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Glycinates Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Magnesium Glycinate, Zinc Glycinate, Calcium Glycinate, Copper Glycinate, Others), By Application (Pharmaceutical/Nutraceutical, Food Additives, Feed Additives, Personal Care Products, Others), By Region and Competition, 2019-2029F

May 2024 | 185 pages | ID: GAF2962A6D42EN
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Global Glycinates Market was valued at USD 1.18 billion in 2023 and is anticipated t%li%project steady growth in the forecast period with a CAGR of 4.72% through 2029. Glycinates, als%li%known as glycine chelates, are a type of element compound known for their high availability, electrical neutrality, and stability. These fine granulated and dust-free compounds are easily soluble in water, boasting excellent compatibility with the skin and foaming properties. Their accurate composition has garnered recognition across various industries for their versatility and effectiveness. The glycinates market is witnessing substantial growth, primarily fueled by the rising demand for nutritive food products on a global scale. Companies are increasingly focusing on the development and commercialization of manganese glycinate, a compound known for effectively addressing consumer deficiencies and promoting awareness about precision nutrition techniques. The prevalence of mineral deficiencies due t%li%unbalanced lifestyles, coupled with the growing demand for supplements and preventive healthcare products, serves as a significant driver for market expansion.

Factors such as rapid urbanization, evolving consumer lifestyles, a burgeoning population, rising disposable income levels, and the expansion of the feed and personal care industries all contribute positively t%li%the growth of the glycinates market. Continuous advancements in production processes and the development of enhanced products present lucrative opportunities for market players in the forecast period, further fueling market growth and innovation.

Despite the promising outlook, the glycinates market faces certain challenges. High costs associated with research and development activities, along with fluctuations in raw material prices, are expected t%li%hinder market growth t%li%some extent. The lack of awareness, particularly in developing and underdeveloped countries, poses a challenge t%li%market expansion. Concerted efforts by industry players t%li%address these challenges, coupled with strategic investments in research and development, can help overcome these obstacles and unlock the full potential of the glycinates market. The glycinates market presents a promising landscape for stakeholders, characterized by robust growth prospects and opportunities for innovation. As the demand for nutritive food products and preventive healthcare solutions continues t%li%rise, glycinates are poised t%li%play an increasingly vital role in meeting consumer needs and driving market expansion. With a focus on addressing challenges and capitalizing on emerging trends, the glycinates market is well-positioned for sustained growth in the foreseeable future.

Key Market Drivers

Growing Demand of Glycinates in Pharmaceutical Industry

Glycinates play a vital role in various pharmaceutical applications. These compounds are widely recognized for their exceptional bioavailability and non-toxic properties, making them highly sought after as active ingredients in drugs. Glycinates have the remarkable ability t%li%enhance the absorption of essential minerals, making them an indispensable element in dietary supplements. In recent years, there has been a significant surge in the demand for glycinates within the pharmaceutical industry. This can be attributed t%li%several factors, including the increasing prevalence of lifestyle diseases, a rise in health consciousness among consumers, and the growing geriatric population. As these trends continue, the demand for glycinates is expected t%li%rise, consequently fueling the growth of the global glycinates market.

Pharmaceutical companies are increasingly turning t%li%glycinates as a means t%li%improve the efficacy of their products. By incorporating glycinates int%li%the formulation of drugs and dietary supplements, these companies can enhance the effectiveness of their offerings, thereby appealing t%li%a broader consumer base. The growing demand for glycinates in the pharmaceutical sector has resulted in a notable increase in production and sales of these compounds worldwide, driving the overall market growth. Looking ahead, the demand for glycinates in the pharmaceutical industry shows n%li%signs of slowing down. Ongoing research int%li%the potential health benefits of glycinates, coupled with the continuous rise in lifestyle diseases, is expected t%li%further drive the use of these compounds in pharmaceuticals.

Growing Demand of Glycinates in Cosmetic Industry

Glycinates, highly regarded for their exceptional skin compatibility and gentle nature, play a vital role in formulating a wide range of cosmetic products. These versatile compounds serve as surfactants, conditioners, and emulsifiers in popular personal care items such as shampoos, body washes, and facial cleansers. Due t%li%their remarkable ability t%li%enhance mineral absorption, they are als%li%incorporated int%li%skincare products t%li%effectively deliver essential nutrients and promote overall skin health. The growing consciousness among consumers regarding the ingredients used in their cosmetic products, coupled with the increasing demand for natural and safe alternatives, has significantly fueled the popularity of glycinates in the cosmetics industry. The global market for glycinates has experienced a remarkable surge in demand, attributed t%li%the rising number of cosmetic manufacturers incorporating these compounds int%li%their product lines.

