Glycinates Market to Demonstrate a Strong Growth Over 2027 – MRFR
Market Overview:
Increasing demand for dietary supplements and nutritive food & feed
is one of the major factors contributing to the growth of the global glycinates
market share. Additionally, the increasing demand for functional food &
beverage and high-performance feed products has surged the demand for
glycinates at a global level. Glycinates are serving as an important additive
in most of the food, beverage, supplements, and animal feed products.
Availability of glycinates in various forms has influenced the demand from
various industries apart from food & feed industry.
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Market Forecast:
The global glycinates market share share in the foods & feed
industry is intensifying by the growing demand for functional food & feed
additives in the developed & developing countries. Glycinates are found to
have wide application in food & feed, amongst which the application in the
production of functional food & beverages is increasing at a higher rate.
Increasing prevalence of deficiency diseases among the growing population is
found to be a key factor responsible for the growth of glycinates market share.
Furthermore, improved processing methods and demand for nutritive food
products in the developing countries are positively supporting the growth of
the global glycinates market share. Additionally, restriction on the use of
antibiotics in food & feed formulations in the North American &
European region is adding fuel to the market growth. However, fluctuating
prices of raw material and high cost incurred on the industrial setup may
hamper the growth of the market. Nevertheless, all these factors are projected
to contribute to the estimated CAGR of 5.5% of the glycinates market share
during the forecast period 2017-2023.
Downstream analysis:
The global glycinates market share is segmented
into type, form, and application.
On the basis of the type, it is segmented into zinc, copper, manganese,
magnesium, calcium, sodium, and others. Among all, the magnesium glycinate
segment is dominating the market.
On the basis of the form, it is segmented into liquid, powder, and
others. Among all, the powder segment holds the major market share due to its
wide range product applicability including food, beverages, feed, supplements,
and others.
On the basis of the application, it is segmented into foods, beverages,
nutraceuticals, animal feed, and others. Among all, the feed segment is
dominating the market.
Competitive analysis
The major players in the glycinates market share
- Ajinomoto Co.,
Inc. (Japan)
- Clariant AG
(Switzerland)
- Solvay SA
(Belgium)
- BASF SE (Germany)
- NovoTech
Nutraceuticals Inc. (U.S.)
- Dunstan Nutrition
Ltd. (New Zealand)
- Shijiazhuang
Donghua Jinlong Chemical Co Ltd. (China)
- Schaumann GmbH
& Co. KG. (Germany)
- Aliphos Belgium
SA/NV (Belgium)
- Albion
Laboratories, Inc. (U.S.)
Regional Analysis:
The global glycinates market share is segmented into North America,
Europe, Asia Pacific, and rest of the world (RoW). The North American region is
dominating the glycinates market share followed by Europe. Increased demand for
feed & food additives in the developed countries such as the U.S., the U.K,
Germany and France has uplifted the glycinates market share. Furthermore, the
major key players are continuously involved in R&D activities to come up
with new & enhanced products for wide range applicability.
Moreover, increasing demand for glycinates in foods, beverages, and
dietary supplements is supporting the growth of glycinates market share in
countries including India & China of the Asia Pacific region.
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and wherever required we will be considering Covid19 Footprints for Better
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