Glycine Market Updates by 2031
Analyst Perspective
The global glycine market is expected to register a CAGR of 3.4%. The glycine market is expected to grow in the forecasted period, driven by growing demand from the food and beverage industry, increasing pharmaceutical use, and rising disposable incomes. Glycine has a wide range of applications beyond traditional uses. Growth in sectors like personal care, nutraceuticals, and pesticides provides avenues for market expansion. Technological advancements, rising disposable incomes, and a focus on health and wellness are significant opportunities for the growth of the glycine market. Volatile pricing, intense competition, and regulatory hurdles are significant challenges that may hamper glycine market growth.
Market Overview
Glycine is a sweet-tasting amino acid naturally present in protein-rich foods like fish, meat, and dairy. It is produced commercially through reactions involving chloroacetic acid and ammonia or the Strecker amino acid synthesis method. Glycine is gaining significant traction in the pharmaceutical industry, driving the surge in market demand. Its versatile nature allows for both oral and injectable applications. In pharmaceutical-grade products, glycine enhances absorption, acting as sweeteners, emollients, emulsifiers, solubilizing agents, and stabilizers. The rising disposable incomes and changing lifestyles in developing countries lead to a greater demand for processed foods, beverages, and cosmetic products, indirectly driving the demand for glycine. Technological advancements in glycine production lead to lower production costs and high purity levels, making glycine more accessible and attractive to users.
Market Drivers
- Glycine is used as a sweetener, flavour enhancer, and bulking agent in various food and beverage products, such as soft drinks, juices, and ice cream. The rising demand for processed foods and beverages, particularly in emerging economies, is driving the growth of the glycine market.
- Glycine is used in various pharmaceutical applications, such as the production of bile acid sequestrants, which are used to lower cholesterol levels, and as a co-solvent in some injectable drugs. The rising aging population and the increasing prevalence of chronic diseases are expected to boost the demand for glycine in the pharmaceutical industry.
- Glycine is used in various cosmetic and personal care products, such as soaps, shampoos, and lotions, as a humectant and a skin conditioning agent. The growing demand for natural and organic personal care products is driving the use of glycine in the industry.
Market Segmentation
The global glycine market is segmented based on grade, application, and end-use. The global glycine market is segmented based on grade into food grade, pharmaceutical grade, and technical grade. The glycine market is segmented based on application into feed and food additives, pH buffers and stabilizers, pharmaceutical ingredients, chemical intermediate, and others. The glycine market is segmented based on end-use into food & beverages, cosmetics & personal care, pharmaceuticals, chemical intermediate, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global glycine market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The glycine market by region is also sub-segmented by respective countries and segments. The glycine market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the glycine market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the glycine market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the glycine market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the glycine market are anticipated to have lucrative growth opportunities with the growing demand from personal care and cosmetics industry in the global market.
The report includes key companies' profiles, SWOT analysis, and glycine market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the glycine market.
- Ajinomoto
- Chattem Chemicals
- Phion Ltd
- Amino GMBH
- Geo Speciality Chemicals
- Yuki Gosei Kogyo
- Evonik Industries
- Premium Ingredients
- Merck
- Showa Denko
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glycine Market - By Grade
1.3.2 Glycine Market - By Application
1.3.3 Glycine Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. GLYCINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GLYCINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GLYCINE MARKET - GLOBAL MARKET ANALYSIS
6.1. GLYCINE - GLOBAL MARKET OVERVIEW
6.2. GLYCINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLYCINE MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. FOOD GRADE
7.3.1. Overview
7.3.2. Food Grade Market Forecast and Analysis
7.4. PHARMACEUTICAL GRADE
7.4.1. Overview
7.4.2. Pharmaceutical Grade Market Forecast and Analysis
7.5. TECHNICAL GRADE
7.5.1. Overview
7.5.2. Technical Grade Market Forecast and Analysis
8. GLYCINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD & BEVERAGES
8.3.1. Overview
8.3.2. Food & Beverages Market Forecast and Analysis
8.4. COSMETICS & PERSONAL CARE
8.4.1. Overview
8.4.2. Cosmetics & Personal Care Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. CHEMICAL INTERMEDIATE
8.6.1. Overview
8.6.2. Chemical Intermediate Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GLYCINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Glycine Market Overview
9.1.2 North America Glycine Market Forecasts and Analysis
9.1.3 North America Glycine Market Forecasts and Analysis - By Grade
