The global glycogen market is expected to grow at a CAGR of 6.5%. Glycogen is a multi-branched polysaccharide of glucose that serves as a form of energy storage in animals, fungi & bacteria. The key drivers of the market include sports nutrition industry, ensuring maximum sale of nutrition products across the globe. The key application of glycogen includes personal care and cosmetics products, food products, pharmaceuticals and other. Glycogen plays vital role in human body as it enhances growth by producing energy and maintains the blood glucose levels. Rise in awareness about health among people has led to life style changes and therefore, healthy habits have become the priority. The change in lifestyle, increase in disposable income levels and rise in social awareness are the key factors ensuring the market growth of glycogen market.
The ability of athletes training on day to day depends on adequate restoration of muscle glycogen stores, this is a process that requires the consumption of sufficient dietary carbohydrates with ample time. The US Institute of Medicine’s recommended daily allowance for carbohydrate consumption in sedentary adult men & women to be 130 g, with additional carbohydrates required to match that oxidized during physical activity, a value that varies with the duration and intensity of exercise. The sports industry has significant growth during the pandemic as people had to deal with weight management with lesser work out options due to lockdown. Sports nutrition products include various products such as vegan and organic products, supplements, protein food, protein shakes and weight loss products. Over 60% of the population spend more than $40 each month, and about 13% of the US citizens shell out over $100 on supplements per month.
Tremendous rise in awareness pertaining to health care has resulted in the use of glycogen in various sectors as, cosmetics, food, nutrition & pharmaceutical. Nutrition segment contributes the highest to the revenues as nutrition is daily part of life cycle for the people undergoing gym activities, sports, patients suffering from various diseases to maintain the intake level of nutrients. Almost 30% of the individuals were using or have used protein supplements. Out of the total, 43% of male individuals use supplements. The use of protein supplements was higher has been increasing. More than a 25% of the total individuals who attend gym use protein supplements.
Asia Pacific region accounted for the largest share of glycogen market in 2020 by volume and is expected to remain dominant throughout the forecast period. Globally, the starch products prepared that are rich source of glycogen are maize, tapioca, cationic starch, gum powder, and thin boiling starch amongst others. These products are in high demand from the cosmetics industry, food and sports nutrition industries. The developing regions such as Asia Pacific are also bolstering demand for glycogen. More players like India Glycol, Panel Japan Co., Ltd., and Angelini Group amongst others are venturing into glycogen full time business.
North America accounted for the second largest volume share of glycogen market. Plant based glycogen is the largest segment and primarily maize is one of the largest cereal variety to extract glycogen. The yield and pest resistance of maize crop led to its cultivation being spread globally. Starch is an important source of glycogen and is one of the most abundant storage compound in plants. The amylose and amylopectin enzymes in conjugation makes up starch and artificially produced enzymes helps in break-up of starch into glycogen. Most of the nutrition and food industry companies in North America use it for glycogen preparation.
Key Players
Key players in market include SpectGlycogenm Chemical Mfg. Corporation, Thermo Fisher Scientific Inc, Tokyo Chemical Industry Co., Ltd, AMO Pharmaceuticals, Cayman Chemical Company, LG Chem, Mitsubishi Chemical, Takeda Pharmaceutical. Market players have restricted their businesses to limited products and striving to maintain its position by offering excellent products complying highest quality standards worldwide. Also, many players are aggressively investing on product innovation and product quality maintained at their in-house R&D facilities.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Glycogen market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
