According to Future Market Insights research, during the projected forecast period, the Monosodium Glutamate (MSG) market is expected to grow at a CAGR of 5.7%. The market value projected to increase is from USD 4,951.8 million in 2022 to USD 8,620.2 million by 2032. The Monosodium Glutamate (MSG) market was valued at USD 4,789.0 million at the end of 2021 and is projected to exhibit Y-o-Y growth of 3.4% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 4,951.8 million |
| Market Forecast Value in 2032 | USD 8,620.2 million |
| Global Growth Rate (2022 to 2032) | 5.7% CAGR |
| Forecast Period | 2022 to 2032 |
| The USA market share of Monosodium Glutamate (MSG) | 33.0% |
Glutamate is a naturally occurring amino acid that can be found in foods like fish, nuts, mushrooms, meats, tomatoes, seaweed, and the majority of dairy products as well as in the human body. By breaking down corn or sugarcane into smaller pieces, as well as by breaking down bacteria, glutamate is produced.
A white crystal is the end result, to which sodium is then added to create monosodium glutamate or MSG. Mass production at a cheap cost is accomplished using the fermentation process. For a variety of foods, including baked goods, sauces, milk and meat products, and cheeses, it is used as a food additive and flavor enhancer. Additionally, it is a dairy ingredient used to improve the flavor and shelf life of dairy products.
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In the Historical outlook of the Monosodium Glutamate (MSG) market, the value increased from USD 4,189.5 million in 2017 to USD 4,789.0 million in 2021. The CAGR (2017 to 2021) is observed to be 3.4%.
Due to busy lives, there is a growing preference for processed food and fast food, which is anticipated to continue to be a major driver of the worldwide monosodium glutamate market over the forecast period. Due to its ability to produce monosodium glutamate on a large scale while retaining a low cost per unit, fermentation has replaced the extraction process in its manufacture.
Consequently, a rise in profit margin has significantly impacted market growth for monosodium glutamate. The monosodium glutamate market is expected to be constrained by consumer health issues related to MSG use, such as headaches, perspiration, chest pain, nausea, and skin rashes, as well as regional FDA (Food & Drug Administration) regulations.
For the Future projection of the Monosodium Glutamate (MSG) market, the value increased from USD 4,951.8 million in 2022 to USD 8,620.2 million in 2032. The CAGR (2022 to 2032) is estimated to be 5.7%.
The major factors driving the growth of the MSG market in North America are increasing demand from various end-use industries, such as food & beverage and pharmaceuticals, and rising health consciousness among consumers.
The USA contributes 33.0% of total revenue for Monosodium Glutamate (MSG) Market.
MSG is a common ingredient in many Asian dishes, and its popularity is increasing in Europe as more people are exposed to Asian cuisine. MSG-containing foods are perceived to be more flavorful and delicious than those without MSG, making them increasingly popular among European consumers.
The food processing industry is also a major user of MSG, as it is used to enhance the flavor of processed meats and other food products. With the growing demand for processed foods in Europe, the demand for MSG is also expected to grow.
Germany contributes 23.7% to Monosodium Glutamate (MSG) market and United Kingdom CAGR for the forecast period is 6.0%.
The Asia Pacific MSG market is driven by the growing demand for processed and packaged food in the region. The increasing population and urbanization are also contributing to the growth of the MSG market in Asia Pacific. Additionally, the growing awareness about the health benefits of MSG is expected to further boost the growth of the market in this region.
Japan's contribution to Monosodium Glutamate (MSG) market is 11.1% of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in Monosodium Glutamate (MSG) market are 3.5% and 4.2% respectively.
The rising demand for processed food, coupled with the growing population, is expected to drive the growth of the MSG market in Latin America.
Brazil is the largest market for MSG in Latin America, accounting for over 30% of the region’s demand. The country’s growing population and economy are major factors driving the growth of the MSG market in Brazil.
In the past decade, the MSG market in MEA & RoW has seen significant growth. This is due to the increased demand for MSG in food and beverage applications.
The MEA & RoW MSG market is driven by the growing demand for processed and packaged foods. The rising income levels and changing lifestyles of consumers in the region are fuelling the demand for MSG. In addition, the growing population and the need for convenience foods are also driving market growth.
From the Oceania region, Australia is contributing 2.5% of the total revenue of Monosodium Glutamate (MSG) market.
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Monosodium glutamate is widely used in the food processing industry to create seasonal mixes, functional and handy foods, snacks, soups, and instant noodles. Restaurants and institutional food service companies both utilize MSG. It is marketed under a number of trade names, including accent, Ajinomoto, and third spice.
Monosodium Glutamate, or MSG, is a common food additive that has been used for centuries. Though it is most commonly associated with Chinese food, MSG can be found in many different cuisines. It is used to enhance the flavor of food and can be found in soups, sauces, marinades, and Seasonings.
Monosodium Glutamate (MSG) is a white crystalline powder that is commonly used as a flavor enhancer in many savory dishes. The MSG market is highly competitive with numerous players competing for market share. The top three players in the MSG market are Ajinomoto, Kerry Group, and Fufeng Group. These companies hold a combined market share of over 60%.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Monosodium Glutamate (MSG) market will reach a valuation of USD 4,951.8 million by the end of 2022.
The USA Monosodium Glutamate (MSG) Market is contributing 33.0% of the total market share which is valued at around USD 1,634.1 million.
USA, Canada, Mexico, Argentina, Brazil, Germany, United Kingdom, France, Italy, Russia, Spain China, Japan, India, and Australia are the major countries driving demand for Monosodium Glutamate (MSG) Market.
The Germany Monosodium Glutamate (MSG) Market is contributing 23.7% of the total market share which values at USD 1,173.6 million.
• Ajinomoto • Kerry Group • Fufeng Group • Meihua Holdings Group • Sunrise Nutrachem Group Above are the top 5 market players in Monosodium Glutamate (MSG) industry.
The Japan Monosodium Glutamate (MSG) market contribution is 11.1% of total market share.
The India Monosodium Glutamate (MSG) market will grow at 3.5% CAGR between 2022 and 2032.
The global Monosodium Glutamate (MSG) market is forecasted to surpass USD 8,620.2 million by the end of 2032.
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