The global glycine market is experiencing a robust growth trajectory, with sales expected to exceed a valuation of USD 700 million by 2022. Forecasts suggest a steady compound annual growth rate (CAGR) of around 4% to 5% during the period from 2022 to 2032. By the end of this period, the demand for glycine is anticipated to reach an impressive USD 1050 million, marking a significant rise from the USD 660 million recorded in 2021.
Glycine, often referred to by its abbreviation “Gly,” is the simplest amino acid, distinguished by its single hydrogen atom. It is a naturally abundant, colorless, and transparent solid with a sweet, sugar-like flavor and is water-soluble. Glycine is crucial as a building block of proteins and is widely used to produce proteins in the human body. The increasing consumption of glycine across various sectors, particularly in animal feed, pharmaceuticals, and food and beverages, is driving market demand.
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Several factors are propelling the growth of the global glycine market:
- The increasing demand for meat and animal-derived products such as wool, leather, and horn is driving the growth in cattle populations, including sheep, goats, and buffaloes. Glycine, used as a nutritional supplement in animal feed due to its metabolic regulatory properties, is seeing heightened demand in response to this trend.
- Various governments are implementing initiatives to boost cattle population and breeding activities, further augmenting the demand for glycine in the market.
Despite its promising growth, the glycine market faces several challenges:
- The consumption of glycine can lead to side effects such as nausea, drowsiness, vomiting, stomach upset, and diarrhea, discouraging its use in animal feeds, food and beverages, and dietary supplements.
- The presence of alternative substances like arginine and other solubilizing agents, emulsifiers, and sweeteners in the cosmetics and food & beverage sectors is impeding glycine sales.
Key Trends in the Market
- Glycine’s antimicrobial properties make it valuable in the pharmaceutical industry, particularly for treating mental disorders like schizophrenia and as a protective agent for kidneys post-transplantation.
- The ongoing rise in cattle populations globally and the corresponding need for nutritional supplements in animal feed continue to drive glycine demand.
Market Competition
The global glycine market is highly competitive, with leading players such as 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, and Hubei Xingfa Chemicals Group at the forefront. These companies are focusing on strategies like capacity expansion, collaborations, and mergers & acquisitions to gain a competitive edge.
Key Segments Profiled in the Glycine Market Survey
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
Country-wise Analysis
North America
North America is set to dominate the glycine market, accounting for nearly one-third of global sales through 2032. The region’s growth is fueled by changing lifestyles and eating habits, leading to a rise in metabolic syndrome and sleep disorders. For example, the American Sleep Association reports that approximately 50 to 70 million people in the U.S. have sleep disorders, with 25 million adults suffering from obstructive sleep apnea. Glycine’s use in medications for these conditions is expected to significantly drive market growth.
South Asia
The South Asia glycine market is projected to grow at a rapid pace during the forecast period. Glycine’s popularity in the pharmaceutical sector, due to its antimicrobial properties, is a key driver. Its use in treating mental disorders and as a therapeutic agent for protecting kidneys post-transplantation is boosting demand. Countries like China, Japan, and South Korea are witnessing a rise in organ transplantation procedures, further augmenting glycine sales.
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