Global Glycinates Market - 2022-2029

Global Glycinates Market - 2022-2029

Market Overview

Glycinates market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 5.5% during the forecast period (2022-2029).

Glycinate is an alpha-amino-acid anion that is the conjugate base of glycine, occurring from deprotonation of the carboxyl group. These are organically bound trace elements used as animal feed supplements due to their higher bioavailability. It is also an amino acid-based surfactant that provides mild, effective cleansing. It is used for various applications owing to its medicinal properties. It is used as an animal feed additive to enhance the yield & quality of feed, which in turn ensures improved animal health & performance. Increasing government initiatives to provide financial support to livestock breeders is anticipated to boost the glycinates market during the forecast period.

Market Dynamics:

Demand for glycinates is high among consumers associated with various health benefits and effectiveness

The glycinates demand is high among consumers due to their accurate composition, health benefits, and effectiveness. Several types of glycinates formed after different chemical treatments, such as protein digest-mineral glycinate, copper glycinate, iron glycinate, manganese glycinate, zinc glycinate, etc. The glycinate particles offer a consistent content of complexed trace elements and exhibit excellent flow properties. The primary magnesium glycinate is in high demand among consumers due to its health properties. Magnesium is a mineral that’s important to the health of the brain, heart, and skeletal muscles. Magnesium glycinate is the magnesium salt of glycine, an amino acid. It is the supplement most often taken to increase magnesium levels in the body. Magnesium is crucial to cellular function. Magnesium supplements have several benefits, including decreased severity of asthma attacks and mental health regulation. These health properties are anticipated demand for the glycinates market during the forecast period.

However, the high cost of research and development incurred to develop new formulations and compounds that deter organizations from innovating and diversifying is expected to limit market growth over the forecast period. In addition, fluctuating prices of raw materials are expected to hamper the market's growth to a certain period.

Market Segmentation:

Calcium glycinate for the highest share in global glycinates market.

In 2021, the calcium glycinate segment had the highest revenue share of more than XX percent. Calcium glycinate is used for osteoporosis, mineral supplement and other conditions. Calcium glycinate is used for the treatment, control, prevention, & improvement. It is witnessing high demand among elderly consumers as it strengthens bones & teeth and enhances overall health. It helps to maintain & build a strong skeletal structure and plays a vital role in cell-signaling pathways as a messenger throughout the body. The deficiency of calcium causes hazardous health effects. Thus, increasing the incidence of calcium deficiency should boost the demand for calcium tablets. In addition, calcium glycinate is also a cosmetic agent in many formulations for skin moistening. This factor is increasing the demand for cosmetics & personal care applications. It should propel the glycinates market share during the forecast period.

In 2021, The liquid form segment had the highest revenue share of more than XX percent. This segment is highly used in cosmetics & personal care products such as shower gel, shampoo, and hand wash. Thus, the rising demand for glycinate-based moisturizers and lotions is expected to increase the demand for liquid glycinates. Liquid glycinates are also used in food & beverages to improve the final product's texture. However, liquid glycinates have shorter shelf life than the dry form.

Geographical Penetration:

North America is the dominating region during the forecast period.

In 2021, North America had the highest revenue share of almost XX percent. The rising demand for functional food & beverages to boost consumers' overall health is propelling the region's glycinates market value. The region is owing to the increasing investments in research and development for product innovations in the industrial livestock business. Due to high domestic meat consumption, Canada and the U.S. are the major bases for beef production in North America. Significant regulatory pressure regarding food safety and animal welfare should boost feed additives demand in the region. Poultry is one of the major livestock sectors consuming animal feeds in the region owing to rising poultry meat consumption for high protein intake. Thus, the presence of a large number of players coupled with strong support by the government for the livestock industry is estimated to propel the glycinates market expansion.

Europe leads the global glycinates market in production, and it has developed its range of highly-pure and consistent metal bis-glycinate, a type of glycinates. Europe also already has a growing demand for veganism/vegetarianism, creating more demand growth in the glycinate market.

Competitive Landscape:

The global glycinates industry is competitive and comprises players such as Solvay S.A., BASF SE, Aditya Chemicals, Pancosma SA, Dunstan nutrition, Clariant AG, Innospec Inc., Pharmavit, Jost Chemical Co, and Aliphos among others. The glycinates market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities for new product innovation and consumers' preference for the new products are also expected to propel market growth. For example, Jost Chemical Co. launched 100% Pure Magnesium Glycinate in December 2018. Magnesium glycinate is just one of their high-purity magnesium salts. The salts are lot-to-lot consistent and have extremely low levels of lead, arsenic, cadmium, and mercury. Their products are fully reacted, consistent from lot to lot and meet all customer requirements.

COVID-19 Impact:

Positive impact on the global glycinates market

During the phase of the pandemic, a severe disruption had observed in the glycinate food market. These disruptions have posed a serious threat to the nutritional status of the individuals. Such changes have forced consumers to become more aware of their health and dietary options, increasing the demand for glycinate-rich products globally. In addition, the consumption of glycinate supplements has been observed to be largely effective in post-COVID period recovery, creating more awareness about the glycinate market.

The global glycinates market report would provide an access to approximately 61 market data tables, 55 figures and 170 pages