The global glutamic acid market is expected to accumulate a market value of US$ 10,160.6 million in 2023 and is expected to accumulate a market value of US$ 15,787.8 million by registering a CAGR of 4.7% in the forecast period 2023 to 2033.
The growth of the glutamic acid market can be attributed to the increasing use of the same in the food and pharmaceutical industry. The market for glutamic acid registered a CAGR of 4.1% in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 10,160.6 million |
| Anticipated Forecast Value (2033) | US$ 15,787.8 million |
| Projected Growth Rate (2023 to 2033) | 4.7% CAGR |
Glutamic acid is also known as a proteinogenic amino acid. Glutamic acid is commonly used in almost all protein compounds. These are found in meats, cereals, soy protein, and certain algae. It is predominantly used as a flavor enhancer in processed food products.
Glutamates act as a neurotransmitter in the nervous system. Glutamate is a non-essential amino acid and is crucial for the proper working of cells and for disposing extra nitrogen from the human body.
Glutamic acid is a non-essential amino acid. Glutamic acid is mainly metabolized in the brain and is a vital neurotransmitter for normal and healthy brain function. Few other benefits of glutamic acid include muscular dystrophy and schizophrenia also known as bipolar disorder treatment among others.
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The global demand for glutamic acid is projected to increase at a CAGR of 4.7% during the forecast period between 2023 and 2033, reaching a total of US$ 15,787.8 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 4.1%.
The wide use application of glutamic acid in end user industries such as food and pharmaceutical industries is contributing to the growth of the market. Moreover, increasing health awareness amongst individuals is accelerating the use of glutamic acid in protein powders and nutritional products.
The expanding dominance of packaged food industry along with increasing dependency on food enhancers by various food product companies is further boosting the sales of glutamic acid. In the upcoming years, the demand for glutamic acid is expected to increase owing to the nutritional nature of the same.
End user industries propelling growth of glutamic acid market
The production and consumption of glutamic acid are highly influenced by its demand from the end-use industries. Increasing demand for animal feed, coupled with the growing utilization of food additives and food enhancers in the food and beverages industry, is estimated to trigger the product demand in the near future. An increase in demand for packaged food along with food enhancers is maximizing the use of glutamic acid in the food industry.
Furthermore, glutamic acid is largely used in the pharmaceutical industry owing to its various benefits. Glutamic acid helps in improving personality disorders and is used to treat behavioral disorders in children. Glutamic acid is also used for muscular dystrophy, mental retardation, ulcers, epilepsy, and hypoglycemic coma.
Nutritional benefits of glutamic acid boosting growth
Another factor driving the market is the shifting preference towards natural food products, further supported by rising health concerns. Glutamic acids are also used in dairy products to increase the shelf life and enhance the taste. The increasing awareness among individuals regarding consuming healthy products has positively impacted the demand for glutamic acid in the food and beverages and pharmaceuticals sectors.
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Risk associated with excessive intake hindering market growth
The excessive intake of glutamic acid along with unsupervised guidance can have negative effects on health. Excessive intake of glutamic acid can result in headaches and fatigue problems. This not only deters the health of individuals but also makes them feel tired for a long time. In addition, the risk of stroke morality associated with consumption of glutamic acid is restraining the growth of the market.
Glutamic Acid helping in treatment of diseases in the region
North America is expected to dominate in the glutamic acid market during the forecast period owing to the growing processed food industry in US and Mexico. The demand for glutamic acid is anticipated to be driven by the growing demand for pharmaceuticals and animal feed.
In the pharmaceutical sector, the product is utilized to manufacture a variety of drugs for the treatment of various diseases such as epilepsy and cognitive problems. This has led to the increasing use of glutamic acid in pharmaceutical and food & beverage industry. Thus, due to these reasons, North America is expected to possess 29.4% market share for glutamic acid market in 2023.
Packaged food and food additives enhancing glutamic acid market growth
The demand for processed food in Italy, Germany and Spain is expected to fuel the growth in the region. Increasing consumption of cheddar cheese along with packaged foods is contributing to market growth. In Europe, the rising health concerns and the government regulations regarding public health and feed additives are supposed to impact the market significantly.
The pharmaceutical industry present in the region has increased the use of glutamic acid for producing different medicines. This, in turn, is positively influencing the growth of the glutamic acid market. Thus, owing to the reasons mentioned above, Europe is expected to hold 27.5% market share for glutamic acid market in 2023.
