Glycinates Market Global Overview, Sales, Revenue, And Forecast To 2033


Posted February 8, 2024 by SushmithaTBRC

The glycinates market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%

 
The Glycinates Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s comprehensive Glycinates Global Market Report for 2024, the glycinates market has exhibited robust growth in recent years. From its valuation of $1.23 billion in 2024, it is poised to ascend to $1.31 billion in the same year, boasting a noteworthy compound annual growth rate (CAGR) of 6.6%. This upsurge is intricately linked to the heightened demand for food supplements, a prevailing nutritional fortification trend, the burgeoning pharmaceutical industry, and an upswing in the cosmetics and personal care sector, along with the burgeoning demand in animal feed applications.

Projections for the glycinates market anticipate continued substantial growth, reaching a valuation of $1.7 billion in 2028, riding on a CAGR of 6.8%. This anticipated growth stems from the sustained prevalence of nutraceutical trends, the evolution of cosmetic formulations, the expanding footprint of pharmaceutical applications, a concerted emphasis on sustainable ingredients, and the robust growth in livestock production. Noteworthy trends in the forecast period encompass a dedicated focus on sustainable and non-allergenic sources, the pioneering use of glycinates in skincare, the formulation of glycinate complexes for agriculture, breakthroughs in production technologies, and collaborative efforts in glycinate application research.

Rising demands for nutritional supplements are expected to propel the growth of the glycinates market going forward. Nutritional supplements refer to products meant to enhance the diet. Dietary supplements can be any vitamin, mineral, herbal remedy, or other ingestible preparation added to the diet to promote health. Ingestion of supplements helps to ensure people receive the necessary amounts of important nutrients and to maintain or improve their health. Glycinates are used as supplements that can boost health in various ways. For instance, in January 2022, VitaFood Insights, a UK- based community-powered knowledge platform to help the nutraceutical industry, published that the U.S. sales of supplements increased by 3.2% to $60.57 billion in 2022. Therefore, the rising demand for nutritional supplements is driving the growth of the glycinates market.

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The glycinates market covered in this report is segmented –
1) By Type: Magnesium Glycinate, Calcium Glycinate, Zinc Glycinate, Iron Glycinate, Copper Glycinate, Manganese Glycinate, Sodium Glycinate
2) By Structure: Fluid, Powder, Other structures
3) By Application: Food Source, Drinks, Nutraceuticals, Creature Feed, Other Applications

Distinguished players in the glycinates market are channeling their efforts towards pioneering solutions, such as the development of glycinate surfactants. These surfactants, characterized as amino acid-based surfactants, witnessed a notable introduction by Jarchem Innovative Ingredients LLC in July 2021. The company, based in the United States, unveiled the 'Aminosyl Glycinates,' a line of mild anionic surfactants renowned for delivering a creamy lather and a luxuriously rich foam. These components, acting as pivotal moisturizing surfactants, purportedly impart a refreshing and soft sensation to the skin, marking a significant stride in the realm of innovative and sophisticated glycinates applications.

The glycinates market report table of contents includes:
1. Executive Summary
2. Glycinates Market Characteristics
3. Glycinates Market Trends And Strategies
4. Glycinates Market - Macro Economic Scenario
5. Global Glycinates Market Size and Growth

.....

31. Global Glycinates Market Competitive Benchmarking
32. Global Glycinates Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Glycinates Market
34. Glycinates Market Future Outlook and Potential Analysis
35. Appendix

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Tags glycinates market , glycinates market size , glycinates market share
Last Updated February 8, 2024