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Monosodium Glutamate Market - Forecast(2023 - 2028)
Monosodium Glutamate Market Overview
Monosodium Glutamate market size was valued at $5,638 million in 2020, and is anticipated to grow at a CAGR of 5.81% during the forecast period 2021-2026. Monosodium glutamate (MSG) is the sodium salt of the common amino acid glutamic acid. Glutamic acid in the sodium glutamate is naturally present in our bodies, and in many foods and food additives. Furthermore, Monosodium Glutamate is an ingredient which is highly used in variety of cuisines and commercially its application are in broths, soups, canned and frozen vegetables, flavoring and spice blends. Monosodium Glutamate application has increased over time and it is found in different ingredients obtainable in every market or grocery store. The increase in the demand for flavor enhancers, growing demand for monosodium glutamates in meat products, growing popularity of fast food chains in developing nations, increase in the standard of living, changing customer preferences and increase in the demand for convenience foods are the factors that are set to drive the growth of the global market for the forecast period 2021-2026. The Monosodium Glutamate industry is growing owing to the increased industrial and non-industrial applications and growing demand for convenience foods preferences. However, various health concerns associated with the consumption of monosodium glutamate is poised to hinder the monosodium glutamate market growth.
Report Coverage
The report: “Monosodium Glutamate Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Monosodium Glutamate Market:
By Source: Sugar Cane or Molasses, Tomatoes, Cheese and Others.
By Application: Additives, Preservatives, Flavor enhancers, Acidity regulators and others.
By End Users: Food Processing Industry, Medical/pharmaceutical industry, Livestock Industry, Cosmetic Industry and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW(Middle East and Africa).
Key Takeaways
- Geographically, Asia-Pacific region held the highest market share of 35.34% in 2020 owing to the growing popularity of fast food chains.
- The factors such as the increasing consumer awareness regarding the usage of monosodium glutamate in various end use industry coupled with rising demand of processed food products across the globe are amongst the major factor projected to impel growth of Monosodium Glutamate market.
- Additionally, factors such as companies investing in product innovations to reformulation to incorporate monosodium glutamate in their product portfolio through technological up gradations thereby, creating opportunities paving a way for the growth in the market during forecast period 2021-2026.
Monosodium Glutamate Market Segment Analysis – By End Users, 2020(%)
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Monosodium Glutamate Market Segment Analysis - By Applications
On the basis of applications, additives segment accounted for the largest segmental revenue of the Monosodium Glutamate market in 2020. The large share can be attributed to the fact that monosodium glutamate are currently preferred as it promotes growing demand for convenience foods, increase in the inclination towards taste, and rise in the disposable income of individuals which thus accelerates the growth of the Monosodium Glutamate market. Moreover, the growing demand for flavor enhancers in noodles, soup and broth has increased demand for monosodium glutamate hence, is ideal for various applications in the food and beverage industry. Also, this segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 6.3% as the growing demand for monosodium glutamate in meat products, growing consumption of meat among the young population and increase in the product launches are also aiding further increase in the growth of this market.
Monosodium Glutamate Market Segment Analysis - By End Users
In 2020, on the basis of end users, food processing industries segment accounted for the largest segmental revenue of the monosodium glutamate market on account of the factors such as growing demand for processed foods, increase in the inclination towards taste and rise in the disposable income of individuals. The growing demand for processed foods with enhanced flavors are to cater the market revenue for the segment.
On the contrary, medical/pharmaceutical industry segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 6.6% since there is an increasing working population, rising need of customized and newer food options, changing customer preferences and increase in the investment by the major players in the pharmaceutical/medical sector which is also set to increase the growth of the market during the forecast period 2021-2026.
Monosodium Glutamate Market Segment Analysis - By Geography
Asia Pacific is the major region dominating the monosodium glutamate market with a market share of 35.34% in the year 2020. This can be attributed increase in the production of monosodium glutamate in countries like China and Indonesia, growing popularity of fast food chains, and increase in the demand for convenience foods have accelerated market growth in the region. Moreover, Asia Pacific is a leading producer and consumer in the market, owing to the growing applications of monosodium glutamate in meat products in the region is driving the growth of the market.
