The global glycinates market is projected to grow at a CAGR of 4.96% during the forecast period, reaching a total market sizeof US$1,230.945 million in 2025 from US$920.443 million in 2019. Growing demand for supplements and cosmetics and personal care products is one of the major driving factors behind the growth of glycinates market. While rising demand for chelated minerals in food additives is also escalating the use of glycinates as additives across food application which, in turn, is positively impacting the overall global glycinates market growth. Moreover, growing restrictions on the use of antibiotics and increasing demand for glycinates as supplements in livestock feed will continue to bolster the glycinates market during the forecast period.
The glycinate market has been segmented on the basis of type, form, application, and geography. In the type segment, magnesium glycinate will hold a significant share owing to the increasing awareness regarding magnesium. In the application segment, pharmaceutical along with feed additives will boost the glycinate market on account of the increasing application of glycinate in various medical and food products. Geographically, North America holds a significant market share owing to the presence of huge feed production market coupled with high demand for dietary supplements.
DRIVERS
Rising demand for glycinates from the healthcare sector.
Continous growth of the personal care industry.
RESTRAINTS
High R&D costs.
The major players profiled in the glycinates market include BASF SE, Albion Laboratories Inc., Galaxy Surfactants Ltd., American elements, Stepan Company, Clariant, Novotech Nutrition, and SpecialChem among others.
Segmentation
The glycinates market has been analyzed through the following segments:
Frequently Asked Questions (FAQs)
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