Glycinates Market Size, Share and Analysis By Form (Dry, Liquid, Others), By Applications (FoodsBeverages, Nutraceuticals, Animal feed , Others) and Regional Forecast, 2024-2032

Glycinates, are byproducts, derived from any salts or esters of glycine, and, therefore, widely used in food and beverage, healthcare, and animal feed domains. The rise in health-consciousness and environmental welfare concerns have increased the consumers inclination towards plant based products across the globe. The growing adoption of plant-based products is majorly driven due to mineral deficiency and unavailability which has necessitated manufacturers to develop glycinate-enriched or glycinate-fortified products.

Glycinates are the richest sources of magnesium, zinc, copper, iron and essential amino acids which majorly drives its demand in the market. Moreover, due to the high concern regarding animal feed sectors, is owing to the rising awareness in meat and animal food sectors are some of the driving factors for the acceptance of glycinates worldwide. Glycinate rich diets is found to be useful in maintaining the overall health of the consumers. It also minimizes the risk of cardiovascular diseases and blood pressure, thus, increases the consumption of glycinates in the market. The presence of large number of companies offering glycintes in the market such as Solvay SA, NovoTech Nutraceuticals, BASF SE Inc., Albion Laboratories, Inc., further enhances the glycinates market growth.

Impact of COVID-19 on Glycinates Market

During the phase of pandemic, a drastic disruption has been observed in the glycinate food market. These disruptions have posed a serious threat on the nutritional status of the individuals. Such changes have forced the consumers to become more aware about their health and dietary options, which in turn, increased the demand for glycinate-rich products globally. In addition, the consumption of glycinate supplements has been observed to be largely effective in post-COVID-19 recovery, creating more awareness about the glycinate market.  

Key Insights

The report will cover the following insights:

• Overview of parent/ related market


• Key growth strategies by Glycinate manufacturers


• Regulatory Analysis


• New Product Launches and Key Market Players  


• Impact of COVID-19 on Glycinates Market

Analysis by Application

Based on the applications, the market is segmented into foods & beverages, nutraceuticals, and animal feed. The growing adoption of plant-based minerals and rising awareness about serious-health disorders further enhances the demand of glycinates in the food industry. Glycinates such as sodium glycinate, ammonium glycinate, copper glycinate, iron glycinate, zinc glycinate, and magnesium glycinate are the most common forms of glycinates that are preferred to stabilize the mineral levels in the body. Therefore, major glycinate manufacturers are focusing on developing innovative glycinate-enriched products such as glycinate enriched drinks to capitalize on the growing demand among consumers.

Regional Analysis

North America is the fastest growing region for glycinate product market. The rising demand for veganism and awareness about nutritious food products, further enhances the glycinate market segment growth. Asia-Pacific and Europe already has a growing demand of veganism/vegetarianism, and, thus, witnessed a substantial growth in the glycinate market.

Key Players

This report includes the profile of prominent key players such as Ajinomoto Co., Inc. (Japan), Clariant AG (Switzerland), Solvay SA (Belgium), BASF SE (Germany), NovoTech Nutraceuticals Inc. (U.S.), Dunstan Nutrition Ltd. (New Zealand), Albion Laboratories, Inc. (U.S.), Aliphos Belgium SA/ NV (Belgium), Shijiazhuang Donghua Jinlong Chemical Co Ltd. and Schaumann GmbH & Co. KG. (Germany).

Segmentation

Key Industrial Developments

• July 2022, Avitech Nutrition launches the brand Performins, an organic blend of Glycinates in the market. Major use has been observed in animal feeds which acts as enhancers for the animal feeds.


• January 2022, U.K. based company OHMG, has announced the launch of a world’s first magnesium blend drink. This drink is enriched with three types of glycinates such as Magnesium Threonate, Magnesium Citrate and Magnesium Glycinate that acts as de- stress remedy in order to release the stress and anxiety levels.