affects almost 50% of the U.S. population. An increase in the number of people with these deficits across the globe is expected to drive revenue growth of the segment.
- Dry segment accounted for the largest revenue share in 2021. Glycinate in dry form has a number of advantages, such as ease of use and cheaper prices, which is increasing demand for this form in various health beverages and nutritional food supplements. Different liquids readily absorb the dry form of glycinate. As it has increased shelf life, this form is also used in several pharmaceutical goods and food additives. The dry form is therefore expected to contribute to an increase in revenue growth.
Some of the Leading Market Players Are Listed Below:
- BASF SE,
- Solvay,
- Ajinomoto Co., Inc.,
- Clariant, Pancosma,
- Dunstan Horse Feeds,
- Innospec,
- Jost Chemical Co.,
- Wilhelm Schaumann GmbH
- Other
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
By Type Outlook
- Magnesium Glycinate
- Zinc Glycinate
- Calcium Glycinate
- Copper Glycinate
- Others
By Form Outlook
- Dry
- Liquid
By Application Outlook
- Pharmaceutical/Nutraceutical
- Food Additives
- Feed Additives
- Personal Care Products
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Glycinates market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Glycinates market.
The global Glycinates market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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