Global Monosodium Glutamate (MSG) Market to Reach US$10.0 Billion by 2030
The global market for Monosodium Glutamate (MSG) estimated at US$7.3 Billion in the year 2023, is expected to reach US$10.0 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Additives Application, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Preservatives Application segment is estimated at 3.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 7.1% CAGR
The Monosodium Glutamate (MSG) market in the U.S. is estimated at US$1.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
What Is Monosodium Glutamate and How Is It Used in the Food Industry?
Monosodium Glutamate (MSG) is a flavor enhancer commonly added to food to intensify and enhance the taste. It is the sodium salt of the naturally occurring non-essential amino acid, glutamic acid. Frequently found in stock cubes, snacks, ready-to-eat meals, and fast foods, MSG is known for providing the umami flavor, which is one of the five basic tastes, alongside sweet, sour, bitter, and salty. Its introduction to the food industry dates back to the early 20th century, gaining prominence after its discovery by Japanese biochemist Kikunae Ikeda. MSG is commercially produced through fermentation of carbohydrates, a process similar to yogurt and vinegar production, making it suitable for inclusion in a wide variety of culinary applications.
Why Is the Food Processing Industry Increasingly Relying on MSG?
The food processing industry`s reliance on MSG is driven by the compound’s ability to enhance flavor profiles without adding additional sodium content as compared to ordinary salt, which can be beneficial in creating low-sodium food products that are flavor-rich. As consumer preferences shift towards ready-to-eat meals and convenience food, the demand for MSG has surged. This ingredient is critical in achieving desired flavors in processed foods while maintaining low production costs. Furthermore, the globalization of food trends has broadened the scope of MSG`s use across various cuisines, increasing its incorporation in a variety of new and traditional dishes worldwide.
How Is Consumer Perception Shaping the MSG Market?
Consumer perceptions of MSG have evolved significantly over the years. Initially faced with controversies over health concerns, MSG has witnessed fluctuating levels of acceptance globally. However, scientific research debunking myths about its negative health impacts has led to renewed consumer interest and regulatory endorsements. As food safety authorities like the FDA have affirmed MSG`s safety, affirming that it is safe for the general population when consumed in normal amounts, the market has seen a revival in MSG`s acceptance. Food manufacturers are also transparently marketing products containing MSG, which helps in educating consumers and rebuilding trust. This shift in perception is crucial in driving MSG`s integration into new food products and markets.
What Drives the Growth in the Monosodium Glutamate Market?
The growth in the monosodium glutamate market is driven by several factors. The increasing global demand for processed foods and the widespread cultural acceptance of global cuisines play a significant role in this expansion. Technological advancements in production and the use of fermentation to create MSG have allowed for higher yields and lower costs, facilitating its widespread use in the food industry. Moreover, evolving consumer preferences towards tasty yet health-conscious diets have fostered demand for MSG as a flavor enhancer that does not significantly contribute to sodium intake. Additionally, the growing food industry in emerging markets presents ample opportunities for MSG’s increased usage, particularly in fast-food sectors and culinary applications where enhancing flavor is critical.
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