9.1.4 North America Glycine Market Forecasts and Analysis - By Application
9.1.5 North America Glycine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Glycine Market
9.1.5.1.1 United States Glycine Market by Grade
9.1.5.1.2 United States Glycine Market by Application
9.1.5.2 Canada Glycine Market
9.1.5.2.1 Canada Glycine Market by Grade
9.1.5.2.2 Canada Glycine Market by Application
9.1.5.3 Mexico Glycine Market
9.1.5.3.1 Mexico Glycine Market by Grade
9.1.5.3.2 Mexico Glycine Market by Application
9.2. EUROPE
9.2.1 Europe Glycine Market Overview
9.2.2 Europe Glycine Market Forecasts and Analysis
9.2.3 Europe Glycine Market Forecasts and Analysis - By Grade
9.2.4 Europe Glycine Market Forecasts and Analysis - By Application
9.2.5 Europe Glycine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Glycine Market
9.2.5.1.1 Germany Glycine Market by Grade
9.2.5.1.2 Germany Glycine Market by Application
9.2.5.2 France Glycine Market
9.2.5.2.1 France Glycine Market by Grade
9.2.5.2.2 France Glycine Market by Application
9.2.5.3 Italy Glycine Market
9.2.5.3.1 Italy Glycine Market by Grade
9.2.5.3.2 Italy Glycine Market by Application
9.2.5.4 United Kingdom Glycine Market
9.2.5.4.1 United Kingdom Glycine Market by Grade
9.2.5.4.2 United Kingdom Glycine Market by Application
9.2.5.5 Russia Glycine Market
9.2.5.5.1 Russia Glycine Market by Grade
9.2.5.5.2 Russia Glycine Market by Application
9.2.5.6 Rest of Europe Glycine Market
9.2.5.6.1 Rest of Europe Glycine Market by Grade
9.2.5.6.2 Rest of Europe Glycine Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Glycine Market Overview
9.3.2 Asia-Pacific Glycine Market Forecasts and Analysis
9.3.3 Asia-Pacific Glycine Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Glycine Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Glycine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Glycine Market
9.3.5.1.1 Australia Glycine Market by Grade
9.3.5.1.2 Australia Glycine Market by Application
9.3.5.2 China Glycine Market
9.3.5.2.1 China Glycine Market by Grade
9.3.5.2.2 China Glycine Market by Application
9.3.5.3 India Glycine Market
9.3.5.3.1 India Glycine Market by Grade
9.3.5.3.2 India Glycine Market by Application
9.3.5.4 Japan Glycine Market
9.3.5.4.1 Japan Glycine Market by Grade
9.3.5.4.2 Japan Glycine Market by Application
9.3.5.5 South Korea Glycine Market
9.3.5.5.1 South Korea Glycine Market by Grade
9.3.5.5.2 South Korea Glycine Market by Application
9.3.5.6 Rest of Asia-Pacific Glycine Market
9.3.5.6.1 Rest of Asia-Pacific Glycine Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Glycine Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Glycine Market Overview
9.4.2 Middle East and Africa Glycine Market Forecasts and Analysis
9.4.3 Middle East and Africa Glycine Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Glycine Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Glycine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Glycine Market
9.4.5.1.1 South Africa Glycine Market by Grade
9.4.5.1.2 South Africa Glycine Market by Application
9.4.5.2 Saudi Arabia Glycine Market
9.4.5.2.1 Saudi Arabia Glycine Market by Grade
9.4.5.2.2 Saudi Arabia Glycine Market by Application
9.4.5.3 U.A.E Glycine Market
9.4.5.3.1 U.A.E Glycine Market by Grade
9.4.5.3.2 U.A.E Glycine Market by Application
9.4.5.4 Rest of Middle East and Africa Glycine Market
9.4.5.4.1 Rest of Middle East and Africa Glycine Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Glycine Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Glycine Market Overview
9.5.2 South and Central America Glycine Market Forecasts and Analysis
9.5.3 South and Central America Glycine Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Glycine Market Forecasts and Analysis - By Application
9.5.5 South and Central America Glycine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Glycine Market
9.5.5.1.1 Brazil Glycine Market by Grade
9.5.5.1.2 Brazil Glycine Market by Application
9.5.5.2 Argentina Glycine Market
9.5.5.2.1 Argentina Glycine Market by Grade
9.5.5.2.2 Argentina Glycine Market by Application
9.5.5.3 Rest of South and Central America Glycine Market
9.5.5.3.1 Rest of South and Central America Glycine Market by Grade
9.5.5.3.2 Rest of South and Central America Glycine Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GLYCINE MARKET, KEY COMPANY PROFILES
11.1. AJINOMOTO NORTH AMERICA, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMINO GMBH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHATTEM CHEMICALS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EVONIK INDUSTRIES AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GEO SPECIALTY CHEMICALS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NANTONG GUANGRONG CHEMICAL CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PREMIUM INGREDIENT CO., LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PRINOVA GROUP LLC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHOWA DENKO K.K.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YUKI GOSEI KOGYO CO.,LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Ajinomoto North America, Inc.
2. AMINO GmbH
3. Chattem Chemicals, Inc.
4. Evonik Industries AG
5. GEO Specialty Chemicals, Inc.
6. Nantong Guangrong Chemical Co., Ltd.
7. Premium Ingredient Co., Ltd
8. Prinova Group LLC.
9. SHOWA DENKO K.K.
10. YUKI GOSEI KOGYO CO.,LTD.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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