What Is The Overview Of The Global Monosodium Glutamate Market?
Monosodium glutamate (MSG) is a flavor enhancer commonly added to food to intensify and improve its taste. It is the sodium salt of glutamic acid, an amino acid that occurs naturally in many foods and is a critical component of protein. Monosodium glutamate is valued for improving the flavor of foods, making them more appealing and palatable.
Monosodium Glutamate Global Market Report 2024 provides data on the global monosodium glutamate market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The monosodium glutamate market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Monosodium Glutamate Market?
The monosodium glutamate market grew from $5.27 billion in 2023 to $5.59 billion in 2024, with a CAGR of 6.1%. Historic growth was fueled by rising demand for ready-to-eat foods, urbanization, and the popularity of the umami taste. The market is expected to grow to $7.17 billion in 2028 at a CAGR of 6.4%, driven by the increasing use of MSG in processed foods, rising disposable incomes, and demand for bakery products. Trends include novel production methods, market expansion, clean-label product preferences, and process innovations.
What Are The Core Factors Supporting Growth In The Monosodium Glutamate Market?
The growing popularity of processed food is expected to drive the monosodium glutamate (MSG) market. Processed food, which includes items modified through cooking, curing, smoking, or adding ingredients for flavor or preservation, is becoming more popular due to busy lifestyles and changing food preferences. MSG is often used in processed foods to enhance savory, umami flavors, making them more appealing. For example, the U.S. Department of Agriculture reported that U.S. processed food exports increased to $36.59 billion in 2023, a 1.7% rise from previous years. Therefore, the growing demand for processed foods is fueling the MSG market.
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What Is The Segmentation Of The Global Monosodium Glutamate Market?
The monosodium glutamate market covered in this report is segmented –
1) By Type: Monosodium Glutamate, Salted Monosodium Glutamate, Special Monosodium Glutamate
2) By Form: Power, Granules
3) By Distribution Channel: Business-To-business (B2B), Business-To-Consumer(B2C)
4) By Application: Preservatives, Additives, Acidity Regulators, Flavor Enhancers
5) By End-User Industry: Pharmaceutical Industry, Food Processing Industry, Cosmetics Industry, Livestock Industry
Which Trends Are Expected To Transform The Monosodium Glutamate Market?
Companies in the monosodium glutamate industry are pioneering novel techniques for the large-scale production of recombinant proteins, potentially transforming the biotechnology sector. These methods enable the efficient production of diverse proteins, including those for therapeutic uses, nutraceuticals, and infant nutrition. In May 2024, researchers at the Indian Institute of Science developed a groundbreaking process using monosodium glutamate (MSG) as a medium. This system provides a safer, more effective alternative for producing various valuable proteins and holds significant promise for adoption across biotech industries.
What Is The Fastest Growing Region In The Monosodium Glutamate Market?
North America was the largest region in the monosodium glutamate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monosodium glutamate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
