World Glycinates Market to Register Growth at 5.89% CAGR through 2022, Expects M&M in Its New Research Study Recently Added at MarketPublishers.com
05 Jan 2018 • by Natalie Aster
LONDON – In 2017, the value of the world’s glycinates market crossed the USD 927.19 million mark. Furthermore, it is poised to continue increasing at a 5.89% CAGR through to 2022 to go beyond USD 1.234 billion.
Some of the key factors triggering growth in the world’s glycinates market comprise, amidst others, expanding adoption of restrictions on the usage of antibiotics in livestock feed, rising deficiency of minerals amid people (especially in the developing countries), escalating demand for organic minerals, increasing consumption in the supplements and preventive healthcare products, elevating demand for chelated minerals in food additives.
However, the glycinates market growth could be considerably restrained by high R&D costs and also a fact that glycinates are viewed as premium products.
On the basis of types, the magnesium glycinate sector is set to rise at the fastest pace between 2017 and 2022, majorly due to rising consumption in the dietary supplements industry.
On the basis of applications, the feed additives sector is likely to see the highest CAGR over 2017-2022, driven primarily by the enhancing awareness of manufacturers about animal feed.
Amid regional markets, North America takes lead in the world’s market for glycinates; furthermore, this regional market is expected to grow at the highest rate through to 2022, propelled by such factors as high awareness about food and dietary supplements, presence of the major players in the US, and strong demand for glycinates from the feed industry.
The new research study “Glycinates Market by Type, Form, and Application, and Region - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) offers a close look at the current scenario in the world’s market for glycinates as well as uncovers reliable data on the market performance, prevailing trends and dynamics on various geographical levels. Besides, it presents access to valuable data on the glycinates market size, shape, value and volume, segments and their shares, growth rates. This study highlights the key factors responsible for the market growth, delves into the competitive landscape, gives info on the leading companies active in the glycinates market as well as touches upon the emerging growth opportunities and barriers. Moreover, this report includes future forecasts of the possible development of the glycinates market between 2017 and 2022.
Many other in-demand research reports by this company are provided in the M&M online catalogue at MarketPublishers.com.