Glycine Market Overview
Glycine Market is projected to register a CAGR of 3.90% during the forecast period.
Glycine is categorized as a non-essential amino acid. It is a product that is naturally available in products such as meat, legumes and fish. The properties of this product are colourless and in terms of taste, it is sweet. The pharmaceutical market has higher adoption of Glycine. It is an ingredient that plays a crucial role in treating many diseases. Metabolic disorder such as schizophrenia, stroke and sleep disorders is curable by this component.
Leg ulcers and wounds are treatable through this Glycine. Some of the components in the Glycine are also known as memory boosters. Today, anxiety is a disorder that is prevalent among many individuals. Through the Glycine and developed drugs, the anxiety symptoms are manageable. As per the depression and anxiety society, the cases of anxiety among youths are surging immensely.
More than 40 million adults are suffering from this disease. As a result, the need for Glycine is constantly growing. There is a rising awareness of the Glycine in many regions. The demand from various end-users is rising for this market. Global meat consumption is another factor leading to the high growth of Glycine. It is a market with various segmentations and the Glycine is categorized by grade. The pharmaceutical grade sector can contribute to the high revenue of this market. All these factors will lead to exceptional Glycine market value.
The COVID-19 pandemic affected the global economy. There are different challenges to a variety of businesses around the world. There are state-wide lockdowns implemented by various governments resulting in market losses. Alarming supply chain disruptions, as well as trade complications, affect growth.
The pandemic is creating advantages for Glycine demand and production because of its increased demand in the pharmaceutical industry. To aid the covid 19 drugs and vaccination the Glycine is used.
There is a wide range of applications of it in the pharmaceutical sector. Glycine is being employed extensively in several research projects. Tissue damage and cytokine storm due to infections are curable by the Glycine. In the upcoming years, the need for Glycine will grow immensely. Research and development activities will flourish in the market. Also, rising demand from the end-users will create much impact on the market growth. All these factors will contribute to the overall demand of the Glycine market.
The use of Glycine in the agriculture sector will drive demand for the market. Glyph sate is a biocide material. It is made from a synthetic amino acid. Glycine is utilized as a feedstock for glyphosate synthesis. The changes in glyphosate demand directly impact the Glycine market. The increased adoption of herbicide-tolerant (HT) and genetically modified (GM) crops will enhance the demand for the market. Glyphosate from emerging economies with a strong agricultural base will reach its peak. This trend of the market will contribute to the overall expansion f the Glycine market.
The use of Glycine in the pharmaceutical sector will lead to high market demand. Glycine is an ingredient from the amino acid combination. They are widely used for oral and parenteral usage. In the pharmaceutical sector, the demand for Glycine is surging every year. Its amino acid is re-absorbing in nature. It is used for the treatment of diarrhoea and animal scours. Glycine is a versatile chemical component that is used to create pharmacologically active molecules.
The antibacterial effects of the component make it useful for many applications. Also, it can keep vitamin C ingredients stable in any form. Glycine is added to several pharmaceutical-grade products for better absorption by the stomach. They act as sweeteners, emollients, emulsifiers, solubilizing agents and stabilizers. These drivers will create exceptional supply rates for Glycine in the forecast period.
The market growth opportunities
Demand for pet foods will create promising glycine market growth opportunities. A growing trend pet adoption trend is will have a favourable impact on the market growth during the forecast period. Countries such as us are witnessing a rise in ownership of pet cats and dogs. In upcoming years, growth opportunities of the market are rising due to these reasons. The US alone will invest more than millions of money on cats and dogs supply. This will expand the overall Glycine market in the forecast period.
The rising demand for cost-effective Glycine is brought growth opportunities to the market. The need for low cost fumed silica has much demand among end-users. Further, developing regions witness surging demand for Glycine. Especially, the pharmaceutical sector is rapidly developing. The demand for drugs and new product range is high. Due to this, research and development in the market are rising. All these factors will bring promising development opportunities in the forecast period.
There are many alternatives in the glycine market that affect the demand. Glycine is a colourless and sweet component that is used in any product. They are used in animal food as well as pharmaceutics. Many products in the medical world come with the same properties such as Glycine. The alternatives and substitutes in the market pose a challenge for growth.
The surging alternatives for the market are hindering demand for Glycine. Especially, the pharmaceutical industry will be an early adopter of other subsidies in the market. Especially, substitutes with higher efficiency and cost-effectiveness are preferred by many key players.
The Glycine is a component having less awareness among many end-users. Lack of awareness of certified Glycine can cause a declining trend in the market. Less awareness among many regions can hinder expansion and market growth. In many regions, key players are taking initiatives to create more awareness for the product.
