ID: MRFR/CnM/2006-HCR | February 2021 | Region: Global | 140 pages
Monosodium Glutamate is expected to witness a significant growth of USD ~6,200 million by 2022 with CAGR of ~4.9% between 2016 and 2030
Monosodium glutamate, which has been recognized as an amino acid with the linear formula C5H8NNaO4 understands the use of H2O that is water. It is an important industrial chemical that helps to enhance the flavor of foods having monosodium glutamate. The market product is commonly used in fast foods. Although MSG which is the short form of monosodium glutamate is known to be tasteless by itself. It is known as a flavor enhancer too, that can be used to improve the taste of food products like meat, fish, fowl, vegetables, and soup.
The spread of the novel Covid pandemic has been a significant market concern and is bringing along one more arrangement of issues and difficulties that will affect the monosodium glutamate market size of the overall industry during the forecast period that will begin in 2021 and will be ending in 2028. The spread of the pandemic isn't just bringing up concerns and issues in regards to the nature of the worldwide medical services foundation yet additionally hampering the creation and assembling of organizations and their advertising units to work on their maximum capacity. The pandemic has driven the worldwide market players and states across the conspicuous and target areas where the market is working to make troublesome and dangerous strides like the inconvenience of lockdown and other useful limitations that will affect the worldwide development rate and market potential during 2020. The absence of accessibility of gifted work and solid market assets to complete a smooth and set up working of the market has acquired negative patterns in the worldwide market situation.
The monosodium glutamate market is probably going to encounter a rebound during the ongoing forecast period of 2021-2028. The market players and worldwide states are understanding the need for an expounded item reach and portfolios that will give the market better, positive and expandable freedoms to abide after during the estimated time frame that will end in 2028.
The monosodium glutamate market trends are expected to be at the maximum rate during the period because of the following market players:
Global Monosodium glutamate Market (2016-2022) (USD Million)
Monosodium glutamate has been found and recognized for its use in various applications such as additives, flavor enhancers, acidity regulators, preservatives, and others. There has been an increasing demand for food industries that is likely to drive the monosodium glutamate market growth during the forecast period that will be ending in 2028. The growing food industries and animal feed industry owing to the idea of the development of domestic as well as commercial markets particularly in mushrooming economies like the Asia-Pacific and the Middle East has boosted the lucrative growth opportunities for the global monosodium glutamate market over the forecasted period that will be ending in 2028.
The monosodium glutamate market value has undoubtedly been subject to the controversial focal point for some decades as it causes major and concerning health care issues such as seizures, migraines, chest pains, and brain lesions. This is likely to emerge as various kinds of issues that can hamper the growth of the global monosodium glutamate market during the forecast period that will be ending in 2028. The key market players of monosodium glutamate that are functioning in various global locations are planning to provide natural alternatives foods.
China is one of the most prominent producers of the monosodium glutamate market share. MSG is produced in China that is exported to countries that are a part of the APAC region such as India, Thailand, and South Africa, among others. With the growing demand quantum for processed foods in developing countries such as India, as a part of the APAC region are expecting to import the demand for MSG has witnessed a huge rise. The main reason behind this is that MSG is being used as a flavor enhancer in various kinds of food items such as soups, canned vegetables, and processed meats.
The monosodium glutamate market trends show that the market segmentation is done on the understated basis:
Based on applications
The monosodium glutamate market includes additives, acidity regulators, preservatives, and others like flavor enhancers.
Based on market end-users
The monosodium glutamate market has been segmented and includes the rising demand from the food processing industry, pharmaceutical industry, cosmetic industry, animal feed, amongst the rest.
Based on the global market regions
The market is functional in 5 major regions namely North America, the APAC region, the European nations, Latin America, and the Middle East, and Africa.
The Asian-Pacific region is likely to emerge as the largest market of monosodium glutamate owing to the rising demand for the same in various applications such as additives, flavor enhancers in the Chinese region followed by Japan. An increase in the demand for fast food in the Indian subcontinent, Taiwan, and South Korea has helped the Asian-Pacific region to emerge as the largest consumer of the global monosodium glutamate market followed by the fact that there has been an increase in the consumption of monosodium glutamate market in the North America region. The third-largest market of monosodium glutamate during the forecast period of 2021-2028 is the European nations.
The monosodium glutamate market report has been curated keeping in mind the impact of the coronavirus outbreak on the market functioning for the ongoing forecast period of 2021-2028. The market report discusses the potential of the market followed by the basis on which the market has been segmented to meet the rising and vibrant needs of the target audience that is spread in various global locations where the industry functions.
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Application, By End Use and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.|
|Key Market Opportunities||It is highly used by the food & beverage industry|
|Key Market Drivers||Increasing in demand of food industries|
Frequently Asked Questions (FAQ) :
The MSG market is expected to reach a valuation of USD 6.2 billion by 2027.
The market is expected to exhibit a 4.9% CAGR between 2016 and 2022.
The increasing demand for fast food is likely to be a major driver for the monosodium glutamate market.
Asia Pacific is the largest regional market for monosodium glutamate due to the growing food and beverage industry in the region.
Leading players in the MSG market include Fufeng Group, Ningxia Eppen Biotech Co., and Ajinomoto Inc., among others.