Monosodium Glutamate Market Size, Share, and Analysis, By Market Source (Sugar Cane or Molasses, Tomatoes, Cheese), By Product (Monosodium Glutamate, Salted Monosodium Glutamate, Special Monosodium Glutamate), By Application (Additives, Preservatives, Flavor enhancers, Acidity regulators and others), By End User (Food Processing Industry, Medical/pharmaceutical industry, Livestock Industry, Cosmetic Industry and Others) and Regional Forecasts, 2022-2032
Monosodium Glutamate Market Size, Share, and Analysis, By Market Source (Sugar Cane or Molasses, Tomatoes, Cheese), By Product (Monosodium Glutamate, Salted Monosodium Glutamate, Special Monosodium Glutamate), By Application (Additives, Preservatives, Flavor enhancers, Acidity regulators and others), By End User (Food Processing Industry, Medical/pharmaceutical industry, Livestock Industry, Cosmetic Industry and Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
The Monosodium Glutamate market size was USD 5.63 billion in 2021 and projected to grow from USD 6.4 billion in 2023 to USD 11.2 billion by 2032, exhibiting a CAGR of 6.5 % during the forecast period.
The sodium salt of glutamic acid is called as Monosodium glutamate (MSG). It is a nonessential amino acid. The usage of Monosodium glutamate is recognized as safe by United States Food and Drug Administration (USFDA). Food products containing high levels of monosodium glutamate are parmesan cheese, seaweed, tomatoes, soy sauce etc. Monosodium glutamate is widely utilized in several food items at fast-food centers, restaurants, mostly in non-veg dishes. It is used in commercially packaged food items like cheese-flavored chips, canned soup, crackers, gravy mixes, instant noodles, or pre-prepared gravies.
MARKET HIGHLIGHTS
The Monosodium Glutamate Market is expected to reach USD 11.2 billion at a CAGR of 6.5% during forecast period owing to the rising usage of monosodium glutamate in cooking of meat products, seasonings, soups, noodles, broth, dressings etc. which are at a high demand and are aiding for the growth of the monosodium glutamate market during the forecast period. Monosodium glutamate is used for enhancing the flavor and shelf life of the food. Glutamate is an essential amino acid found in living beings and in protein-containing foods like seafood, dairy products, vegetables, mushrooms, fruits and nuts etc.
Global Monosodium Glutamate Market Segments:
- By Market Source
- Sugar Cane or Molasses
- Tomatoes
- Cheese
- By Product
- Monosodium Glutamate
- Salted Monosodium Glutamate
- Special Monosodium Glutamate
- By Application
- Additives, Preservatives
- Flavor enhancers
- Acidity regulators
- Others
- By End-User
- Food Processing Industry
- Medical/pharmaceutical industry
- Livestock Industry
- Cosmetic Industry
- Others
MARKET DYNAMICS
Growth Drivers
Rising Demand for Processed Food is Expected to Boost the Growth of the Market
Increasing utilization in Restaurants is Expected to Boost the Growth of the Market
Restraint
Increasing Health Concerns May Restrain the Market Growth
Key Players
- Cargill Inc
- Fufeng Group
- Kerry Group
- Meihua Holdings Group Co Ltd
- COFCO
- R.M. Chemicals
- Ningxia Eppen Biotech Co Ltd
- Global Bio-Chem Technology Group Company Limited
- Sunrise Nutrachem Group
- Eppens. Cn
- Gremount International Company Limited
- Tate & Lyle Plc
- Glutamate Association
- Vedan International
- Ajinomoto Co Inc
- Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.