The global glycinates market is anticipated to grow at a CAGR of 6.5% during the forecast period (2022-2028). The growing demand from the animal feed industry with increasing awareness about health is growing the market for glycinate during the forecast period. Trace elements are essential micronutrients required by all animals. The Insufficient amount of trace minerals in the feed can have many problems such as impaired immune function, growth reduction, and lower feed intake, which also reduces the fertility in the animal. Organically-bound trace elements such as glycinates are commonly used in animal feed since they show higher bioavailability. This results in increased animal performance and better animal vitality and productivity.
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Moreover, the increasing awareness about health and rising consumption of dietary supplements to improve health function is boosting the demand for glycinate. As these supplements contain different types of glycinates such as calcium glycinate, zinc glycinate, iron glycinate, and copper glycinate, which support improving health or overcoming any nutritional deficiency. Low levels of vitamins and minerals can result in mental impairment and central nervous system defects in infants. For instance, according to the Centers for Disease Control and Prevention (CDC), 17.3% of the population is at risk for zinc deficiency due to dietary inadequacy, also around 30% of people are at risk in some regions of the world. Zinc promotes immune functions and supports people resist infectious diseases including diarrhea, pneumonia, and malaria. Providing zinc supplements reduces the incidence of premature birth, decreases childhood diarrhea and respiratory infections, and increases growth and weight gain among infants and young children.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Glycinates Market Report by Segment
By Type
- Magnesium Glycinate
- Calcium Glycinate
- Zinc Glycinate
- Iron Glycinate
- Copper Glycinate
- Manganese Glycinate
- Sodium Glycinate
By Application
- Animal Feed,
- Pharmaceutical/Nutraceutical,
- Food & Beverage,
- Cosmetics & Personal Care
By Form
- Dry
- Liquid
Global Glycinates Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global glycinates market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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