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Monosodium Glutamate Market worth $11.52 billion by 2030, growing at a CAGR of 6.14% - Exclusive Report by 360iResearch
Monosodium Glutamate Market | 360iResearch
The Global Monosodium Glutamate Market to grow from USD 7.58 billion in 2023 to USD 11.52 billion by 2030, at a CAGR of 6.14%.
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Monosodium Glutamate is a common food additive known for enhancing flavors in various food products since it contains glutamate, one of the most abundant naturally occurring amino acids. The main applications of MSG are in the food processing sector, where it finds usage across numerous categories such as processed foods, snacks, soups, canned vegetables, meats, poultry products, and instant noodles. The utilization of MSG is rising due to the growing popularity of Chinese and Japanese cuisines worldwide. Additionally, the use of monosodium glutamate in the meat and poultry industry contributes to enhanced demand for monosodium glutamate. However, adverse health effects associated with overconsumption of monosodium glutamate and stringent government regulations for monosodium glutamate are limiting factors for the market. Furthermore, technological advancements in monosodium glutamate production technology and increasing focus on manufacturers' rapid expansion of manufacturing facilities are creating lucrative opportunities for market growth.
In the Americas, the United States and Canada represent significant markets for monosodium glutamate (MSG). The food industry in North America has witnessed a surge in demand for MSG as a flavor enhancer in various food products, including snacks, ready-to-eat meals, and restaurant dishes. In the European Union countries, MSG usage follows a similar trend concerning consumer preferences for intense flavors and concerns about health implications. In Asia-Pacific, China stands out as both the largest producer and consumer of monosodium glutamate worldwide as Chinese cuisine relies heavily on umami-enhancing ingredients like MSG to create its characteristic bold flavors. The Japanese and Indian market is also expanding, driven by the growing food processing and restaurant industries. Still, concerns about MSG's health effects have led to a push for government regulations such as mandatory labeling.
Market Segmentation & Coverage:
This research report categorizes the Monosodium Glutamate Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Grade, market is studied across Food Grade, Industrial Grade, and Pharmaceutical Grade. The Pharmaceutical Grade is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Application, market is studied across Acidity Regulators, Additives, Flavor Enhancers, and Preservatives. The Flavor Enhancers is projected to witness significant market share during forecast period.
Based on End-User Industry, market is studied across Cosmetics, Food Processing, Livestock, and Pharmaceutical. The Cosmetics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.53% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Monosodium Glutamate Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Monosodium Glutamate Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Monosodium Glutamate Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., AJINORIKI Msg (M) Sdn Bhd, Arshine Pharmaceutical Co., Limited, Cargill, Incorporated, COFCO Biotechnology Co., Ltd., Daesang Corporation, Foodchem International Corporation, Fooding Group Limited, Fufeng Group Company Limited, Global Bio-chem Technology Group Company Limited, Guangzhou ZIO Chemical Co., Ltd., Henan Brilliant Biotech Co., Ltd., Hugestone Enterprise Co., Ltd., Linghua Group Limited, Meihua Holdings Group Co., Ltd, Merck KGaA, Nassau Foods, Inc., Ningxia Eppen Biotech Co. Ltd., NM Enterprises, Prakash Chemicals Agencies Pvt. Ltd., Puramate India Pvt. Ltd., Qingdao Longfeng Chemical Co., Ltd., Tag Ingredients India Pvt. Ltd., and VEDAN International (Holdings) Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Monosodium Glutamate Market, by Grade
7. Monosodium Glutamate Market, by Sales Channel
8. Monosodium Glutamate Market, by Application
9. Monosodium Glutamate Market, by End-User Industry
10. Americas Monosodium Glutamate Market
11. Asia-Pacific Monosodium Glutamate Market
12. Europe, Middle East & Africa Monosodium Glutamate Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Monosodium Glutamate Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Monosodium Glutamate Market?
3. What is the competitive strategic window for opportunities in the Monosodium Glutamate Market?
4. What are the technology trends and regulatory frameworks in the Monosodium Glutamate Market?
5. What is the market share of the leading vendors in the Monosodium Glutamate Market?
6. What modes and strategic moves are considered suitable for entering the Monosodium Glutamate Market?
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