The global glutamic acid market is expected to accumulate a market value of USD 10,160.6 million in 2023 and is expected to accumulate a market value of USD 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) | USD 10,160.6 million |
| Anticipated Forecast Value (2033) | USD 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 USD 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 | USD 10,160.6 million |
| Market Value in 2033 | USD 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 USD 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 | Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand,GCC,South Africa,Israel |
| Key Companies Profiled | 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.; Akzo Nobel N.V.; Evonik Industries AG |
| Customization | Available Upon Request |
The market is valued at USD 10,160.6 million in 2023.
From 2018 to 2022, the market registered a CAGR of 4.1%.
The market shall reach USD 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 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Food additives 5.2. Pharmaceuticals 5.3. Animal & Pet Food 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. MEA 7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Key Countries Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Bio-chem Technology Group Company 14.2. Bachem AG 14.3. Ningxia EPPEN Bioengineering Stock Co., Ltd 14.4. Kyowa Hakko Bio Co., Ltd 14.5. Sichuan Tongsheng Amino Acid Co., Ltd 14.6. Iris Biotech GmbH 14.7. Suzhou Yuanfang Chemical Co. Ltd. 14.8. Ajinomoto Co., Inc. 14.9. Akzo Nobel N.V. 14.10. Evonik Industries AG 15. Assumptions & Acronyms Used 16. Research Methodology
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Glutamic Acid Market
