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    Glycine Market

    ID: MRFR/CnM/3769-CR
    140 Pages
    Anshula Mandaokar
    February 2024

    Glycine Market Research Report Information by Grade (Food Grade, Pharmaceutical Grade and Technical Grade) By Application (Animal Feed, Chemical and Industrial, Food Additives, Intermediate, Pharmaceutical, and Other Application) By End-Users (Agriculture, Chemical & Industries, Cosmetics & Personal care, Food & Beverages, Pharmaceutical and Other End-User) and By Region -Global Forecast to 2032

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    Glycine Market Research Report - Global Forecast till 2032 Infographic
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    Glycine Market Summary

    As per Market Research Future Analysis, the Global Glycine Market was valued at USD 5,010.05 Million in 2023 and is projected to grow to USD 8,204.9 Million by 2032, with a CAGR of 5.2% from 2024 to 2032. Glycine, the simplest amino acid, is crucial in various biological and industrial applications, including pharmaceuticals, food and beverages, and cosmetics. The pharmaceutical sector is a significant driver of demand, utilizing glycine for drug formulations and medical applications. The market is characterized by a growing emphasis on sustainable products, with increasing consumer awareness influencing demand for eco-friendly solutions. Major players like Ajinomoto Co., Inc., GEO Specialty Chemicals, and Chattem Chemicals, Inc. are shaping the industry landscape, while technological advancements in production are enhancing efficiency and reducing costs.

    Key Market Trends & Highlights

    Key trends driving the glycine market include sustainability, pharmaceutical expansion, and technological advancements.

    • Growing demand for sustainable products is reshaping the glycine industry, aligning with consumer preferences for eco-friendly solutions.
    • The pharmaceutical industry is expanding, increasing the demand for pharmaceutical-grade glycine, crucial for drug formulations.
    • Technological advancements in glycine production are enhancing efficiency and reducing costs, fostering market growth.

    Market Size & Forecast

    2023 Market Size USD 5,010.05 Million
    2024 Market Size USD 5,262.15 Million
    2032 Market Size USD 8,204.9 Million
    CAGR (2024-2032) 5.2%

    Major Players

    Ajinomoto Co., Inc., Evonik Industries AG, Spectrum Chemical, GEO Specialty Chemicals, Chattem Chemicals, Inc.

    Glycine Market Trends

      • Growing demand for sustainable products

    The growing demand for sustainable products represents a powerful driver propelling the glycine industry into a new era of consumer-centric and environmentally conscious practices. This trend is a reflection of shifting consumer values and a heightened awareness of the environmental impact of their purchasing decisions. As sustainability takes center stage in global consciousness, glycine emerges as a key player meeting the demands for eco-friendly solutions across diverse industries.

    Consumer awareness has become a pivotal force steering the demand for sustainable products, and glycine, as a versatile compound, is at the forefront of this movement. In the food industry, where clean labels and natural ingredients are highly valued, glycine serves as an essential component. Its application as a food additive aligns seamlessly with consumer preferences for products that are not only safe and healthy but also environmentally sustainable. The demand for natural additives like glycine is driven by a desire for transparency in food production and a commitment to reducing the ecological footprint associated with food consumption.

    This deal will focus on collaborative solutions that combine IAI’s ELTA Systems’ Scorpius EW technology with MBDA Germany’s competence in air defense systems and training. By so doing, the joint venture goal is to equip the Bundeswehr with advanced surface-based electronic air defense jammers as well as threat emulators for EW training, through which they would be able to handle multiple simultaneous threats across various frequencies.

    Expanding Pharmaceutical Industry

    The expanding pharmaceutical industry stands as a formidable driver behind the increasing demand for pharmaceutical-grade glycine, highlighting its indispensable role in healthcare applications. This driver is rooted in the dynamic growth and continuous innovation within the pharmaceutical sector, where glycine plays a crucial role in various aspects of drug formulations and medical applications.

    As the pharmaceutical industry experiences robust expansion, driven by factors such as an aging population, increased prevalence of chronic diseases, and advancements in medical research, the demand for pharmaceutical-grade glycine escalates accordingly. Glycine, as an amino acid, is recognized for its unique properties that contribute to drug development and formulations. Its inclusion in pharmaceutical processes is multifaceted, ranging from acting as a stabilizer in formulations to facilitating the delivery of active pharmaceutical ingredients (APIs).

