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Monosodium Glutamate Market Size, Share, and Analysis, By Market Source (Sugar Cane or Molasses, Tomatoes, Cheese), By Product (Monosodium Glutamate, Salted Monosodium Glutamate, Special Monosodium Glutamate), By Application (Additives, Preservatives, Flavor enhancers, Acidity regulators and others), By End User (Food Processing Industry, Medical/pharmaceutical industry, Livestock Industry, Cosmetic Industry and Others) and Regional Forecasts, 2022-2032
The Monosodium Glutamate market size was USD 5.63 billion in 2021 and projected to grow from USD 6.4 billion in 2023 to USD 11.2 billion by 2032, exhibiting a CAGR of 6.5 % during the forecast period.
The sodium salt of glutamic acid is called as Monosodium glutamate (MSG). It is a nonessential amino acid. The usage of Monosodium glutamate is recognized as safe by United States Food and Drug Administration (USFDA). Food products containing high levels of monosodium glutamate are parmesan cheese, seaweed, tomatoes, soy sauce etc. Monosodium glutamate is widely utilized in several food items at fast-food centers, restaurants, mostly in non-veg dishes. It is used in commercially packaged food items like cheese-flavored chips, canned soup, crackers, gravy mixes, instant noodles, or pre-prepared gravies.
The Monosodium Glutamate Market is expected to reach USD 11.2 billion at a CAGR of 6.5% during forecast period owing to the rising usage of monosodium glutamate in cooking of meat products, seasonings, soups, noodles, broth, dressings etc. which are at a high demand and are aiding for the growth of the monosodium glutamate market during the forecast period. Monosodium glutamate is used for enhancing the flavor and shelf life of the food. Glutamate is an essential amino acid found in living beings and in protein-containing foods like seafood, dairy products, vegetables, mushrooms, fruits and nuts etc.
Monosodium Glutamate Market is classified based on the applications into Additives, Preservatives, Flavor enhancers, Acidity regulators and others. Additives segment accounted for the largest share of Monosodium Glutamate market in 2021 and is expected to continue the same during forecast period owing to the growing demand for fast foods, rising interest towards taste of food items, and due to the increasing disposable income of individuals which is also responsible for the growth of the market in the forecast period.
Monosodium Glutamate Market is classified based on the End-User into Food Processing Industry, Medical/pharmaceutical industry, Livestock Industry, Cosmetic Industry and Others. Food processing industries segment for the largest share of Monosodium Glutamate market in 2021 and is expected to continue the same during forecast period owing to the demand for processed foods with enhanced flavors, rise in demand for processed and tasty foods, rising disposable income of individuals which are the factors even expected to boost the market in the forecast period.
Rising Demand for Processed Food is Expected to Boost the Growth of the Market
Monosodium glutamate consumption has increased due to the increased usage in processed food. Due to the modernization, the consumption of ready-to-eat processed foods has increased which is responsible for rising demand for MSG usage. Monosodium glutamate is also helpful for increasing the shelf life of products and so due to the increasing consumption of ready to eat foods the market is expected to grow.
Increasing utilization in Restaurants is Expected to Boost the Growth of the Market
Market players are focusing on entering the food sector, and it needs focusing on quality measures, to boost usage in pre-cooked, ready-to-eat foods. MSG is used in most of the restaurants food centers for enhancing the taste of the dish which is increasing the intake of MSG. Increasing use of ready to eat foods is leading to the setting up of new industries to manufacture Ready to cook foods and is boosting the market growth.
Increasing Health Concerns May Restrain the Market Growth
People are focusing on consuming ready to eat foods and fast foods due to lack of time and hence, due to the consumption of increased quantities of Monosodium glutamate, may possess several side effects like headaches, brain lesions, rashes on skin, seizures, chest pain, migraines and other health conditions which may restrain the market growth.
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Monosodium Glutamate Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific dominated the monosodium glutamate market with highest share of in the year 2021 owing to the rising production of monosodium glutamate in several countries of this region and due to the increased demand for consumption of processed foods in the region. This region is also a leading producer of Monosodium Glutamate Market due to the usage in in meat products which is driving the market growth. North America market is expected to grow in the forecast period due to the increased tendency towards modern lifestyle.
The COVID-19 pandemic had negatively impacted the food and beverage industry. The travel restrictions and disruption of distribution chains had negatively impacted the Monosodium Glutamate damaged the food service industry and the MSG distribution chain. On the other hand, MSG consumption relatively showed a decent growth as the usage of processed foods has increased. During the COVID outbreak, the food stalls and restaurants had been closed having a negative impact on the Monosodium Glutamate market.
Mexico, Argentina, Brazil and Rest of Latin America|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 5.63 billion |
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Revenue forecast in 2032 |
USD 11.2 billion |
|
Growth Rate |
CAGR of 6.5% from 2022 to 2032 |
|
Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Market Source, Product, Application, End user and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Fufeng Group, Cargill Inc, Kerry Group, Meihua Holdings Group Co Ltd, COFCO, R.M. Chemicals, Ningxia Eppen Biotech Co Ltd, Global Bio-Chem Technology Group Company Limited, Sunrise Nutrachem Group, Eppens. Cn, Gremount International Company Limited, Tate & Lyle Plc, Glutamate Association, Vedan International, Ajinomoto Co Inc and Other Prominent Players |
Monosodium Glutamate Market size was estimated at USD 5.63 billion in 2021 and is expected to reach USD 11.2 billion in 2032.
The sodium salt of glutamic acid is called as Monosodium glutamate (MSG). It is a nonessential amino acid. The usage of Monosodium glutamate is recognized as safe by United States Food and Drug Administration (USFDA). Food products containing high levels of monosodium glutamate are parmesan cheese, seaweed, tomatoes, soy sauce etc.
Additives and Food Processing Industry segment accounted for the largest Monosodium Glutamate market share.
Key players: Fufeng Group, Cargill Inc, Kerry Group, Meihua Holdings Group Co Ltd, COFCO, R.M. Chemicals, Ningxia Eppen Biotech Co Ltd, Global Bio-Chem Technology Group Company Limited, Sunrise Nutrachem Group, Eppens. Cn, Gremount International Company Limited, Tate & Lyle Plc, Glutamate Association, Vedan International, Ajinomoto Co Inc and Other Prominent Players are the key players in the Monosodium Glutamate Market.
Rising Demand for Processed Food and Increasing utilization in Restaurants are the factors driving the Monosodium Glutamate market.
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