Glycinates Market

Global Glycinates Market Size (2024 To 2032)

The global glycinates market size is anticipated to be worth USD 2.38 billion by 2032 from USD 1.46 billion In 2024, growing at a CAGR of 6.30% during the forecast period. 

Glycinates are the group of amino acid chelates in which minerals like zinc, magnesium, iron, calcium, etc., are bound to an essential amino acid called glycine. This complex of glycine with minerals enhances mineral absorption in the body. Glycinates are mainly used in dietary supplements as they support the digestive system by improving its functionality. They also enhance various body functions, such as muscle function, bone health, and boost the immune system. As they are easy to absorb and have reduced side effects, many consumers are seeking glycinates as a supplement to their mineral intake. However, glycinates find various applications in diverse industries other than the food and beverage industry, such as animal feed, cosmetics, pharmaceuticals, nutraceuticals, etc.

MARKET DRIVERS

The growing health and wellness trend is majorly driving the demand for the glycinates market. Recently, people are becoming more health-conscious as they want a healthy lifestyle.

As a part of this health and wellness trend, many consumers are seeking dietary supplements to efficiently support their health and well-being. Glycinate is a combination of minerals like zinc, magnesium, calcium, etc., with glycine, an essential amino acid that satisfies health-conscious consumers' demands and helps boost their healthy lifestyle. This attribute is significantly propelling the shares of the market.

The enhanced bioavailability or the enrichment of minerals and amino acids like glycine in the glycinates is another driver of market growth. When glycinates are consumed as supplements, they can be easily absorbed by our bodies as compared to other minerals, as glycinates are special forms of various minerals, such as zinc, magnesium, calcium, etc., that are easily and effectively used by human bodies. This supports in many ways to enhance body functionality and overall health. Hence, this factor is positively influencing the glycinates market growth.

Further, the aging population is contributing to fueling the market shares. As people get older, their bodies do not work properly and undergo some changes and also can cause severe diseases in some cases, so they seek nutritional food or supplements to stay healthy and fit. One of the major problems in older people is that their muscles and bones, glycinate has the potential to support them. As these glycinates supplement contains various minerals and glycine, an amino acid, it maintains strong bones and muscles and helps older people stay active and healthy at their ages. These factors are majorly influencing the growth of the market.

MARKET RESTRAINTS

One of the major restraints of the market is the high cost of production of glycinates. The production of glycinates is more complicated and hence costly as compared to the making of other mineral supplements. This complexity is a result of an additional process called chelation; in this process, the minerals are combined with the amino acid glycine. Hence, this can cause a high cost of production, leading to an increase in the final price of the glycinate supplements. Due to this, consumers with low budgets opt for other mineral supplements which are cheaper than glycinates, and this can restrict the expansion of the market size.

Further, the limited awareness about glycinates among consumers is restraining the market growth. Nowadays, people are becoming aware of dietary supplements as they are seeking good health and well-being, but still, few or many of them are not aware of the benefits of consuming glycinates as supplements. This lack of knowledge and awareness among consumers may pose challenges to the glycinates market demand. Although they are beneficial supplements, they are still not preferred by some consumers as they have not heard about glycinates before or simply they are not aware of their advantages. This is limiting the demand for the market globally.

MARKET OPPORTUNITIES

One of the significant opportunities for the glycinate market growth is offered by the growing demand for glycinate supplements in the sports nutrition market. Recently, most people are shifting towards sports and fitness, and those athletes and people are always seeking to boost their performance and fast recovery after intense workouts, and this demand can get fulfilled by glycinates. As they are beneficial for muscles and boost energy levels, and also enhance alertness and activeness at the time of games and competitions. Due to these benefits, glycinate supplements find growth opportunities in the sports market and hence boost the glycinate market demand.

Further, the growing use of glycinates in different types of products is a significant opportunity for market size expansion. Glycinates are available in various forms, such as capsules, tablets, powders, and as functional foods. These expanded product offerings make available numerous options for consumers as some people prefer to consume capsules, while others take powders by mixing them into their drinks or foods. Due to this, manufacturers can reach a larger consumer base by satisfying consumer preferences and demand. This is influencing the demand for the market and hence can gain significant market share.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Glycinates Market Analysis By Type

The magnesium segment is anticipated to dominate the market share during the forecasted period. This attribute is boosting demand for this segment. However, the calcium segment is expected to grow at the fastest CAGR in the upcoming years. As calcium is crucial to maintain strong teeth, bones, and muscle functions, it is in major demand among consumers who are aiming to improve their bone health and come over calcium deficiency. This is influencing the shares of the market.

Global Glycinates Market Analysis By Form

By form, the dry segment is ruling the market demand. Because this segment comprises dry or solid forms of glycinates like capsules, tablets, and powders which are easy to store and consume, they are suitable for various applications in different food products, which is influencing the shares of the market. At the same time, the liquid segment is expected to grow at the fastest rate in the coming years. As it offers alternative options to dry or solid forms of glycinates, people who are having difficulty swallowing can prefer liquid glycinate supplements, boosting the market demand.

Global Glycinates Market Analysis By Application

By applications, the animal feed segment is dominating the glycinates market share during the projected period. Because glycinate supplements are largely used in animal feed to support the diets of livestock and poultry, they provide an adequate amount of nutrition by providing essential minerals such as magnesium, calcium, zinc, etc., which support their performance and productivity. This attribute influences the shares of the market. However, the food segment is expected to grow at the fastest CAGR during the forecasted period. As glycinates can be added to various food products like beverages, baked foods, dairy products, confectionery, and also in functional foods, so helps to enhance nutritional content inside the body and maintains good health of consumers. This is contributing to an expansion in the market size.

REGIONAL ANALYSIS

North America is dominating the glycinates market shares during the expected period, owing to the numerous presence of well-established dietary supplement industries along with rising consumer demand for nutritious and functional foods as the focus on well-being among consumers is growing in this region, and this is leading to increase in the market demand. However, the Europe region is expected to grow at the fastest CAGR during the forecasted period. Owing to the increased consumer base for nutritional and effective mineral supplements like glycinates and also increased demand for glycinates in animal feed are driving the market growth in this region.

KEY PLAYERS IN THE GLOBAL GLYCINATES MARKET

Major key players in the global glycinates market are BASF, Solvay, Ajinomoto, Clarian, OHMG, Albion Laboratories, Aditya Chemicals, Pancosma SA, Avitech Nutrition, Dunstan nutrition, nnospec, Pharmacist, Jost Chemical Co.

and Others.

RECENT HAPPENINGS IN THE MARKET

• In July 20222, Avitech Nutrition launched Performins, an organic mixture of glycinates, in the market. The application that has received the most attention is as an enhancer in animal diets.
• In January 2022, The release of the first magnesium blend drink in the world was announced by the U.K. company OHMG. This beverage contains three different glycinates, magnesium threonate, magnesium citrate, and magnesium glycinate, which serve as a stress reliever to lower blood pressure and heart rate.

DETAILED SEGMENTATION OF THE GLOBAL GLYCINATES MARKET INCLUDED IN THIS REPORT

This research report on the global glycinates market has been segmented and sub-segmented based on type, form, application, and region.

By Type

• Magnesium
• Zinc
• Calcium
• Manganese
• Copper
• Sodium

By Form

• Dry
• Liquid

By Application

• Pharmaceuticals
• Nutraceuticals
• Food
• Animal Feed
• Personal Care Product

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa