Glycinates Global Market Report 2024

Description

“Glycinates Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on glycinates market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for glycinates? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The glycinates market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: BASF SE; Solvay S.A.; Ajinomoto Co. Inc.; Clariant AG; Albion Laboratories
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Glycinates are the conjugate bases of glycine, comprising an alpha-amino acid anion that arises through deprotonation of the carboxy group. They serve as mineral supplements for preventing and treating low magnesium levels in the bloodstream. Due to their superior bioavailability compared to other compounds, glycinates are commonly incorporated into animal feed.

The primary glycinates encompass magnesium glycinate, calcium glycinate, zinc glycinate, iron glycinate, copper glycinate, manganese glycinate, and sodium glycinate. Magnesium glycinate, a compound derived from elemental magnesium and the amino acid glycine, is employed as a dietary supplement to provide a source of magnesium. Various formulations of glycinates, such as fluid, powder, and others, find application in food sources, beverages, nutraceuticals, animal feed, among other uses.

The glycinates market research report is one of a series of new reports from The Business Research Company that provides glycinates market statistics, including the glycinates industry's global market size, regional shares, competitors with a glycinates market share, detailed glycinates market segments, market trends, and opportunities, and any further data you may need to thrive in the glycinates industry. This glycinates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The glycinates market size has grown strongly in recent years. It will grow from $1.23 billion in 2023 to $1.31 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The increase observed during the historical period can be ascribed to heightened demand for food supplements, the prevailing trend of nutritional fortification, the expansion of the pharmaceutical industry, an upswing in demand for cosmetics and personal care products, and the application of these factors in the field of animal feed.

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 anticipated growth in the forecast period can be ascribed to the ongoing nutraceutical trends, progress in cosmetic formulations, the broadening scope of pharmaceutical applications, a heightened emphasis on sustainable ingredients, and the expansion of livestock production. Noteworthy trends expected in the forecast period involve a concentration on sustainable and non-allergenic sources, innovations in glycinates for skincare, the creation of glycinate complexes for agriculture, advancements in production technologies, and collaborative efforts for research on glycinate applications.

The anticipated surge in demand for nutritional supplements is projected to drive the expansion of the glycinates market in the future. Nutritional supplements encompass products designed to enhance dietary intake, including vitamins, minerals, herbal remedies, or other ingestible preparations aimed at promoting health. The consumption of supplements aids in ensuring individuals receive essential nutrients in adequate amounts, contributing to the maintenance or improvement of their health. Glycinates serve as supplements that can positively impact health. Notably, in January 2022, VitaFood Insights, a UK-based community-powered knowledge platform for the nutraceutical industry, reported a 3.2% increase in U.S. supplement sales to $60.57 billion in 2022, indicating a growing demand for nutritional supplements and, consequently, propelling the glycinates market's growth.

The escalating consumption of meat is expected to be a driving force behind the glycinates market's growth. Meat consumption involves individuals ingesting and utilizing animal flesh, typically from livestock such as cattle, poultry, pigs, and other mammals, as part of their diet. Glycinates find applications in the meat industry for various purposes, including preservation, flavor enhancement, meat tenderizing, texture improvement, and more. For instance, according to the United States Department of Agriculture (USDA), in 2022, despite increased meat prices, the average consumer consumed around 227 pounds of poultry, beef, and pork, slightly up from the 224.9 pounds in 2021. Therefore, the rise in meat consumption contributes to the expansion of the glycinates market.

Key players in the glycinates market are actively engaged in developing innovative solutions, such as glycinate surfactants. Glycinate surfactants belong to a class of surfactants known as amino acid-based surfactants. For example, in July 2021, Jarchem Innovative Ingredients LLC, a U.S.-based innovative ingredients manufacturing company, introduced 'Aminosyl Glycinates,' mild anionic surfactants known for offering creamy lather and rich foam. These components are positioned as vital moisturizing surfactants, purportedly leaving the skin feeling refreshed and soft.

Prominent companies in the glycinates market are directing their efforts toward pioneering solutions, such as pure magnesium bisglycinate. Pure magnesium bisglycinate is a form of magnesium supplement where each magnesium ion is bound to two molecules of the amino acid glycine. In October 2022, Gadot Biochemical Industries, an Israel-based food and nutraceutical ingredients manufacturing company, launched 'Magnesium Bisglycinate,' emphasizing its 100% full reaction, chelation, and non-buffered nature, along with enhanced bioavailability compared to magnesium carbonate and sulfate. This soluble form of magnesium bisglycinate offers exceptional formulation flexibility and is characterized by minimal metallic taste, easily masked by flavors.

