Glycinates Market Size 2020- Growth, Forecast, Surge at A Robust Pace in Terms of Revenue
Overview:
The global market for glycinates is expected to
benefit from the rising demand from the food and feed industries. The report
revealed by Market Research Future (MRFR) records and analyzes several factors
to determine the future of the market. Among these factors, pharmaceuticals
would also assist the market for its growth during the forecast period of 2018
to 2023. One such example would be magnesium glycinates incorporation as a
dietary supplement. The market would also benefit from the improvement in the
production process and marketing of the components. Growing consumption of meat
and related products would boost the market in the coming days.
Segmentation:
The global glycinates market, as discussed by MRFR
in their report, has been segmented and studied on the basis of type, form, and
application. Information gathered from this segmentation would help in deciding
a proper growth structure for the market in the coming days.
By type, the report on the glycinates market can be
studied by having it segmented into manganese, magnesium, zinc, copper, sodium,
calcium, and others. The magnesium glycinate segment has been dominating the
global market. In the second position is the iron glycinate segment. Magnesium
glycinate is getting substantial traction due to its easy acceptance in the
foods & beverages industry for its ability to detoxify. Its use as a
dietary supplement would also boost the market.
By form, the global report on the glycinates market
can be segmented into powder, liquid, and others. The powder segment has the
maximum market coverage due to is easy permeation across industries like
beverages, feed, supplements, food, and others. Its cost-affordability and easy
access are also expected to provide tailwinds for better growth.
By application, the report with glycinates market
details has been segmented into nutraceuticals, animal feeds, foods, beverages,
and others. The feed segment would dominate the market as glycinates find
better acceptance in the segment to improve the performance. Glycinates are
expected to get into the food industry in a better way due to the rise of meat
consumption across the world.
Regional Analysis:
The Americas has a better opportunity to dominate
the global market as it would gain much from the contributions made by North
America. The US would lead the growth as the food & beverage and feed
industries are rapidly developing. Growing demand for better consumption
standards and increasing support from the pharmaceutical sectors are expected
to set the path for the glycinates market. Increasing demand for nutritious
food and supplements are expected to boost market growth.
In Europe, the growth pattern would follow the North
American trajectory, where it would get bolstered by similar kinds of factors.
The Asia Pacific region would gain from the rising need for glycinates in
countries like Japan, South Korea, China, and India. The massive population in
these regions would help the regional market register a better growth
rate.
Competitive Landscape:
The global market for glycinates is expected to make
a substantial profit from the tactical implementations of companies like
Ajinomoto Co., Inc. (Japan), Solvay SA (Belgium), Aliphos Belgium SA/NV
(Belgium), Schaumann GmbH & Co. KG. (Germany), BDunstan Nutrition Ltd. (New
Zealand), Clariant AG (Switzerland), ASF SE (Germany), NovoTech Nutraceuticals
Inc. (U.S.), Shijiazhuang Donghua Jinlong Chemical Co Ltd. (China), and Albion
Laboratories, Inc. (U.S.). These companies are making significant progress
using various measures like mergers, acquisitions, collaborations, various
marketing strategies, growth opportunities through expansion, and others. These
factors would impact their plans to cement their market stand and the growth
patterns of the market for the coming days.
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