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Glycine Market Size - Global Industry Growth, Analysis, Share, Trends And Forecast By 2024

Author : Ronak Bora | Published Date : 2019-05-30 

Global Glycine Market Report offered by Global Market Insights, Inc. gives a industry overview which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2024.

Glycine Market size has its strong application outlook in pharmaceuticals, animal and human food along with personal care industry which will drive industry growth. Rising food demand coupled with growing population are the factors enhancing industry growth. Global meat consumption was 835.50 million tons in 2015 with a growth of over 2% from 2014. This growth is attributed to the changing food habits, standard of living and shifting consumer preference towards ready to eat food. Increasing consumption of food supplements and protein drinks has led to upsurge in global glycine market.

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Global cosmetic industry is anticipated to witness a growth of over 4% till 2024. Increasing product usage as an additive in cosmetics such as deodorants, disinfectants and air fresheners will propel the glycine market.

Global pharmaceutical market is valued over USD 1,000 billion in 2015. Rising demand for medicines in strokes, mental disorders, benign prostatic hyperplasia and kidney treatment will drive the product development. It also supports prevention of kidney from ill effects of drugs and alcohol.

Asia Pacific glycine market will witness significant growth. China glycine market has witnessed a healthy growth since 2007, owing to expanding glyphosate industry. Additionally, China’s meat consumption was over USD 250 billion in 2015 and it is anticipated to grow by 3% annually fueling the product demand.

In grade segment, food grade segment will witness significant gains in the forecast period. Rapidly increasing population, growing food industry and rising agriculture sector will propel the industry growth. Tech food grade product improves the usefulness and delivery of nutrients. High application scope in metal plating, chemical synthesis, rubber foam sponge along with mineral complexing for optimal absorption in human or animal will support the business growth.

Pharma grade segment will observe notable gains in the forecasted timeframe. Increasing demand from pharmaceutical sector will supplement the product demand. Growing concerns pertaining to human diseases along with increasing population particularly in Asia Pacific will drive the demand in this segment.

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Everchanging economic and political conditions has extensively influenced the Latin America glycine market growth. Regulatory compliance, rising food industries and increasing production of soybean and cotton in Mexico and Brazil will support the regional industry growth. Argentina and Brazil beef industry is estimated to grow over 2.5% by 2024.

Global glycine market share is competitive with frequent mergers, acquisitions and alliances. The key industry players include Geo Specialty Chemicals, Dow Chemical, Evonik Industries, Royal DSM, Cargill, ADM, Showa Denko KK, Ajinomoto Inc and Prinova U.S. LLC.  Other prominent players include Yuki Gosei Kogyo Co., Ltd., Zexing Group, Guangrong Chemical and Donghua Jinlong Chemical.


About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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