The global glycine market is expected to witness significant growth over the forecast period. Glycine is a non-essential amino acid that is used in various end-use industries, including food and beverage, pharmaceuticals, and personal care products. The increasing demand for glycine in the pharmaceutical industry, particularly for the production of drugs to treat neurological disorders, is driving market growth. Glycine is also used as a flavor enhancer in the food and beverage industry and as a moisturizer in the personal care products industry.
The Asia Pacific region dominates the global glycine market, with China being the largest producer and consumer of glycine globally. The region’s growing population and increasing disposable income have led to a surge in demand for glycine in various end-use industries, including pharmaceuticals, food and beverage, and personal care products. North America and Europe are also significant markets for glycine, driven by the increasing demand for dietary supplements and protein fortification in the food and beverage industry.
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The market for glycine is highly competitive, with major players investing in product innovation and development to cater to the growing demand for high-quality glycine products. Major players in the market include Ajinomoto Co., Inc., GEO Specialty Chemicals, Inc., Showa Denko K.K., and Yuki Gosei Kogyo Co., Ltd. The market is also characterized by strategic partnerships and collaborations among players to expand their product offerings and increase their market share. For instance, in 2021, Ajinomoto Co., Inc. entered into a partnership with Japanese biopharmaceutical company, PeptiDream Inc., to develop peptide-based therapeutics using Ajinomoto’s glycine-based peptide technology.
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