Global Glycinates Market is Expected to Reach USD
1488.10 Million by 2025: According to BlueWeave
Consulting
According to BlueWeave Consulting report, the Global Glycinates Market was
valued at USD 984.10 million in 2017 and is projected to expand at a CAGR of
5.15% from 2018 to 2025, by value, reaching around USD 1488.10 million by the
end of the forecast period.
Growing demand from supplements & healthcare products is driving the global
glycinates market
Magnesium glycinates are often used in health supplement products over other magnesium
forms, as the body finds it easier to absorb this form. It is also one of the gentlest
supplements, unlike other forms of magnesium. It does not cause as many side effects,
such as an upset stomach or loose stools. This characteristic makes magnesium glycinates a
good supplement for people recovering from bariatric surgery or anyone who might be at
risk for magnesium levels which is stimulating the demand for magnesium glycinates over
the forecast period.
With the rising opportunities in meat & dairy sector, there has been a shift in the focus of
manufacturers towards animal feed. This is also anticipated to increase the consumption of
glycinates in livestock feed. Glycinates is used in farming and agriculture industries to feed
chicken and cattle in order to provide important nutrients for their growth. The government
authorities are implementing strict regulation in Europe and the United States, which has
banned the use of certain antibiotics as growth promoters in animals. Thus, stringent
regulations against antibiotics in the livestock feed industry will promote the glycinates
market by 2025.
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Magnesium Glycinate has dominated the market and accounted for the highest
market share of 30.26% of the total market in 2017, which is projected to reach over
33.83% by 2025 owing to its usage in pharmaceutical industry.. Magnesium glycinate is an
essential nutrient which is easier to absorb and is among the gentlest supplement on the
stomach.
The pharmaceutical application is expected to reach around USD 312.26 million by
the end of 2025, which is driven by the factors like used in a heavy amount, for the
production of various mineral enriched medicines and oral care products which drove the
market. Growing concern towards healthcare products and mineral supplements is driving
this segment.
North America is the largest market for Glycinate across the globe.
The demand for Glycinates in the region is expected to rise with a CAGR of 6.11% , in terms
of value, generating revenue of around USD 633.04 million by 2025. China, dominates the
region with a CAGR of 6.39% during 2018-2025, anticipated to expand owing to increasing