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Glutamic Acid Market: Strong Growth and Emerging Trends Projected till 2029, Driven by Food & Beverage and Pharmaceutical Applications.
Glutamic Acid Market
Unfolding the projected growth in the glutamic acid market, driving factors, key players, and emerging trends.
What Is The Projected Market Size Of The Global Glutamic Acid Market And Its Growth Rate?
o The glutamic acid market size grows from $12.29 billion in 2024 to $13.42 billion in 2025 with a CAGR of 9.2%.
o This growth is driven by factors like increasing consumption of processed food, population growth, industrial applications, and pharmaceutical & healthcare sector.
o The market size is expected to see a rapid growth to $19.96 billion in 2029 at a CAGR of 10.4%.
o Growing pharmaceutical market, sustainability & biodegradable plastics, clean label food products, ongoing research & development, and biofuels & green chemistry are key growth factors for this period.
What Is Driving The Growth In The Glutamic Acid Market?
The growth in the glutamic acid market is expected to be driven by the rising demand for the food service industry. The food service industry, through its actions of preparing, distributing, and selling food outside of homes, has a direct influence on the consumption of glutamic acid. Glutamic acid, frequently used as monosodium glutamate (MSG), enhances flavor in a wide range of food items including processed and convenience foods, meat, seafood, and various international cuisines. Increased consumer demand for diverse, flavorful, and convenient food options underpins the rising use of glutamic acid. It serves as an effective and inexpensive means of enhancing flavor that aligns with consumer tastes and facilitates food innovation and product development.
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Who Are the Key Players Driving Glutamic Acid Market Growth?
Key players in the glutamic acid market include:
o AMINO GmbH
o Evonik Industries AG
o Fufeng Group
o Hefei TNJ Chemical Industry Co Ltd.
o Kyowa Hakko Bio Co Ltd.
o Medinex Laboratories Pvt Ltd.
o Sichuan Tongsheng Amino acid Co Ltd
o Wuhan Amino Acid Bio-Chemical Co Ltd.
o Global Bio-chem Technology Group Company Limited
o Ningxia Yipin Biological Technology Co Ltd.
o Akzo Nobel N.V.
What Are The Key Trends In The Glutamic Acid Market?
The key trends in the glutamic acid market include:
o Plant-based glutamic acid
o Health and wellness supplements
o Advance fermentation technologies
o Expansion of flavor enhancers
o Personalized nutrition
What Are The Segments Of The Global Glutamic Acid Market?
The global glutamic acid market is segmented by:
o Product: Biosynthesis, Industrial Synthesis
o Source: Plant-Based, Animal-Based
o Application: Pharmaceutical, Food Additives, Animal and Pet Food, Other Applications
Which Region Leads The Glutamic Acid Market?
North America was the largest region in the glutamic acid market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Glutamic Acid Market Global Market Report?
- Market Size Analysis: Analyze the Glutamic Acid Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Glutamic Acid Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Glutamic Acid Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Glutamic Acid Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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