The pharmaceutical campaigns and awareness among pet food companies are increasing. Still, a lack of awareness can be a significant challenge in the forecast period. Also, the use of Glycine in some medication scans comes with potential side effects. These side effects can hinder the demand of prominent end-users.
Cumulative growth analysis
The growth trend of the glycine market trends is stable in the forecast period. The use of Glycine as an antidepressant is gaining more traction. Many drug development facilities are incorporating this ingredient in anxiety medication. These developments will benefit the overall growth of this market. Also, using this material as an emulsifier and sweeteners will create much more growth.
However, the availability of substitute products is a restraining factor of the market. Also, lack of awareness causes many challenges in the market. However, there are future growth opportunities that sustain the market growth. Increased use of Glycine in pet foods will cause a high expansion in the market.
During the projected period, Asia Pacific is expected to hold a significant amount of shares. It is a highly contributing region for the global market. China and India are densely populated countries that have rising elderly populations. An increase in the global geriatric population is anticipated to boost the demand for Glycine on a long-term basis.
An increase in the affordability of drugs in the market will positively impact the Glycine market. Further, awareness for the Glycine is constantly surging in this region. Asia Pacific market is establishing new collaborations and acquisitions with other firms. Also, research and development will lead to the effective use f Glycine in many regions.
Glycine Market By Grade
Food & Feed Grade
Food & Feed
Glycine market by application
Food & Feed Grade
Food & Feed
Glycine Market by Region
Middle East & Africa
The competition in the Glycine market is rapidly surging. From pharmacies to pet and food markets are adopting this component. In the competitive landscape, market expansion, acquisitions and mergers are expected to grow. All these factors will result in high price competitiveness.
Global Glycine Market Share, by End Use Industry, 2018 (%)
Source: MRFR Analysis
The Glycine market is fragmented into three major regions Asia Pacific, Europe and North America. The Asia Pacific holds the highest amount of Glycine market shares in the market. The demand from the pharmaceutical sector plays a major role in high demand. Rising investments in the market will contribute to the high versatility of the product.
North America is the next largest market with high demand. The presence of a top leader brings new developments to the market. Also, the pet industry holds a significant amount of shares in the Glycine market. The expansion of the market is exceptional with demand from many end-users. Europe is another significant market player with high contributions to the market.
The key players of Glycine market are
The key players of the market are increasing their pharmaceutical range of Glycine. This development will create more versatility and expansion in the market.
Key players in Asia pacific are establishing new partnerships and acquisition strategies in the market.
The Middle East is emerging as the fastest-growing market with new demand from various end-users.
Market overview highlights
Analysis based upon COVID 19
Explanation upon the Market Dynamics
Value chain analysis
Market segmentation overview
The regional analysis
Competitive landscape analysis
| Market Size
USD 33 Billion
|| 3.90 (2020-2030)
| Base Year
| Forecast Period
|| 2022 to 2030
| Historical Data
|| 2019 & 2020
| Forecast Units
|| Value (USD Billion)
| Report Coverage
|| Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
| Segments Covered
|| By Grade, End-Use Industry
| Geographies Covered
|| North America, Europe, Asia-Pacific, and Rest of the World (RoW)
| Key Vendors
|| SHOWA DENKO K.K.(Japan), Chattem Chemicals, Inc. (US), GEO Specialty Chemicals, Inc. (US), Evonik Industries AG (Germany), Ajinomoto Health & Nutrition North America, Inc. (US), AMINO GmbH (Germany), YUKI GOSEI KOGYO CO., LTD (Japan), Advance Chemical Sales Corporation (India), Triveni Chemicals (India), and Aditya Chemicals (India).
| Key Market Opportunities
|| The glycine market in Latin America and the Middle East & Africa are expected to show high growth during the forecast period owing to the rising industrialization in the region.
| Key Market Drivers
|| Increasing demand for pharmaceutical supplements to counteract deficiencies is likely to be the major driver for the glycine market.
Frequently Asked Questions (FAQ) :
Glycine is an amino acid and is the amino acid with the smallest molecular weight. It has functions in the upkeep of the digestive and nervous systems.
Increasing demand for pharmaceutical supplements to counteract deficiencies is likely to be the major driver for the glycine market.
The glycine market is expected to exhibit a strong 3.90% CAGR over the forecast period.
The pharmaceutical industry holds the largest share in the global glycine market, at 39%.
The leading regional market for glycine is Asia Pacific. The growing pharmaceutical sector in India and China is likely to be a major driver for the glycine market.
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