Glycine Market Size Analysis, Growth Drivers, Share, and Business Opportunities 2020 to 2026
Posted on Sep 17 2020 10:56 AM
"Glycine Market Size, Share & Industry Analysis, By Grade (Pharmaceutical Grade , Food Grade, Technical Grade), By Application (Feed and food additive, pH buffers and stabilizers, Pharmaceutical ingredient, Chemical intermediate, Other), By End-Use Industry (Pharmaceutical, Agrochemicals, Food & Feed, Cosmetics, Research, Other) Others and Regional Forecast, 2019-2026 "
The global glycine market is set to gain impetus from its ever-increasing usage in the pharmaceutical industry.
Glycine is nowadays utilized for healing wounds and treating leg ulcers. At the same time, it is being used as a memory enhancer. It is capable of reducing anxiety. The Anxiety & Depression Association of America mentioned that in the U.S. alone, anxiety has affected approximately 40 million people belonging to the age group of 18 years and above. But, out of those people, only 36.9% receive treatment. This proves that anxiety disorder is increasing at a fast pace in several countries worldwide, especially among the youngsters. It is further resulting in a surge in the number of people consuming medicines for anxiety. Hence, the demand for glycine is upsurging day by day. These factors are expected to propel the glycine market growth in the coming years.
It is very effective for treating metabolic syndrome, stroke, sleep disorder, and schizophrenia. Glycine is also helpful in the treatment of rare inherited metabolic disorders. Fortune Business Insights™ provided this information in an upcoming report, titled, “Glycine Market Size, Share & Industry Analysis, By Grade (Pharmaceutical Grade , Food Grade, Technical Grade), By Application (Feed and food additive, pH buffers and stabilizers, Pharmaceutical ingredient, Chemical intermediate, Other), By End-Use Industry (Pharmaceutical, Agrochemicals, Food & Feed, Cosmetics, Research, Other) Others and Regional Forecast, 2019-2026.”
Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/glycine-market-102347
The emergence of the coronavirus infection has brought the world to a standstill. Several industries have halted their production and manufacturing processes. Tourism, transportation, and aviation are the major industries that have been affected because of this pandemic. But, with time, we will be able to recover this grave situation and come out of it with flying colors. Our authentic research reports would help you in better understanding the current scenario of the industries. They would aid in bringing you to the right path of success.
This Report Answers the Following Questions:
- What are the market growth drivers, dynamics, and hindrances?
- Which companies are in the top-most position in terms of revenue?
- Which segment is anticipated to lead the market in terms of share?
- What are the vital strategies adopted by key companies to generate more sales?
- How will the COVID-19 pandemic affect the market in the near future?
Drivers & Restraints-
Rising Prevalence of Anxiety Disorders to Boost Growth
However, the manufacturing process of glycine goes through a large number of stringent laws and regulations, such as Good Manufacturing Practices by the U.S. FDA. In addition to that, several manufacturers are striving to maintain appropriate purity of their in-house products to keep up with the Japan Food Additive, United States Pharmacopeia, and other similar standards. Lastly, the availability of numerous other effective substitutes of glycine may hamper the market growth.
Pre Book a Complete Research Report >> Enabled with COVID-19 Impact Analysis: https://www.fortunebusinessinsights.com/checkout-page/102347
Rising Consumption of Meat to Favor Growth in Europe
In terms of geography, Europe and North America currently hold the major glycine market share, followed by Asia Pacific. In the coming years, North America is anticipated to grow moderately because of the steady growth of the pharmaceutical industry in this region. Europe would adopt a similar trend as the consumption of ready-to-eat food items and meat is rising day by day in this region. It would increase the application of glycine for feed and food additive application.
Asia Pacific, on the other hand, is expected to be the fastest-growing market owing to the major contributions by the developing countries, such as India and China. China is considered to be the largest producers and exporters of glycine. In Latin America, the constant political and social instability would cause a decline in the growth of the market. The Middle East and Africa would grow considerably backed by the rising developments in the pharmaceutical industry.
Key Companies Focus on Acquisition Strategy to Intensify Competition
The market houses several companies that are presently focusing on either acquisition or price escalation strategies to surge sales and gain more consumers. Some of the others are also investing in research and development activities to launch new products as per the give guidelines by the ruling bodies. Below are a couple of the latest industry developments:
- September 2019: Geo Specialty Chemicals, a provider of a wide range of specialty chemicals was acquired by a private equity firm called Arsenal Capital Partners. This acquisition would help Arsenal in strengthening its position in the market.
- May 2019: The healthcare division of Evonik Industries named Evonik Nutrition & Care GmbH declared that it surged the prices of glycine by 12%. Right from 1st July, 2019, the new prices will be effective. The company’s decision was based of the rising cost of raw materials.
Fortune Business Insights™ presents a list of all prominent companies operating in the market. They are as follows:
- GEO Specialty Chemicals
- Ajinomoto Co., Inc.
- Evonik Nutrition & Care GmbH
- YUKI GOSEI KOGYO CO., LTD.
- Showa Denko KK
- CHATTEM CHEMICALS
- Nantong Guangrong Chemical Co., Ltd.
- Paras Intermediates Private Limited
- Shandong Zhenxing Chemical Industry Co., Ltd.
- Hebei Donghua Jiheng Chemical Co. Ltd.
- Salvi Chemical Industries Ltd.
- Other prominent companies
Browse Complete Summary of research Report: https://www.fortunebusinessinsights.com/glycine-market-102347
The report offers a detailed evaluation of chemicals and their demand by highlighting information on several aspects which include drivers, trends, opportunities, and challenges. In addition to this, it sheds light on industry developments by key players, helping the industry to expand. Information given in the article consists of technological advancements to analyze the industry meticulously and offer a better understanding to its readers. These advancements will help companies to stay abreast in terms of competition. Companies are planning to adopt several strategies to stay ahead of others. These strategies include: mergers and acquisitions, partnerships, collaborations, new product developments among others. The information gathered through primary and secondary sources, comprises of interviews from several industry experts and professionals. Secondary sources such as press releases, information from recognized institutes, and other collaterals are used to analyze the industry. Further, top-down and bottom-up approaches are used to provide a 360-degree view.
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
UK : +44-2071-939123
APAC : +91-744-740-1245
Email: [email protected]
Fortune Business Insights™
Linkedin | Twitter | Blogs
Company Press Release
- Feed Mixer Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights
- Welded Metal Bellows Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights
- Paper Slitting Machine Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights
- Automatic Ticket Machine Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights
- Dairy Processing Equipment Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights
- Air Duct Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights
- Industrial Vending Machines Market Analysis - What Will Be The Short-term Impact Of Coronavirus? Fortune Business Insights