    One key application of pharmaceutical-grade glycine lies in its role as a stabilizer in drug formulations. Glycine's stabilizing properties are particularly valuable in protein-based drugs and biopharmaceuticals, where maintaining the stability of complex molecules is crucial for therapeutic efficacy. This stabilizing function enhances the shelf life of pharmaceutical products, ensuring their integrity and effectiveness from production to patient administration.August 2023- the latest pet wellness brand, Vitail, has announced the official launch on July 24, introducing its first product: supplements for dogs.

    Made with an extraordinary blend of amino acids, the soft chew supplements are intended to support joint health, immune function, and digestive health. As per Vitail's statement, its supplements are made using a higher quantity of active ingredients than any other dog supplement available on the market at present. The brand precisely concentrates on amino acids in its supplements, which have been presented to be crucial for supporting normal bodily function, mood regulation, and muscle strength. In addition, the supplements are cold-pressed, providing better nutrient absorption and higher palatability, according to Vitail.

    The president of Vitail, Ben Carter, said that at Vitail, the officials believe that there are things we, as pet parents, can do to help strengthen and enhance the vitality and longevity of the dogs' lives. He further added that feeding the dogs the right supplements is one such thing. Soft chews rely heavily on the research-backed advantages of amino acids. By fulfilling the dogs' physiological requirements with these amino acids, Vitail can help provide beloved pets with happy, energetic, and long lives. Vitail's opening supplements comprise Calming, Skin Health + Seasonal Allergy, Hip & Joint, and Gut Health.

    The supplements are made for dogs of all breeds. The Hip & Joint supplement includes chondroitin, Omega 3, glucosamine, green-lipped mussel, beta-hydroxy beta-methyl butyric acid (HMB), L-glycine, methylsulfonylmethane (MSM), and ProDura probiotics to support the development and recovery of muscles, cartilage development, joint and tendon development, and normal inflammation response.

    Technological Advancements in Production

    Technological advancements in the production of glycine constitute a significant driver that propels the overall growth of the market. These ongoing innovations are instrumental in enhancing efficiency, reducing production costs, and unlocking new avenues for diverse applications, thereby contributing to the evolution and expansion of the glycine industry.

    The advent of advanced technologies in glycine production processes has ushered in a new era of efficiency. Through the optimization of manufacturing techniques, technological innovations enable the production of glycine with higher purity and precision. Improved efficiency in the production line translates into increased output, meeting the escalating demand for glycine across various industries. Additionally, technological advancements contribute to streamlined processes, reducing production timelines and ensuring a consistent and reliable supply of glycine to the market.

    The global glycine market appears poised for growth, driven by increasing demand across diverse applications, particularly in the pharmaceutical and food sectors, which suggests a robust trajectory for future development.

    U.S. Department of Agriculture

    Glycine Market Drivers

    Market Growth Projections

    The Global Glycine Market Industry is projected to experience substantial growth, with forecasts indicating a market value of 5.26 USD Billion in 2024 and an anticipated increase to 9.55 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 5.57% from 2025 to 2035. Such projections are indicative of the diverse applications of glycine across various sectors, including pharmaceuticals, food and beverages, and animal nutrition. The increasing recognition of glycine's benefits and its expanding role in different industries suggest a dynamic and evolving market landscape.

    Regulatory Support and Standards

    Regulatory support and evolving standards play a crucial role in shaping the Global Glycine Market Industry. Governments worldwide are establishing guidelines that promote the safe use of glycine in various applications, particularly in food and pharmaceuticals. This regulatory framework fosters consumer confidence and encourages manufacturers to innovate. As compliance with these standards becomes a priority, the market is expected to benefit from increased demand for high-quality glycine products. The alignment of industry practices with regulatory requirements indicates a promising outlook for the Global Glycine Market Industry.

