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Monosodium L-glutamate Market - Forecast(2023 - 2028)
Monosodium L-glutamate Market Overview
Monosodium L-glutamate Market Size is estimated to reach $7.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.1% over the forecast period of 2022-2027. Monosodium L-glutamate (MSG) is an L-configured active form of monosodium glutamate. It is a glutamic acid's sodium salt, which is a non essential amino acid. L-glutamic acid is a glutamic acid with an L-configuration that is optically active. It functions as a nutraceutical, a vitamin, a metabolite of Escherichia coli, non essential amino acid a metabolite of mice, and a ferroptosis inducer, and these glutamic acids are also adopted as flavoring agents in food products. It's a proteinogenic amino acid, a glutamic acid, and an L-alpha-amino acid. MSG is present in high concentrations in a variety of foods, including seaweed, parmesan cheese, soy sauce, and tomatoes. Monosodium L-glutamate is a feed additive used to enhance the flavor or odor. Moreover, Monosodium L-glutamate is also employed as a preservative, umami, and acidity regulator.
Rising demand for food processing industries is estimated to boost Monosodium L-glutamate Market development. Furthermore, the growing demand for Monosodium L-glutamate from emerging nations is a key trend that is projected to drive the market during the forecast period 2022-2027. However, the high use of monosodium glutamate is likely to create health problems such as rashes, headaches, fast heartbeat, and extreme thirst, all of which are projected to stifle market growth.
Report Coverage
The report: “Monosodium L-glutamate Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Monosodium L-glutamate Market.
By Source: Tomato, Cheese, Mushrooms, and Others.
By Application: Additives, Preservatives, Flavor enhancers, Acidity regulators, and Others.
By End User: Food Processing Industry, Medical/Pharmaceutical industry, Livestock Industry, Cosmetic Industry, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia, and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021 on account of the increasing food processing industries. Asia-Pacific is projected to offer lucrative growth owing to the increase in applications of glutamic acids and non essential amino acids, especially in meat and other high protein foods.
- The increasing demand for umami in the food processing industry is estimated to drive the market growth of the Global Monosodium L-glutamate Market. However, the side effects of the Monosodium L-glutamate Market pose threat to the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Monosodium L-glutamate Market Report.
Monosodium L-glutamate Market: Market Share (%) by Region, 2021
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Monosodium L-glutamate Market Segmentation Analysis- By Application
Monosodium L-glutamate Market based on the Application can be further segmented into Additives, Preservatives, Flavor enhancers, Acidity regulators, and others. Additives held a dominant market share in the year 2021 and are one of the most often used feed additives is MSG. The significant share is attributable to the fact that monosodium glutamate is now favored since it encourages increased demand for convenience meals, an increase in taste inclination, and an increase in disposable money, all of which drive the Monosodium Glutamate market's growth. Furthermore, the rising need for non essential amino acids and flavor enhancers in noodles, soup, and broth has raised the demand for monosodium glutamate, making it excellent for a variety of food and beverage applications.
Also, the Additives segment is estimated to be the fastest-growing, with a CAGR of 6.7% over the forecast period of 2022-2027 on account of growing demand for monosodium glutamate in meat products as feed additives, rising meat consumption among the youthful population, and a rise in new releases are all contributing to the market's continued expansion.
Monosodium L-glutamate Market Segmentation Analysis- By End User
Monosodium L-glutamate Market based on the End User can be further segmented into Food Processing Industry, Medical/pharmaceutical industry, Livestock Industry, Cosmetic Industry, and Others. The Food Processing Industry held a dominant market share in the year 2021. The word "food processing" is frequently used to describe the production of packaged foods like TV dinners. It really is an important part of human life; the food processing business is normally heavily regulated to ensure food safety. Monosodium glutamate, or MSG, is one of the most prevalent but divisive substances used to improve the taste and flavor of foods during processing. Maximum allowable limits of MSG need to be added to canned crab meat (500mg/kg maximum) alone, according to FSSAI standards 2019. However, there are no standards for the maximum amount of naturally occurring MSG that can be consumed in food.
However, the Medical/pharmaceutical industry segment is estimated to be the fastest-growing, with a CAGR of 7.9% over the forecast period of 2022-2027. This is owing to the growing working population, the increasing need for personalized and novel food alternatives, changing customer tastes, and increased investment by key players in the pharmaceutical/medical sector, the market is estimated to develop at a faster rate during the forecast period 2022-2027.
Monosodium L-glutamate Market Segmentation Analysis- By Geography
The Monosodium L-glutamate Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 33% in the year 2021 as compared to its other counterparts on account of increased demand for processed foods, feed additives, and flavoring agents.
However, Asia-Pacific is estimated to be the fastest-growing over the forecast period of 2022-2027 on account of the rising use of glutamate salts, particularly in meat and other high-protein meals.
