Glycinates Market Size, Share, Opportunities, And Trends By Type (Manganese Glycinate, Sodium Glycinate, Zinc Glycinate, Copper Glycinate, Calcium Glycinate), By Form (Liquid, Dry), By Application (Food Additives, Pharmaceuticals/ Nutraceuticals, Personal Care Products, Feed Additives), And By Geography - Forecasts From 2024 To 2029
- Published : Jul 2024
- Report Code : KSI061612305
- Pages : 128
The glycinates market is expected to grow at a CAGR of 5.53%, reaching a market size of US$1,548.498 million in 2029 from US$1,062.347 million in 2022.
Glycinates are chelated minerals created when the amino acid lysine is bound with various minerals, such as magnesium, zinc, copper, manganese, and others. These chelated minerals are widely used as dietary supplements or as additives in food and drink.
Moreover, glycinates have been gaining popularity due to more people knowing about their health advantages and their high absorbency compared to some minerals. This is one reason why glycinates are manufactured. They are absorbed more easily in our bodies, so there is an assumption that they can be employed more effectively than others. On the other hand, they are believed to be mild and do not cause irritation, hence suitable even for individuals having problems with their stomach lining.
Glycinates Market Drivers
- Increasing demand for personal care products
The demand for glycinates in personal care and cosmetic products is growing, and it is one of the major factors driving the global glycinates market growth over the forecast period. An increased number of mineral deficiency cases coupled with companies focusing on developing and selling manganese glycinate that can cure the deficiency among consumers is also a factor for the market's growth. Various health benefits and effectiveness associated with the consumption of glycinates are expected to create demand for glycinates in the pharmaceutical and nutraceutical industries. This will also drive the market growth during the forecast period.
- High use of dry glycinates
The solid form of glycinates, known as dry glycinates, is widely utilized in the personal care, nutritional, and pharmaceutical industries. They are favoured when accurate dosage and long shelf life are crucial. Because it degrades less easily than liquid forms, the dry form is also preferred when stability is an issue. Aqueous solutions or suspensions known as liquid glycinates are commonly used because they are simple to incorporate into liquid-based products like drinks and liquid supplements. This form is frequently used when there are issues with the dry form's solubility or when quick absorption is preferred.
- Rising consumer awareness
The demand for functional foods and nutritional products has been caused by consumer awareness of the necessity of living healthily. Glycinates are preferred for chelated mineral supplements because they are milder and better absorbed. They also have even better absorption and bioavailability than other mineral forms. This means they are used more often in several industries, including food, medicine, and animal nutrition.
- Increasing the use of magnesium glycinate
In farming and agricultural enterprises, they are also utilized to provide chickens and cattle with the essential nutrients they need to grow. Numerous varieties of glycinate are distinguished, such as copper, zinc, calcium, magnesium, and so forth. Due to its increased bio-absorbability and wide range of uses in dietary supplements, magnesium glycinate is an essential component of the body's detoxification processes. Further, due to its calming properties, it is well-liked by working people as a treatment for anxiety, insomnia, and depression. The tendency for low blood magnesium levels can be treated with these tablets. Nearly 50% of Americans suffer from magnesium deficiency, according to studies. The segment's revenue is anticipated to rise as the number of people with these deficits increases globally.
- High demand from the pharmaceutical industry
Glycinates are crucial for many medicinal applications. Because of their remarkable bioavailability and non-toxic properties, they are highly sought after as active ingredients in drugs. They are also a vital part of dietary supplements because they have an extraordinary ability to increase the absorption of important minerals. Moreover, pharmaceutical companies use glycinates as a strategy for enhancing product efficiency. They can thereby add glycinates to drug and dietary supplement formulations and thus boost drugs’ potency, thus attracting many customers. The market has grown immensely due to the increased demand for glycinates in the pharmaceutical industry, dramatically increasing global production and sales.
