March 23, 2022
According to the research report titled ‘Global Glycinates Market Size, Share and Industry Analysis Report by Type (Magnesium Glycinate, Calcium Glycinate, Zinc Glycinate, Iron Glycinate, Copper Glycinate, Manganese Glycinate, Sodium Glycinate), Application (Animal Feed, Pharmaceutical/Nutraceutical, Food & Beverage, Cosmetics & Personal Care) and Form (Dry, Liquid), Regional Outlook, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global glycinates market is anticipated to amass substantial return by the year 2027.
As per reliable estimates, escalating demand for dietary supplements across the globe, several health benefits of the product such as enhanced reproductive health, protection from oxidation, proper enzyme functionality, and improved the immune system for farm animals are the major growth catalysts for global glycinates market.
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For the unversed, glycinates are an important component for animal nutrition. Among the most commonly used glycinates in animal feed are zinc glycinate, manganese glycinate, iron glycinate, and copper glycinate.
Moreover, increasing demand for poultry feed to meet rising global consumer demand has boosted industry uptake in the recent years.
Based on application, the others sub-segment is expected to account for a CAGR of 4.6% over the forecast period.
In terms of type, the copper glycinate market segment is expected to register a CAGR of approximately 5.1% over the estimated time frame. The manganese glycinate segment is anticipated to record 5% CAGR through 2027.
The sodium glycinate segment is projected to display a y-o-y growth rate of 4.6% over the analysis period. The others segment is reckoned to grow at a CAGR of nearly 4.3% over the assessment period.
Regionally, Europe market is expected to expand at 5.2% CAGR over the forecast period. While Middle East & Africa industry is poised to generate significant revenues by the end of 2027, expanding at a CAGR of 4.4% throughout.
The key players in global glycinates market are Pat Impex, UNO Vetchem, Innospec Inc., Jost Chemical Co., Pharmavit Europe B.V., Clariant AG, Pancosma SA, Dunstan Nutrition, Aditya Chemicals, Solvay Chemicals International SA, and BASF SE.