Monosodium L-glutamate Market Drivers
Rising Global Meat Consumption is Propelling the Market
According to the Organization for Economic Co-operation and Development (OECD), by 2050, meat consumption across the world is estimated to reach between 460 million and a staggering 570 million tons. The increased consumption of meat in both developed and developing nations is likely to drive demand for monosodium glutamate, which is utilized in animal feed, throughout the forecast period. The global monosodium glutamate (MSG) market is being driven by an increase in demand for ready-to-eat meat products.
Furthermore, as per capita income in emerging nations rises, so does the demand for frozen meat products, particularly among the working population. Other important drivers expected to drive the worldwide monosodium glutamate (MSG) market in the near future include rapid expansion of the animal husbandry industry, particularly in emerging countries, and a rise in government measures, including subsidies and programs, to stimulate cattle growth. Hence, rising meat consumption is estimated to increase the market for Monosodium L-glutamate.
Increasing Demand for Processing Foods is Driving the Market Growth
According to NABARD 2020, in recent years, the food processing industry has grown at a pace of about 20%. The industrial food processing sector has evolved to fulfill the present demand for food materials. The country's food processing industry is dominated by unorganized businesses.
For instance, the demand for instant noodles hit 106 billion servings in 2019, according to the World Instant Noodles Association. Around 40% of these quick noodle packets are broken open in China, but when it comes to consumption per capita, South Korea has the most noodle enthusiasts, with the average South Korean consuming more than 75 servings each year. As a result, increased demand for processed foods is anticipated to enhance the Monosodium L-glutamate Market.
Monosodium L-glutamate Market Challenges
Side Effects Like Burning and Chest Discomfort of Monosodium L-glutamate are Restraining the Market Growth
According to the International Food Information Council 2019 report, 4 in 10 consumers in the United States are actively avoiding Monosodium L-glutamate owing to its side effects. Chinese Restaurant Syndrome is a real clinical illness that is triggered only by MSG. Following MSG use, the most common symptoms reported were burning, face pressure, and chest discomfort. Chinese cuisine and MSG have also been associated with headaches, nausea, stomach pain, substernal burning, diaphoresis, palpitations, and asthma.
According to Mayo clinic 2020, no conclusive proof of a relationship between MSG and these symptoms has been discovered by experts. However, researchers recognize that MSG may cause short-term responses in a tiny number of persons. The symptoms are typically minor and do not necessitate medical attention. Avoiding MSG-containing meals is the only method to avoid a response. Hence, Monosodium L-rising glutamate's side effects are stifling the Monosodium L-glutamate Market.
Global Monosodium L-glutamate Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Monosodium L-glutamate Market. The top 10 Monosodium L-glutamate Market companies are-
1. Ajinomoto Co., Inc.
2. COFCO
3. Ningxia Eppen Biotech Co., Ltd
4. Cargill, Incorporated
5. Fufeng Group Company Limited
6. Meihua Holdings Group Co., Ltd.
7. Vedan International (Holdings) Limited
8. Shandong Qilu Biotechnology Group Co., Ltd.
9. Mitsubishi Corporation Life Sciences Limited
10. Korea CJ BIO
Recent Developments
- In December 2020, Ajinomoto Cambrooke Inc. has acquired Nualtra Limited, a medical nutrition company offering life-enhancing oral nutritional supplements in the UK and Ireland. With this acquisition, Cambrooke, a global pioneer and innovation in therapeutic nutrition for inborn errors of metabolism, ketogenic diet treatment, disease-related malnutrition, and, most recently, severe protein allergy. The acquisition is targeted to expand its medical nutrition offering.
