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Global Monosodium Glutamate (MSG) Market Size is poised to grow with a lucrative CAGR in the coming years.
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Another major driver for of the MSG market is the pharmaceutical industry, which is one of the most essential and widely growing industry in today’s world with a global revenue of over USD 1 trillion in 2016. Increasing number of diseases, outbreak of epidemics and technological advancements are diving the global pharmaceutical industry hugely. Changing lifestyles and work life imbalance are giving birth to different lifestyle related diseases. Unhealthy eating habits and lesser consumption of nutritional food is also leading to health issues and obesity. This, in turn is fueling the pharmaceutical products demand for curing these diseases. These factors are boosting the global MSG market demand extensively.
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Though United States Food & Drug Administration (FDA) has recognized MSG as safe, it received reports stating, consumption of the product to an excess of 3 grams without food may lead to side effects such as headache, drowsiness, palpitations, chest pain, nausea, tingling, flushing and numbness to sensitive individuals. These strict regulatory factors may cause a decline in the global MSG market demand.
Based on application, the global MSG market can be segmented into flavor enhancer, preservative, and acidity regulator. The product finds its use as a flavor enhancer in processed meats & soups, canned vegetables, and other food products. The product also finds its use as a preservative to prevent undesirable chemical changes and microbial growth. It does not have a flavor of its own but helps to intensify the natural flavor of food which is “Umami”; neither sweet, bitter, salty or sour.
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According to the end-user industries, the global MSG market is bifurcated into food processing, pharmaceutical, cosmetic, and livestock industry. In the food processing industry, the product finds its wide use as a food additive and flavor enhancer in places such as cannery, meat packing plants, fish processing, slaughterhouses, food packaging plants, sugar industry and industrial renderings.
Reasons to Buy This Report:
1. Monosodium Glutamate Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Monosodium Glutamate Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Prominent players operating in the global MSG market include Ajinomoto, B&G Foods Inc, Vedan International, Fufeng Group, The Tien Chu (Hong Kong) Company Limited, Sunrise Nutrachem Group, Eppens.Cn, Meihua Holdings Group, Global Bio-Chem Technology Group Company Limited, R. M. Chemicals, and Triveni chemicals.
The Monosodium Glutamate Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Monosodium Glutamate Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Monosodium Glutamate Product Insights
16. Monosodium Glutamate Application Insights
17.Monosodium Glutamate Regional Insights
18. Competitor Profiles
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Key players operating in the global Monosodium Glutamate market include Sigma-Aldrich, Finetech Industry Limited, Angene, Tractus, TCI America, Oakwood Products, Inc., abcr GmbH, Sontara Organo Industries, Organo Chem India, Eastman Chemical Company, Yixing Kaixin Chemical Co., Ltd, Somu Solvents Pvt. Ltd., Surya Life Sciences, and Hazel Mercantile Limited to name some.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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