    Rising Demand in Pharmaceuticals

    The Global Glycine Market Industry experiences a notable surge in demand from the pharmaceutical sector. Glycine serves as a key ingredient in various medications and supplements, contributing to its increasing consumption. In 2024, the market is projected to reach 5.26 USD Billion, driven by the growing need for amino acids in drug formulations. The pharmaceutical industry's expansion, particularly in developing regions, indicates a robust growth trajectory. As healthcare systems evolve and more individuals seek preventive care, the demand for glycine-based products is likely to rise, further solidifying its position in the Global Glycine Market Industry.

    Increasing Use in Animal Nutrition

    The Global Glycine Market Industry is witnessing a substantial increase in the use of glycine in animal nutrition. Glycine is recognized for its role in enhancing the growth and health of livestock, which is crucial for meeting the rising global protein demand. As the livestock sector expands, particularly in Asia and Latin America, the need for amino acid supplementation is likely to escalate. This trend suggests a potential for significant market growth, with a projected compound annual growth rate of 5.57% from 2025 to 2035. The integration of glycine into animal feed formulations underscores its importance in the Global Glycine Market Industry.

    Growth in Food and Beverage Applications

    The Global Glycine Market Industry benefits from the expanding applications of glycine in the food and beverage sector. Glycine is utilized as a flavor enhancer and preservative, which aligns with consumer preferences for clean-label products. As the global population increases, the demand for processed foods is anticipated to rise, thereby boosting glycine consumption. The market's value is expected to grow significantly, with projections indicating a rise to 9.55 USD Billion by 2035. This growth is indicative of the evolving dietary habits and the industry's adaptation to meet consumer needs, highlighting glycine's integral role in food formulations within the Global Glycine Market Industry.

    Technological Advancements in Production

    Technological advancements in glycine production processes are influencing the Global Glycine Market Industry positively. Innovations in manufacturing techniques, such as fermentation and enzymatic processes, enhance yield and reduce production costs. These advancements not only improve the efficiency of glycine production but also contribute to sustainability efforts within the industry. As manufacturers adopt more eco-friendly practices, the market is likely to attract investments and expand its reach. This shift towards more efficient production methods aligns with the increasing global emphasis on sustainability, potentially leading to a more robust Global Glycine Market Industry.

    Market Segment Insights

    Glycine by Grade Insights

    The Glycine Market segmentation, based on Grade has been segmented as Food Grade, Pharmaceutical Grade and Technical Grade. Among these, the Pharmaceutical Grade segment is projected to dominate the Glycine Market revenue through the projected period. Pharmaceutical grade glycine holds diverse applications, making it a key component in various medical and health-related contexts. One significant use is in nutrient supplements, where glycine, despite being a non-essential amino acid, plays a crucial role in protein synthesis, collagen formation, and neurotransmitter function. It is commonly included in multivitamin and mineral supplements, catering to specific conditions such as insomnia or muscle recovery.

    In pharmaceutical formulations, glycine serves as a solubilizing agent, enhancing the solubility of other medications in water-based solutions. Additionally, it functions as a buffering agent, contributing to the maintenance of a stable pH in medications. Glycine is a pivotal building block in peptide synthesis, crucial for the development of peptides used in various drugs and diagnostics. Moreover, glycine's involvement in bile acid conjugates, aiding in the digestion and absorption of fats and cholesterol, positions it in medications targeted at treating gallstones and cholestasis.

    Glycine by Application Insights

    Based on Application, the Glycine Market is segmented as Animal Feed, Chemical and Industrial, Food Additives, Intermediate, Pharmaceutical and Other Application. Out of which the pharmaceutical segment dominated base year market and is also projected to dominate the Glycine Market revenue through the projected period.  Pharmaceutical grade glycine holds diverse applications, making it a key component in various medical and health-related contexts. One significant use is in nutrient supplements, where glycine, despite being a non-essential amino acid, plays a crucial role in protein synthesis, collagen formation, and neurotransmitter function.

    It is commonly included in multivitamin and mineral supplements, catering to specific conditions such as insomnia or muscle recovery.

    Glycine by End-Users Insights

    Based on End-Users, the Glycine Market is segmented as Agriculture, Chemical & Industries, Cosmetics & Personal care, Food & Beverages, Pharmaceutical and Other End-User. Out of which the pharmaceutical segment dominated base year market and is also projected to dominate the Glycine Market revenue through the projected period.

