The glycinates market is expected to increase at a 6% CAGR from 2023 to 2033, from USD 1305.74 million in 2023 to USD 2338.37 million in 2033.
Use of Glycinates as a Food Additive is Increasing
Increasing health consciousness, as well as the need of consuming nutritive food products, are likely to boost glycinates market revenue growth. Animals require this amino acid on a conditional basis. The small molecule size, low molecular weight, and glycine complexes are unaffected by the animal's digestive system. The health advantages of various types of glycinate, such as magnesium and calcium-based byproducts, vary.
This is also the small complex with the most mineral richness. Trace elements provide critical nutritional benefits that are required in food additives and feed additives, boosting global demand for them. The partially soluble and combining properties with milk, water, and dry formulations with additional feed additives help to attract a large client base.
Glycinate and its trace components have been used to treat and prevent low magnesium and calcium levels in the blood. Moreover, this can be used to treat excess stomach acid, heartburn, acid indigestion, and stomach discomfort. Some of them boost the immune system and reduce inflammation in the body. They also help in the repair of connective tissues and the formation of red blood cells. This is important in a variety of systems, including protein synthesis, metabolic activities, and health immunology, fueling global demand for various glycinates.
The expanding animal feed business for swine, ruminants, poultry, aquatic animals, and others is driving global revenue growth.
According to a study, about 80% of customers prefer to eat foods free of artificial additives. As a result, the usage of natural flavors and food additives has expanded. The food additive business has seen a value increase of roughly 22% in the last few years, which is projected to boost revenue growth in the glycinates market.
| Report Attribute | Details |
|---|---|
| Glycinates Market Value (2023) | USD 1305.74 million |
| Glycinates Market Anticipated Value (2033) | USD 2338.37 million |
| Glycinates Market Growth Rate (2023 to 2033) | 6% CAGR |
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The glycinates market accounted for USD 1228.34 million in 2022, expanding at a 5.7% CAGR from 2018 to 2022.
The growing demand for glycinates in personal care and cosmetic goods is estimated to drive the global glycinates market during the forecast period. Furthermore, the rising number of mineral deficiency instances, combined with enterprises focused on creating and selling manganese glycinate that may heal the deficiency among customers, is likely to drive market expansion throughout the forecast period.
Several health benefits and efficacy associated with glycinates use are likely to drive demand for glycinates in the pharmaceutical and nutraceutical industries. Consequently, these factors also bolster market expansion over the forecast period. On the other hand, the high cost of glycinates' research and development is likely to stifle market expansion throughout the projection period. Yet, fluctuating raw material prices are projected to impede the market's expansion to some extent.
| Historical CAGR (2018 to 2022) | 5.7% |
|---|---|
| Forecast CAGR (2023 to 2033) | 6% |
As per the FMI analysts, a valuation of USD 2338.37 million by 2033 end is estimated for the market.
| Year | Market Valuation |
|---|---|
| 2016 | USD 868.39 million |
| 2021 | USD 1162.10 million |
| 2022 | USD 1228.34 million |
| 2023 | USD 1305.74 million |
| 2033 | USD 2338.37 million |
The demand for glycinates in personal care and cosmetic products is increasing. This is one of the primary reasons driving the growth of the worldwide glycinates market throughout the forecast period. A few factors contributing to market expansion are
Different health benefits and efficacy associated with glycinates use are likely to increase demand for glycinates in the pharmaceutical and nutraceutical industries.In turn, driving market expansion throughout the forecast period also.
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The lack of understanding about the benefits of consuming health supplements and fortified food and beverages in emerging and undeveloped countries may limit the growth of the glycinates market. Furthermore, several countries lack a strong healthcare system, limiting access to fortified and value-added foods. The populace in these economies is also facing affordability issues, which limits the selling of dietary supplements.
The growing number of efforts targeted at raising awareness and disseminating knowledge about the importance of nutrition and health aid in overcoming the industry's current constraints.
In terms of revenue, the glycinates market study from the animal feed application segment is projected to exceed USD 600 million by 2032, owing to rising meat consumption, which is fuelling demand for high-quality animal feed products. Glycinates are commonly used in animal feed as chelating agents to bind minerals such as zinc and iron for improved absorption.
For example, sodium glycinate is extensively used as a growth promoter to improve feed digestibility. Furthermore, increasing worries about the environmental implications of livestock production are increasing the demand for glycinates to reduce mineral excretion.
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Throughout the projected period, the liquid form glycinates market is expected to hold a CAGR of more than 6.5%. Liquid glycinate is a food additive that is extensively used in the production of processed foods and dietary supplements. It is also used in the production of various pharmaceuticals and personal care items. Moreover, the growing production of processed foods, particularly in developed and emerging countries, is driving the usage of liquid glycinate as a taste enhancer in a variety of meals and beverages.
the glycinate business is seeing a huge increase in demand from the agricultural sector for liquid fertilizers. Fertilizers containing liquid zinc glycinate, for example, are increasingly being used to boost plant metabolism and improve bud development in fruit crops and tillering in cereals.
Globally, the working population is notably increasing. In recent years, the number of working people has increased. Many industries employ around 3.29 billion people. According to another study, 33% of all respondents face significant stress at work, with 77% experiencing negative effects on physical health and 73% experiencing stress on mental health as a result of work pressure.
Relaxing and simple absorption features ofglycinate help relieve stress, sadness, insomnia, and anxiety, which are also projected to fuel revenue growth in the glycinates market. Because of its relaxing properties, glycinate is becoming popular among the working population for relieving stress.
