Market Research Future Published a Research Study on Glycine Market Research Report, Size, Share and Industry Analysis- Forecast to 2023
Glycine Market – Segments
For enhanced understanding, the market has been segmented into three key dynamics: –
By Grade : Food Grade, Pharmaceutical Grade, and Technical Grade among others.
By the Application : Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, and Chemical Intermediate among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
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Glycine Market – Competitive Landscape
Highly competitive, the glycine market appears to be fragmented due to the presence of numerous companies. Constant technological advancements generate strong investment opportunities in the market. Manufacturers strive to commercialize novel techniques that can lower the production cost.
They also try to attain expertise in developing techniques, managing supply chains and in-depth domain knowledge in many advanced materials in addition to the current strategic initiatives such as partnership, acquisition, and expansion of manufacturing facilities to gain a competitive advantage in the market.
Key players leading the global glycine market include-
- Evonik Industries AG (Germany)
- Ajinomoto North America, Inc. (U.S.)
- Triveni Chemicals (India)
- AMINO GmbH (Germany)
- GEO Specialty Chemicals, Inc. (U.S.)
- Chattem Chemicals, Inc. (U.S.)
- Advance Chemical Sales Corporation (India)
Glycine or Gly is the proteinogenic amino acid that has a single hydrogen atom attached to a side chain. It is an achiral type of amino acid that is fit for both hydrophilic and hydrophobic environments, which helps its applicability in food products and as a chemical intermediate. Glycine occurs naturally in higher eukaryotes and is a principal precursor to protein. The major applications of glycine can be found as an additive or supplementation in the food products. As per the medical research, this product has been found to support healthy functioning of kidney, liver, and other vital organs in humans. Additionally, glycine is significantly used in wide range of applications such as an additive in animal feed and pet food as a sweetener/taste enhancer, or as a component of food supplements and also in protein drinks. Moreover, the cosmetics and pharmaceuticals industries are the major end users of glycine. Increasing per capita income, shifting consumer patterns, and changing the lifestyle of the people, especially, in emerging economies, are the protuberant factors driving the growth of the global glycine market.
There are five major regions in which the global glycine market is divided into the Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. North America is the largest region in this market, in terms of size. It accounted for a quarter share of the market, as of 2016. The U.S. is anticipated to hold the largest share of this market owing to higher meat consumption and sizeable livestock production, which leads to a rise in the demand for animal feed additives. However, during the forecast period, this region is likely to witness a stagnant growth due to sluggish demand from the foods & beverages industry.
The Asia Pacific is growing at the highest rate among the other regions in this market and is anticipated to retain its growth rate during the forecast period. This is attributed to the shifting consumer patterns, upgrading lifestyle, enhanced spending ability, and rapidly increasing population in this region. India, Japan, and China are the leading markets in this region. North America is holding the second major share of the market. Europe is following North America in terms of market size, with Germany, the U.K, and France holding a considerable share of the market. The Middle East & Africa is a swiftly growing market where the growth is driven by the demand for foods & beverages. Latin America is anticipated to witness a rise in the regional market due to the pacifying political and reviving economic situation.
Browse Key Industry insights spread across 140 pages with 33 market data tables & 12 figures & charts from the Report, “Glycine Market by Grade (food grade, pharmaceutical grade, and technical grade), by the Application (food & beverages, cosmetics & personal care, pharmaceuticals, chemical intermediate, and others), and by Region till 2023” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/glycine-market-5207
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Glycine Market
6 Market Trends
TO BE CONTINUE………………………,
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