Global Glycine Market- Industry Analysis and forecast 2027
- POSTED ON Thursday, April 8, 2021
Global Glycine market size was valued at US$ 7.28 Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Bn. The report has covered region-wise market trends with a competitive landscape. The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
To know about the Research Methodology :- Request Free Sample ReportGlobal Glycine market Dynamics:
The global glycine market growth is driven by the increasing use of glycine in agrochemical and used as a flavor enhancer in soft drinks and juice concentrates in the food and beverage industry. The increasing demand for dietary supplements, the growing demand from the pharmaceutical industry to the manufacturing of new drugs, and the rising meat consumption across the globe, which are fuelling the demand for animal feed, will propel the market growth during the forecast period.
However, the high consumption of glycine causes nausea, mild dizziness, and mild wheezing that are restraining the market growth in the coming years. Volatility in raw material prices and stringent environmental regulations to the consumption of glycine may hamper the market growth at a global level. The increasing adoption of glycine in various personal care products such as antiperspirants and cosmetics are projected to create beneficial growth opportunities in the market in the upcoming period. The product is used as an additive in cosmetics products such as disinfectants, deodorants, and air fresheners, which are fuelling the market growth.
The pharma grade segment is expected to grow at the CAGR of XX% during the forecast period.
The MMR report covers the detailed analysis of the global glycine market by grade, dosage form, application, distribution channel, and region.
Based on grade, the pharma-grade segment is expected to grow at a CAGR of XX% during the forecast period.
Glycine is widely utilized in the pharmaceutical sector. The growing concerns related to human diseases coupled with increasing population, especially in the Asia Pacific will boost the segment growth in the market.
Based on the application, the feed industry segment has led the global glycine market growth in 2019 and is expected to grow at a CAGR of XX% during the forecast period. The rising ownership of pet animals and a growing trend of pet humanization have a positive impact on the segment market growth in the coming years that are impelling the glycine market growth in the forecast period.Asia Pacific held the dominant market share of XX% in 2019
Geographically, Asia Pacific held the dominant market share of XX% in 2019 and is expected to keep its dominance during the forecast period. The is attributed to the presence of two highly populated countries, which is fuelling the growth of the food industry, and the increasing demand for the product in growing end-use industries like pharmaceutical and food & beverage. The growing demand for agrochemicals owing to the presence of massive agricultural lands in the region is also propelling the market growth. Emerging economies such as China, India, South Korea and other South-East Asian countries are successfully contributing to the regional market growth because of the growing geriatric population and rapidly growing pharmaceutical industries in these countries.
North America held the second-largest market share of XX% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. This is attributed to the increased adoption of glycine in developed pharmaceutical industries in the region. Developed countries like the US and Canada are the leading contributor to the regional market growth thanks to the high demand for packaged food and meat products, and the presence of major key players like Geo Specialty Chemicals, Chattem Chemicals, and Ajinomoto.
In terms of revenue, Europe is expected to grow at a CAGR of XX% during the forecast period, thanks to the product are broadly utilized in medical and cosmetic applications in the region. The UK, Germany, France, and Switzerland is the leading contributor to regional market growth.
The objective of the report is to present a comprehensive analysis of the Global Glycine Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Glycine Market dynamics, structure by analyzing the market segments and project the Global Glycine Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Glycine Market make the report investor’s guide.Scope of the Global Glycine Market: Inquire before buying
Global Glycine Market, by Grade:
• Pharma Grade• Food Grade• Tech GradeGlobal Glycine Market, by Dosage Form:
• Solid• LiquidGlobal Glycine Market, by Application:
• Dietary Supplements Industry• Pharmaceuticals Industry• Cosmetics Industry• Feed Industry• Food Industry• Pesticides Industry• OthersGlobal Glycine Market, by Distribution Channel:
• Retail Store• E-commerce• OthersGlobal Glycine Market, by Region:
• Asia Pacific• North America• Europe• Latin America• Middle East AfricaGlobal Glycine Market, Major Players:
• Shijiazhuang Donghua Jinlong Chemical• Hebei Donghua Jiheng Chemical• Hubei Xingfa Chemicals Group• Zhenxing Chemical• Newtrend Group• Henan HDF Chemical• Ajinomoto Health & Nutrition North America, Inc.• YUKI GOSEI KOGYO CO., LTD• Showa Denko KK• GEO Specialty Chemicals, Inc.• Chattem Chemicals, Inc.• Paras Intermediates• Evonik Industries AG• Avid Organics• Kumar Industries• Linxi Hongtai• AMINO GmbH• Advance Chemical Sales Corporation• Triveni Chemicals• Aditya Chemicals
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