According to a research report published by Spherical Insights & Consulting, the Global Glycinates Market Size Expected to Grow from USD 1.10 Billion in 2023 to USD 1.96 Billion by 2033, at a CAGR of 5.95% during the forecast period 2023-2033.

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Glycinates, commonly referred to as glycine chelates, are some extremely available, electrically neutral, and stable elemental compounds from them. Glycinate and its trace compounds have been extensively used for the treatment and prevention of low blood magnesium and calcium levels. It is also important in the repair of connective tissues and the formation of red blood cells. This activity is critical in many systems: protein synthesis, metabolic activities, and health immunology, which propel the demand for multiple glycinates. Growing demand for glycinates in the pharmaceuticals sector has resulted in a substantial increase in the volume of production and sale of these compounds, which has had its legacies in the growth of the glycinates market. Increased instances of mineral deficiencies, along with companies focusing on capitalizing from producing and marketing manganese glycinate that can cure such deficiencies in consumers, are expected to propel growth in the glycinates market. High growth is observed in the glycinates market owing to the advantageous position of the aforementioned factors, including rapid urbanization, changing consumer lifestyles, population growth and rise in disposable income. However, the very making of glycinates requires complex technology and dedicated equipment, which are very likely to escalate production costs. Among the myriad factors making glycinates very expensive as compared to other mineral forms is the above reason, which might inhibit growth in the glycinates market.

Browse key industry insights spread across 249 pages with 110 Market data tables and figures & charts from the report on the Global Glycinates Market Size, Share, and COVID-19 Impact Analysis, By Type (Magnesium Glycinate, Zinc Glycinate, Calcium Glycinate, Copper Glycinate, Manganese Glycinate and Sodium Glycinate), By Form (Dry and Liquid), By Application (Animal Feed, Pharmaceutical/Nutraceutical, Food & Beverage, and Cosmetics & Personal Care), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The calcium glycinate segment is projected to hold the largest market revenue share through the projected period.

Based on the type, the glycinates market is classified into magnesium glycinate, zinc glycinate, calcium glycinate, copper glycinate, manganese glycinate, and sodium glycinate. Among these, the calcium glycinate segment is projected to hold the largest market revenue share through the projected period.  The growth is attributed to calcium glycinate monohydrate becoming increasingly popular in treating conditions that may lead to osteoporosis due to calcium deficiency.

The liquid segment is estimated to hold the largest market revenue share through the projected period.

Based on the form, the glycinates market is classified into dry and liquid. Among these, the liquid segment is estimated to hold the largest market revenue share through the projected period. The segmental growth is due to Liquid glycinate is mostly utilized as an ingredient in the production of processed foods and dietary supplements. It is also used in the formulation of several drugs and personal hygiene products.

The animal feed segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the glycinates market is divided into animal feed, pharmaceuticals/nutraceuticals, food & beverage, and cosmetics & personal care. Among these, the animal feed segment is anticipated to hold the largest market share through the forecast period. The growth is due to the increasing consumption of meat products, which is expected to be driving demand for premium animal feed products. Glycinates are widely used in animal feed as chelating agents to improve the absorption of minerals, including iron and zinc.

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Asia Pacific is projected to hold the largest share of the global glycinates market over the forecast period.

Asia Pacific is projected to hold the largest share of the global glycinates market over the forecast period. There will be a significant increase in the Asia Pacific region in terms of personal care. The hike in disposable incomes and the inclination of consumers towards premium beauty and cosmetics products will drive the demand for optimized formulations and personal care products. Furthermore, the increasing demand for animal products and animal-derived substances in regions like Australia, Japan, and China will complement the growth of glycinates manufacturing.

North America is expected to grow at the fastest pace of the global glycinates market during the forecast period. The North American region has a driving demand for glycinates, which is caused by the increasing production of chicken poultry for meat consumption as an important source of high protein intake. The demand for glycinates in the North American region is still increasing as people develop a desire for premium meat products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the glycinates market   along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global glycinates market are Avitech Nutrition, OHMG, BASF, Ajinomoto Co. Inc., Novo Tech Nutraceuticals Inc., Aditya Chemicals, Solvay, Dunstan Nutrition, Clariant, Pancosma SA, Pharmavit, Jost Chemical Co., UNO VETCHEM, Innospec, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In July 2022, a range of organic glycinates called Performins was introduced to the market by Avitech Nutrition. They are most frequently used in animal meals that act as enhancers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global glycinates market based on the below-mentioned segments:

Global Glycinates Market, By Type

• Magnesium Glycinate
• Zinc Glycinate
• Calcium Glycinate
• Copper Glycinate
• Manganese Glycinate
• Sodium Glycinate

Global Glycinates Market, By Form

• Dry
• Liquid

Global Glycinates Market, By Application

• Animal Feed
• Pharmaceutical/Nutraceuticals
• Food & Beverages
• Cosmetics & Personal care

Global Glycinates Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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