Global Glycine Supplement Market: Information by Dosage Form (Solid and Liquid), Application (Sleep Problems, Joint and Bone Health, Cardiovascular Diseases and others), Distribution Channel (Retail Store, Online Store and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2025
Generally, the glycine supplement market has been identified as one of the fastest-growing industries, owing to the growing demand for health and wellness products, increasing awareness and incidence of lifestyle-related diseases, aging population, increasing urbanization, rising income and GDP, and consumerism. Glycine supplements in an age of personalized nutrition are regarded as one of the most noteworthy changes in the healthcare sector because of its capability to provide improved drug delivery for the better patient treatment process. The demand for glycine supplement s is increasing due to the increasing geriatric populace, growing incidences of diseases due to a sedentary lifestyle. Glycine Supplement Market is expected to register a CAGR of 5.75% and was valued at USD 42,163.96 Thousand in 2018.These factors are expected to fuel the growth of the global glycine supplement market. Though, safety concerns of glycine supplement and increasing regulatory pressures are expected to hamper the market growth.
The Glycine Supplement Market is segmented based on dosage form, application, and distribution channel respectively. The market, based on dosage form, has been isolated into solid and liquid. Based on application, the glycine supplement market has been divided into sleep problems, joint and bone health, cardiovascular diseases, and others. The high prevalence rate of diseases due to growing adoption of an unhealthy lifestyle characterized by growing demand of fast food is leading to rising obesity and related health issues. This inadvertently leads to the lack of consumption of a balanced diet. Corresponding to the World Health Organization (WHO), in 2016, over 17.9 million people died from cardiovascular diseases, representing 31% of all the global deaths. Companies are actively struggling against each other for the development and introduction of better diagnostic and treatment devices for CVD. Thus, increasing prevalence of cardiovascular diseases is projected to drive the growth of the market. According to a report circulated by the American Association of Diabetes Educators, in 2018, 30.3 million people were diagnosed or living with diabetes (i.e., 9.4% of the US population). In 2017 about 30.3 million people had diabetes, out of which 23.1 million people were formed with diabetes, while 7.2 million people remained undiagnosed in the US, as per the Center for Disease Control and Prevention (CDC). Based on distribution channel, it is split into retail stores, online stores, and others.
Geographically the Glycine Supplement Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. Coal is the main source of energy as two-thirds of the country’s energy is generated by coal-fired factories. Also, customer commodities, automotive, industrial, and managing businesses, include metals in very higher numbers thus pushing the demand for detonators all over the nation. Consequently, China is one of the main makers of detonators in Asia-Pacific. Coal and metal utilization have improved to meet up the soaring demand for manufacturing, fabrication and energy/ power production. The region has surfaced as one of the greatest customers of metals, coal and metals due to the rapid urbanization and infrastructure development, demand for economic power generation, and development in manufacture, food handling and chemical activities. Therefore, the requirement for a variety of metals and coal is growing all over the region, which is projected to call the requirement for detonators that are applied for removing metals and coal all through the said forecast period. Consequently, Asia-Pacific is likely to corroborate tremendous increase in the detonator market, due to the requirement for various metals and coal respectively.
The proposed spectators in the Glycine Supplement Market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Glycine Supplement Market are concentrating on firming their global ways by entering untouched markets. The projected onlookers in the Glycine Supplement Market are companies like Now Foods (US)., HVMN Inc. (US), HVMN Inc. (US), Thorne (US), Source Naturals, Inc. (US), West-Coast Pharmaceuticals Works Ltd (India), Pure Encapsulation, LLC (US), Douglas Laboratories ( US), Best Naturals (US), The Nature’s Bounty Co. (US).