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Glutamic Acid Market is Estimated to Grow at a CAGR of 5.9% within the forecast period of 2023-2030: Cognitive Market Research
Glutamic Acid Market is Estimated to Grow at a CAGR of 5.9% within the forecast period of 2023-2030: Cognitive Market Research
- Glutamic Acid is one of the most crucial amino acids for the manufacturing of proteins. Sugarcane molasses, coryneform bacteria, and glucose are the major raw materials used to produce glutamic acid. Glutamic acid is mainly used in several dietary supplements to enhance in the production of protein-building blocks. Additionally, it helps to detoxify ammonia from the body. Glutamic acid is used as a flavor enhancer in the food industry
Summary
• Global Glutamic Acid Market was estimated to be valued at USD 10,470.4 Million in 2023 and is expected to exhibit a CAGR of 5.9% during the forecast period.
• North America accounted largest revenue share for the growth of the global glutamic acid market.
• The food industry accounted for the largest revenue share.
To know more The Glutamic Acid Market statistics click here: https://www.cognitivemarketresearch.com/glutamic-acid-market-report
Global Glutamic Acid Market Dynamics
- Growing demand for glutamic-based food additives and food enhancers are major factors to accelerate the global glutamic acid market. In addition, increasing consumption of nutritious food throughout the globe is anticipated to grow the global glutamic market. However, the negative effect caused due to glutamic acids, such as nausea and headache may hamper the market growth.
Global Glutamic Acid Market Scope:
- Type
• Biosynthesis
• Industrial Synthesis
- Application:
• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceuticals
• Animal Feed
• Others
The food industry accounted for the largest revenue share, due to an increase in the use of glutamic acids as food additives in the food industry. In addition, the pharmaceutical industry drives the demand for the growth of the target market. This is attributed to increased demand for glutamic acid for the treatment of muscular dystrophy, ulcers, epilepsy, and mental retardation.
- Competitive Analysis for Glutamic Acid Market: Sichuan Tongsheng, Bachem, Suzhou Yuanfang Chemical, Luojiang Chenming Biological Products, Ajinomoto, Iris Biotech, Global Bio chem Technology, Akzo Nobel, Kyowa Hakko, Evonik Industries
Get free sample pages of latest published Glutamic Acid Market Report: https://www.cognitivemarketresearch.com/glutamic-acid-market-report
Regional Analysis:
- North America accounted largest revenue share for the growth of the global glutamic acid market. This is attributed to the increasing food industry in the U.S. and Mexico. Furthermore, Asia-Pacific is the fastest-growing region in terms of growth rate, due to an increase in demand from various end-use industries such as cosmetic & personal care, pharmaceutical, food & beverage, and others.
News:
- October 2020,
American Vanguard Corporation (AVC), a US-based agrochemical company, acquired the Agrinos Group of companies. Agrinos is a US-based full-service biological input provider that manufactures glutamic acids Through this acquisition, Agrinos's portfolio is expected to complement AVC's Green Plant liquid nutrition products, which have enjoyed successful growth in the Central American market.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Glutamic Acid Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Glutamic Acid Market Overview
• 4.1 Introduction
• 4.2 Global Glutamic Acid Market Statistics by Regions (2018-2030)
4.2.1 North America Glutamic Acid Status and Prospect (2018-2030)
4.2.2 Europe Glutamic Acid Status and Prospect (2018-2030)
4.2.3 Asia Pacific Glutamic Acid Status and Prospect (2018-2030)
4.2.4 Latin America Glutamic Acid Status and Prospect (2018-2030)
4.2.5 Middle East and Africa Glutamic Acid Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Glutamic Acid Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Glutamic Acid Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Glutamic Acid Market Regional Analysis
Chapter 11 North America Glutamic Acid Market Outlook (2018 - 2030)
Chapter 12 Europe Glutamic Acid Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Glutamic Acid Market Outlook (2018 - 2030)
Chapter 14 Latin America Glutamic Acid Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Glutamic Acid Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Glutamic Acid Market TOC click here: https://www.cognitivemarketresearch.com/glutamic-acid-market-report#table_of_contents
Related Reports:
• Amino Acid Market- https://www.cognitivemarketresearch.com/amino-acids-market-report
• Naphthenic Acid Market- https://www.cognitivemarketresearch.com/naphthenic-acid-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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