The sales in the global glycine market are anticipated to surpass a valuation of US$ 700 Mn by 2021, rising at a CAGR of around 4% to 5% during the forecast period 2022-2032. The demand for glycine is expected to reach US$ 1050 Mn by the end of 2032, in comparison to the US$ 660 Mn registered in the year 2021. North America is expected to account for nearly 1/3rd of glycine sales through 2032.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Glycine market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Glycine market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Glycine Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Glycine market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Glycine market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Glycine market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Glycine Market: Segmentation
By Grade:
- Food Grade
- Tech Grade
- Pharma Grade
By End Use:
- Food & Beverage Industry
- Pesticides Industry
- Pharmaceuticals Industry
- Feed Industry
- Cosmetics Industry
- Dietary Supplements Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Glycine Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Glycine market. Competitive information detailed in the Glycine market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Glycine market report.
Key players covered in the report include:
Some of the leading players in the glycine market are Ajinomoto, GEO Specialty Chemicals, Yuki Gosei Kogyo, Guangrong Chemical, Showa Denko KK, Chattem Chemicals, Evonik, Paras Intermediates Private Limited, Linxi Hongtai, Shijiazhuang Donghua Jinlong Chemical, Zhenxing Chemical, Hebei Donghua Jiheng Chemical, Hubei Xingfa Chemicals Group, and others.
Important Questions Answered in the Glycine Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Glycine market been expanding during the forecast period?
- How will the global Glycine market look like by the end of the forecast period?
- What innovative strategies are adopted by Glycine market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Glycine market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Glycine market
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