Magnesium Glycinate Market Size

Magnesium Glycinate Market size was valued at USD 1.36 billion in 2024 and is likely to cross USD 2.6 billion by 2037, registering more than 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of magnesium glycinate is estimated at USD 1.47 billion.

The growth of the market can be attributed to the expansion of the chemical industry worldwide. For instance, the Indian chemical industry accounted for nearly USD 170 billion in the year 2019 and is anticipated to reach around USD 300 billion by 2025. The market is expanding owing to the increasing use of chemicals in many sectors including food processing, automobiles, pharmaceuticals, and the construction industry, for instance, the pharmaceutical industry utilizes several chemicals including magnesium glycinate to manufacture medicines and drugs. Additionally, the growing textile industry also has a huge impact on the rising use of chemicals which in turn impacts the growth of the magnesium glycinate market.

Glycinates are widely used in the manufacturing process of food and beverages, animal feed, and the healthcare sector. These are the byproducts obtained from the salt or ester of glycine and amino acids. The growing awareness of people about health, nutritional deficiencies, and concern regarding the environment is estimated to have a positive impact on market growth across the globe. The increasing preference and adoption of people towards products originating from plants have made the manufacturers prepare glycinate-enriched products to meet the demand associated with mineral deficiency. Moreover, the rising industrial production across the world is estimated to boost the global magnesium glycinate market growth during the forecast period. For instance, the rate of industrial production in China increased by nearly 4% between July 2020 and July 2022 as compared to the previous year.