Glycinates Market - Forecasts from 2019 to 2024

The glycinates market is expected to grow to US$1,177.578 million by 2024 from US$881.928 million in 2018, expanding at a CAGR of 4.94% over the forecast period. 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:

By Type
Magnesium Glycinate
Sodium Glycinate
Zinc Glycinate
Calcium Glycinate
Others

By Form
Dry
Liquid

By Application
Pharmaceutical
Food additive
Cosmetics
Feed Additives
Others

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others