Monosodium Glutamate (MSG) Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Monosodium Glutamate (MSG) market.

Monosodium Glutamate (MSG), is sodium salt of the common amino acid glutamic acid. MSG is found in tomatoes, Parmesan cheese, potatoes, mushrooms, and other vegetables and fruits, which is produced in laboratory by the fermentation of some carbohydrate based products like molasses.

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Global Monosodium Glutamate (MSG) Market: Forecast by Type / Application / Region

First, World MSG capacity has rapidly expanded in recent years. World production and consumption of MSG have also recently increased significantly. The primary worldwide use of MSG is as a flavor enhancer in food. MSG functions as a basic flavor, referred to as umami in Japan. Virtually all MSG is consumed in the production of foods. A negligible amount of MSG is used in animal feeds. The recent rapid increases in world production and consumption of MSG are related to rapid increases in Chinese production and consumption. MSG capacity is largely concentrated in Asia, where feed stocks and labor are abundant and inexpensive and where demand is highest. Asian production accounted for more than 90% of world MSG production now.

Second, many companies have several plants, usually close to aimed consumption market. There are international companies set up factories in China too, such as Ajinomoto.

Third, all manufactures in the world are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.

Fourth, the import and export percent of this industry is not high. And many international manufactures expand their business through building factories or investments.

Fifth, company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, the developed areas’ company prefers investing to underdevelopment regions these years.

Sixth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Monosodium Glutamate (MSG) will increase.

Seventh, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years, LPI(LP Information) projects that Monosodium Glutamate (MSG) will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

Global Monosodium Glutamate (MSG) Market: Key Players
Fufeng Group Company
Meihua Biological Technology
Ningxia EPPEN Company
Henan Lotus Gourmet Powder
Shandong Qilu Group Company
Shandong Xinle Bioengineering
Fujian Wuyi MSG Company
Ajinomoto Group Company
Great American Spice Company
McCormick & Company

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Related Information:
United States Monosodium Glutamate (MSG) Market Research Report 2018
Europe Monosodium Glutamate (MSG) Market Research Report 2018
North America Monosodium Glutamate (MSG) Market Research Report 2018
Asia-Pacific Monosodium Glutamate (MSG) Market Research Report 2018
China Monosodium Glutamate (MSG) Market Research Report 2018
EMEA Monosodium Glutamate (MSG) Market Research Report 2018
Global Monosodium Glutamate (MSG) Market Research Report 2018

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