Glycinates Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Manganese Glycinate, Sodium Glycinate, Zinc Glycinate, Copper Glycinate, Calcium Glycinate), By Form (Liquid, Dry), By Application (Food Additives, Pharmaceuticals/ Nutraceuticals, Personal Care Products, Feed Additives), And By Geography - Forecasts From 2021 To 2026

The glycinates market is estimated to grow at a CAGR of 3.98% to reach a market size of US$1,209.232 million in 2026 from US$920.443 million in 2019.

Glycine is a kind of amino acid of endogenous antioxidant reductive glutathione. It’s often added exogenously under severe stress, it’s called a semi-essential amino acid. Glycinates also known as glycine chelates are used in various applications such as food additives, animal nutrition, pharmaceuticals, etc. The rising expansion of feed & personal care industries, the rising need for chelated minerals in food additives, and the growing shortage of minerals among the people are some of the major driving factors favoring the market growth. The increasing demand for glycinates in emerging nations is a new opportunity for the market. Companies operating in the target market are focusing on the manufacturing and marketing of glycinates for animal feed, owing to the rapidly growing demand for dairy products and meat products, which drive the growth of the segment over the forecast period of 2019 to 2026.

The recent outbreak of Covid-19 had a positive impact on the global glycinates market. Due to the Novel Coronavirus disease, the demand for dietary supplements has increased. Boosting overall health and immunity through supplement products has witnessed high demand by consumers and their buying patterns. Similarly, dietary supplements are also playing a major role in the post-Covid-19 recovery which has resulted in a high demand and market growth during the forecast year of 2019 to 2026. 

Growing Demand for Personal Care Products

The demand for glycinates in personal care and cosmetic products is growing and it is one of the major factors driving the global glycinates market growth over the forecast period. An increased number of mineral deficiency cases coupled with companies focusing on developing and selling manganese glycinate that can cure the deficiency among consumers is also a factor for the growth of the market. Also, various health benefits and effectiveness associated with the consumption of glycinates are expected to create demand for glycinates in the pharmaceuticals and nutraceutical industries which drives the growth of the market over the forecast period of 2019 to 2026.

Increasing Market Penetration of International Players

The high research and development cost of glycinates is expected to limit the growth of the market over the forecast period. In addition, the fluctuating prices of raw materials are expected to hamper the growth of the market, to a certain extent. Increasing market penetration of international players in the developing regions, so to increase the customer base in the region is expected to create lucrative opportunities for the players operating in the target market.

North America Glycinates Market is projected to hold a noteworthy share

The North American market is expected to have high growth in the global glycinates market in terms of revenue contribution. Likewise, the markets in the Asia Pacific, Latin America, and the Middle East & Africa are also expected to grow. The Asian Pacific market is projected to register comparatively faster growth in terms of revenue over the years. The growing pharmaceutical and nutraceutical industry is expected to drive the growth of the global glycinates market over the forecast period of 2019 to 2026.

Glycinates Market Scope:

Segmentation

• By Type
  • Manganese Glycinate
  • Sodium Glycinate
  • Zinc Glycinate
  • Copper Glycinate
  • Calcium Glycinate
• By Form
  • Liquid
  • Dry
• By Application
  • Food Additives
  • Pharmaceuticals/ Nutraceuticals
  • Personal Care Products
  • Feed Additives
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others