Market Research Future Published a Research Study on Glycine Market Research Report, Size, Share and Industry Analysis - Forecast to 2023
Competitive Analysis
Key
players in the global polyurethane catalyst market are Chattem
Chemicals, Inc. (U.S.), GEO Specialty Chemicals, Inc. (U.S.), Evonik
Industries AG (Germany), Triveni Chemicals (India), Ajinomoto North
America, Inc. (U.S.), AMINO GmbH (Germany), Advance Chemical Sales
Corporation (India), among others.
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.
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Market Segmentation
The global glycine market is segmented into grade, application, and region.
On
the basis of the grade, the market is classified as food grade,
pharmaceutical grade, and technical grade glycine. Among these, the food
grade glycine is the largest segment due to a healthy demand from the
ever-increasing foods & beverages industry. It has been projected
that the global processed food market may grow at a significant rate due
to increasing global demand for ready-to-cook food and fast food
products. Moreover, the emergence of the new food-related concepts such
as “freedom food”, “rush-hour foods,” and others with the changing
socio-economic scenario is anticipated to propel the growth of the food
grade segment during the forecast period.
Based on the
application, the global glycine market is categorized into food &
beverages, cosmetics & personal care, pharmaceuticals, chemical
intermediate, and others. The foods & beverages are the most
dominant application of glycine owing to the rising demand for the
protein-rich food. The rapidly increasing global population is poised to
mark over 8 trillion people by the end of 2021 and shrinking
agricultural land due to loss of fertility has necessitated the maximum
production of animal products and increase the nutritional value of
vegetarian food. This is likely to favor the growth of this segment
during the years to follow.
Regional Analysis
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.
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
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.
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