Glutamic Acid Market Size, Industry Outlook And Forecast For 2031 - AMINO GmbH, Evonik Industries AG, Fufeng Group, Hefei TNJ Chemical Industry Co.Ltd., Kyowa Hakko Bio Co. Ltd

The global glutamic acid market report by the business research company identifies consumer awareness toward healthy and nutritious foods to be a major growth driver for the glutamic acid market. Rising awareness about health issues helps prevent people from developing certain health issues. Food containing glutamic acid is beneficial to memory as well as overall body wellness due to its properties. As a result, increasing awareness related to health concerns and consumer attractiveness toward healthy and nutritious foods increases the demand for the glutamic acid market. For instance, in 2020, according to the Global Wellness Institute, a US-based non-profit organization, the healthy eating, nutrition, and weight loss sector rose from $912 billion in 2019 to $946 billion in 2020. In addition, healthy-labeled foods and drinks had the largest sub-sector in 2020 ($680 billion), followed by vitamins & supplements ($137 billion) and weight loss products & services ($128 billion). Therefore, increasing consumer awareness towards healthy and nutritious food is driving the growth of the glutamic acid market.

The global glutamic acid market size is expected to grow from $9.22 billion in 2021 to $10.23 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The global glutamic acid market size is expected to grow to $13.64 billion in 2026 at a CAGR of 7.4%.

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North America was the largest region in the glutamic acid market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global glutamic acid market during the forecast period. The regions covered in the global glutamic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the glutamic acid market are AMINO GmbH, Evonik Industries AG, Fufeng Group, Hefei TNJ Chemical Industry Co.Ltd., Kyowa Hakko Bio Co. Ltd., Medinex Laboratories Pvt. Ltd., Sichuan Tongsheng Amino acid Co. Ltd, Wuhan Amino Acid Bio-Chemical Co. Ltd., Global Bio-chem Technology Group Company Limited, Ningxia Yipin Biological Technology Co. Ltd., Akzo Nobel N.V., Iris Biotech GmbH, Ottokemi, and Luojiang Chenming Biological Products Co. Ltd.

The countries covered in the glutamic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global glutamic acid market is segmented -
1) By Product: Biosynthesis, Industrial Synthesis
2) By Source: Plant-Based, Animal Based
3) By Application: Pharmaceutical, Food Additives, Animal and Pet Food, Others

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The Glutamic Acid Market Report Contents Include
1. Executive Summary
2. Glutamic Acid Market Characteristics
3. Glutamic Acid Market Trends And Strategies
4. Impact Of COVID-19 On Glutamic Acid
5. Glutamic Acid Market Size And Growth
....
28. Key Mergers And Acquisitions In The Glutamic Acid Market
29. Glutamic Acid Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the glutamic acid market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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