The global glycine market is expected to exceed USD 700 million by 2022, growing at a rate of about 4% to 5% from 2022 to 2032. Demand for glycine is projected to reach USD 1050 million by 2032, up from USD 660 million in 2021. North America is forecasted to contribute around one-third of total glycine sales through 2032.
Glycine is also known as Gly. Glycine is the amino acid which has a single hydrogen atom, it is the simplest amino acid. It is uncolored, sweet sugared flavored transparent solid. Glycine is building a block of protein. Glycine is available naturally in large quantity. Glycine is used in food industry as well as the pharmaceuticals industry. It is used in the personal care industry and animal feed industry. It is used as sweetener or ingredient in food supplements, in protein shakes, and energy drinks. It is used in treating many health issues and disorders like sleep problems, metabolic syndrome, etc. As demand for the food industry and pharmaceuticals industry is growing rapidly which will boost the demand of glycine market in the forecasted period and a large number of players are participating in this industry. With surging demand and a growing number of manufacturers across the globe, glycine market is heading towards a more competitive level. To sustain in the glycine market major manufacturers are introducing new products on a regular basis with competitive price against their competitor.
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Key Companies Profiled :
- Ajinomoto
- GEO Specialty Chemicals
- Yuki Gosei Kogyo
- Guangrong Chemical
- Showa Denko KK
- Chattem Chemicals
- Evonik
- Paras Intermediates Private Limited
- Linxi Hongtai
- Shijiazhuang Donghua Jinlong Chemical
- Zhenxing Chemical
- Hebei Donghua Jiheng Chemical
- Hubei Xingfa Chemicals Group
- Others
The Wide Variety of Applications of Glycine in the Varied Industries:
Glycine plays an important role in the pharmaceuticals industry. It is used to support proper functioning of kidney, liver and prevent harmful effects of drugs and alcohol. It is also used in cancer prevention and memory enrichment. Glycine is used in treating many health issues and disorders like stroke, benign prostatic hyperplasia, sleep problems and metabolic syndrome. It is useful in the prevention of side effects of any drugs after organ transplantation. The demand for pharmaceuticals industry is growing rapidly which will grow the demand of glycine market. Glycine is used as taste enhancer and ingredient in food supplements, protein shakes, and energy drinks. An increasing number of health-conscious people require healthy supplemented food as well as proteins shakes on a daily basis. Glycine is a rich source of proteins. As demand for healthy food supplements and protein shakes is increasing which will increase the demand of glycine as it is the primary ingredient in it. It is used in packed food and ready to eat food. Many students and employees live away from their houses for education and jobs who consume ready to eat and packed food which makes their life easier and also save the time of cooking. As a rising demand for ready to eat food, packed food, and fast food will increase the demand for glycine in the near future. Also, the consumption of animal products such as milk, meat, eggs, etc is increased as it is a rich source of proteins. As the food industry is growing rapidly, it is a major driver of glycine market.
Due to the increase in meat consumption, high livestock production which increases the demand for animal feeds in which glycine is an important component. Glycine is used in the personal care industry in the production of cosmetics and antiperspirant. It is used to reduce the poignancy of other elements. The use of glycine in the personal care industry is increasing rapidly which will boost the growth of glycine market. The cosmetic industry is one of the top end users of glycine. Increasing pesticide industry driven by increasing adoption of genetically changed and herbicides tolerant crops are important factors of driving glycine market.
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Key Segments Profiled in the Glycine Market Survey
By Grade:
- Food Grade
- Tech Grade
- Pharma Grade
By End Use:
- Food & Beverage Industry
- Pesticides Industry
- Pharmaceuticals Industry
- Feed Industry
- Cosmetics Industry
- Dietary Supplements Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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