Food and Beverages

Glycinates Market is estimated to grow at a CAGR of 5.5% and Forecast to 2023

Glycinates Market
Glycinates Market

The global glycinates market share in the foods & feed industry is intensifying by the growing demand for functional food & feed additives in the developed & developing countries. Glycinates are found to have wide application in food & feed, amongst which the application in the production of functional food & beverages is increasing at a higher rate. Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible for the growth of glycinates market.

Global Key Players and Competition Analysis

Some of the key players profiled in the global glycinates market: Ajinomoto Co., Inc. (Japan), Clariant AG (Switzerland), Solvay SA (Belgium), BASF SE (Germany), NovoTech Nutraceuticals Inc. (U.S.), Dunstan Nutrition Ltd. (New Zealand), Shijiazhuang Donghua Jinlong Chemical Co Ltd. (China), Schaumann GmbH & Co. KG. (Germany), Aliphos Belgium SA/NV (Belgium), and Albion Laboratories, Inc. (U.S.)

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Segmentation Analysis

The global glycinates market is segmented into type, form, and application. Based on the type, it is segmented into zinc, copper, manganese, magnesium, calcium, sodium, and others. Based on the form, it is segmented into liquid, powder, and others. Based on the application, it is segmented into foods, beverages, nutraceuticals, animal feed, and others.

Regional Analysis

The global Glycinates Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the glycinates market followed by Europe. The U.S. in the North American region is experiencing a high demand for glycinates in animal feed and dietary supplement products. Moreover, increased demand for meat and meat products in the U.K, Germany, and France is supporting the growth of the glycinates market.

Market Scope

The mounting growth rate in the population with nutrient deficiency of zinc, copper, manganese, magnesium, calcium, sodium, and other essential nutrients in the developing countries is causing an increased demand for functional foods & beverages product; this has uplifted the demand for glycinates in the foods & beverages industry.

Browse the market data and information spread across 110 pages with 25 data tables and 15 figures of the report “Glycinates Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/glycinates-market-5546

Industry News:

Nov 2017, BASF has arrived into a Distribution Agreement with Avitech Nutrition Pvt. Ltd., a leader in the field of animal nutrition in India, with expertise in feed additives, especially vitamin and mineral premixes, to extend its organically-bound trace elements (glycinates) product offering to feed producers in South Asia

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