Forecasts for the global glycine market by type, application, and region through 2029

January 20, 2023

Author: Mangesh Kadam

By 2029, the Glycine Market is anticipated to grow at a CAGR of 4.1%, with a market value of roughly US$ 979.97 Mn.

Glycine Market Overview:

The goal of this research is to give a comprehensive overview of the Glycine market by segment, industry, and geography. The research includes thorough information on the primary elements impacting the Glycine industry's growth. The research also includes an in-depth evaluation of the market's value chain.

Market Scope:

The primary step in the research process used to assess and forecast the Glycine market is the gathering of revenue information from significant suppliers. When creating market segmentation, vendor offers are also taken into consideration. The market size for Glycine was estimated using the bottom-up method using the revenue of large companies.

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Segmentation:

The global glycine market growth is driven by the increasing use of glycine in agrochemical and used as a flavor enhancer in soft drinks and juice concentrates in the food and beverage industry. The increasing demand for dietary supplements, the growing demand from the pharmaceutical industry to the manufacturing of new drugs, and the rising meat consumption across the globe, which are fuelling the demand for animal feed, will propel the market growth during the forecast period.

Key Players:

Shijiazhuang Donghua Jinlong Chemical
Hebei Donghua Jiheng Chemical
Hubei Xingfa Chemicals Group
Zhenxing Chemical
Newtrend Group
Henan HDF Chemical
Ajinomoto Health & Nutrition North America, Inc.
YUKI GOSEI KOGYO CO., LTD
Showa Denko KK
GEO Specialty Chemicals, Inc.
Chattem Chemicals, Inc.
Paras Intermediates
Evonik Industries AG
Avid Organics
Kumar Industries
Linxi Hongtai
AMINO GmbH
Advance Chemical Sales Corporation
Triveni Chemicals
Aditya Chemicals

The major players covered in the Glycine market report are

Regional Analysis:

For the Glycine market analysis for the global industry, a research team conducted thorough primary and secondary research. Secondary research has been carried out to enhance the information already accessible, segment the market, determine the total market size, forecast the market size, and determine the growth rate. Different methods for determining market size and growth rate have been developed. In order to present a more accurate regional view, our staff gathers market information and statistics from a variety of sources. By looking at a variety of regional players, local tax laws and regulations, consumer behaviour, and macroeconomic data, the research's country-level analysis is generated.

Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts should maximize their competitive strengths and do competitive analysis on each rival independently.

COVID-19 Impact Analysis on Glycine Market:

The Glycine market research also includes a complete assessment of COVID-19's influence on the Glycine market based on import, suppliers, and market players.

Key Questions Answered in the Glycine Market Report are:

Which segment was responsible for the largest share in the Glycine market?
How was the competitive scenario of the Glycine market in 2020?
Which are the key factors responsible for the Glycine market growth?
Which region held the maximum share in the Glycine market in 2020?

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