Glycogen Market By Source (Plant Based, Animal Based), By Application (Personal Care & Cosmetics, Food, Sports Nutrition, Pharmaceuticals, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The global glycogen market volume was 2,176.6 tonnes in 2017 and is expected to grow at a 5.8% CAGR during the forecast period from 2018 to 2026. Glycogen is a multi-branched glucose polysaccharide that acts as an energy reservoir in animals, humans, bacteria, and fungi. Glucose is the key foundation of energy or fuel in cells. At the point when the body doesn't need to consume the glucose for energy, it stores it in the muscles and liver. This stored glucose is called glycogen, which is composed of several connected molecules. The polysaccharide arrangement of glycogen denotes the main storage method for glucose in the body. Glycogen is an analog of starch, a polymer that works as an energy storage unit in plants. There are two major methods of glycogen production: the extraction of glycogen from natural sources such as animal tissues and shellfish and the synthesis of glycogen from glucose-1-phosphate.

The use of glycogen is gaining traction owing to rising demand from current and emerging applications, advancements in technology, and demand for organic ingredients in pharmaceuticals and cosmetics. Moreover, increasing applications of glycogen in food supplements and personal care and cosmetics products are expected to stimulate demand over the next few years. However, expensive raw materials and a complex manufacturing process are anticipated to restrict the market growth.

The demand for glycogen is high from applications such as food, sports nutrition, and pharmaceuticals, among others. Plant-based glycogen is more in demand due to its natural and abundant presence and because it is available for low prices. Animal-based foods are generally more expensive than plant-based foods. Rising awareness of the requirement for glucose as an instant energy source is one of the driving factors for the market globally. More and more food supplements are now rich sources of glycogen that can be consumed directly, and no special formulation is required.

Expansion and product development are the key strategies being adopted by dominant players such as Glico Nutrition Co. Ltd., Thermo Fisher Scientific Inc., etc., in the global glycogen market to gain a competitive edge over other market players.

Market Snapshot: Global Glycogen Market Volume

Plant-based led the source segment and was expected to maintain its dominance during the forecast period.

By source, the glycogen market is broadly segmented into two major categories, namely plant- and animal-based. The animal-based segment is further sub-categorized into terrestrial animals (rabbit, bovine, etc.) and marine animals (mussels, oysters, squid, crab, lobster, etc.).

In 2017, the plant-based segment accounted for the largest market value share of 77.0% of the total glycogen market. Whereas, in the animal-based segment, terrestrial animals accounted for 80.0% of the market share and were projected to maintain their dominance during the forecast period from 2018 to 2026.

Glycogen is prepared from several plant-based sources, such as sweet potatoes, cornstarch, tubers, chia seeds, and gum powder, among others. These plant sources contain high amounts of starch, which is the main reservoir of glucose storage.

Because of rising awareness among athletes and gymgoers about the nutritional benefits of glycogen, the sports nutrition segment dominated the glycogen application market.

The global glycogen market has been segmented into personal care and cosmetics, food, sports nutrition, pharmaceuticals, and others. In 2017, the sports nutrition segment held the largest share of the global glycogen market.

Glycogen in sports nutrition mainly finds application in recovery drinks, supplements, sports gels and chews, and sports drinks, among others. Hence, the wide range of applications of glycogen in sports nutrition products, followed by increasing awareness among athletes regarding the nutritional benefits of glycogen, is projected to augment the demand for sports nutrition products over the forecast period. Over the forecast period, the personal care and cosmetics segment is projected to trail the sports nutrition segment. The growing use of natural ingredients in personal care and cosmetic applications is anticipated to drive the growth of the segment during the forecast period from 2018 to 2026. Other segments mainly include dairy and infant formula, among others.

Developing Economies with Significant Growth Potential in the Glycogen Market

The Asia Pacific region accounted for the largest share of the glycogen market in 2017 by volume and is expected to remain dominant throughout the forecast period. Globally, the starch products that are prepared that are rich sources of glycogen are maize, tapioca, cationic starch, gum powder, and thin boiling starch, among others. These products are in high demand from the cosmetics industry, the food industry, and the sports nutrition industry. Demand for glycogen is also increasing in developing regions such as Asia-Pacific. More players, like India Glycol, Panel Japan Co., Ltd., and Angelini Group, among others, are venturing into the glycogen business full-time.

North America accounted for the second-largest volume share of the glycogen market. The largest segment is plant-based glycogen, and maize is one of the most important cereal varieties for glycogen extraction. The yield and pest resistance of the maize crop led to its cultivation being spread globally. Starch is an important source of glycogen and one of the most abundant storage compounds in plants. The amylose and amylopectin enzymes in conjugation make up starch, and artificially produced enzymes help break up starch into glycogen. Most of the nutrition and food industry companies in North America use it for glycogen preparation.

Because of the low market entry barrier, competitive rivalry is expected to intensify during the forecast period.

The competitive rivalry is currently low in the global glycogen market because of the limited presence of players. The majority of the key players present in the market are considerably strong in terms of product offering strength, as each and every player is capable of offering a wide variety of glycogen due to the easy availability of sources and increasing demand from several ends use. Market players have restricted their businesses to limited products and are striving to maintain their positions by offering excellent products that comply with the highest quality standards worldwide. Also, many players are aggressively investing in product innovation and maintaining product quality at their in-house R&D facilities. Few of them possess moderately high business strength owing to their global reach by catering to several countries through export and overseas distribution channels. Key players in the glycogen industry include Merck KGaA, Thermo Fisher Scientific Inc., Glico Nutrition Co. Ltd., Perkin Elmer, Cayman Chemical Company, and Chem-Impex International, Inc., among others.

Periods of History and Forecast

Our study analyzed each market segment during the period of 2016 to 2026, with 2017 as the base year. The forecast period between 2018 and 2026 is considered for the CAGR calculation.

Report Scope

The report provides a comprehensive overview of the global glycogen market by categorizing it into the following segments:

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global glycogen market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

  • What are the current market trends in the glycogen market, and what opportunities exist for players?
  • How do environmental regulations affect global as well as regional markets?
  • Which is the most lucrative region for investment?
  • What are the market size and trends in emerging markets?
  • Which are the sources of glycogen across different geographies?
  • Which are the major applications of glycogen and their market sizes?
  • Which are the leading players and their market positions?

Frequently Asked Questions:

The market for Glycogen Market is expected to reach US$ XX in 2026.

The Glycogen Market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Merck KGaA, Thermo Fisher Scientific Inc., Glico Nutrition Co. Ltd., Perkin Elmer, Cayman Chemical Company, and Chem-Impex International, Inc are some of the major players in the global market.

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Published Date:  Aug 2018
Category:  Food & Beverage
Report ID:   59289
Report Format:   PDF
Pages:   120
Rating:    4.2 (55)
Delivery Time: 24 Hours to 48 Hours   
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