    The demand for pharmaceutical grade glycine is driven by multiple factors. Growing awareness of glycine's health benefits fuels its use in supplements and nutraceuticals, while the exploration of its potential in personalized medicine for conditions like diabetes and neurological disorders contributes to rising demand. Additionally, the focus on improving drug solubility and stability further enhances the demand for glycine in the pharmaceutical industry.

    Get more detailed insights about Glycine Market Research Report - Global Forecast till 2032

    Regional Insights

    Based on Region, the Glycine market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific Glycine market held the maximum market share and is also expected to account for the significant revenue share during the forecast period. Numerous opportunities exist in the Asia-Pacific glycine market, including the rising demand for bio-based glycine amid the growing emphasis on sustainability. Producers adopting bio-based production methods can cater to the increasing demand for eco-friendly ingredients across various industries.

    The expanding nutraceuticals and functional food markets, driven by a rising interest in health and wellness, offer a lucrative segment for glycine producers to explore. Moreover, the growing awareness of glycine's health benefits, such as improved sleep, cognitive function, and muscle recovery, can drive demand for glycine-based supplements and functional foods. Government support for domestic production, implemented through policies and initiatives in some countries, provides opportunities for local manufacturers to expand their presence and compete effectively in the global market.

    Key Players and Competitive Insights

    Key competitors that lead the industry with their global reach and dedication to quality are Ajinomoto Co., Inc., Evonik Industries AG, and Spectrum Chemical. These companies define the competitive landscape of the glycine market. By conducting in-depth research and development, these industry leaders keep their positions, guaranteeing cutting-edge production techniques and superior goods. The increasing need for glycine in a variety of industries is drawing new participants to the market. To obtain a competitive advantage, these new entrants concentrate on eco-friendly production techniques and productive technology.

    Investments in biotechnology and fermentation technologies are shaping the competitive dynamics, as businesses want to improve their production efficiency and conform to environmental sustainability objectives. A varied product mix also contributes to the industry's intense competition as businesses strive to meet changing consumer demands and profit from the growing uses of glycine in pharmaceuticals, food and drink, and personal hygiene products.

    Glycine Industry Developments

    March 2023: Spectrum Chemical Mfg. Corp., a prominent global provider of fine and cGMP chemicals and specialty chemicals, announced the addition of several new raw materials for use in the production of biopharmaceuticals and R&D. During the BioProcess International (BPI) US West conference in San Diego, the business made the announcement.

    In August 2023, Alaris Antennas of Australia and Ascension, a regional provider of electronics parts, entered into a cooperative agreement. The aim of this partnership is to fuse their technical know-how so as to enhance the development and distribution of sophisticated electronics components and systems. This relationship is intended to strengthen their market positions within the region while encouraging innovation in electronic warfare and defence system.

    In October 2022: Centum Electronics Ltd., India, signed an MoU with Rafael Advanced Systems, Israel, in October 2022 for the co-development of an Electronic Warfare System (EWS) for the Indian Navy and Indian Coast Guard. The main objective of the cooperation is to boost India's maritime defense capabilities, employing Rafael's advanced EWS technology along with Centum's expertise in electronics manufacturing. The joint effort seeks to develop cutting-edge systems suited specifically for Indian maritime forces, thus helping them improve operational efficiency as well as security arrangements​.

    Key Companies in the Glycine Market market include

    Industry Developments

    March 2023: Spectrum Chemical Mfg. Corp., a prominent global provider of fine and cGMP chemicals and specialty chemicals, announced the addition of several new raw materials for use in the production of biopharmaceuticals and R&D. During the BioProcess International (BPI) US West conference in San Diego, the business made the announcement.

    In August 2023, Alaris Antennas of Australia and Ascension, a regional provider of electronics parts, entered into a cooperative agreement. The aim of this partnership is to fuse their technical know-how so as to enhance the development and distribution of sophisticated electronics components and systems. This relationship is intended to strengthen their market positions within the region while encouraging innovation in electronic warfare and defence system.