Cosmetic brands are keenly leveraging the beneficial properties of glycinates t%li%enhance their product offerings, align with evolving consumer preferences, and cater t%li%the ever-changing market landscape. This strategic approach has resulted in a notable increase in production and sales of glycinates worldwide, thereby driving substantial growth in the overall market. Looking ahead, the demand for glycinates in the cosmetic industry is expected t%li%remain robust. Ongoing research continues t%li%explore the potential benefits of glycinates, uncovering new applications and expanding the scope of their utilization in cosmetics. The persisting trend of consumers gravitating towards natural and safe cosmetic products further supports the continued growth of glycinates in the sector.

Key Market Challenges

Volatility in Price of Raw Materials

Glycinates, derived from glycine, an essential amin%li%acid, are synthesized from various raw materials such as ammonia, methanol, and acetic acid. The production cost of glycinates is directly influenced by the prices of these raw materials, which can experience fluctuations. These fluctuations, in turn, can have a significant impact on the overall cost of producing glycinates, affecting the profit margins of manufacturers. The glycinates market faces challenges due t%li%global events, including geopolitical tensions, trade policies, environmental regulations, and natural disasters. These events can cause sudden spikes or drops in raw material prices, making it difficult for manufacturers t%li%forecast costs and manage budgets effectively. This unpredictability presents a significant obstacle for the glycinates market.

The volatility in raw material prices has a ripple effect on the glycinates market. When the costs of raw materials increase, manufacturers often have t%li%pass on the added expenses t%li%consumers through higher product prices. This can lead t%li%reduced demand for glycinates, slowing down the growth of the market. Frequent changes in raw material prices can disrupt supply chains, resulting in production delays. These disruptions can hinder manufacturers' ability t%li%meet delivery deadlines, impacting their relationships with clients and potentially affecting their market position.

Key Market Trends

Growing Preference for Chelated Minerals in Animal Feed

Chelated minerals, als%li%known as organic trace minerals (OTMs), play a crucial role in animal nutrition. These compounds consist of minerals bound t%li%amin%li%acids or proteins, such as glycine, resulting in a stable structure that can be easily absorbed by animals. By enhancing the bioavailability of essential nutrients, chelated minerals contribute t%li%improved animal health and productivity. In the realm of animal feed, glycinates have emerged as a prominent form of chelated minerals. They are highly sought after due t%li%their exceptional absorption rates and non-toxic nature. The utilization of glycinates in animal feed has been found t%li%promote better growth rates, enhance reproductive performance, and maintain overall health in livestock.

The increasing preference for chelated minerals, particularly glycinates, in animal feed has had a significant impact on the global glycinates market. As more livestock farmers and feed manufacturers recognize the numerous benefits of these essential nutrients, the demand for glycinates continues t%li%rise. Consequently, the global glycinates market is poised for further growth in the coming years. Manufacturers capable of meeting the animal feed industry's demand for high-quality glycinates stand t%li%benefit greatly from this upward trend. With ongoing advancements in research and technology, the potential for innovation and expansion in the glycinates market is immense, making it an exciting and promising sector within the animal nutrition industry.

Segmental Insights

Type Insights

Based on the type, the calcium glycinate segment emerged as the fastest growing segment in the global market for glycinates in 2023. An increasing amount of calcium shortages that might lead t%li%osteoporosis are being treated with calcium glycinate monohydrate. This form of calcium supplement has shown promising results in addressing the rising prevalence of musculoskeletal problems and degenerative bone diseases. In fact, according t%li%the World Health Organization (WHO), these conditions are estimated t%li%affect nearly 1.7 billion people worldwide, making them a significant global health concern. Calcium glycinate is not only gaining popularity as a treatment for celiac disease patients, but als%li%for individuals wh%li%need t%li%manage their blood pressure and muscle spasms. Its potential benefits in managing these health conditions have sparked interest and further research in the medical community.

As awareness grows regarding the importance of maintaining optimal calcium levels for overall health and well-being, the demand for calcium glycinate products is expected t%li%rise. This versatile supplement offers a promising solution for individuals seeking effective ways t%li%address calcium deficiencies and related health issues.

Application Insights

The food additives segment is projected t%li%experience rapid growth during the forecast period. The growing demand from consumers for nutritious and functional food items has significantly fueled the market for glycinates in the food and beverage sector. Glycinates, including calcium, zinc, or magnesium glycinate, are commonly used in the formulation of dietary supplements. These supplements provide a convenient way for customers t%li%incorporate essential minerals int%li%their diets, thereby enhancing their overall health and well-being.

By supplementing their nutritional intake with glycinates, individuals can ensure they are obtaining the necessary minerals t%li%support their body's various functions, from bone health t%li%immune system function. Incorporating glycinates int%li%their dietary routine empowers individuals t%li%take control of their health and make informed choices when it comes t%li%their overall well-being.

