Glycine Market: Overview

Glycine is a colorless, sweet tasting, water soluble amino acid. It is insoluble in ethanol, ethyl ether, and moderately soluble in acetone. Glycine is used as an amino acid to produce protein in the body.

High demand for medicines drives the global glycine market. Glycine is primarily used for the treatment of schizophrenia, stroke, sleep problems, metabolic syndrome, and metabolic disorders. It regulates the body’s blood sugar level and stimulates and cell growth in the central nervous system. Glycine, being a protein producing amino acid, is used to increase muscles mass of the body.  Rise in awareness about fitness and health among people is projected to fuel the global market for glycine during the forecast period.

Glycine Market: Key Segments

Based on grade, the global glycine market can be segmented into United States Pharmacopeia (USP) grade and technical grade. In terms of purity, the USP grade is used as an additive to enhance flavor or reduce acidity in foods, beverages, animal feed, personal care products, and cosmetics. Technical grade glycine finds its application in industries such as solvents for separating carbon dioxide in the fertilizer industry and production of glyphosate.

Based on end-user industry, the global glycine market can be divided into pharmaceutical, food & beverage, personnel care & cosmetics, chemical, and others (including fertilizers). Glycine is extensively employed in the pharmaceutical industry, as it is used as a neurotransmitter in the central nervous system, for stimulating the cells of the brain. Additionally, it is used as a buffering agent in antacids, analgesics, antiperspirants, and prevents sample damage during electrophoresis. It is used as a food additive in pet food, animal feed, and as a taste enhancer in food for humans. Glycine is used in production of rubber sponge-based products and herbicide such as glyphosate. Additionally, glycine finds its application in building muscle mass, as it can enhance the protein content of the body. In cosmetics and personal care products, glycine impart antistatic properties therefore it is used for conditioning of hair and skin.

Glycine Market: Regional Outlook

In terms of region, the global glycine market can be segregated into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia Pacific is anticipated to constitute a major share of the global market during the forecast period. China and India, being highly populated countries, have large number of aged people. Increase in the global geriatric population is anticipated to boost the demand for long-term treatment of diseases. Increase in affordability of drugs due to rise in launch of low priced generics is fueling the demand for medicines. This, in turn, is driving the global glycine market.

Glycine Market: Key Players

Prominent players operating in the global glycine market include GEO Specialty Chemicals, Inc., Merck KGaA, Phion Ltd., Amino GmbH, Yuki Gosei Kogyo Co., Ltd., Showa Denko KK, Chattem Chemicals, Inc., and Ajinomoto North America, Inc. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Glycine Market

Pre Book