Glycinates Market Overview
The glycinates market is projected to grow USD 1.3 billion with a CAGR of 5.4% during the forecast period (2023 - 2030).
Glycinates are designed synthetic substances with a high amino acid content and a good foaming ability. Glycine chelates are another name for them. With supplement inadequacy of zinc, copper, manganese, magnesium, calcium, sodium, and other essential supplements in agricultural countries, there is an increased interest in useful food sources and refreshments items; this has increased interest in glycinates in the food varieties and drinks industry. Furthermore, increased consumption of meat and meat products has necessitated the development of enhanced and nutritious feed products, which has had a significant impact on the growth of the glycinates market.
Furthermore, growing interest in glycinates for uses other than food and feed is propelling the industry forward. Additionally, improvements in creative interaction and advancement of further developed products from key market participants are expected to promote the growth of the global glycinates market throughout the forecast period. Glycinates are popular among customers because of their precise composition, medical benefits, and appropriateness. Glycinates are used in farming and agriculture to care for chickens and dairy cows and provide important vitamins for their growth.
Key Players
The major in the Glycinates key Market players are Ajinomoto Co., Inc. (Japan), Clariant AG (Switzerland), Solvay SA (Belgium), BASF SE (Germany), NovoTech Nutraceuticals Inc. (U.S.), Dunstan Nutrition Ltd. (New Zealand), Shijiazhuang DonghuaJinlong Chemical Co. Ltd. (China), Schaumann GmbH and Co. KG. (Germany), Aliphos Belgium SA/NV (Belgium), and Albion Laboratories, Inc. (U.S.).
Market Segmentation
Based on the kind, the global Glycinates Market has been segmented into zinc, copper, manganese, magnesium, calcium, sodium, and others.
Based on the structure, the global Glycinates Market has been segmented into fluid, powder, and others.
Based on the application, the global Glycinates Market has been segmented into food sources, drinks, nutraceuticals, creature feed, and others.
Based on the salt types, the global Glycinates Market has been segmented into magnesium, zinc, calcium, manganese, copper, boron, cobalt, sodium, selenium, chromium, iodine, molybdenum, and others.
Based on the types, the global Glycinates Market has been segmented into dry and fluid.
Based on the region, the global Glycinates Market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Regional Classification
North America is the market leader in glycinates, followed by Europe. In the North American region, the United States is seeing an increase in demand for glycinates in animal feed and dietary supplements. Furthermore, increased demand for meat and meat products in the United Kingdom, Germany, and France is assisting the market's growth. Because North America is one of the main markets for feed production, the region consumes a huge amount of glycinates. As a result, glycinates for feed applications are in high demand in the region.
The Asia Pacific region is the fastest-growing market for glycinates, owing to the rising demand for glycinates as an additive in food, beverages, and animal feed in India and China's developing economies. Glycinates are in high demand in the Asia Pacific region, thanks to the rising demand for animal products in emerging countries. The growing need for fortified food agents is projected to drive the glycinates market in the region even higher.
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