Global Monosodium Glutamate (MSG) Market 2024-2028
The monosodium glutamate (MSG) market is forecasted to grow by USD 1642.4 mn during 2023-2028, accelerating at a CAGR of 5.52% during the forecast period. The report on the monosodium glutamate (MSG) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased awareness and acceptance of MSG, strategic marketing of MSG and product innovations by market vendors, and growing popularity of asian cuisines.
Technavio's monosodium glutamate (MSG) market is segmented as below:
By Distribution Channel
By End-user
- Food processing industry
- Restaurants
- Institutional food service
- Direct consumer
By Geographical Landscape
- APAC
- Middle East and Africa
- Europe
- North America
- South America
This study identifies the expansion of MSG applications as one of the prime reasons driving the monosodium glutamate (MSG) market growth during the next few years. Also, growing emphasis on sustainable and ethical sourcing of MSG and advances in fermentation and production technologies in MSG manufacturing will lead to sizable demand in the market.
The report on the monosodium glutamate (MSG) market covers the following areas:
- Monosodium glutamate (MSG) market sizing
- Monosodium glutamate (MSG) market forecast
- Monosodium glutamate (MSG) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading monosodium glutamate (MSG) market vendors that include Ace Ingredients Co. Ltd. , Ajinomoto Co. Inc., Badia Spices Inc., BAKERS AUTHORITY, Bolners Fiesta Products Inc., ChemCeed, Daesang Corp., Foodchem International Corp., Lerochem, Masda Chemical Pte Ltd, Meihua Holdings Group Co. Ltd., Merck KGaA, Pearl River Bridge, Prakash Chemicals Agencies Pvt. Ltd., Puramate India Pvt Ltd, The Great American Spice Co., Urban Platter, VEDAN Weidan Enterprise, Waltons, and World of Spice.. Also, the monosodium glutamate (MSG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.