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Oct 12, 2018
Market Highlights
Glycine is a nonessential amino acid that is found in proteins. Glycine acts as a neurotransmitter that stimulates or inhibits the function of the brain and nervous system. Glycine supplements are widely consumed for improving sleep, enhancing memory, bone & joint health, and increasing insulin sensitivity. The market is growing at a rapid pace due to raising awareness about weight management and maintenance of a healthy lifestyle, increasing incidences of diseases due to a sedentary lifestyle, and a lack of balanced diet.
The increasing geriatric population, growing incidences of diseases due to a sedentary lifestyle and a lack of balanced diet, increasing awareness towards weight management, and maintenance of a healthy lifestyle is anticipated to drive the market growth of the global glycine supplement market. However, safety concerns of glycine supplement and increasing regulatory pressures are expected to restrict the market growth.
Glycine Supplement Market Growth is expected to register a CAGR of 5.75% during the forecast period with a market value of USD 62,152.83 Thousand till 2025.
Key Findings of the Study
• The Global Glycine Supplement Market was valued at USD 42,163.96 Thousand in 2018 and is expected to register a CAGR of 5.75% during the assessment period.
• The Americas accounted for the largest share of the global market due to the presence of key market players; and increasing awareness towards weight management and maintenance of a healthy lifestyle attributed to the growth of glycine supplement in the US and Canada.
• Based on the dosage form, the solid segment accounted for the largest market share of 6% in 2018.
• Based on application, the sleep problems segment accounted for the largest market share of 1% in 2018.
• Based on the distribution channel, the retail store segment accounted for the largest market share of 0% in 2018.
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