On the other hand, North America is projected to be the significant-growing market during the forecast period 2021-2026 growing health consciousness among individuals, increase in the inclination towards sedentary lifestyle and increase in the product launches and innovations is resulting in growth in this category thereby, leading to an increased demand for Monosodium Glutamate in the region.
Monosodium Glutamate Market Drivers
Rising Demand For Fast Food Chains
The Monosodium Glutamate market driver can be attributed to the increase in the demand for fast foods chains is estimated to enhance the growth of Monosodium Glutamate Market owing to growing demand for convenience foods and sedentary lifestyle across the globe. Furthermore, there is a growing inclination towards taste among the young population which has made the manufacturers to launch products with enhanced flavors of monosodium glutamate. This is estimated to boost the market during the forecast period 2021-2026.
Monosodium Glutamate Market Challenges
High Consumption Health Concerns
The restraining factor that is to create a negative impact during the forecast period 2021-2026 is the high consumption of monosodium glutamate products which is projected to hamper the market growth as it causes Several health issues associated with the consumption of monosodium glutamate in food products have shifted the manufacturer’s preference towards other flavor enhancers.
Monosodium Glutamate Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Monosodium Glutamate market. In 2020, Monosodium Glutamate market share is fragmented by the top ten players present in the market. The Monosodium Glutamate market top 10 companies are Cargill Inc, Fufeng Group, Gremount International Company Limited, COFCO, Meihua Holdings Group Co Ltd, Ningxia Eppen Biotech Co Ltd, Ajinomoto Co Inc, R.M. Chemicals, Sunrise Nutrachem Group, Vedan International and others.
Acquisitions/Product Launches
- In January 2020, Japanese food processing and seasoning company Ajinomoto, announced that it is planning to expand market share of Monosodium Glutamate in Indian MSG market.
Relevant Reports:
Report Code: FBR 0043
Report Code: FBR 69148
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1. Food and Beverage Flow Sensor – Market Overview
