Glycinates Market is estimated to reach a market size worth US$1209.232 million by 2026

DALLAS - March 23, 2022 - PRLog -- The prime factor driving the growth of the Glycinates Market is the expansion of feed & personal care industries, the rising need for chelated minerals in food supplements & the rising shortage of minerals are some of the major driving factors driving the demand for the glycinates market.

As per the report, the Glycinates Market is projected to grow at a CAGR of 3.98% to reach US$1,209.232 million by 2026, from US$920.443 million in 2019.

Glycine is an amino acid also known as proteinogenic amino acid, found in food and is also produced by the human body. It is essential for the body's synthesis. Glycine provides humans & animals with health benefits like used in treating schizophrenia, stroke & others. It's also used to protect liver & kidney from side-effects of certain drugs after organ transplantation. Glycine is found in food like meat, fish, dairy & legumes. The increasing cost in R&D can limit the market growth as well as the increasing price of raw materials.

Based on application, glycine is used in food additives, personal care products, feed additives & pharmaceuticals.  Glycine is used as a sweetener in pharmaceuticals to improve gastric problems, food additives containing proteins is used as seasonings and widely found in nature in seafood such as urchin, prawn etc. The personal care & cosmetic products is creating more demand for glycinate & is a prominent factor to drive the growth in the forecast period.

Based on form, glycine is available in both liquid and dry form. It's a sweet, colorless liquid used by pharmaceuticals in medicines used to resolve stomach issues & in powder form such as collagen in skincare products like anti-aging cream. Various health benefits & advantages associated with the consumption of glycine is driving the growth in the coming years.

Based on type, Glycine is found in Manganese Glycinate, Sodium glycinate, Zinc, copper & calcium glycinate.  An increase in the number of mineral deficiency instances, as well as companies focusing on producing and selling manganese glycinate that may heal the deficiency in customers, is another reason driving the market forward.

Based on geography segmentation, the North American region is expected to show high mainly led by the factors like more aging groups, increasing population, and growing health awareness amongst the people. Also, COVID posed high maintenance on humans in keeping good health and hence high demand for glycine.

As a part of the report, the major players operating in the glycinates market that have been covered are. BASF,  Solvay, Clariant, Ajinomoto, Galaxy surfactants, Aliphos, Novotech Nutraceuticals, Dunstan Nutrition, Chaitanya Chemicals, Albion laboratories.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/glycinates-market.