Glutamic Acid Market SWOT Analysis and Growing analysis 2023-2031

The global glutamic acid market size was US$ 10.4 billion in 2021. The global glutamic acid market size is forecast to reach US$ 16.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.

The amino acid glutamic acid is essential for protein synthesis. Sugarcane molasses, coryneform bacteria, and glucose are the key raw materials for glutamic acid production. The acid is produced through fermentation using these raw materials. fermentation involves multiple steps that involve fermenting, centrifuging, adsorbing carbon, evaporating, crystallizing, and exchanging ions.

A major reason for its popularity among manufacturers is the high quality and purity of glutamic acid obtained through the process. As a result, the fermentation process requires a high degree of capital investment and a lot of water and energy.

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Factors Influencing Market GrowthA favorable government policy to assist the pharmaceutical sector, coupled with increased government investment, is expected to propel the pharmaceutical industry, thus, driving the glutamic acid market.

Increasing consumer preference for natural food additives over synthetic food additives, and suppliers are actively tracking changing food preferences in order to provide new opportunities for the market.

High consumption of glutamic acid is associated with an increased risk of stroke mortality, thereby limiting the glutamic acid market.

Impact Analysis of COVID-19

Indirectly and directly, the COVID-19 pandemic severely affected industrial operations with regard to customer behaviors, labor shortages or stoppages, inventory, sales, and business and manufacturing operations, among others.

There were numerous uncertainties concerning the COVID-19 pandemic, including the scope of the scientific and health problems, the duration of the pandemic, and the political, and economic disruption it might cause.

As a result of the lockdown, manufacturing and supply regions experienced economic slowdowns. However, the COVID-19 pandemic, glutamic acid demand increased in the pharmaceutical, food, and beverage industries.

Regional Insights

Asia-Pacific is the fastest-growing region in terms of revenue, growing at the highest CAGR during the forecast period.

A major factor in the market growth is the increasing purchasing power of consumers, the popularity of healthy lifestyles, and the expansion of end-use industries such as animal feed, pharmaceuticals, cosmetics, personal care, and food and beverage. In countries such as India and China, the livestock population is forecast to increase, which will lead to an increase in animal feed demand.

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Leading Competitors

The leading prominent companies profiled in the global glutamic acid market are:

Amino GmbH
Ajinomoto co
Evonik industries
Fufeng group
Haihang group
Hefei TNJ chemicals
Kyowa Hakko
Medinex
Sichuan Tongsheng amino acid
Wuhan amino acid
Other Prominent Players

Scope of the Report

The global glutamic acid market segmentation focuses on End-Use Industries and Region.

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Segmentation based on End-Use Industries

Pharmaceutical
Cosmetics & Personal Care
Food industry
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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