Glycinates Market Insights With Statistics and Growth Prediction 2019 Glycinates Market

Glycinates Market Insights With Statistics and
Growth Prediction 2019 to 2025
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.
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.
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.
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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
demand for Glycinates in the emerging economies like India and others due to its usage in
livestock feed additives.
Global Glycinates Market: Competitive Dynamics
Major industry players in global glycinates market are adopting different strategic initiatives
such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in
the glycinates market. For instance, in November 2017, BASF SE entered into a partnership
with Avitech Nutrition to expand organically-bound trace elements for animal feed