Global Glycinates market Size 2021 Emerging Trends, Industry Share, Future Demands, Market Potential, Traders, Regional Overview and SWOT Analysis till 2027
As per the analysis by Market Research Future
(MRFR), the global glycinates market size is anticipated to acquire significant
market value, expanding at a CAGR of 5.5% during the forecast period
from 2017 to 2023.
The increasing demand for glycinates from
supplements and preventive healthcare sectors is projected to be a significant
factor driving the global glycinates market size 2020. The growing deficiency
of minerals among the expanding populace is likely to increase the need for
glycinates, which can augment the market in the forecast period. Furthermore,
the escalating need for the mineral supplement in agribusiness to feed poultry
and cattle with essential nutrients is projected to strengthen the market
additionally.
On the flip side, the
expenses associated with R&D and lack of awareness are anticipated to
hamper the market growth during the projection period. However, the increasing
demand for glycinates in developing countries, along with above-mentioned
factors can actuate the market significantly in the review period.
Competitive Analysis:
Some of the established entities of the global
glycinates market size are Ajinomoto Co., Inc. (Japan), Albion Laboratories,
Inc. (U.S.), Clariant AG (Switzerland), Aliphos Belgium SA/NV (Belgium), Solvay
SA (Belgium), Schaumann GmbH & Co. KG. (Germany), NovoTech Nutraceuticals
Inc. (U.S.), Shijiazhuang Donghua Jinlong Chemical Co Ltd. (China), BASF SE
(Germany), Solvay SA (Belgium), and NovoTech Nutraceuticals Inc. (U.S.).
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Market Segmentation
The segmental analysis of the global glycinates market size is done by
form, type, and application.
The form-based segments of the global glycinates market size are liquid, powder, and others.
Among all, the powder segment is anticipated to acquire the maximum market
share during the review period owing to the wide range product applicability
comprising of feed, beverages, supplements, and others
The type-based segments of the global glycinates market size zinc,
copper, manganese, magnesium, calcium, sodium, and others. Among all, the
magnesium glycinate segment is anticipated to dominate the market during the
evaluation period.
The application-based segments of the global glycinates market size are
beverages, nutraceuticals, animal feed, and others. Among all, the feed segment
is anticipated to dominate the market during the forecast period.
Regional Analysis:
Based on the region, the global glycinates market size is segmented
into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
As per the assessment, the
global market is predicted to be dominated by North America during the forecast
period owing to the rising demand for glycinates from the feed production. The
growing demand for food additives in the developed countries like the US and
Canada are projected to strengthen the regional market during the review
period. Besides, the presence of key players performing continuous R&D
activities are anticipated to propel the market additionally.
Europe market is expected to acquire the second
largest market share during the evaluation period. The region is anticipated to
grow owing to the significant participation of the key players. Further, the
increasing demand for animal products is likely to expand the market growth in
the coming period. The restrictions imposed on the usage of antibiotics in food
& feed formulations is expected fuel the regional market.
The APAC region is expected to acquire
considerable market share owing to the high demand for glycinates from emerging
economies like India, China, and Japan. Further, the increasing demand of food
additives from the evolving economies is likely to play substantial role during
the projection period.
The MEA region is anticipated acquire a small
amount of market share during the forecast period owing to the lack of
awareness. However, the presence of untapped opportunities can aid in market
growth.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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