Knowledge Sourcing Intelligence announces the publication of a new report on “Glycinate Market - Forecasts from 2020 to 2025" to their offering.
Glycinates are defined as a type of amino acid, which consists of a hydrogen atom as its side chain. It is incorporated into proteins through biosynthesis during translation, so it is a proteinogenic amino acid. Some of its uses are in animal feed and medicines.
According to the report, the Glycinates Market is projected to increase at a CAGR of 4.96% over the forecast period 2019-2025.
The market is expected to surge over the forecast period owing to the fact that there is an increasing demand for cosmetics and personal care products, which is being facilitated by the increasing disposable income among the low-income population and the middle-income population. Thus this acting as a driving factor for the market growth over the forecast period.
In addition, there are increasing concerns and demand among the livestock owners to improve the health of their animals to maintain and obtain a good quality produce, so that the rising demand for high-quality meat and high-quality dairy products among the consumers are easily me. Moreover, this demand for glycinates is further increasing, as the usage of glycinates is gaining momentum in the food and beverage industry particularly in the food consumed by humans due to the health benefits it is able to provide such as being able to provide energy and growth support to our muscles as it is an essential component of Creatine. It may improve the quality of sleep, as the amino acid is able to lower the core body temperature by producing a calming effect on the brain. Therefore, these factors are further contributing to the boost in market growth over the forecast period.
However, there is a high cost associated with the R&D and the production of glycinates and related compounds act as a slight restraint in the market over the forecast period.
Geographically, the North American region is expected to hold a significant market share on account of the well-established and growing pharmaceutical industry in the countries such as the U.S. This coupled the presence of some of the major players such as American Elements, and Novotech Nutrition, which are involved in catering to demands for glycinates to different industries is further contributing to the position and share of this region in the market.
In addition, the Asia-Pacific region is estimated to increase its market share and grow at a considerable pace over the forecast period owing to the increasing investments in the feed additive industries and the R&D of feed additives. This being done to improve the overall health of the livestock and cater to the increasing demand for top-quality meat from the meat consuming countries in this region such as India, and China among others.
The major players covered as part of the report are BASF SE, Albion Laboratories Inc., Galaxy Surfactants Ltd., Union Agricore Holding AG, Shijiazhuang Donghua Jinlong chemical co. ltd., Chaitanya Agro Biotech Pvt. Ltd., JH Biotech Inc., American Elements, and Stepan Company among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/glycinates-market
This report has segmented the glycinates marketon the basis following terms