Glycine Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

Glycine Market size is predicted to expand significantly between 2023 and 2032 due to the increased consumption of protein beverages and ready-to-eat meals as a result of changing consumer dietary habits. Awareness regarding the benefits of a high-protein diet has elevated the demand for meat products. According to estimates, global meat consumption is expected to be in the range of 460 million to 570 million tons by 2050. Rising health consciousness and a paradigm shift towards exercise regimens will drive industry expansion. The increasing acceptance of genetically modified crops and the reduction of animal output will further improve the industry's outlook.
 

The glycine market share from the pharmaceutical segment is expected to observe robust growth through 2032 due to the increased occurrence of strokes. Glycine is commonly used in the treatment of mental diseases such as schizophrenia because it functions as a neurotransmitter to excite brain cells.
 

In addition, the product is used to protect kidneys from undesirable side effects produced by the use of certain medicines following organ transplantation, and in the preservation of the liver from the effects of alcohol. The rising use of glycine in memory enhancement, cancer prevention, and gastric absorption improvement will proliferate market growth in the pharmaceutical sector.
 

Glycine market value from the food grade category is expected to gain traction between 2023 and 2032 as a result of rapid expansion in the agriculture sector. The increased need to improve nutrition delivery and utility has resulted in more use of high-tech food-grade goods. The increasing requirement to control acidity in food and drinks will provide a boost to segmental expansion.
 

Asia Pacific glycine market size is predicted to record significant growth due to the expanding medical sector and increased meat consumption. The rising population base, as well as the increased desire for low-cost generics, will play a vital role in fueling the APAC market development. While rising beef consumption, along with increased cotton output, particularly in Brazil, will boost the expansion of the Latin American glycine industry.
 

Some of the major glycine suppliers in the business are Zexing Group, Donghua Jinlong Chemical, Adm, Ajinomoto Inc., Dow Chemical (Dow Inc.), Yuki Gosei Kogyo Co. Ltd., Showa Denko KK, and Cargill. Companies are focusing their efforts on growth and marketing methods such as acquisitions, partnerships, innovative product development, capacity expansions, investments, and mergers to expand their customer base and portfolio.
 

Impact of the Russia-Ukraine war on the glycine market growth

The ongoing conflict between Russia and Ukraine may have an impact on the glycine market due to the presence of key glycine importers in Russia. The trade restrictions and economic sanctions between the two countries may affect the production and trade of glycine from Russia. The political instability in the region could also disrupt the transportation and logistics of glycine, leading to delays and uncertainty in the supply chain. Other factors such as economic conditions, consumer preferences, and regulatory changes may affect the glycine industry.
 

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