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[2026] Glutamic Acid Market Growing at a CAGR of 5.4% to 2030, Says AMR
Glutamic Acid Market
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Prime determinants of growth
Increased demand from food industry and increased demand from pharmaceutical industry drive the growth of the global glutamic acid market. However, harmful effect associated with the usage of glutamic acid hinders the market growth. On the other hand, rise in preference toward natural food additives present new opportunities in the coming years.
The food industry segment to maintain its lead position during the forecast period
Based on end use industry, the food industry segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global glutamic acid market, and is projected to maintain its lead position during the forecast period. Glutamic acid is widely used in soups, snacks, condiments, convenience & functional food, seasoning blends, and noodles and Processed food accounts for 80% of worldwide food sales owing to which food industry occupies the major share of glutamic acid market. However, the pharmaceutical industry segment is expected to portray the largest CAGR of 5.8% from 2021 to 2030, owing to usage of glutamic acid in pharmaceutical industry for the medication of heart and brain function.
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Asia-Pacific, followed by North America, to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global glutamic acid market. Moreover, the same region is expected to witness the fastest CAGR of 5.9% during the forecast period. Surge in industrialization in developing countries like India and China along with increased demand from pharmaceutical and cosmetic & personal care industry is boosting the demand for glutamic acid in the region. In addition, rise in government spending on pharmaceutical industry in this region is further going to boost the demand for glutamic acid.
Leading Market Players
Amino GmbH
Ajinomoto co
Evonik industries
Fufeng group
Haihang group
Hefei TNJ chemicals
Kyowa Hakko
Medinex
Sichuan Tongsheng amino acid
Wuhan amino acid
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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