Market Highlights
Glycine Supplement Market is expected to register a CAGR of 5.75% during the forecast period with a market value of USD 62,152.83 Thousand till 2025.
Glycine is a nonessential amino acid that is found in proteins. Glycine acts as a neurotransmitter that stimulates or inhibits the function of the brain and nervous system. Glycine supplements are widely consumed for improving sleep, enhancing memory, bone & joint health, and increasing insulin sensitivity. The market is growing at a rapid pace due to raising awareness about weight management and maintenance of a healthy lifestyle, increasing incidences of diseases due to a sedentary lifestyle, and a lack of balanced diet.
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The increasing geriatric population, growing incidences of diseases due to a sedentary lifestyle and a lack of balanced diet, increasing awareness towards weight management, and maintenance of a healthy lifestyle is anticipated to drive the market growth of the global glycine supplement market. However, safety concerns of glycine supplement and increasing regulatory pressures are expected to restrict the market growth.
Segment Analysis
The Global Glycine Supplement Market has been divided based on dosage form, application, and distribution channel. The market, based on dosage form, has been segregated into solid and liquid. Based on application, the glycine supplement market has been divided into sleep problems, joint and bone health, cardiovascular diseases, and others. On the basis of the distribution channel, it is bifurcated into a retail store, online store, and others.
Regional Analysis
The Global Glycine Supplement Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is likely to hold the largest share of the global glycine supplement market during the assessment period. Increasing awareness towards weight management and maintenance of a healthy lifestyle and well-established players are likely to support the dominance of the Americas during the forecast period. The Europe market established substantial growth in the market due to the growing incidences of diseases due to a sedentary lifestyle and a lack of balanced diet in this region.
Asia-Pacific is estimated to be the fastest-growing region in the global market due to the increasing geriatric population and increasing awareness towards weight management and maintenance, fueling the growth of the glycine supplement market in the region. The glycine supplement market in the Middle East & Africa is expected to witness gradual growth due to the increasing awareness about glycine supplement.
Key Players
MRFR recognizes the following companies as the Key Players in the Global Glycine Supplement Market— Now Foods (US)., HVMN Inc. (US), HVMN Inc. (US), Thorne (US), Source Naturals, Inc. (US), West-Coast Pharmaceuticals Works Ltd (India), Pure Encapsulation, LLC (US), Douglas Laboratories ( US), Best Naturals (US), The Nature's Bounty Co. (US), and Others.
Key Findings of the Study
The Global Glycine Supplement Market was valued at USD 42,163.96 Thousand in 2018 and is expected to register a CAGR of 5.75% during the assessment period.
The Americas accounted for the largest share of the global market due to the presence of key market players; and increasing awareness towards weight management and maintenance of a healthy lifestyle attributed to the growth of glycine supplement in the US and Canada.
Based on the dosage form, the solid segment accounted for the largest market share of 6% in 2018.
Based on application, the sleep problems segment accounted for the largest market share of 1% in 2018.
Based on the distribution channel, the retail store segment accounted for the largest market share of 0% in 2018.
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The Glycine Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the glycine market include Advance Chemical Sales Corporation, Ajinomoto North America, Inc., AMINO GmbH, Chattem Chemicals, Inc., Evonik Industries AG, GEO Specialty Chemicals, Inc., Triveni Chemicals among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Glycine Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/glycine-market/download-sampleMarket DynamicsThe growing demands from pharmaceutical industry for development of novel drugs to treat sleep disorder, schizophrenia, and benign prostate hyperplasia is driving the market growth.
In addition, Increasing demand for dietary supplement is also boosting the market demand.
The shifting interest towards enhancing physical aesthetics is creating huge demand for cosmetic and personal care product.
Glycine is an organic compound Market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions.Glycine is an organic compound and is known as the smallest of the 20 amino acids which are found in proteins.
Survey results showed that 68% of the glycine market is pesticide industry, 15% is food industry, only 2.7% is pharmaceutical industry, with the development of economy, these industries will need more glycine.
Due to the different process, the major raw materials for glycine are different.
On the global market, supply of raw materials is full.
Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-glycine-2019-2024-970We tend to believe this industry is a mature industry, and the consumption increasing degree will show a low growth curve.
Besides, prices gap between different brands will go narrowing gradually.
