Global Zinc Glycinates Market, By Form (Dry, Liquid), Application (Pharmaceuticals/Nutraceuticals, Food Additives, Feed Additives, Personal Care Products) – Industry Trends and Forecast to 2029
Zinc Glycinate Market Analysis and Size
In the forecast period, an increasing number of applications from the preventive healthcare products sector will act as a factor for the zinc glycinates market. Several industry participants have been implementing strategic initiatives to gain a competitive advantage in evolving marketplaces, which has positively impacted overall business dynamics.
Data Bridge Market Research analyses that the zinc glycinates was valued at 1.23 billion in 2021 and is expected to reach the value of USD 2.19 billion by 2029, at a CAGR of 7.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Form (Dry, Liquid), Application (Pharmaceuticals/Nutraceuticals, Food Additives, Feed Additives, Personal Care Products)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Ajinomoto Co., Inc. (Japan), Clariant AG (Switzerland), Solvay SA (Belgium), BASF SE (Germany), NovoTech Nutraceuticals Inc. (U.S.), Dunstan Nutrition Ltd. (New Zealand), Shijiazhuang DonghuaJinlong Chemical Co Ltd. (China), Schaumann GmbH and Co. KG. (Germany), Aliphos Belgium SA/NV (Belgium), and Albion Laboratories, Inc. (U.S.)
|
|
Opportunities
|
|
Market Definition
Glycinates, also known as glycine chelates, are synthetic compounds with high skin similarity and frothing properties. These minerals have been prepared with the help of amino corrosive and other excellent synthetic substances to ensure the best nature of glycinates.
Global Zinc Glycinates Market Dynamics
Drivers
- Deficiency of essential minerals especially in developing nations is creating market demand
The increasing growth rate for the glycinates market share in the populace with supplement deficiency of essential supplements in agricultural nations is causing an expanded interest for useful food sources and refreshments items; this has increased the interest for zinc glycinates in the food varieties and drinks industry. Furthermore, the growing consumption of meat and meat products has necessitated the development of more nutritious feed products, which has significantly impacted the market development of zinc glycinates.
- Growing demand from the personal care and nutraceutical industry
Growing demand for zinc glycinates in personal care and cosmetic products is expected to drive global zinc glycinates market growth over the forecast period. Companies focusing on developing and selling manganese glycinate that can cure the deficiency among consumers. Furthermore, various health benefits and effectiveness associated with glycinates consumption are expected to drive demand for glycinates in the pharmaceutical and nutraceutical industries, driving zinc glycinates market growth over the forecast period.
Opportunities
Increasing international players' market penetration in developing regions to increase the region's customer base is expected to create lucrative opportunities for players operating in the target market.
Restraints
Increasing research and development costs and volatility in raw material prices are acting as market restraints for zinc glycinate growth during the forecast period. The lack of public awareness about the benefits of zinc glycinate in developing economies will be the most difficult challenge to market growth.
This zinc glycinates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the zinc glycinates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Zinc Glycinates Market
The COVID-19 Pandemic has caused bottlenecks in industry pipelines, transaction pipes, and store network exercises. This has put a significant financial strain on industry leaders' organisational spending. Glycinates Market size has increased the requirement for a promising situation investigation, value pattern information, and serious outcomes. Utilize the DBMR group to create new sales channels and capture previously unknown business sectors. DBMR assists its customers in filling positions in these uncertain business sectors.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Zinc Glycinates Market Scope
The zinc glycinate market is segmented on the basis of form and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Dry
- Liquid
Application
- Pharmaceuticals/Nutraceuticals
- Food Additives
- Feed Additives
- Personal Care Products
Zinc Glycinates Market Regional Analysis/Insights
The zinc glycinates market is analysed and market size insights and trends are provided by country, form and application as referenced above.
The countries covered in the zinc glycinates market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Regarding revenue contribution, the North American market dominates the global zinc glycinates market compared to markets in other regions. Europe is the second-largest revenue contributor to the global zinc glycinates market, trailed by Asia-Pacific, Latin America, the Middle East, and Africa markets. Over the next ten years, the Asia-Pacific market is expected to grow at a faster rate in terms of revenue. The expanding pharmaceutical and nutraceutical industries are expected to drive the global zinc glycinates market over the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Zinc Glycinates Market Share Analysis
The zinc glycinates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to zinc glycinates market.
Some of the major players operating in the zinc glycinates market are:
- Ajinomoto Co., Inc. (Japan)
- Clariant AG (Switzerland)
- Solvay SA (Belgium)
- BASF SE (Germany)
- NovoTech Nutraceuticals Inc. (U.S.)
- Dunstan Nutrition Ltd. (New Zealand)
- Shijiazhuang DonghuaJinlong Chemical Co Ltd. (China)
- Schaumann GmbH and Co. KG. (Germany)
- Aliphos Belgium SA/NV (Belgium)
- Albion Laboratories, Inc. (U.S.)
SKU-