Glycine Market: Surged Consumption Ratios in United States to Supplement Growth
Glycine Market report is an in-depth analysis study offered which explains necessary aspects like competition, segmentation, and regional growth in excessive detail. As a part of competitive analysis, the analysis study includes thorough company identification of leading players of the world Glycine Market.
Glycine Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. One of the objectives of this report is to identify the latest developments, market shares, and strategies employed by the major market players. Besides, the least competitive market niches with significant growth potential are also identified. For research methodology, secondary research, primary research, subject matter expert advice, quality check, and final review was utilized.
Global Glycine Market – Market Insights
The simplest amino acid is glycine, which is a white, sweet-tasting crystalline solid. In ethanol and ethyl ether, it is insoluble, but somewhat soluble in acetone. Because it is abundant in nature, it aids in the proper functioning of the kidneys and liver. Glycine is used in a variety of products, including food and beverages, cosmetics and personal care, pharmaceuticals, chemical intermediates, and more. It is used as an ingredient in animal feed and pet food, as well as a sweetener and in protein drinks.
Glycine is in high demand from a variety of end users, which is propelling the market growth. Glycine demand is predicted to rise as the processed food sector expands, owing to increased demand for easy-to-cook foods and quick food. Furthermore, new food ideas like “free food,” “rush-hour foods,” and others are projected to boost glycine demand in the near future. Because of the growing need for protein-rich foods, global consumption of animal products such as meat, milk, and eggs is predicted to rise. As a result, demand for glycine in animal feed will rise, propelling the glycine industry growth.
Glycine is widely used in cosmetic industry. Therefore, rising demand for cosmetic products due to change in the lifestyle of consumers will drive the glycine market growth. For instance, it has been estimated that in the U.S., over 30% of glycine is used as an additive in cosmetics and personal care products, mostly deodorants and antiperspirants.
On the basis of region, the global glycine market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America holds dominant position in the global glycine market, however, the region is witnessing stagnant growth since past few months due to the sluggish demand. High demand for packaged food and meat products makes the market in the U.S leading in this region.
Asia Pacific is the fastest growing region in the global glycine market, owing to the presence of emerging economies such as India, Japan, China, Singapore, and South Korea. Europe is expected to witness a moderate growth in the global glycine market during the forecast period, owing to sluggish growth of the end users and economic slowdown.
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Glycine Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Evonik Industries, GEO Specialty Chemicals, Inc., Showa Dekno KK, and The Dow Chemical Company.
Main points in Glycine Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Glycine Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Glycine Industry Impact
Chapter 2 Global Glycine Competition by Types, Applications, and Top Regions and Countries
2.1 Global Glycine (Volume and Value) by Type
2.3 Global Glycine (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Glycine Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Glycine Market Analysis
Chapter 6 East Asia Glycine Market Analysis
Chapter 7 Europe Glycine Market Analysis
Chapter 8 South Asia Glycine Market Analysis
Chapter 9 Southeast Asia Glycine Market Analysis
Chapter 10 Middle East Glycine Market Analysis
Chapter 11 Africa Glycine Market Analysis
Chapter 12 Oceania Glycine Market Analysis
Chapter 13 South America Glycine Market Analysis
Chapter 14 Company Profiles and Key Figures in Glycine Business
Chapter 15 Global Glycine Market Forecast (2021-2027)
Chapter 16 Conclusions
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