Steady growth in demand for glycine within the food industry is primarily contribute towards the growth of globalglycine market. Witnessing a moderate CAGR over2019 2029, glycine consumption will reach the mark ofUS$ 1 Bnby2029end. As per the findings of a new study published by Persistence Market research (PMR), increasing demand for meat and meat products will also remain

Besides, glycine continues to find extensive application in dietary supplements. It acts as a chemical building block in variety of industrial, technical, and synthetic applications such as pesticides and herbicides, which would remain among the key boosters to the growth of glycine market during the following years.

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Key Takeaways Global Glycine Market

As manufacturers are focusing on production capacity expansions, it is expected that the average prices for glycine will be lower than that seen in the last few years. This will play a key role in driving demand for the product in foreseeable future.

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Glycine Market: Conclusion

Growing applications of glycine in pharmaceutical, pet food, cosmetic, and chemical industries are providing a major boost to the growth of the glycine market. North America is estimated to account for a prominent share of the market and remain an attractive region in the global market. The U.S. is a top consumer of glycine, whereas China, Germany, and Belgium are major producers and exporters. Manufacturers are focusing on launching new grades of glycine to adhering to the regulatory norms.

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Glycine Market by Size | Growth | Analysis | Trends and Forecasts to 2019 2029 - Cole of Duty