Global Monosodium Glutamate Market is Expected to Grow At ~4.90% CAGR During 2022-2032

Pune, India, April 27, 2017, /MRFR Press Release/- Market Research Future published a half cooked research report on Monosodium Glutamate Market. 

Monosodium Glutamate Market Highlights

Market Research Future (MRFR) recognizes the following companies as the key players in the global monosodium glutamate market: Fufeng Group (China), AJINOMOTO Co.Inc.(Japan), Vedan International (Holdings) Limited. (Hong Kong), Ningxia Eppen Biotech Co.(China), KYOWA HAKKO BIO CO.LTD. (Japan), Shandong Linghua MSG Co., Ltd (China), Shandong Qilu Biotechnology Group (China), Shandong Shenghua Group (China), Jianyang Wuyi MSG Co. Ltd. (China)and others. 

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Monosodium glutamate market size is expected to grow at USD ~9.99 billion by 2032. The market witnessed significant growth over the forecasted period owing to growing applications such as into additives, flavor enhancers, acidity regulators, preservatives, and others across various industries.

Monosodium glutamate, which is an amino acid with the linear formula C5H8NNaO4 • H2O is an important industrial chemical to enhance flavor of foods monosodium glutamate is commonly used in fast foods. It is available in powder as well as in granules form.

The major driving factors of monosodium glutamate market are growing demand from food industries In addition, the increasing demand from the food, pharmaceutical is expected to fuel market growth of monosodium glutamates in near future. Health issues due to consumption of monosodium glutamates are expected to hamper the growth of monosodium glutamates.

Global Monosodium Glutamate Market Share by Application, 2015

Segment Analysis

The global monosodium glutamate market has been segmented into application and end use industries. On the basis of application, the market has been divided into additives, flavor enhancers, acidity regulators, preservatives, and others. Among these applications, additives and flavor enhancer have cover the largest market followed by acidity regulators, preservatives, and others. In 2015, additives as in application accounted the market share of 28% whereas flavor enhancer acquired 24%. Geographically, Asia-Pacific is estimated to be the largest market in terms of value and volume. The dominance of China in APAC as well as global market is fueling the global demand. Moreover, Europe and North American market would be a small market for MSG which consumes combines 15% of the total market.

From the end use industries, the global monosodium glutamate market has been divided into food processing industry, cosmetic industry, pharmaceutical industry, animal feed, and others. Among the end use industries, food processing and cosmetic have acquired the largest market share in 2015 owing to its increasing demand from the growing economies, especially from China. The growing demand from end use industries have augmented the market for monosodium glutamate which will further have a positive impact during the forecast period.

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