Monosodium Glutamate Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of monosodium glutamate was valued at USD 4.6 billion in 2022, and a CAGR of 8.1% is expected during the forecast period. Monosodium glutamate is a flavor enhancer that is used in various types of foods. It is used to make the meat more delicious, and it is also found in Maggie, chow mien, etc. Increasing demand for MSG in beverages, pharmaceuticals, health products, and personal care items is driving the growth of the monosodium glutamate market. Increasing demand for it in sausages and packed vegetables is driving the growth of the market. Excess use of it is dangerous for our health, so it is better advised not to use it. The rising popularity of the fast food industry is driving the growth of the market.

Impact of Covid-19

The Corona virus pandemic has caused the deaths of 7 million people all over the world. COVID-19 had an adverse effect on the sodium glutamate market, and the food industry was also badly hampered. Priority of people shifted earlier towards the essential goods only; people were scared of the disease, and they were taking only the immunity booster products instead of fast food and junk food or meat. When there was a bit of ease in lockdown and other stringent COVID-19 norms, the market started to notice significant growth.

Growth Drivers

The hectic lifestyles of urban people, due to which they are heavily dependent on fast food and ready-to-eat food, in which the use of MSG is in excess, is driving the growth of the market. Increasing consumption of processed food and fast food is driving the growth towards a new height. A variety of food items, such as cake and cookies, fast food, and ice cream, are gaining popularity. Hence, the demand for monosodium glutamate is expected to rise during the forecast period. Flavor-enhancing ingredients are becoming popular as they enhance the taste of food. It is specially demanded in Asian cuisine; it expands the consumption of processed food.

Increasing demand for MSG in Chinese, Thai, and Italian food is driving the market significantly. Rising awareness about flavor enhancement in various cuisines is driving the growth of the market significantly.

The food and drug administration of United States, and European food safety association reports that MSG is safe to use, and it should be maintained on “Generally Recognized as Safe list of Foods”. The acceptable quantity of it is decided as 30 mg/kg/day for universally used flavor enhancing chemicals MSG.

Segmentation

By End-User

·         Food Processing and Service Industry

·         Livestock and Pet Food Industry

·         Retail Sector

·         Others

By Sales Channel

·         Business to Business

·         Business to Consumer

o   Supermarkets/Hypermarkets

o   Online Stores

o   Others

Regional Outlook

·         Asia Pacific

·         Europe

·         North America

·         South America

·         Middle East and Africa

Monosodium Glutamate Market by End-User Segmentation

On the basis of end-users, the monosodium glutamate market is segmented into the food processing and service industry, the livestock and pet food industry, retail sectors, and others. The food processing and service industry segment is the leading one. The increase in the growth rate of the global population is propelling the demand for food products in the market. The hectic schedule of consumers, lack of time for food preparation, and increase in work pressure encourage the demand for growth in the monosodium glutamate market. Additionally, the growing use of MSG to enhance diverse cuisines, expensive hotel food, and the rising trend of fast food are projected to support the growth of the monosodium glutamate market significantly.

Monosodium Glutamate Market by Sales Channel Segmentation

On the basis of sales channel, the monosodium glutamate is segmented into business to business, and business to consumers. Business to business is the leading segment, and it is selling directly to the end-use industries, such as food processing, and food service industries. Due to the high volume of sales, and purchase this segment is the leading one, and is expected to remain the same during the forecast period. Increasing number of e-commerce sites, that cater to business-business transactions, including Alibaba, eWorldTrade, EC Plaza, Tradekey, HKTDC, Globalspec, Kinnek, and Made-in-China is also taken into the consideration.

 Regional Outlook

On the basis of regions, the monosodium glutamate market is segmented into 5 parts: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Asia Pacific, being the most lucrative region due to large urbanization and industrialization, was dominating the market in 2022 and is expected to keep its sheer dominance through the forecast period. The surge in demand for processed foods is driving the growth of this market. This is attributed to changes in lifestyles and eating habits. The bakery industry is growing at the fastest rate, which boosts consumer demand for the products, including frozen dough, bread rolls, and other confectionary items. The rapidly growing fast food franchises and hotels are driving the growth of the market significantly. Busy lifestyles and increased consumption of processed foods by working women are driving the growth of the market.

People seeking extra flavor and aroma in food items are driving market growth. The presence of major companies in the region is driving the growth of this market significantly. The market for monosodium glutamate in European countries has seen steady growth due to its widespread use as a flavor enhancer in various cuisines. Factors like increased demand for processed foods and the popularity of Asian cuisine have contributed to this growth. The MSG market is expected to continue expanding, driven by evolving consumer preferences and culinary trends. In North American region, especially in United States, the Chinese food is very popular, and that’s why the market for mono sodium glutamate is increasing with time.

Key Players

·         Linghua Group Limited

·         RM Chemicals

·         Cargill

·         The Glutamate Association

·         Tata and Lyle

·         B&G Foods

·         Hiya International

·         Puramate

·         Ajinomoto Co.

·         Meihua Holdings group co. Ltd.

·         Prakash Chemical Agencies pvt. Ltd.

·         FoodChem International Corporation

·         Ningxia Eppen Biotech Co. Ltd.

·         Other Players

Global Monosodium Glutamate Market research report presents a strategic analysis of the global Monosodium Glutamate Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Monosodium Glutamate revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Monosodium Glutamate market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Monosodium Glutamate Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Monosodium Glutamate Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Monosodium Glutamate revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

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Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

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Regional Coverage

The report on the global Monosodium Glutamate Market breaks down the world into the following regions & countries and covers every single one of them:

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