Glycine Market

Glycine Market Analysis and Forecast by Grade, End Use, Region, and Country, 2023 to 2033

Category: Chemicals & Materials Published Date : Sep-23 ID: CVC0158 Format: PDF Pages: 300

Glycine Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global glycine market will grow at a 4.1% CAGR during the period 2023–2033 to reach a valuation of US $976.9 million by 2033.

Key Findings on the Glycine Market

1. Which is the largest market for glycine?

The biggest market for glycine is Europe. As per our analysis, Europe holds nearly 31.7% share of the Glycine market.

2. What is the largest end use segment within the glycine market?

As per ChemView Consulting, the largest segment by end use is food & beverage. As per our analysis, this segment accounts for nearly 57% of total revenues.

3. At what rate is the glycine market expected to grow?

The glycine market is expected to grow at a CAGR of 4.1% during the period 2023–2033.

4. What are the major trends influencing the glycine market?

  • Industrial Applications: Glycine’s use in industrial processes such as metal chelation, surfactants, and cleaning agents is increasing steadily. Thus, industries like metalworking, textiles, and chemical processing utilize glycine for various purposes.
  • Cosmetics and Personal Care Applications: Glycine is used in a variety of cosmetic and personal care products due to its moisturising and anti-aging qualities, which is contributing to the expansion of the glycine market in this sector.

5. Who are the leading players in the glycine market?

The key companies in the glycine market are Guangrong Chemical, The Dow Chemical Company, Koninklijke DSM N.V., Jarchem Innovative Ingredients, Syngenta, Evonik Nutrition & Care GmbH, Cargill Inc., Showa Denko K. K., Ajinomoto Co., Inc., and Prinova U.S. LLC.

Key Drivers for Glycine Demand

  • Growing awareness of glycine’s health benefits, such as its role in enhancing muscular growth, supporting cognitive function, and improving sleep quality, is driving demand for glycine-based supplements and nutraceuticals.
  • In addition, glycine is used in animal feed to increase feed conversion efficiency and overall animal health. As global demand for meat and dairy products grows, the usage of glycine in animal nutrition is likely to increase.
  • Moreover, global population growth is boosting food and pharmaceutical consumption, which directly increases demand for glycine.
  • Furthermore, advances in production technologies, such as fermentation and chemical synthesis, are resulting in more cost-effective and efficient glycine production, which is stimulating market expansion by making glycine more accessible and inexpensive.

Key Challenges Inhibiting Demand for Glycine

  • Price fluctuations in raw materials required to make glycine, such as soybean oil or ammonium, might affect production costs and, as a result, market stability.
  • Moreover, natural disasters, transportation challenges, or political instability in major manufacturing countries can all cause supply chain delays and price hikes, thereby harming market growth.

Key Challenges & Opportunities for Glycine Manufacturers

  • Product quality is critical for consumer satisfaction, so maintaining constant glycine quality can be difficult due to variances in raw materials, manufacturing techniques, and environmental conditions.
  • However, the sports and fitness company is seeing rapid expansion. Glycine is regarded in sports nutrition for its ability to increase muscle repair, muscle pain, and sleep quality, thereby boosting market growth.

Country/Region-wise Insights

US Glycine Market Forecast 

  • Rising consumer health consciousness has resulted in an increase in dietary supplement intake in the US market, which is projected to observe significant growth in the estimated period.
  • In addition, initiatives aimed at improving production processes and researching new uses for glycine are predicted to significantly contribute to its market growth.

Europe Glycine Market Outlook 

  • The increased emphasis on environmentally friendly and organic products in the Europe market is anticipated to drive sales in the market over the assessment period. The Europe glycine market is likely to account for 31.7% of the total market share.
  • Moreover, ongoing research and development efforts to unlock the full potential of glycine in a variety of new products are projected to drive market growth.

Japan Glycine Market Forecast

  • Growing awareness of the numerous health benefits of glycine consumption, which is boosting its demand in a variety of applications such as nutritional supplements, food and beverage, and medicines in the Japan market, is anticipated to drive the market over the forecasted period.
  • Additionally, the expanding health-conscious customer base in Japan is driving demand for nutritional supplements and functional foods, which is boosting the glycine market’s prospects.

China & India Glycine Market Forecast

  • The rising population has increased demand for glycine-containing products in the China & India markets is anticipated to fuel the market over the forecast period.
  • In addition, the rising pharmaceutical and nutraceutical sectors in these markets are driving up demand for glycine, given its vital role in drug formulations and dietary supplements.

Glycine Market Outlook & Forecast by Segmentation

By Grade

Based on grade, the technical grade segment is expected to remain at the forefront of glycine market share over the assessment period. The growth is mainly because the agricultural and animal feed sectors rely on technical grade glycine as a low-cost source of amino acids. These industries have a high demand for glycine as a nutritional supplement for animals and plants. Technical grade glycine meets these requirements effectively.

Furthermore, firms that use glycine in their operations frequently demand high levels of purity and quality in order to meet regulatory criteria. Technical grade glycine is prepared using strict quality control techniques to ensure that it meets these specifications. This makes it a popular choice in areas where quality is critical.

By End Use

Based on end use, the food & beverage segment is set to account for 57.0% of the glycine market share over the assessment period. The growth is mostly because the worldwide population and disposable incomes are increasing, and there is a constant demand for a wide range of food and beverage items, which drives the demand for glycine as an ingredient.

In addition, the beverage sector has seen an increase in the production of functional and fortified beverages. Glycine can be added to these drinks to improve their nutritional profile and provide health benefits. For instance, it can be found in energy drinks, sports drinks, and relaxation drinks.