In October 2022, BASF, a Germany-based chemicals company involved in glycinates manufacturing, collaborated with Hannong Chemicals, a South Korea-based chemicals company, forming a joint venture. Under this partnership, BASF would hold a 51% stake, and Hannong Chemicals would hold a 49% stake in the newly established entity, BASF Hannong Chemicals Solutions Ltd. The joint venture aimed to position the new company in the non-ionic surfactants market and cater to customers in Asia.

Major companies operating in the glycinates market report are BASF SE, Solvay S.A., Ajinomoto Co. Inc., Clariant AG, Albion Laboratories, Aditya Chemicals, Pancosma SA, Dunstan nutrition, Innospec Inc., Pharmavit, Schaumann Agri International GmbH, Shijiazhuang Donghua Jinlong Chemical, Aliphos Rotterdam B.V., Chaitanya Chemicals, Provit, PAT IMPEX chemical India, Jost Chemical Co., H. Wilhelm Schaumann GmbH, Evonik Industries AG, Glanbia plc, Albion Minerals, Galaxy Surfactants Ltd., Provitamins GmbH, Fuerst Day Lawson Ltd., Sisco Research Laboratories Pvt. Ltd., Supplement Co. Ltd., FBC Industries Inc., Vital Pharmaceuticals Inc., Chaitanya Agro Biotech Pvt. Ltd., Prinova Group LLC

North America was the largest region in the global glycinates market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glycinates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the glycinates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The glycinates market consists of sales of nutritional supplements, dietary supplements, nutraceuticals, and mineral glycinates. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11765

1. Executive Summary

2. Glycinates Market Characteristics

3. Glycinates Market Trends And Strategies

4. Glycinates Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Glycinates Market Size and Growth

5.1. Global Glycinates Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Glycinates Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Glycinates Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Glycinates Market Segmentation

6.1. Global Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Magnesium Glycinate
Calcium Glycinate
Zinc Glycinate
Iron Glycinate
Copper Glycinate
Manganese Glycinate
Sodium Glycinate
6.2. Global Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fluid
Powder
Other structures
6.3. Global Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food Source
Drinks
Nutraceuticals
Creature Feed
Other Applications

7. Glycinates Market Regional And Country Analysis

7.1. Global Glycinates Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Glycinates Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Glycinates Market

8.1. Asia-Pacific Glycinates Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Glycinates Market

9.1. China Glycinates Market Overview
9.2. China Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Glycinates Market

10.1. India Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Glycinates Market

11.1. Japan Glycinates Market Overview
11.2. Japan Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Glycinates Market

12.1. Australia Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Glycinates Market

13.1. Indonesia Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Glycinates Market

14.1. South Korea Glycinates Market Overview
14.2. South Korea Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Glycinates Market

15.1. Western Europe Glycinates Market Overview
15.2. Western Europe Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Glycinates Market

16.1. UK Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Glycinates Market

17.1. Germany Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Glycinates Market

18.1. France Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Glycinates Market

19.1. Italy Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Glycinates Market

20.1. Spain Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Glycinates Market

21.1. Eastern Europe Glycinates Market Overview
21.2. Eastern Europe Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Glycinates Market

22.1. Russia Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Glycinates Market

23.1. North America Glycinates Market Overview
23.2. North America Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Glycinates Market

24.1. USA Glycinates Market Overview
24.2. USA Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Glycinates Market

25.1. Canada Glycinates Market Overview
25.2. Canada Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Glycinates Market

26.1. South America Glycinates Market Overview
26.2. South America Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Glycinates Market

27.1. Brazil Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Glycinates Market

28.1. Middle East Glycinates Market Overview
28.2. Middle East Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Glycinates Market

29.1. Africa Glycinates Market Overview
29.2. Africa Glycinates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Glycinates Market, Segmentation By Structure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Glycinates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Glycinates Market Competitive Landscape And Company Profiles

30.1. Glycinates Market Competitive Landscape
30.2. Glycinates Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Solvay S.A.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ajinomoto Co. Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Clariant AG
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Albion Laboratories
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

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

34.1 Glycinates Market In 2028 - Countries Offering Most New Opportunities
34.2 Glycinates Market In 2028 - Segments Offering Most New Opportunities
34.3 Glycinates Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer