Glycinates Market Analysis

Asia Pacific glycinates market share is predicted to reach USD 450 million by 2032, owing to increasing applications in the personal care sector. The rising disposable incomes and the growing consumer inclination toward premium beauty and cosmetic products will accelerate the demand for superior formulations and personal care portfolios, thus offering lucrative scope for personal care manufacturers. Moreover, the increasing demand for animal products and animal-derived ingredients across countries such as China, Japan, and Australia will further propel the production of glycinates. According to the USDA, China is the largest consumer of meat in the world, with an estimated consumption of more than 10 million tonnes of beef & veal, and 53 million tonnes of pork in 2022.
 

In terms of revenue, the glycinates market analysis from the animal feed application segment is set to surpass USD 600 million by 2032, attributed to growing consumption of meat products is fuelling the demand for high-quality animal feed products. Glycinates are extensively used in animal feed as chelating compounds to bind minerals, such as zinc, and iron for better absorption. For instance, sodium glycinate is widely employed as a growth-promoting agent to improve the digestibility of feed. Moreover, the rising concerns associated with the environmental impacts of meat production is proliferating the demand for glycinates to reduce mineral excretion.
 

The glycinates market size from the liquid form segment is slated to exhibit over 6.5% CAGR during the forecast timeline. Liquid glycinate is commonly used as a food additive in manufacturing processed food products, and dietary supplements. It is also utilised to formulate some medications and personal care products. The rising production of processed foods, notably across developed and developing regions is propelling the use of liquid glycinate as a flavor enhancer in certain foods and beverages. Furthermore, the glycinate industry is experiencing a significant surge in demand for liquid fertilizers from the agriculture sector. For instance, liquid zinc glycinate fertilizers are increasingly used to improve plant metabolism and enhance bud formation in fruit crops and tillering in cereals.