Glutamic Acid Market Size Forecast: $19.41 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Glutamic Acid Market by 2025?
The market size for glutamic acid has experienced robust expansion in recent years. The market is projected to rise from $12.29 billion in 2024 to $13.22 billion in 2025. This growth represents a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this historical growth include the food and beverage industry, pharmaceutical and healthcare sector, industrial applications, population growth, and an elevated consumption of processed food.

What Is the Estimated Market Growth Value for the Glutamic Acid Industry in 2029?
In the upcoming years, the market size of glutamic acid is anticipated to witness rapid growth, inflating to $19.41 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this growth during the forecast period encompass development of the pharmaceutical sector, sustainability and biodegradability of plastics, clean-labelled food items, continuous research and advancements, biofuels and green chemistry. The forecast period also highlights key trends like plant-derived glutamic acid, health and wellness supplements, improved fermentation technologies, the growth of flavor enhancers, and tailored nutrition.

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What Are the Growth Drivers and Opportunities in the Glutamic Acid Market?
The growth of the glutamic acid market is anticipated to be fueled by the escalating demand in the food service industry. This industry, which entails the preparation, distribution, and retail of food and beverages for consumption outside the home, frequently utilizes glutamic acid, most commonly in the form of monosodium glutamate (MSG), to enhance the flavor of processed foods, convenience meals, meats, seafood, and global cuisine. As the popularity of diverse, tasty, and easily accessible food choices expands, so does the need for glutamic acid. It is not only an affordable way to improve flavor but also resonates with consumer tastes and contributes to innovation and product development in the food sector. For instance, a report by the United States Department of Agriculture, a US federal agency, stated in July 2023 that approximately $2.11 trillion worth of food was supplied worldwide by the food service and retail sectors in 2021, which rose to $2.39 trillion in 2022, marking an increment of $0.28 trillion. Additionally, global food service establishments accounted for $1.16 trillion in 2021, which escalated to $1.34 trillion in 2022. As such, the growth of the glutamic acid market is expected to be driven by the surge in demand within the food service industry.

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What Are the Primary Segments Covered in the Global Glutamic Acid Market Report?
The glutamic acid market covered in this report is segmented -

1) By Product: Biosynthesis, Industrial Synthesis
2) By Source: Plant-Based, Animal Based
3) By Application: Pharmaceutical, Food Additives, Animal and Pet Food, Other Applications

Subsegments:
1) By Biosynthesis: Fermentation Process, Enzymatic Process
2) By Industrial Synthesis: Chemical Synthesis, Ammonium Hydrolysis Process

What Are the Top Growth Trends in the Glutamic Acid Market?
The trend of strategic alliances and partnerships is increasingly becoming popular in the glutamic acid market. Major players in this market are forming collaborations to maintain their market presence. For example, Corteva, Inc., a US-based agricultural chemical firm, and bun*ge Limited, a US-based food company, announced a partnership in March 2023. Their objective is to develop higher nutrient soybean meal specifically for the animal feed industry, including poultry, swine and aqua feed sectors. This long-term joint effort brings together Corteva's proficiency in germplasm, gene modification and trait discovery to produce soybean varieties that are rich in protein, have ideal amino acid ratios and fewer anti-nutritional factors. bun*ge has been given the exclusive rights to process the oilseed and sell the valuable meal and oil. The ultimate goal of this collaboration is to minimise the usage of artificial additives in animal feed, decrease costs and lower carbon emissions. By the end of this decade, these companies aim to bring these soybean varieties to the market.

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Which Companies Are Shaping the Future of the Glutamic Acid Market?
Major companies operating 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, Luojiang Chenming Biological Products Co Ltd., Ajinomoto Co Inc., Haihang Industry Co Ltd., Avenit AG, Suzhou Yuanfang Chemical Co Ltd., CJ CheilJedang Corp, Meihua Holdings Group Co Ltd., Ningxia Eppen Biotech Co Ltd., Shandong Linghua Monosodium Glutamate Incorporated Company, COFCO Biochemical, Cargill Incorporated, Ambuja Group, Roquette Frères

Which Region Holds the Largest Market Share in the Glutamic Acid Industry?
North America was the largest region in the glutamic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glutamic acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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