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Rising consumer preference towards healthy food increasing use of glutamic acid in food additives
The global glutamic acid market is segmented by application into food additives, pharmaceutical, and animal & pet food. Amongst all the applications, food additives are a prominent application segment of the global glutamic acid market, and further, it is expected to maintain its dominance during the forecast period. Glutamic acid is anticipated to witness a substantial growth owing to growing application in processed food and animal feed industry.
Glutamic acid is used as a food additive and also as a flavor enhancer in various packed and functional foods. Moreover, the rising consumer preference towards healthy food products along with better taste and nutrition is anticipated to enhance the sales during the forecast period.
Further, the shifting tendency towards the usage of processed food is further expected to bolster the glutamic acid market growth across the globe. Thus, food additives are expected to hold 40% of the market share for glutamic acid market.
Key players in the glutamic acid market are Preon, Sunbloom Proteins, The Better Meat Co, ChickP and Tomorrow Foods
The prominent players in the global glutamic acid market are Global Bio-chem Technology Group Company, Bachem AG, Ningxia EPPEN Bioengineering Stock Co., Ltd, Kyowa Hakko Bio Co., Ltd, Sichuan Tongsheng Amino Acid Co., Ltd, Iris Biotech GmbH, Suzhou Yuanfang Chemical Co. Ltd., Ajinomoto Co., Inc., Limited, Akzo Nobel N.V., and Evonik Industries AG
To ensure product differentiation and to gain a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.
| Attribute | Details |
|---|---|
| Market Value in 2023 | US$ 10,160.6 million |
| Market Value in 2033 | US$ 15,787.8 million |
| Growth Rate | CAGR of 4.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
The market is valued at US$ 10,160.6 million in 2023.
From 2018 to 2022, the market registered a CAGR of 4.1%.
The market shall reach US$ 15,787.8 million in 2033.
The market’s CAGR from 2023 to 2033 will be 4.7%.
Ajinomoto Co., Inc., Akzo Nobel N.V., and Evonik Industries AG are key market players.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Billion) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis By Application, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Billion) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
5.3.1. Food additives
5.3.2. Pharmaceuticals
5.3.3. Animal & Pet Food
5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ Billion) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. MEA
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. The USA
7.2.1.2. Canada
7.2.2. By Application
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Application
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.4. Key Takeaways
9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United Kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.4. Key Takeaways
10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.4. Key Takeaways
11. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. Value (US$ Billion) & Volume (Tons)ed States
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2022
12.1.2.1. By Application
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2022
12.2.2.1. By Application
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2022
12.3.2.1. By Application
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2022
12.4.2.1. By Application
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2022
12.5.2.1. By Application
12.6. United Kingdom
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2022
12.6.2.1. By Application
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2022
12.7.2.1. By Application
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2022
12.8.2.1. By Application
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2022
12.9.2.1. By Application
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2022
12.10.2.1. By Application
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2022
12.11.2.1. By Application
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2022
12.12.2.1. By Application
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2022
12.13.2.1. By Application
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2022
12.14.2.1. By Application
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2022
12.15.2.1. By Application
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2022
12.16.2.1. By Application
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2022
12.17.2.1. By Application
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2022
12.18.2.1. By Application
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2022
12.19.2.1. By Application
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Application
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Bio-chem Technology Group Company
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.1.5.2. Product Strategy
14.1.1.5.3. Channel Strategy
14.1.2. Bachem AG
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.2.5.2. Product Strategy
14.1.2.5.3. Channel Strategy
14.1.3. Ningxia EPPEN Bioengineering Stock Co., Ltd
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.3.5.2. Product Strategy
14.1.3.5.3. Channel Strategy
14.1.4. Kyowa Hakko Bio Co., Ltd
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.4.5.2. Product Strategy
14.1.4.5.3. Channel Strategy
14.1.5. Sichuan Tongsheng Amino Acid Co., Ltd
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.5.5.2. Product Strategy
14.1.5.5.3. Channel Strategy
14.1.6. Iris Biotech GmbH
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.6.5.2. Product Strategy
14.1.6.5.3. Channel Strategy
14.1.7. Suzhou Yuanfang Chemical Co. Ltd.
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.7.5.2. Product Strategy
14.1.7.5.3. Channel Strategy
14.1.8. Ajinomoto Co., Inc.
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.8.5.2. Product Strategy
14.1.8.5.3. Channel Strategy
14.1.9. Akzo Nobel N.V.
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.9.5.2. Product Strategy
14.1.9.5.3. Channel Strategy
14.1.10. Evonik Industries AG
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.10.5.2. Product Strategy
14.1.10.5.3. Channel Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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Glutamic Acid Market
