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Global Glutamine (Gln) Market is Anticipated to Attain the Value of US$ 153.1 Mn by 2026

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 Published Date : 07 Feb 20   |   Views: 62   |  Industry : Chemical & Material

Global Glutamine (Gln) Market is Anticipated to Attain the Value of US$ 153.1 Mn by 2026

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.” The report offers a dashboard view of the market, which will help our clients in developing pricing strategies. After thoroughly examining the market, our analysts have come to the conclusion that 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.

Segmental Analysis

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. Howeverthese 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.

Global Glutamine (Gln) Market is Anticipated to Attain the Value of US$ 153.1 Mn by 2026

Asia Pacific

Global Glutamine (Gln) Market is Anticipated to Attain the Value of US$ 153.1 Mn by 2026

Regional Analysis


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.  

Key Players


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.


Global Glutamine (Gln) Market is Anticipated to Attain the Value of US$ 153.1 Mn by 2026

Global CAGR During 2020-2026


1%

Market Dynamics


High Prices of Health Supplements Containing Glutamine (Gln) is Expected to Hamper the Growth of the Market

Wellness is assumed as a 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. 


For further information, check :https://www.qyrconsulting.com/reports/glutamine-gln-market

 


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