Monosodium Glutamate Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | COFCO Group, Kerry Group, Ajinomoto Co. Inc., Foodchem International Corporation, McCormick & Company, Fufeng Group, Meihua Holdings Group, Tate & Lyle p

As per the report, the monosodium glutamate market size has grown strongly in recent years. It will grow from $5.27 billion in 2023 to $5.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The monosodium glutamate market size is expected to see strong growth in the next few years. It will grow to $7.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.

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Impact Of Processed Food Trends On The Monosodium Glutamate Market
The rise in the popularity of processed food is expected to propel the growth of the monosodium glutamate market going forward. Processed food refers to any food item altered from its natural state through various methods such as cooking, curing, smoking, fermenting, or adding ingredients for preservation or flavor enhancement. The rising popularity of processed food is due to busy lifestyles, convenience, and changing food habits and preferences. Monosodium glutamate (MSG) is commonly used in processed foods for its flavor-enhancing properties, particularly its ability to enhance savory umami taste. It is valued in the food industry for its ability to enhance flavor and improve the palatability of processed foods, making them more enjoyable to consumers. For instance, in 2023, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country increased to $36.59 billion in 2023, an increase of 1.7% compared to previous years. Therefore, the increasing ready-to-eat and processed food drives the monosodium glutamate market.

Monosodium Glutamate Enables Safer Mass Production of Recombinant Proteins
Major companies operating in the monosodium glutamate market are focused on developing novel methods for the mass production of recombinant proteins. The novel method can potentially revolutionize mass production across diverse valuable proteins, encompassing milk and egg proteins, supplements for baby food, nutraceuticals, and therapeutic molecules. For instance, in May 2024, the Indian Institute of Science (IISc) researchers developed a novel method for mass production of recombinant proteins. Researchers have developed a safer alternative process using the typical monosodium glutamate (MSG) food additive. This novel expression system can be widely adopted in biotech industries to mass produce various valuable proteins, including therapeutic molecules, nutraceuticals, and baby food supplements.

The monosodium glutamate market covered in this report is segmented -

1) By Type: Monosodium Glutamate, Salted Monosodium Glutamate, Special Monosodium Glutamate
2) By Form: Power, Granules
3) By Distribution Channel: Business-To-business (B2B), Business-To-Consumer(B2C)
4) By Application: Preservatives, Additives, Acidity Regulators, Flavor Enhancers
5) By End-User Industry: Pharmaceutical Industry, Food Processing Industry, Cosmetics Industry, Livestock Industry

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Major companies operating in the monosodium glutamate market are COFCO Group, Kerry Group, Ajinomoto Co. Inc., Foodchem International Corporation, McCormick & Company, Fufeng Group, Meihua Holdings Group, Tate & Lyle plc, B&G Foods Inc., Vedan International (Holdings) Limited, Triangulum chemicals private limited, Global Bio-Chem Technology Group Company Limited, Gremount International Company Limited, Fooding Group Limited(Fooding) , Sunshine Chemicals Company , Great American Spice Company, RM chemicals , Puramate, Linghua Group Limited, Sunrise Chemicals

Contents of the report:
1. Executive Summary
2. Monosodium Glutamate Market Report Structure
3. Monosodium Glutamate Market Trends And Strategies
4. Monosodium Glutamate Market - Macro Economic Scenario
5. Monosodium Glutamate Market Size And Growth
…..
27. Monosodium Glutamate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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