The monosodium glutamate market is expected to grow at a compound annual growth rate of 8.5%, from its estimated $4.3 billion in 2021 to $9.7 billion by 2031.
Monosodium glutamate (MSG) market size is assessed to over 3 million tons and is likely to grow to 4 million tons for the forecast period. MSG is the sodium salt of glutamic acid which is an amino acid. MSG is present in huge quantities as it is a non-essential amino acid, naturally found in cheese and tomatoes. The production process has changed from extraction to the fermentation method, as this method is used for large-scale production while maintaining a low per-unit cost.
The monosodium glutamate market is dominated by the food processing industry. It is used in production of packaged food products, for example, sauces, meat, baked goods and milk products. Furthermore, it is used as an additive in dairy products to increase the shelf life and enhance taste of product. It is also used as flavor enhancers in cannery, fish processing plants, slaughterhouse, and food packaging plants. Apart from food products MSG is also widely used in MSG is commonly available in various forms like accent, Ajinomoto and third spice.
Monosodium glutamate market size is driven by the food processing industry. The growing population and busy schedules have led to increased demand of processed and packaged food. Food products like instant food, snacks, seasonal blends, instant soup, instant noodles and many other items. The spending and purchasing power of the people has grown. MSG is approved by the European Union as ‘safe-for-use’ food additive and as ‘GRAS’ (generally recognized as safe) food product by the US Food and Drug Administration (FDA).
Another popular contributor in monosodium glutamate market is the pharmaceutical industry. It is used in parenteral nutrition, for hereditary metabolism disease and to regulate hypertension. Unhealthy living style and eating habits have led to issues like obesity, which in turn have caused growth in pharmaceutical products. MSG is also used in very small quantities for animal feed.
Since the use of MSG is still controversial, listing on the label is a mandate. In the west region the use of flavor enhancers is still a consumers. This is due to the adverse effects on health caused by them, like headaches, allergic reactions and nausea, these symptoms are popularly known as ‘Chinese Restaurant Syndrome’.
Segmentation of monosodium glutamate market size on various factors are end-user, applications and region. According to the end-user monosodium glutamate market is bifurcated into food processing, pharmaceutical, livestock industry, and cosmetic industry. Segmentation on the basis of application is Additives, Acidity regulators, Preservatives, Flavor enhancers. Segmentation on the basis of geography is Asia-Pacific, North America, US, Europe, Latin America and Middle East and Africa. The biggest producer and consumer of MSG is China owing to large market demand, followed by India and Southeast Asian countries. North America and United States have high demand of MSG due to the growing demand of expansion in the food and cosmetic industry. Latin America and Middle East and Africa are showing growth owing to increased use MSG in cosmetic, pharmaceutical, and food industries.
Key players in global monosodium glutamate market are B&G Foods Inc, The Tien Chu (Hong Kong) Company Limited, Vedan International, Ajinomoto, Fufeng Group, Sunrise Nutrachem Group, Global Bio-Chem Technology Group Company Limited,Eppens.Cn, and many others.
Monosodium Glutamate (MSG) Market Scope
|Revenue forecast in 2031
|CAGR of 8.5 % during 2021-2031
|by Applications, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Cargill Inc, Fufeng Group, Gremount International Company Limited, COFCO, Meihua Holdings Group Co Ltd
The various segments of global monosodium glutamate market are,
- Food Processing Industry
- Medical/pharmaceutical industry
- Cosmetic Industry
- Livestock Industry
- Acidity Regulators
- Flavor enhancers
- North America
- Latin America and Middle East and Africa