
Significance of proteinogenic amino acids continues to gain foothold in large-scale production of several consumer goods. Drugs, food products, beverages and various other consumables can be derived from them, necessitating their presence as a key raw ingredient. Glycine is one such crucial constituent that continues to gain demand from all corners of the globe. This demand primarily emanates from effective application of glycine in production of meat & poultry products, glyphosate-based drugs & pharmaceuticals, as well as cosmetic care products. Persistence Market Research recently studied the growth of global glycine market, and published its forecast for the coming decade in a report, titled "Global Market Study on Glycine: Asia Pacific and Europe Anticipated to Witness Significant Growth Between 2016 and 2024 ." According to the report, more than 165,000 tons of glycine, which will be worth around US$ 1,192.2 Mn, will be consumed globally by the end of 2024.