Glycine Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2025
According to a new report published by Reports Monitor titled, “Glycine Market By Grades & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the glycine market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Glycine is an amino acid which is a building block for protein and about two grams of glycine contains in a daily diet of human being. It is a colourless, sweet-tasting crystalline solid. Glycine is broadly use for treating schizophrenia, stroke, sleep problems, metabolic syndrome, and some rare inherited metabolic disorders. Moreover, glycine directly uses to medicate leg ulcers and heal other wounds on the skin. Pharmaceutical, chemical, food and personal care are the major industries where glycine is use.
Change in food habits, standard of living and shifting consumer preference towards ready to eat food are major drivers for glycine market across the globe. Further, increase in consumption of food supplements and protein drinks has led to upsurge within glycine use. Growing usage of glycine as an additive in cosmetics such as deodorants, disinfectants and air fresheners would propel the glycine market. Moreover, use of glycine in chemical feedstock and crop disinfectants would fuel the product demand of glycine. Added to that, glycine containing medicines use for treatment of strokes, mental disorders, benign prostatic hyperplasia and kidney treatments could drive the glycine product development.
However, excess consumption of supplements which might result into health issues which hinder the glycine market growth. As well as, strict government regulations hinder the market hike of glycine.
The major growth factors for glycine market in North American region are increasing usage of glycine in personal care products and in products for animal consumption. Moreover, various application of glycine in personal care products is expected to be one of the major growth factors for the glycine market in North America. Increased production of palm oil, fruits, corn and expansion in consumer packaged goods will fuel the MEA glycine market. China’s meat consumption is conservatively very high as compare to other APAC countries which would boost the glycine market.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global glycine market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Geo Specialty Chemicals, Dow Chemical, Evonik Industries, Royal DSM, Cargill, ADM, Showa Denko KK, Ajinomoto Inc and Prinova U.S. LLC.
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