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Global Glycine Market: By Grade: Food Grade, Pharmaceutical Grade, Technical Grade; By Application: Cosmetic and Personal Care, Pharmaceutical, Agrochemical, Food and Beverage, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Glycine Market Outlook
The global glycine market is estimated to grow at a CAGR of 5.00% in the forecast period of 2023-2028 to reach a value of around USD 890 million by 2027.
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Rising Use of Glycine in Pharmaceutical Sector to Propel the Market Growth of Glycine
Based on application, the pharmaceutical sector is driving the market growth of glycine. The use of USP grade glycine by pharmaceutical manufacturers for the gastric absorption of drugs like aspirin and to treat diarrhoea in humans and animals as the glycine helps to reduce the acidity in the digestive tract is aiding the market growth. Glycine is effective in treating metabolic disorders in patients with cardiovascular diseases, several inflammatory diseases, obesity, cancers, and diabetes, thereby propelling the market development of glycine in the pharmaceutical sector. In addition, glycine possesses the property to enhance the quality of sleep and neurological functions, thus further bolstering the market for glycine. Glycine plays a crucial role in improving the health and well-being of humans and animals, which is leading to the expansion of the market. The increasing incidences of organ transplantation and the importance of glycine in preventing organ transplantation failure as glycine therapy results in enhanced graft function and health, are providing impetus to market growth.
Market Segmentation
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Glycine is a proteinogenic amino acid with a hydrogen atom as its side chain. It appears as white crystals and acts as a nutraceutical, a micronutrient, a fundamental metabolite, and a neurotransmitter. It is also the most important and non-essential amino acid in humans, animals, and many mammals.
The market for glycine, by grade, is divided into:
- Food Grade
- Pharmaceutical Grade
- Technical Grade
Based on application, the market is segmented into:
- Cosmetic and Personal Care
- Pharmaceutical
- Agrochemical
- Food and Beverage
- Others
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The regional markets for glycine can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Application of Glycine in Various Applications to Drive the Market Growth of Glycine
The pandemic bolstered the market for glycine during the historical period. The research conducted to use glycine as a supplement in patients with severe COVID-19 and high levels of proinflammatory cytokines owing to the cytoprotective effect of glycine led to the development of the market. The growing use of glycine in different applications due to its availability in different grades or purity levels is significantly catalysing the market growth of glycine. In addition, it is used as a sweetener in the food and beverage industry, and the expanding food industry is invigorating the market for glycine.
Glycine is also used by manufacturers to reduce the bitter taste of active ingredients in products like mouthwash or toothpaste, and the increasing use of these products by people in their daily lives is leading to the development of the market for glycine. The rising utilisation of glycine in the cosmetic products as hair conditioning and skin conditioning agents is also contributing to the expansion of the market for glycine. The strong foothold of market players offering glycine and the expansion of glycine production capacity to meet the demand from end-users are likely to augment the market over the forecast period.
Key Players in the Global Glycine Market
The report gives a detailed analysis of the following key players in the global glycine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Evonik Industries AG
- Yuki Gosei Kogyo Co., Ltd.
- GEO Specialty Chemicals (CPS Performance Materials)
- Showa Denko KK
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Grade |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Glycine Market Analysis
8.1 Key Industry Highlights
8.2 Global Glycine Historical Market (2018-2022)
8.3 Global Glycine Market Forecast (2023-2028)
8.4 Global Glycine Market by Grade
8.4.1 Food Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Pharmaceutical Grade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Technical Grade
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Glycine Market by Application
8.5.1 Cosmetic and Personal Care
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmaceutical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Agrochemical
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Food and Beverage
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Glycine Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Glycine Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Glycine Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Glycine Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Glycine Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Glycine Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Evonik Industries AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Yuki Gosei Kogyo Co., Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 GEO Specialty Chemicals (CPS Performance Materials)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Showa Denko KK
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Glycine Market: Key Industry Highlights, 2018 and 2028
2. Global Glycine Historical Market: Breakup by Grade (USD Million), 2018-2022
3. Global Glycine Market Forecast: Breakup by Grade (USD Million), 2023-2028
4. Global Glycine Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Glycine Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Glycine Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Glycine Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Glycine Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Glycine Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Glycine Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Glycine Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Glycine Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Glycine Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Glycine Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Glycine Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Glycine Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Glycine Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Glycine Market Structure
Key Questions Answered in the Report
The global glycine market is assessed to grow at a CAGR of 5.00% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 890 million by 2027.
The major market drivers include the importance of glycine in the gastric absorption of drugs, enhancement of sleep quality, treatment of metabolic disorders, and the use of glycine therapy in organ transplantation.
The key market trends include the expanding food and beverage industry, increasing use of cosmetic and personal care products, and the strong presence of market players offering various grades of glycine.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major grades in the market, include food grade, pharmaceutical grade, and technical grade.
The various applications of the market, include cosmetic and personal care, pharmaceutical, agrochemical, and food and beverage, among others.
The major players in the market are Evonik Industries AG, Yuki Gosei Kogyo Co., Ltd., GEO Specialty Chemicals (CPS Performance Materials), and Showa Denko KK, among others.
Analyst Review
The global glycine market is driven by the utilisation of glycine in various applications. Aided by the strong presence of market players offering different grades of glycine, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.00%. The market is estimated to reach about USD 890 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for glycine, by grade, is divided into food grade, pharmaceutical grade, and technical grade. Based on application, the market is segmented into cosmetic and personal care, pharmaceutical, agrochemical, and food and beverage, among others. The major regional markets for glycine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Evonik Industries AG, Yuki Gosei Kogyo Co., Ltd., GEO Specialty Chemicals (CPS Performance Materials), and Showa Denko KK, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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