Regional Insights

Asia Pacific emerged as the dominant region in the Global Glycinates Market in 2023, holding the largest market share in terms of value. The Asia Pacific region, characterized by its large and rapidly growing population, is witnessing a rise in the middle class. With their increasing demand for high-quality food, beverages, and pharmaceuticals, there is a parallel surge in the demand for glycinates. These versatile compounds find application as food additives, nutraceuticals, and pharmaceutical ingredients, catering t%li%the evolving preferences of consumers in the region.

Key Market Players
    • Ajinomot%li%Co., Inc.
  • Albion Laboratories Limited
  • BASF SE
  • Clariant International Ltd
  • Dunstan Thomas Group Ltd
  • Galaxy Surfactants Limited
  • Novotech Inc
  • Solvay SA
    • Shijiazhuang Donghua Jinlong Chemical C%li%Ltd
    • H. Wilhelm Schaumann GmbH & C%li%KG
Report Scope:

In this report, the Global Glycinates Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
  • Glycinates Market, By Type:
  • Magnesium Glycinate
  • Zinc Glycinate
  • Calcium Glycinate
  • Copper Glycinate
  • Others
  • Glycinates Market, By Application:
  • Pharmaceutical/Nutraceutical
  • Food Additives
  • Feed Additives
  • Personal Care Products
  • Others
  • Glycinates Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Glycinates Market.

Available Customizations:

Global Glycinates Market report with the given market data, Tech Sci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:

Company Information
    • Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. IMPACT OF COVID-19 ON GLOBAL GLYCINATES MARKET

5. GLOBAL GLYCINATES MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type (Magnesium Glycinate, Zinc Glycinate, Calcium Glycinate, Copper Glycinate, Others)
  5.2.2. By Application (Pharmaceutical/Nutraceutical, Food Additives, Feed Additives, Personal Care Products, Others)
  5.2.3. By Region
  5.2.4. By Company (2023)
5.3. Market Map

6. ASIA PACIFIC GLYCINATES MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By Application
  6.2.3. By Country
6.3. Asia Pacific: Country Analysis
  6.3.1. China Glycinates Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Type
      6.3.1.2.2. By Application
  6.3.2. India Glycinates Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Type
      6.3.2.2.2. By Application
  6.3.3. Australia Glycinates Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Type
      6.3.3.2.2. By Application
  6.3.4. Japan Glycinates Market Outlook
    6.3.4.1. Market Size & Forecast
      6.3.4.1.1. By Value
    6.3.4.2. Market Share & Forecast
      6.3.4.2.1. By Type
      6.3.4.2.2. By Application
  6.3.5. South Korea Glycinates Market Outlook
    6.3.5.1. Market Size & Forecast
      6.3.5.1.1. By Value
    6.3.5.2. Market Share & Forecast
      6.3.5.2.1. By Type
      6.3.5.2.2. By Application

7. EUROPE GLYCINATES MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Application
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. France Glycinates Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Application
  7.3.2. Germany Glycinates Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Application
  7.3.3. Spain Glycinates Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Application
  7.3.4. Italy Glycinates Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Type
      7.3.4.2.2. By Application
  7.3.5. United Kingdom Glycinates Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Type
      7.3.5.2.2. By Application

8. NORTH AMERICA GLYCINATES MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Application
  8.2.3. By Country
8.3. North America: Country Analysis
  8.3.1. United States Glycinates Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Application
  8.3.2. Mexico Glycinates Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Application
  8.3.3. Canada Glycinates Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Application

9. SOUTH AMERICA GLYCINATES MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Application
  9.2.3. By Country
9.3. South America: Country Analysis
  9.3.1. Brazil Glycinates Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Type
      9.3.1.2.2. By Application
  9.3.2. Argentina Glycinates Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Application
  9.3.3. Colombia Glycinates Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Application

10. MIDDLE EAST AND AFRICA GLYCINATES MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Application
  10.2.3. By Country
10.3. MEA: Country Analysis
  10.3.1. South Africa Glycinates Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Application
  10.3.2. Saudi Arabia Glycinates Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Application
  10.3.3. UAE Glycinates Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Application

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions

13. GLOBAL GLYCINATES MARKET: SWOT ANALYSIS

14. PORTER’S FIVE FORCES ANALYSIS

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product

15. PESTLE ANALYSIS

16. COMPETITIVE LANDSCAPE

16.1. Ajinomoto Co., Inc.
  16.1.1. Business Overview
  16.1.2. Company Snapshot
  16.1.3. Products & Services
  16.1.4. Financials (As Reported)
  16.1.5. Recent Developments
16.2. Albion Laboratories Limited
16.3. BASF SE
16.4. Clariant International Ltd
16.5. Dunstan Thomas Group Ltd
16.6. Galaxy Surfactants Limited
16.7. Novotech Inc
16.8. Solvay SA
16.9. Shijiazhuang Donghua Jinlong Chemical Co Ltd
16.10. H. Wilhelm Schaumann GmbH & Co KG

17. STRATEGIC RECOMMENDATIONS

18. ABOUT US & DISCLAIMER



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