Glycine Market

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Glycine MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Glycine MARKET 2020
Glycine Market 2020 Industry Survey, Growth,
CompetitiveLandscape and Forecasts to 2023
Glycine or Gly is the proteinogenic amino acid
that has a single hydrogen atom attached to a
side chain. It is an achiral type of amino acid
that is fit for both hydrophilic and hydrophobic
environments, which helps its applicability in
food products and as a chemical intermediate.
Glycine occurs naturally in higher eukaryotes and
is a principal precursor to protein. The major
applications of glycine can be found as an
additive or supplementation in the food products.
As per the medical research, this product has
been found to support healthy functioning of
kidney, liver, and other vital organs in humans.
Additionally, glycine is significantly used in
wide range of applications such as an additive in
animal feed and pet food as a sweetener/taste
enhancer, or as a component of food supplements
and also in protein drinks. Moreover, the
cosmetics and pharmaceuticals industries are the
major end users of glycine. Increasing per capita
income, shifting consumer patterns, and changing
the lifestyle of the people, especially, in
emerging economies, are the protuberant factors
driving the growth of the global glycine market.
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Glycine MARKET 2020
Market Segmentation The global glycine
market is segmented into grade, application, and
region. On the basis of the grade, the market is
classified as food grade, pharmaceutical grade,
and technical grade glycine. Among these, the
food grade glycine is the largest segment due to
a healthy demand from the ever-increasing foods
beverages industry. It has been projected that
the global processed food market may grow at a
significant rate due to increasing global demand
for ready-to-cook food and fast food products.
Moreover, the emergence of the new food-related
concepts such as freedom food, rush-hour
foods, and others with the changing
socio-economic scenario is anticipated to propel
the growth of the food grade segment during the
forecast period. Based on the application, the
global glycine market is categorized into food
beverages, cosmetics personal care,
pharmaceuticals, chemical intermediate, and
others. The foods beverages are the most
dominant application of glycine owing to the
rising demand for the protein-rich food. The
rapidly increasing global population is poised to
mark over 8 trillion people by the end of 2021
and shrinking agricultural land due to loss of
fertility has necessitated the maximum production
of animal products and increase the nutritional
value of vegetarian food. This is likely to favor
the growth of this segment during the years to
follow. Enquiry of the Report
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Glycine MARKET 2020
Regional Analysis
There are five major regions in which the global
glycine market is divided into the Asia Pacific,
Europe, North America, the Middle East Africa,
and Latin America. North America is the largest
region in this market, in terms of size. It
accounted for a quarter share of the market, as
of 2016. The U.S. is anticipated to hold the
largest share of this market owing to higher meat
consumption and sizeable livestock production,
which leads to a rise in the demand for animal
feed additives. However, during the forecast
period, this region is likely to witness a
stagnant growth due to sluggish demand from the
foods beverages industry. The Asia Pacific is
growing at the highest rate among the other
regions in this market and is anticipated to
retain its growth rate during the forecast
period. This is attributed to the shifting
consumer patterns, upgrading lifestyle, enhanced
spending ability, and rapidly increasing
population in this region. India, Japan, and
China are the leading markets in this region.
North America is holding the second major share
of the market. Europe is following North America
in terms of market size, with Germany, the U.K,
and France holding a considerable share of the
market. The Middle East Africa is a swiftly
growing market where the growth is driven by the
demand for foods beverages. Latin America is
anticipated to witness a rise in the regional
market due to the pacifying political and
reviving economic situation.
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Glycine MARKET 2020
Application Major Players in this Research
Glycine Market Prominent Players Key players in
the global polyurethane catalyst market are
Chattem Chemicals, Inc. (U.S.), GEO Specialty
Chemicals, Inc. (U.S.), Evonik Industries AG
(Germany), Triveni Chemicals (India), Ajinomoto
North America, Inc. (U.S.), AMINO GmbH (Germany),
Advance Chemical Sales Corporation (India), among
others.
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