2. Food and Beverage Flow Sensor Executive Summary
3. Food and Beverage Flow Sensor – Market Landscape
3.1 Market Share Analysis
3.2 Comparative Analysis
3.2.1 Product Benchmarking
3.2.2 End user profiling
3.2.3 Patent Analysis
3.2.4 Top 5 Financials Analysis
4. Food and Beverage Flow Sensor – Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Challenges
4.4 Attractiveness of the Flow Sensor Industry
4.4.1 Power of Suppliers
4.4.2 Power of Customers
4.4.3 Threat of New entrants
4.4.4 Threat of Substitution
4.4.5 Degree of Competition
5. Food and Beverage Flow Sensor Market– Strategic Analysis
5.1 Value Chain Analysis
5.2 Pricing Analysis
5.3 Opportunities Analysis
5.4 Product/Market Life Cycle Analysis
5.5 Suppliers and Distributors
6. Food and Beverage Flow Sensor Market - By Type
6.1 Introduction
6.2 Differential Pressure Flow Sensors
6.3 Positive Displacement Flow Sensors
6.4 Mass Flow Sensors
6.5 Open Channel Flow Sensors
6.6 Velocity Flow Sensors
6.7 Others
7. Food and Beverage Flow Sensor Market - By Technology
7.1 Introduction
7.2 Variable Area
7.3 Orifice Plate
7.4 Venturi Flow Sensors
7.5 Pitot Tubes
7.6 Oval Gear
7.7 Rotary Vane
7.8 Turbine Flow Sensors
7.9 Vortex Flow Sensors
7.10 Electromagnetic Flow Sensors
7.11 Ultrasonic Flow Sensors
7.12 Coriolis Flow Sensors
7.13 Thermal Flow Sensors
7.14 Mechanical Flow Sensors
7.15 Others
8. Food and Beverage Flow Sensor Market - By End Use Vertical
8.1 Introduction
8.2 Food Industry
8.3 Beverage Industry
9. Food and Beverage Flow Sensor Market –by Geography
9.1 North America
9.1.1 U.S.
9.1.2 Canada
9.1.3 Mexico
9.2.South America
9.2.1 Brazil
9.2.2 Venezuela
9.2.3 Argentina
9.2.4 Ecuador
9.2.5 Peru
9.2.6 Colombia
9.2.7 Costa Rica
9.2.7 Others
9.3.Europe
9.3.1 U.K
9.3.2 Germany
9.3.3 Italy
9.3.4 France
9.3.5 Netherlands
9.3.6 Belgium
9.3.7 Spain
9.3.8 Denmark
9.3.7 Others
9.4.APAC
9.4.1 China
9.4.2 Australia
9.4.3 South Korea
9.4.4 India
9.4.5 Taiwan
9.4.6 Malaysia
9.4.7 Hong Kong
9.4.7 Others
9.5.Middle East& Africa
9.5.1 Middle East
9.5.2 Africa
10. Market Entropy
10.1 New Product Launches
10.2 M&As, Collaborations, JVs, Partnership
11. Company Profiles
11.1Bopp & Reuther Messtechnik GmbH
11.2 Brooks Instrument
11.3 Cameron Measurement Systems
11.4 Hach Company
11.5 Faure Herman
11.6 Elster Instrument
11.7 Micro Motion Inc.
11.8 OVAL Corporation
11.9 Company 9
11.10 Company 10
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2019-2024 ($M)1.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Global Industry Research
1.2 Meat Products Market 2019-2024 ($M) - Global Industry Research
1.3 Seasonings and Dressings Market 2019-2024 ($M) - Global Industry Research
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 Noodles, Soups and Broth Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Meat Products Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Seasonings and Dressings Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
5.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
5.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
7.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
7.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
9.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
9.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
11.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
11.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
13.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
13.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Monosodium Glutamate Market Revenue, 2019-2024 ($M)2.Canada Monosodium Glutamate Market Revenue, 2019-2024 ($M)
3.Mexico Monosodium Glutamate Market Revenue, 2019-2024 ($M)
4.Brazil Monosodium Glutamate Market Revenue, 2019-2024 ($M)
5.Argentina Monosodium Glutamate Market Revenue, 2019-2024 ($M)
6.Peru Monosodium Glutamate Market Revenue, 2019-2024 ($M)
7.Colombia Monosodium Glutamate Market Revenue, 2019-2024 ($M)
8.Chile Monosodium Glutamate Market Revenue, 2019-2024 ($M)
9.Rest of South America Monosodium Glutamate Market Revenue, 2019-2024 ($M)
10.UK Monosodium Glutamate Market Revenue, 2019-2024 ($M)
11.Germany Monosodium Glutamate Market Revenue, 2019-2024 ($M)
12.France Monosodium Glutamate Market Revenue, 2019-2024 ($M)
13.Italy Monosodium Glutamate Market Revenue, 2019-2024 ($M)
14.Spain Monosodium Glutamate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Monosodium Glutamate Market Revenue, 2019-2024 ($M)
16.China Monosodium Glutamate Market Revenue, 2019-2024 ($M)
17.India Monosodium Glutamate Market Revenue, 2019-2024 ($M)
18.Japan Monosodium Glutamate Market Revenue, 2019-2024 ($M)
19.South Korea Monosodium Glutamate Market Revenue, 2019-2024 ($M)
20.South Africa Monosodium Glutamate Market Revenue, 2019-2024 ($M)
21.North America Monosodium Glutamate By Application
22.South America Monosodium Glutamate By Application
23.Europe Monosodium Glutamate By Application
24.APAC Monosodium Glutamate By Application
25.MENA Monosodium Glutamate By Application