Which Company Owns the Largest Share in the Glycine Market?

The key companies in the glycine market are Guangrong Chemical, The Dow Chemical Company, Koninklijke DSM N.V., Jarchem Innovative Ingredients, Syngenta, Evonik Nutrition & Care GmbH, Cargill Inc., Showa Denko K. K., Ajinomoto Co., Inc., and Prinova U.S. LLC.

Recent Developments:

  • In December 2021, Syngenta, an agricultural science and technology provider, launched Kesuda Isopropylamine Salt of N-Glycine 41% as a glyphosate product for the Chinese market.
  • In October 2021, Jarchem Innovative Ingredients, a prominent manufacturer and global provider of one-of-a-kind specialty chemicals and natural resources, announced the launch of four new products: Glycine Derived Surfactants, Hydrating Hyaluronic Complex, Liquid Polyhydroxystearic Acid, and Structuring and Texturizing Agent.
  • In May 2019, Evonik Nutrition & Care GmbH, a healthcare division of Evonik Industries, announced a 12% increase in the price of glycine.

As per our analysis, the companies that hold the largest share in the market are

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Showa Denko K. K.

Founded in 1939 and with headquarters in Tokyo, Japan, it is a chemical corporation that manufactures chemicals and industrial materials.

Ajinomoto Co., Inc.

Founded in 1909 and headquartered in Chuo City, Tokyo, Japan, it is an international food and biotechnology corporation.

The Dow Chemical Company

Founded in 1897 and with headquarters in Midland, Michigan, United States, it is a materials science pioneer committed to providing customers with innovative and environmentally friendly options in packaging, infrastructure, and consumer care.

Prinova U.S. LLC

Founded in 1978 and located in Hanover Park, Illinois, United States, it is an ingredient and flavor solutions provider for the worldwide food, feed, and wellness industries.

Koninklijke DSM N.V.

Established in 1902 and with headquarters in Heerlen, Netherlands, it is a multinational firm that operates in the health, nutrition, and materials industries.

What Makes this Report More Insightful than Others?

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1.1. Research Scope And Premise

1.2. Research Methodology

1.3. Market Estimation

2.1. Summary Snapshot, 2023 - 2033

4.1. Glycine Market Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market Indicators Analysis

4.2.2. Market Drivers Analysis

4.2.3. Market Restraints Analysis

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Etop Analysis

4.6. Porter’s Five Forces Analysis

4.7. Price Trend Analysis

4.8. Customer Mapping

4.9. Global Recession Influence

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2023-2033

5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2023-2033

5.3.1. Food Grade

5.3.2. Pharmaceutical Grade

5.3.3. Technical Grade

5.4. Y-o-Y Growth Trends Analysis By Grade, 2023- 2033

5.5. Absolute $ Opportunity By Grade, 2023- 2033

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2023-2033

6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2023-2033

6.3.1. Pharmaceutical

6.3.2. Agrochemicals

6.3.3. Food & Beverages

6.3.4. Cosmetics

6.3.5. Others

6.4. Y-o-Y Growth Trends Analysis By End Use, 2023- 2033

6.5. Absolute $ Opportunity By End Use, 2023- 2033

7.1. Introduction

7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033

7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033

7.3.1. North America

7.3.2. Latin America

7.3.3. Western Europe

7.3.4. Eastern Europe

7.3.5. South Asia and Pacific

7.3.6. East Asia

7.3.7. Middle East and Africa

7.4. Market Attractiveness Analysis By Region

8.1. Market Revenue Share By Manufacturers

8.2. Manufacturing Cost Breakdown Analysis

8.3. Mergers & Acquisitions

8.4. Market Positioning

8.5. Strategy Benchmarking

8.6. Vendor Landscape

9.1. Guangrong Chemical

9.1.1 Company Overview

9.1.2 Financial Performance

9.1.3 Technology Insights

9.1.4 Strategic Initiatives

9.2. The Dow Chemical Company

9.2.1 Company Overview

9.2.2 Financial Performance

9.2.3 Technology Insights

9.2.4 Strategic Initiatives

9.3. Koninklijke DSM N.V.

9.3.1 Company Overview

9.3.2 Financial Performance

9.3.3 Technology Insights

9.3.4 Strategic Initiatives

9.4. Jarchem Innovative Ingredients

9.4.1 Company Overview

9.4.2 Financial Performance

9.4.3 Technology Insights

9.4.4 Strategic Initiatives

9.5. Syngenta

9.5.1 Company Overview

9.5.2 Financial Performance

9.5.3 Technology Insights

9.5.4 Strategic Initiatives

9.6. Evonik Nutrition & Care GmbH

9.6.1 Company Overview

9.6.2 Financial Performance

9.6.3 Technology Insights

9.6.4 Strategic Initiatives

9.7. Cargill Inc.

9.7.1 Company Overview

9.7.2 Financial Performance

9.7.3 Technology Insights

9.7.4 Strategic Initiatives

9.8. Showa Denko K. K.

9.8.1 Company Overview

9.8.2 Financial Performance

9.8.3 Technology Insights

9.8.4 Strategic Initiatives

9.9. Ajinomoto Co., Inc.

9.9.1 Company Overview

9.9.2 Financial Performance

9.9.3 Technology Insights

9.9.4 Strategic Initiatives

9.10. Prinova U.S. LLC

9.10.1 Company Overview

9.10.2 Financial Performance

9.10.3 Technology Insights

9.10.4 Strategic Initiatives