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Global Glutamic Acid Market Segmentation And Growth Strategy, Forecast 2023-2032 | Top Key Players Are AMINO GmbH, Evonik Industries AG, Fufeng Group, Hefei TNJ Chemical Industry Co.Ltd., Kyowa Hakko Bio Co. Ltd
Glutamic Acid Market
As per the Glutamic Acid Market report by The Business Research Company, consumer awareness toward healthy and nutritious foods is expected to propel the growth of the glutamic acid market going forward. Rising awareness about health issues helps prevent people from developing certain health issues.
The global glutamic acid market size grew from $10.33 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The glutamic acid market size is expected to grow to $15.51 billion in 2027 at a CAGR of 8.1%.
Read More On The Glutamic Acid Market Report Here:
https://www.thebusinessresearchcompany.com/report/glutamic-acid-global-market-report
Major competitors in the Glutamic Acid Market include 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 Glutamic Acid Market is segmented -
By Product: Biosynthesis, Industrial Synthesis
By Source: Plant-Based, Animal Based
By Application: Pharmaceutical, Food Additives, Animal and Pet Food, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Glutamic Acid Market.
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The glutamic acid is used to build proteins to improve memory and focus, boost the immune system, support prostate health, detox the body, improve athletic performance, and also aid digestion. Glutamic acid refers to a form of amino acid that is converted to glutamate. This is a chemical that enables brain nerve cells to communicate with one another and send and receive information. It is necessary for the body's protein synthesis and plays an important function in the central nervous system. The amino acid is involved in so many processes in the body that it can prove to be beneficial in a variety of ways.
The Table Of Content For The Glutamic Acid Market Include:
1. Executive Summary
2. Glutamic Acid Market Characteristics
3. Glutamic Acid Market Trends And Strategies
4. Glutamic Acid Market - Macro Economic Scenario
5. Glutamic Acid Market Size And Growth
……
27. Glutamic Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glutamic Acid Market
29. Glutamic Acid Market Future Outlook and Potential Analysis
30. Appendix
The "Global Glutamic Acid Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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