QY Research, Inc: Global Glutamine (Gln) Market to Reach Valuation of US $153.1 Mn by 2026|
Industry: Market Research
The global Glutamine (Gln) market is anticipated to grow at more than US$ 150 Mn by the end of 2026, registering a sluggish growth rate of 1 % between 2020 and 2026. The market was valued at a little more than US$140 Mn in the year 2019.
Los Angeles, CA (PRUnderground) February 22nd, 2020
The global Glutamine (Gln) market is growing at a fast pace since the last few years. One of the key reasons behind this growth is a rising awareness among the population about the consumption of protein supplements. Nevertheless, the prices of supplementary health products have skyrocketed in recent times which is likely to pose a challenge for the growth of the market in the years to come. Considering the growing demand and popularity of glutamine across the globe QY Research has come up with a new report titled,“Glutamine (Gln) Industry Report: Company Analysis, History Future Overview, Global Sales Trends by 2025.”
Allergic Reactions are Likely to Hamper the Growth of the Muscle Building Segment
The application segment of the market is divided into Pharmaceutical, muscle building, supplements, cosmetics, and personal care, and Others. Glutamine is increasingly being used in health supplementary products to build mass. However, these products might create allergic reactions, which is expected to hamper the growth of the muscle-building segment of the market.
The type segment of the Glutamine (Gln) market is classified into L-Glutamine and D-Glutamine.
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The Asia-Pacific Region is Expected to Emerge As a Profitable Market
The market in the Asia Pacific region is predicted to flourish remarkably in the next 6-years as a result of growing awareness among the population about protein and other health supplements.
North America is the largest producer of Glutamine (Gln) and the market here is expected to get benefits from high consumption of protein supplements.
Market Players are Keen to Enter into Agreements with Suppliers
Some of the leading companies functioning in the market are Kyowa Hakko Kirin, Ajinomoto, Daesang, Fufen, and Meihua. Manufacturers are intent on strengthening their distribution channels and are focusing on entering into new agreements with suppliers.
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High Prices of Health Supplements Containing Glutamine (Gln) is Expected to Hamper the Growth of the Market
Wellness is assumed as new luxury and to maintain a healthy lifestyle people are willing to shell out more money from their pockets. This increasing craze for fitness has been increasing the popularity of the various health supplements including glutamine and this is precisely creating a positive impact on the growth of the global Glutamine (Gln) market. However, the overall growth rate of the market is sluggish because of the skyrocketing prices of the glutamine containing health supplements.
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About QYR Consulting
QYR Consulting established as a research firm in 2007 and has since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for a wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.