Monosodium Glutamate Market - Forecast(2024 - 2030)
Monosodium Glutamate Market Overview
Report Coverage
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 Applications
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
Monosodium Glutamate Market Challenges
High Consumption Health Concerns
Monosodium Glutamate Market Landscape
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:
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2023-2030 ($M)1.1 Noodles, Soups and Broth Market 2023-2030 ($M) - Global Industry Research
1.2 Meat Products Market 2023-2030 ($M) - Global Industry Research
1.3 Seasonings and Dressings Market 2023-2030 ($M) - Global Industry Research
2.Global COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
2.1 Most Adopted Strategies Market 2023-2030 ($M) - Global Industry Research
2.2 Most Active Companies Market 2023-2030 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2023-2030 (Volume/Units)
3.1 Noodles, Soups and Broth Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Meat Products Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Seasonings and Dressings Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global COMPETITIVE LANDSCAPE Market 2023-2030 (Volume/Units)
4.1 Most Adopted Strategies Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Most Active Companies Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2023-2030 ($M)
5.1 Noodles, Soups and Broth Market 2023-2030 ($M) - Regional Industry Research
5.2 Meat Products Market 2023-2030 ($M) - Regional Industry Research
5.3 Seasonings and Dressings Market 2023-2030 ($M) - Regional Industry Research
6.North America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
6.1 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
6.2 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2023-2030 ($M)
7.1 Noodles, Soups and Broth Market 2023-2030 ($M) - Regional Industry Research
7.2 Meat Products Market 2023-2030 ($M) - Regional Industry Research
7.3 Seasonings and Dressings Market 2023-2030 ($M) - Regional Industry Research
8.South America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
8.1 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
8.2 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2023-2030 ($M)
9.1 Noodles, Soups and Broth Market 2023-2030 ($M) - Regional Industry Research
9.2 Meat Products Market 2023-2030 ($M) - Regional Industry Research
9.3 Seasonings and Dressings Market 2023-2030 ($M) - Regional Industry Research
10.Europe COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
10.1 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
10.2 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2023-2030 ($M)
11.1 Noodles, Soups and Broth Market 2023-2030 ($M) - Regional Industry Research
11.2 Meat Products Market 2023-2030 ($M) - Regional Industry Research
11.3 Seasonings and Dressings Market 2023-2030 ($M) - Regional Industry Research
12.APAC COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
12.1 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
12.2 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2023-2030 ($M)
13.1 Noodles, Soups and Broth Market 2023-2030 ($M) - Regional Industry Research
13.2 Meat Products Market 2023-2030 ($M) - Regional Industry Research
13.3 Seasonings and Dressings Market 2023-2030 ($M) - Regional Industry Research
14.MENA COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
14.1 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
14.2 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Monosodium Glutamate Market Revenue, 2023-2030 ($M)2.Canada Monosodium Glutamate Market Revenue, 2023-2030 ($M)
3.Mexico Monosodium Glutamate Market Revenue, 2023-2030 ($M)
4.Brazil Monosodium Glutamate Market Revenue, 2023-2030 ($M)
5.Argentina Monosodium Glutamate Market Revenue, 2023-2030 ($M)
6.Peru Monosodium Glutamate Market Revenue, 2023-2030 ($M)
7.Colombia Monosodium Glutamate Market Revenue, 2023-2030 ($M)
8.Chile Monosodium Glutamate Market Revenue, 2023-2030 ($M)
9.Rest of South America Monosodium Glutamate Market Revenue, 2023-2030 ($M)
10.UK Monosodium Glutamate Market Revenue, 2023-2030 ($M)
11.Germany Monosodium Glutamate Market Revenue, 2023-2030 ($M)
12.France Monosodium Glutamate Market Revenue, 2023-2030 ($M)
13.Italy Monosodium Glutamate Market Revenue, 2023-2030 ($M)
14.Spain Monosodium Glutamate Market Revenue, 2023-2030 ($M)
15.Rest of Europe Monosodium Glutamate Market Revenue, 2023-2030 ($M)
16.China Monosodium Glutamate Market Revenue, 2023-2030 ($M)
17.India Monosodium Glutamate Market Revenue, 2023-2030 ($M)
18.Japan Monosodium Glutamate Market Revenue, 2023-2030 ($M)
19.South Korea Monosodium Glutamate Market Revenue, 2023-2030 ($M)
20.South Africa Monosodium Glutamate Market Revenue, 2023-2030 ($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