Glycinates Industry with Regional Portfolio, Gross Margin, Key Driven, Opportunities | Forecast
Market Overview:
Increasing demand for dietary supplements
and nutritive food & feed is one of the major factors contributing to the
growth of the global glycinates market share. Additionally, the increasing
demand for functional food & beverage and high-performance feed products
has surged the demand for glycinates at a global level. Glycinates are serving
as an important additive in most of the food, beverage, supplements, and animal
feed products. Availability of glycinates in various forms has influenced the
demand from various industries apart from food & feed industry.
Competitive analysis
The major players in the 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)
- Albion Laboratories, Inc. (U.S.)
Market Forecast:
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.
Furthermore, improved processing methods
and demand for nutritive food products in the developing countries are
positively supporting the growth of the global market. Additionally,
restriction on the use of antibiotics in food & feed formulations in the
North American & European region is adding fuel to the market growth.
However, fluctuating prices of raw material and high cost incurred on the
industrial setup may hamper the growth of the market. Nevertheless, all these
factors are projected to contribute to the estimated CAGR of 5.5% of the glycinates
market analysis during the forecast period 2017-2023.
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Downstream analysis:
The global glycinates
industry is segmented into type, form, and application.
On the basis of the type, it is segmented
into zinc, copper, manganese, magnesium, calcium, sodium, and others. Among
all, the magnesium glycinate segment is dominating the market.
On the basis of the form, it is segmented
into liquid, powder, and others. Among all, the powder segment holds the major
market share due to its wide range product applicability including food,
beverages, feed, supplements, and others.
On the basis of the application, it is
segmented into foods, beverages, nutraceuticals, animal feed, and others. Among
all, the feed segment is dominating the market.
Regional Analysis:
The global glycinates Industry is segmented
into North America, Europe, Asia Pacific, and rest of the world (RoW). The North
American region is dominating the glycinates market followed by Europe.
Increased demand for feed & food additives in the developed countries such
as the U.S., the U.K, Germany and France has uplifted the glycinates market.
Furthermore, the major key players are continuously involved in R&D
activities to come up with new & enhanced products for wide range
applicability.
Moreover, increasing demand for glycinates
in foods, beverages, and dietary supplements is supporting the growth of
glycinates market in countries including India & China of the Asia Pacific
region.
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