Glycinates Market is projected to grow at a CAGR of 5.89%
The glycinates market is estimated to be valued at 927.2 million in 2017, and projected to grow at a CAGR of 5.89%, to reach USD 1,234.3 million by 2022. The market is driven by factors such as rising demand from supplements and preventive healthcare products, increasing deficiency of minerals among people, especially from developing countries such as Brazil, growing demand for chelated minerals in food additives, growing restrictions on the use of antibiotics in livestock feed, the increasing demand for organic minerals, and other multiple benefits associated with the supplementation of glycinates in feed. However, high R&D costs associated with new product development, with glycinates being considered as premium products, is restraining the growth of the glycinates market.
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The magnesium glycinate segment is projected to grow at the highest CAGR during the forecast period
Based on type, the magnesium glycinate segment is projected to grow at the highest CAGR during the forecast period. Magnesium plays a vital role in the body's detoxification processes; magnesium glycinate increases bioabsorbability and has a major application in dietary supplements. These key factors will drive the growth of the magnesium glycinates during the forecast period.
The feed additive segment is projected to grow at the highest CAGR during the forecast period
Based on application, the feed additives segment is projected to grow at the highest CAGR during the forecast period. Increase in the focus of manufacturers toward animal feed, with increased opportunities in the dairy and meat industries, is one of the key factors for the consumption of glycinates in animal feed. Furthermore, incorporation of various ingredients in animal feed by manufacturers for improvement in the quality of meat has increased the demand for glycinates with glycine being the most widely used chelates in the market for chelated feed minerals.
North America is projected to be the fastest-growing region in the market during the forecast period
North America is projected to be the fastest-growing market during the review period. Factors such as the presence of major players in the US, high awareness about the food and dietary supplements, and a significant demand for glycinates for the feed industry will drive the glycinates market in the region.
The global glycinates market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Break-up of Primaries:
- By Company Type: Tier 1 – 30%, Tier 2 – 55%, and Tier 3 – 25%
- By Designation: C Level – 55%, D Level – 40%, and Others* – 5%
- By Region: North America – 40%, Europe – 25%, Asia Pacific – 30%, and RoW – 5%
Others include sales manager, marketing managers, and product managers.
Leading players profiled in this report:
- BASF (Germany)
- Solvay (Belgium)
- Ajinomoto (Japan)
- Clariant (Switzerland)
- Albion Laboratories (US)
- Shijiazhuang Donghua Jinlong Chemical (China)
- Galaxy Surfactants (India)
- Novotech Nutraceuticals (US)
- Schaumann (Germany)
- Dunstan Nutrition (New Zealand
- Aliphos (Belgium), ADAMA (Israel)
- Chaitanya Chemicals (India)
- Provit (Poland)
The report segments the glycinates market based on type, form, application, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the glycinates market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
- To get a comprehensive overview of the glycinates market
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights about the major countries/regions in which the glycinates is flourishing
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