Monosodium Glutamate Market Potential Growth, Share, Demand, COVID-19 Overview and Industry Analysis of Key Players- Research Forecasts by 2022
Research Reports
Dec 28, 2020
Market Analysis
The global monosodium glutamate market is predicted to touch USD 6,200 million at a 4.9% CAGR between 2016- 2022, reveals the new Market Research Future (MRFR) report. Monosodium glutamate or MSG is an amino acid that is naturally occurring in various foods. Its use as flavor enhancers and food additives has gained immense recognition over the years. Besides, it is also used in bakery and dairy products globally. In addition, monosodium glutamate is widely used in instant noodles, seasonal blends, cheeses, meat and milk products, and sauces. Apart from the food industry, MSG is also used in pharmaceutical/medical applications. These include hypertension neuroregulators and parenteral nutrition for congenital metabolic disease. It is also used in negligible amounts in animal feeds.
Various factors are adding to the global monosodium glutamate market share. These factors, as per the new MRFR report, include extensive applications including preservatives, acidity regulators, flavor enhancers, additives, and others, growing demand in the food industry, rapidly growing animal feed industry, preference for fast food & processed food due to hectic lifestyle, and increasing use in different medical applications.
On the contrary, health concerns related to monosodium glutamate consumption such as nausea, chest pain, sweating, headache, and skin rash, coupled with its regulation by regional Food & Drug Administration (FDA) authorities, are factors that may limit the monosodium glutamate market growth over the forecast period.
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Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global monosodium glutamate market based on end use industries and applications.
By application, the monosodium glutamate market is segmented into preservatives, acidity regulators, flavor enhancers, additives, and others. Of these, flavor enhancers and additives will lead the market over the forecast period. This will be followed by acidity regulators and preservatives.
By end use industries, the monosodium glutamate market is segmented into animal feed, pharmaceutical industry, cosmetic industry, food processing industry, and others. Of these, the cosmetic and food processing industry will dominate the market over the forecast period for its burgeoning demand from China’s growing economies. Besides, the increasing demand of monosodium glutamate from different end use industries is also adding market growth.
Key Players
Key players profiled in the global monosodium glutamate market report include Jianyang Wuyi MSG Co. Ltd. (China), Shandong Shenghua Group (China), Shandong Qilu Biotechnology Group (China), Shandong Linghua MSG Co., Ltd (China), KYOWA HAKKO BIO CO.LTD. (Japan), Ningxia Eppen Biotech Co. (China), Vedan International (Holdings) Limited (Hong Kong), AJINOMOTO Co.Inc. (Japan), and Fufeng Group (China), among others.
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Regional Analysis
Based on the region, the global monosodium glutamate market report covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period. Factors propelling the global monosodium glutamate market growth in the region include use in different applications like flavor enhancers and additives in China and Japan, and burgeoning demand for fast food in South Korea, Taiwan, and India.
The global monosodium glutamate market in North America is predicted to have the second-largest share over the forecast period. The US is the chief contributor in the region for the growing demand for the product from the food manufacturing industry coupled with the rising demand for Asian food.
The global monosodium glutamate market in Europe is predicted to have a healthy growth over the forecast period for the rapidly growing food manufacturing sector.
The global monosodium glutamate market in Latin America and the Middle East & Africa is predicted to have sound growth over the forecast period for the increasing use of monosodium glutamate in different applications like preservatives, acidity regulators, flavor enhancers, additives, to name a few.
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