Report contains all the information in terms of glycine market growth and trends with major available opportunity globally. The global glycine market was recorded US$ 7.28 Bn in terms of value in 2019 and is expected to reach US$ 11.23 Bn by 2027, at a CAGR of X% during a forecast period. Major attention on ongoing research and development activity is estimated to cover 40% of glycine market growth.
Global Glycine Market
Product Description:
Glycine is widely famous as amino acetic acid, has the bottommost molecular weight amid other available amino acids. It is slightly soluble in water, sweet in taste and colorless amino acid. Glycine is insoluble in most of the organic solvent such as ethyl ether, ethanol and moderately soluble in acetone. It plays important role in the production of required protein in the human body. Glycine is naturally obtained in numerous food products including beans, fish, milk, cheese, meat and others, and it forms simple building block proteins.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Numerous permanent growth in the healthcare and cosmetics industries are documented as one of the major driving aspects for the glycine market in terms of volume and value during the estimated period. Availability of raw materials and several applications from end-user sector is likely to boost the market. Advancement in technology and engineering process with developed equipment in developed and developing countries are boosting the market growth. On the other hand, pesticides and dietary supplements application is also considered as the major growth factor. Furthermore, significant growth in agriculture industries like biopesticides and seed treatment helping plants to recover and fight from fungal infection, will increase the glycine demand and will contribute to the glycine market growth globally. `Further, effective therapeutic action after ingesting has confirmed to be prominent in the pharmaceutical sector. Hence, deliver extensive applications in therapeutic area. This is expected to lift the global market in the pharmaceutical sector.
However, carcinogenic effect after application such as wheezing, nausea vomiting and other, may hamper the market growth. Presence of substitutes in the market is another factor to pull the market growth.
Global Glycine Market:
By application of glycine, pharmaceutical sector was the highest propelling segment, accounting for over 43% of the market share in 2019. Growing initiative and movement to develop the pharmaceutical sector in Asia Pacific region is projected to boost the targeted market in near future. Glycine based products are expansively chosen as a constituent of amino acid combination and oral application. On-going chemical synthesis across the globe where glycine is famous as chemical intermediate and simultaneously is helping this market to grow. As this product have antimicrobial preservative properties making glycine or acetic acid prominent in the maintenance of vitamin C.
Further application of amino acetic acid where it plays important role in pharmaceutical sector including emollient, sweetener, emulsifier, stabilizer, buffer substance and solubilizing agent, in numerous formulations. Consequently, mounting pharmaceutical industry across emerging and developed economies projected to lift the request for glycine and will help this market to grow in terms of value and volume.
Global Glycine Market1
Glycine Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the glycine market and is expected to grow at a CAGR of X.25 % during the forecast period owing to the presence of phenomenal key players in the market. Developing regions like India, China, and Japan are considered the major contributors for the glycine market growth in the Asia Pacific region. In 2019 market size was valued US$ XX Bn while in China, market size was valued US$ XX Bn and expected to increase by US$ XX Bn in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Glycine Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Glycine Market dynamics, structure by analysing the market segments and project the Global Glycine Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Glycine Market make the report investor’s guide.
Scope of Glycine Market
Global Glycine Market, By Grade
• Pharma Grade
• Food Grade
• Tech Grade
Global Glycine Market, By Application
• Dietary Supplements Industry
• Pharmaceuticals Industry
• Cosmetics Industry
• Feed Industry
• Food Industry
• Pesticides Industry
• Others
Global Glycine Market, By Region
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa
Key Players Operating the Glycine Market,
• Shijiazhuang Donghua Jinlong Chemical
• Hebei Donghua Jiheng Chemical
• Hubei Xingfa Chemicals Group
• Zhenxing Chemical
• Newtrend Group
• Henan HDF Chemical
• Ajinomoto
• Yuki Gosei Kogyo
• Showa Denko KK
• GEO Specialty Chemicals
• Chattem Chemicals
• Paras Intermediates
• Evonik
• Avid Organics
• Kumar Industries
• Linxi Hongtai
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