GLYCINE MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Rising demand for glycine from various end users is driving growth of the market. Growing processed food market is expected to increase demand for glycine, owing to rising demand for easy and ready to cook food and fast food. Moreover, new food concepts such as ‘free food’, ‘rush-hour foods’, and others is expected to drive demand for glycine in the near future. The global consumption of animal products such as meat, milk, and eggs is expected to increase due to rising demand for protein-rich food. This in turn will increase demand for glycine in the animal feed, thereby fueling growth of the glycine market.

Glycine is widely used in cosmetic industry. Therefore, rising demand for cosmetic products due to change in the lifestyle of consumers will drive the glycine market growth. For instance, it has been estimated that in the U.S., over 30% of glycine is used as an additive in cosmetics and personal care products, mostly deodorants and antiperspirants.