Glycinate contains trace elements like zinc, magnesium, copper, and others. Because of their complex components and limited availability, these trace elements pose a significant supply risk. Trace element bioavailability is affected by a variety of parameters, including trace element status, ability to form chemical bonds, trace element dosage, and others. Furthermore, in some situations, these trace elements are difficult to absorb following administration in both animals and humans.
The capacity of intestinal intake declines with age in animals and increases with stress in humans, producing absorption issues for trace elements and restricting consumer use of glycinate. These reasons are projected to limit the global revenue growth of the glycinates market.
The high cost of glycinates' research and development is projected to impede market growth over the forecast period. Furthermore, the market's expansion is estimated to be hampered to some extent by fluctuating raw material prices. Growing multinational players' market penetration in developing countries to increase customer base in the region is likely to generate profitable prospects for players operating in the target industry.
Asia Pacific glycinates market is expected to reach USD 450 million by 2032, owing to growing demand in the personal care industry. Rising disposable incomes and a growing consumer preference for luxury beauty and cosmetic items drive demand for superior formulations and personal care portfolios, In turn, these factorsprovide attractive opportunities for personal care makers.
Increased demand for animal products and animal-derived ingredients drives up demand for glycinates in countries such as China, Japan, and Australia. According to the USDA, China is the world's great meat consumer, with more than 10 million tons of beef and veal and 53 million tons of pork consumed in 2022.
Glycinates have a high potential in North America. Increasing chicken production, driven by rising poultry meat consumption for high protein intake, is fuelling demand for glycinates in the region. The emergence of many food chains and fast-food restaurants resulted in an increase in meat and animal product consumption. Consequently, rising demand for high-quality meat products is driving up demand for glycinates in North America region.
According to Sentient Media Organisation, the United States is the world's second big consumer of beef and buffalo, after only Argentina. People in America consumed 96.4 pounds of broiler chickens per capita in 2020, and according to USDA and Economic Research Service estimates, individuals in the United States are expected to consume roughly 101.1 pounds of broiler chickens per capita by 2030. These factors enhance the region's demand for glycinates at the same time.
The calcium glycinate segment's glycinates market is anticipated to expand at a 7.5% CAGR through 2032. Calcium glycinate monohydrate is gaining popularity as it is widely utilised to treat calcium deficiency, which can contribute to osteoporosis. The increasing prevalence of bone degenerative illnesses and musculoskeletal ailments is also projected to increase demand for calcium glycinate products.
Musculoskeletal problems, for example, affect more than 1.7 billion people globally and are a primary cause of disability, according to the World Health Organization (WHO). Also, calcium glycinate is becoming a popular medication for regulating blood pressure, muscular contractions, and celiac disease patients.
The calcium glycinate-based glycinates market is expected to develop at the quickest Rate. Calcium glycinate monohydrate is increasingly being used to treat calcium deficiencies that may lead to osteoporosis. Calcium glycinate products are also expected to grow as the prevalence of musculoskeletal diseases and degenerative bone problems rises.
For example, the World Health Organization (WHO) says that musculoskeletal illnesses, the leading cause of disability, affect nearly 1.7 billion people globally. Additionally, calcium glycinate is becoming a popular therapy for people with high blood pressure, muscle spasms, and celiac disease.
The animal feed segment is expected to have the significant market share among market segments by application. This is related to glycinates' capacity to improve meat quality, which is critical in the chicken industry. Glycinates used in the animal feed also improve the volume of dairy products, which is one of the most important driving factors in the glycinates industry.
With the improved benefits of glycinates, which make it a superior product for livestock feed, the feed additive sector is expected to dominate the market over the forecast period. Furthermore, as opportunities in the meat and dairy sectors have grown, manufacturers' attention has shifted to animal feed. This is also expected to boost glycinates consumption in cattle feed.
To increase output and appeal to a big consumer base, corporations are using innovative techniques such as alliances and partnerships. BASF, for example, announced the extension of its feed enzymes development and distribution collaboration with Cargill in order to better meet the demand from animal protein manufacturers in the United States.
Prominent Market Leaders Working in the Glycinates Market
| Attribute | Details |
|---|---|
| Market Size Value In 2023 | USD 1305.74 million |
| Market Size Value in End of Forecast (2033) | USD 2338.37 million |
| Market Analysis | USD million for Value |
| Key Region Covered | North America; Europe; Asia Pacific; Latin America; The Middle East & Africa |
| Key Segments | By Type, By Form, By Application, By Region |
| Key Companies Profiled | BASF; Aditya Chemicals; Solvay; Dunstan Nutrition; Clariant; Pancosma SA; Pharmavit; Jost Chemical Co.; UNO VETCHEM; Innospec; PAT IMPEX Chemicals India |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 1305.74 million in 2023.
The market will expand at a 6% CAGR through 2033.
Demand from food and supplements industries propels Glycinates market.
From 2018 to 2022, the market expanded at a 5.7% CAGR.
Calcium glycinate is the dominant segment in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Magnesium Glycinate 5.2. Calcium Glycinate 5.3. Zinc Glycinate 5.4. Iron Glycinate 5.5. Copper Glycinate 5.6. Manganese Glycinate 5.7. Sodium Glycinate 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Animal Feed 6.2. Pharmaceutical/Nutraceutical 6.3. Food & Beverage 6.4. Cosmetics & Personal Care 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Dry 7.2. Liquid 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. BASF SE 16.2. Solvay 16.3. Aditya Chemicals 16.4. Dunstan Nutrition 16.5. Pancosma SA 16.6. Clariant 16.7. Pharmavit 16.8. Jost Chemical Co. 16.9. Innospec 16.10. UNO VETCHEM 17. Assumptions & Acronyms Used 18. Research Methodology
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Glycinates Market