Relevant Titles
Report Code: FBR 23377
Report Code: CMR 0239
Report Code: FBR 0242
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1. Monosodium L-glutamate Market - Overview
1.1 Definitions and Scope
2. Monosodium L-glutamate Market - Executive Summary
3. Monosodium L-glutamate Market - Comparative Analysis
3.1 Company Benchmarking - Key Companies
3.2 Global Financial Analysis - Key Companies
3.3 Market Share Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Monosodium L-glutamate Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Monosodium L-glutamate Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Monosodium L-glutamate Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Monosodium L-glutamate Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Monosodium L-glutamate Market – By Source
8.1 Tomato
8.2 Cheese
8.3 Mushrooms
8.4 Others
9. Monosodium L-glutamate Market – By Application
9.1 Additives
9.2 Preservatives
9.3 Flavor Enhancers
9.4 Acidity Regulators
9.5 Others
10. Monosodium L-glutamate Market – By End User
10.1 Food Processing Industry
10.2 Medical/Pharmaceutical industry
10.3 Livestock Industry
10.4 Cosmetic Industry
10.5 Others
11. Monosodium L-glutamate Market - By Geography
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Monosodium L-glutamate Market - Entropy
13. Monosodium L-glutamate Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. Monosodium L-glutamate Market – Key Company List by Country Premium Premium
15. Monosodium L-glutamate Market - Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Fufeng Group Market 2019-2024 ($M) - Global Industry Research
1.2 Meihua Biological Market 2019-2024 ($M) - Global Industry Research
1.3 CJ BIO Market 2019-2024 ($M) - Global Industry Research
1.4 Daesang Market 2019-2024 ($M) - Global Industry Research
1.5 Ajinomoto Market 2019-2024 ($M) - Global Industry Research
1.6 McCormick Market 2019-2024 ($M) - Global Industry Research
2.Global Market by Type Market 2019-2024 ($M)
2.1 99% MSG Market 2019-2024 ($M) - Global Industry Research
2.2 80% MSG Market 2019-2024 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2019-2024 (Volume/Units)
3.1 Fufeng Group Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Meihua Biological Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 CJ BIO Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Daesang Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Ajinomoto Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 McCormick Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2019-2024 (Volume/Units)
4.1 99% MSG Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 80% MSG Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2019-2024 ($M)
5.1 Fufeng Group Market 2019-2024 ($M) - Regional Industry Research
5.2 Meihua Biological Market 2019-2024 ($M) - Regional Industry Research
5.3 CJ BIO Market 2019-2024 ($M) - Regional Industry Research
5.4 Daesang Market 2019-2024 ($M) - Regional Industry Research
5.5 Ajinomoto Market 2019-2024 ($M) - Regional Industry Research
5.6 McCormick Market 2019-2024 ($M) - Regional Industry Research
6.North America Market by Type Market 2019-2024 ($M)
6.1 99% MSG Market 2019-2024 ($M) - Regional Industry Research
6.2 80% MSG Market 2019-2024 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2019-2024 ($M)
7.1 Fufeng Group Market 2019-2024 ($M) - Regional Industry Research
7.2 Meihua Biological Market 2019-2024 ($M) - Regional Industry Research
7.3 CJ BIO Market 2019-2024 ($M) - Regional Industry Research
7.4 Daesang Market 2019-2024 ($M) - Regional Industry Research
7.5 Ajinomoto Market 2019-2024 ($M) - Regional Industry Research
7.6 McCormick Market 2019-2024 ($M) - Regional Industry Research
8.South America Market by Type Market 2019-2024 ($M)
8.1 99% MSG Market 2019-2024 ($M) - Regional Industry Research
8.2 80% MSG Market 2019-2024 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2019-2024 ($M)
9.1 Fufeng Group Market 2019-2024 ($M) - Regional Industry Research
9.2 Meihua Biological Market 2019-2024 ($M) - Regional Industry Research
9.3 CJ BIO Market 2019-2024 ($M) - Regional Industry Research
9.4 Daesang Market 2019-2024 ($M) - Regional Industry Research
9.5 Ajinomoto Market 2019-2024 ($M) - Regional Industry Research
9.6 McCormick Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market by Type Market 2019-2024 ($M)
10.1 99% MSG Market 2019-2024 ($M) - Regional Industry Research
10.2 80% MSG Market 2019-2024 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2019-2024 ($M)
11.1 Fufeng Group Market 2019-2024 ($M) - Regional Industry Research
11.2 Meihua Biological Market 2019-2024 ($M) - Regional Industry Research
11.3 CJ BIO Market 2019-2024 ($M) - Regional Industry Research
11.4 Daesang Market 2019-2024 ($M) - Regional Industry Research
11.5 Ajinomoto Market 2019-2024 ($M) - Regional Industry Research
11.6 McCormick Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market by Type Market 2019-2024 ($M)
12.1 99% MSG Market 2019-2024 ($M) - Regional Industry Research
12.2 80% MSG Market 2019-2024 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2019-2024 ($M)
13.1 Fufeng Group Market 2019-2024 ($M) - Regional Industry Research
13.2 Meihua Biological Market 2019-2024 ($M) - Regional Industry Research
13.3 CJ BIO Market 2019-2024 ($M) - Regional Industry Research
13.4 Daesang Market 2019-2024 ($M) - Regional Industry Research
13.5 Ajinomoto Market 2019-2024 ($M) - Regional Industry Research
13.6 McCormick Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market by Type Market 2019-2024 ($M)
14.1 99% MSG Market 2019-2024 ($M) - Regional Industry Research
14.2 80% MSG Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)2.Canada Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
3.Mexico Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
4.Brazil Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
5.Argentina Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
6.Peru Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
7.Colombia Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
8.Chile Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
10.UK Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
11.Germany Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
12.France Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
13.Italy Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
14.Spain Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
16.China Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
17.India Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
18.Japan Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
19.South Korea Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
20.South Africa Global Monosodium L-glutamate Market Revenue, 2019-2024 ($M)
21.North America Global Monosodium L-glutamate By Application
22.South America Global Monosodium L-glutamate By Application
23.Europe Global Monosodium L-glutamate By Application
24.APAC Global Monosodium L-glutamate By Application
25.MENA Global Monosodium L-glutamate By Application