Market Research Future (Food and Beverages) Glycinates Market Research Report | Page 3

Glycinates Market Research Report- Forecast till 2023
2 Market Overview
Increasing demand for dietary supplements and nutritive food & feed is one of the major factors contributing to the
growth of the global glycinates market. Additionally, the increasing demand for functional food & beverage and high-
performance feed products has surged the demand for glycinates at a global level. Glycinates are serving as an
important additive in most of the food, beverage, supplements, and animal feed products. Availability of glycinates
in various forms has influenced the demand from various industries apart from food & feed industry.
The global glycinates market share in the foods & feed industry is intensifying by the growing demand for functional
food & feed additives in the developed & developing countries. Glycinates are found to have wide application in food
& feed, amongst which the application in the production of functional food & beverages is increasing at a higher rate.
Increasing prevalence of deficiency diseases among the growing population is found to be a key factor responsible
for the growth of glycinates market.
Furthermore, improved processing methods and demand for nutritive food products in the developing countries are
positively supporting the growth of the global glycinates market. Additionally, restriction on the use of antibiotics in
food & feed formulations in the North American & European region is adding fuel to the market growth. However,
fluctuating prices of raw material and high cost incurred on the industrial setup may hamper the growth of the market.
Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.5% of the glycinates market
during the forecast period 2017-2023.
Key Findings:
Asia Pacific region is experiencing a high demand for glycinates as a feed additive
Application of magnesium glycinates in the dietary supplements industry is experiencing a higher growth rate
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