- Growing use of glycinates in the cosmetic industry
They are important in preparing innumerable cosmetic products for their amazing skin-friendliness and gentleness, which is often admired. These versatile compounds ordinarily act as emulsifiers, conditioners, and surfactants in typical personal care products. Moreover, skincare products incorporate them to enhance the skin’s health by providing essential nutrients and support while increasing the ability of the skin to absorb minerals. Commonly, glycinates have become very popular in the cosmetics industry because customers are becoming more knowledgeable regarding the constituents of cosmetic products, and their need for secure, natural alternatives has increased. This implies that the entrance of these chemicals into the product lines of numerous cosmetics companies has significantly escalated the need for glycinates in international market spheres. Companies in the cosmetics industry have found it beneficial to leverage the advantages of glycinates to adapt to evolving consumer habits. This is a deliberate strategy aimed at boosting the production and sales of glycinates, hence broadening its market at a global level and staying competitive amidst other companies.
Glycinates Market Geographical Outlook
- North America is witnessing exponential growth during the forecast period
Due to its substantial feed industry and advanced agricultural technology, which extensively uses glycinates as additives, the United States is one of the world's largest consumers of glycinates. The need for better product formulations has significantly increased due to the existence of well-known personal care and pharmaceutical companies. The market expansion is influenced by the continuing upsurge in the personal care industry, increased health awareness, and the increasing meat consumption in the area. In addition, due to the large agricultural sector of the region, there are numerous chances for using glycinate to increase plant productivity and maintain soil fertility.
Glycinates Market Key Launches
- In January 2022, the UK-based soft drink manufacturer OHMG claims to have created the first water in history to include three distinct forms of magnesium to improve the mineral's bioavailability and functionality. To help consumers replenish their magnesium stores without having to take difficult-to-swallow pills that, according to the company, frequently contain magnesium oxide, which doesn't absorb as well as other forms of magnesium, OHMG Magnesium Water was created.
Segmentation:
- By Type
- Manganese Glycinate
- Sodium Glycinate
- Zinc Glycinate
- Copper Glycinate
- Calcium Glycinate
- By Form
- Liquid
- Dry
- By Application
- Food Additives
- Pharmaceuticals/ Nutraceuticals
- Personal Care Products
- Feed Additives
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
The glycinates market is expected to reach a total market size of US$1,548.498 million by 2029.
Glycinates Market was valued at US$1,062.347 million in 2022.
The global glycinates market is expected to grow at a CAGR of 5.53% over the forecast period.
The demand for glycinates in personal care and cosmetic products is growing and it is one of the major factors driving the global glycinates market growth.
The North American region holds the largest share of the glycinates market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLYCINATES MARKET, BY TYPE
5.1. Introduction
5.2. Magnese Glycinate
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Sodium Glycinate
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Zinc Glycinate
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Copper Glycinate
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
5.6. Calcium Glycinate
5.6.1. Market Trends and Opportunities
5.6.2. Growth Prospects
5.6.3. Geographic Lucrativeness
6. GLYCINATES MARKET, BY FORM
6.1. Introduction
6.2. Liquid
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Dry
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
7. GLYCINATES MARKET, BY APPLICATION
7.1. Introduction
7.2. Food Additives
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Pharmaceuticals/Neutraceuticals
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Personal Care Products
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
7.5. Feed Additives
7.5.1. Market Trends and Opportunities
7.5.2. Growth Prospects
7.5.3. Geographic Lucrativeness
8. GLYCINATES MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Form
8.2.3. By Application
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Type
8.3.2. By Form
8.3.3. By Application
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Type
8.4.2. By Form
8.4.3. By Application
8.4.4. By Country
8.4.4.1. Germany
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. France
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. UK
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Others
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Form
8.5.3. By Application
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. Others
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Form
8.6.3. By Application
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. India
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. Japan
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. South Korea
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Taiwan
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
8.6.4.6. Thailand
8.6.4.6.1. Market Trends and Opportunities
8.6.4.6.2. Growth Prospects
8.6.4.7. Indonesia
8.6.4.7.1. Market Trends and Opportunities
8.6.4.7.2. Growth Prospects
8.6.4.8. Others
8.6.4.8.1. Market Trends and Opportunities
8.6.4.8.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. BASF
10.2. Solvay
10.3. Clariant
10.4. Ajinomoto
10.5. Galaxy Surfactants
10.6. Aliphos
10.7. Novotech Nutraceuticals
10.8. Dunstan Nutrition
10.9. Chaitanya Chemicals
10.10. Albion Laboratories
BASF
Solvay
Clariant
Ajinomoto
Aliphos
Novotech Nutraceuticals
Dunstan Nutrition
Chaitanya Chemicals
Albion Laboratories
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