Glycine Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2024 – 2032

Glycine Market Size

Glycine Market is predicted to expand significantly between 2024 and 2032 due to the increased consumption of protein beverages and ready-to-eat meals as a result of changing dietary habits. Awareness regarding the benefits of a high-protein diet has escalated the demand for meat products. According to estimates, global meat consumption is expected to be in the range of 460 million to 570 million tons by 2050. Rising health consciousness, a paradigm shift towards exercise regimens, the increasing acceptance of genetically modified crops, and the reduction of animal output will further improve the industry outlook.
 

Glycine Market Trends

The expanding applications of glycine in the pharmaceutical and personal care industries, particularly in skincare products and pharmaceutical formulations, are driving market growth. Moreover, the advancements in manufacturing processes and the emergence of sustainable production methods are reshaping the market landscape, with a focus on reducing environmental impact and improving product quality. The globalization of trade and the rise of e-commerce platforms are facilitating product accessibility and fostering cross-border collaborations among key players, further propelling the growth trajectory of the glycine industry.
 

Glycine Market Analysis 

The pharmaceutical segment is expected to observe robust growth through 2032 due to the increased occurrence of strokes. Glycine is commonly used in the treatment of mental diseases such as schizophrenia because it functions as a neurotransmitter to excite brain cells. The increasing utilization of the product as a safeguard against the adverse effects of specific medications post-organ transplantation, along with its role in preserving the liver from alcohol-induced damage, will bolster its demand. The rising use of glycine in memory enhancement, cancer prevention, and gastric absorption improvement will favor the product usage in the pharmaceutical sector. 
 

Glycine industry value from the food grade segment is expected to gain traction between 2024 and 2032 as a result of rapid expansion in the agriculture sector. The increased need to improve nutrition delivery and utility has resulted in more use of high-tech food-grade goods. The increasing requirement to control acidity in food and drinks will provide a boost to segmental expansion.
 

Asia Pacific glycine market size is predicted to record significant growth during the forecast period due to the expanding medical sector and increased meat consumption. The rising population base, as well as the increased desire for low-cost generics, will fuel the product demand. The favorable government initiatives aimed at promoting industrial development and improving healthcare infrastructure are creating a conducive environment for market expansion. Furthermore, the region's thriving industrial sector, particularly in sectors like textiles, chemicals, and personal care, is driving significant demand for glycine as a raw material.
 

Glycine Market Share

Some of the major glycine suppliers are:

• Ajinomoto Inc.
• Zexing Group
• Donghua Jinlong Chemical
• Adm
• Dow Chemical (Dow Inc.)
• Yuki Gosei Kogyo Co. Ltd.
• Showa Denko KK
• Cargill
   

These companies are focusing their efforts on growth and marketing methods such as acquisitions, partnerships, innovative product development, capacity expansions, investments, and mergers to expand their customer base and portfolio.
 

Impact of the Russia-Ukraine war on the glycine market growth

The ongoing conflict between Russia and Ukraine may have an impact on the glycine industry due to the presence of key glycine importers in Russia. The trade restrictions and economic sanctions between the two countries may affect the production and trade of glycine from Russia. The political instability in the region could also disrupt the transportation and logistics, leading to delays and uncertainty in the supply chain. Other factors such as economic conditions, consumer preferences, and regulatory changes may affect the glycine industry.
 

Glycine Industry News

• In November 2023, Ajinomoto entered a license agreement with Exelixis to integrate AJICAP, Ajinomoto's linker technologies, into the development of certain anti-body drug conjugate programs by Exelixis.

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