    In October 2022: Centum Electronics Ltd., India, signed an MoU with Rafael Advanced Systems, Israel, in October 2022 for the co-development of an Electronic Warfare System (EWS) for the Indian Navy and Indian Coast Guard. The main objective of the cooperation is to boost India's maritime defense capabilities, employing Rafael's advanced EWS technology along with Centum's expertise in electronics manufacturing. The joint effort seeks to develop cutting-edge systems suited specifically for Indian maritime forces, thus helping them improve operational efficiency as well as security arrangements​.

    Key Companies in the Glycine Market includes

      • Spectrum Chemical
      • Resonac Holdings Corporation
      • Ajinomoto Co., Inc.
      • Evonik
      • Sisco Research Laboratories Pvt. Ltd.
      • Shijiazhuang Donghua Jinlong Chemical Co., LTD.
      • Yuki Gosei Kogyo Co., Ltd.
      • Foodchem International Corporation
      • Vizag Chemicals

    Future Outlook

    Glycine Market Future Outlook

    The Global Glycine Market is projected to grow at a 5.57% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, agriculture, and food industries.

    New opportunities lie in:

    • Develop innovative glycine-based products for the nutraceutical sector.
    • Expand production capabilities in emerging markets to meet rising demand.
    • Leverage sustainable sourcing practices to enhance brand value and consumer trust.

    By 2035, the Glycine Market is expected to exhibit robust growth, reflecting evolving consumer preferences and industrial applications.

    Market Segmentation

    Glycine Grade Outlook

    • Food Grade
    • Pharmaceutical Grade
    • Technical Grade

    Glycine Regional Outlook

    North America
    • US
    • Canada
    • Mexico

    Glycine End-Users Outlook

    • Agriculture
    • Chemical & Industries
    • Cosmetics & Personal care
    • Food & Beverages
    • Pharmaceutical
    • Other End-User

    Glycine Application Outlook

    • Animal Feed
    • Chemical and Industrial
    • Food Additives
    • Intermediate
    • Pharmaceutical
    • Other Application

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 5,010.05 Million
    Market Size 2024 USD 5,262.15 Million
    Market Size 2032 USD 8,204.9 Million
    Compound Annual Growth Rate (CAGR) 5.2% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2019 & 2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Grade, Application, End-Users, and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
    Countries Covered US, Canada, Germany, UK, France, Russia, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia
    Key Companies Profiled Spectrum Chemical, Resonac Holdings Corporation, Ajinomoto Co., Inc., Chattem Chemicals, Inc, Evonik, Sisco Research Laboratories Pvt. Ltd., Shijiazhuang Donghua Jinlong Chemical Co., LTD., Yuki Gosei Kogyo Co., Ltd., Foodchem International Corporation, Vizag Chemicals
    Key Market Opportunities ·       Technological Advancements in Production
    Key Market Dynamics ·       Growing demand for sustainable products·       Expanding Pharmaceutical Industry
     

    FAQs

    How much is the market size in 2022 of the Glycine Market?

    The market size is expected to be USD 5,010.05 million in 2023.

    What is the growth rate of the Glycine Market?

    The growth rate of the glycine market during the forecast period is 5.2%.

    Which region held the largest market share in the Glycine Market?

    Asia Pacific region held the largest market share in the glycine market.

    Who are the key players in the Glycine Market?

    Spectrum Chemical, Resonac Holdings Corporation, Ajinomoto Co., Inc., Chattem Chemicals, Inc, Evonik, Sisco Research Laboratories Pvt. Ltd., Shijiazhuang Donghua Jinlong Chemical Co., LTD., Yuki Gosei Kogyo Co., Ltd., Foodchem International Corporation, Vizag Chemicals.

    Which Grade had the largest market share in the Glycine Market?

    Food Grade held the largest market share in the Glycine market

    Which Application had the largest market share in the Glycine Market?

    Pharmaceutical segment held the largest share in Application in the Glycine market.

    Which End-Users had the largest market share in the Glycine Market?

    Pharmaceutical segment held the largest share in End user in the Glycine market

    Glycine Market Research Report - Global Forecast till 2032 Infographic
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