Glycine Market 2028 by Types, Application, Technology, Opportunities, End Users and Regions | The Insight Partners

MARKET INTRODUCTION

Glycine is an amino acid and acts as a building block for protein. Glycine is a colorless, sweet-tasting crystalline solid. Glycine at commercial scale is used as an additive in pet food and animal feed, in foods and pharmaceuticals as a sweetener/taste enhancer, or as a component of food supplements and protein drinks. Moreover, it is one of three amino acids that the human body uses to make glutathione which is a type of antioxidant component that helps to protect the cells against oxidative damage caused by free radicals.

MARKET DYNAMICS

The global glycine market is observing significant growth owing to increasing usage in personal care products and products for animal consumption. Rising meat consumption in North America and Europe coupled with high livestock production that leads to an increase in the demand for animal feed additives. This leads to massive demand for glycine in the feed industry over the forecasted years. Primary emphasis by the key players on R&D initiatives to enhance product innovation and development along with expanding glycine market in Asia Pacific region is estimated to drive the industry demand. However, volatility in raw material supply and changing weather conditions are the factors restraining the growth of the market.

MARKET SCOPE

The "Global Glycine Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glycine market with detailed market segmentation by grade, application, and geography. The global glycine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glycine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global glycine market is segmented on the basis of grade and application. On the basis of grade, the glycine market is segmented into food grade, pharmaceutical grade and technical grade. The glycine market on the basis of the application is classified into food & beverages, cosmetics & personal care, pharmaceuticals and chemical intermediate and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glycine market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glycine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the glycine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glycine in these regions.

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MARKET PLAYERS

The reports cover key developments in the glycine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glycinemarket are anticipated to lucrative growth opportunities in the future with the rising demand for glycine in the global market. Below mentioned is the list of few companies engaged in the glycine market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glycine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Ajinomoto North America, Inc.
• AMINO GmbH
• Chattem Chemicals, Inc.
• Evonik Industries AG
• GEO Specialty Chemicals, Inc.
• Nantong Guangrong Chemical Co., Ltd.
• Premium Ingredient Co., Ltd
• Prinova Group LLC.
• SHOWA DENKO K.K.
• YUKI GOSEI KOGYO CO.,LTD.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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