Global Glutamic Acid Market 2024-2028

The glutamic acid market is forecasted to grow by USD 5076.33 mn during 2023-2028, accelerating at a CAGR of 7.99% during the forecast period. The report on the glutamic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for use in sports supplements, increasing health consciousness among people, and expanding application of glutamic acids in skincare products.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.17%
CAGR	7.99%
Incremental Value	$5076.33mn

Technavio's glutamic acid market is segmented as below:

By Source

Plant-based
Animal-based

By End-user

Food and beverages
Pharmaceuticals
Others

By Geography

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing use of glutamic acid as animal feed additives as one of the prime reasons driving the glutamic acid market growth during the next few years. Also, the growing consumer awareness of healthy food and the growing demand from emerging economies will lead to sizable demand in the market.

The report on the glutamic acid market covers the following areas:

Glutamic acid market sizing
Glutamic acid market forecast
Glutamic acid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glutamic acid market vendors that include Ajinomoto Co. Inc., Amino GmbH, Anhui Keynovo Biotech Co. Ltd., Evonik Industries AG, Fufeng Group Ltd., Global Bio chem Technology Group Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Iris Biotech GmbH, Kyowa Hakko Bio Co. Ltd., Lanxess AG, Medinex Group, Ningxia Eppen Biotech Co. Ltd., Otto Chemie Pvt. Ltd., Sekisui Medical Co. Ltd., ShanDong look chemical Co. Ltd., Sichuan Tongsheng Amino acid Co. Ltd, Suzhou Yuanfang Chemical Co. Ltd., Tocris Bioscience, Tokyo Chemical Industry Co. Ltd., and Wuhan Amino Acid Bio Chemical Co. Ltd.. Also, the glutamic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74582

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Source
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global glutamic acid market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global glutamic acid market 2018 - 2022 ($ million)
4.2 Source Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Source Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Source

6.1 Market segments
Exhibit 30: Chart on Source - Market share 2023-2028 (%)
Exhibit 31: Data Table on Source - Market share 2023-2028 (%)
6.2 Comparison by Source
Exhibit 32: Chart on Comparison by Source
Exhibit 33: Data Table on Comparison by Source
6.3 Plant-based - Market size and forecast 2023-2028
Exhibit 34: Chart on Plant-based - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Plant-based - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Plant-based - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Plant-based - Year-over-year growth 2023-2028 (%)
6.4 Animal-based - Market size and forecast 2023-2028
Exhibit 38: Chart on Animal-based - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Animal-based - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Animal-based - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Animal-based - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Source
Exhibit 42: Market opportunity by Source ($ million)
Exhibit 43: Data Table on Market opportunity by Source ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Food and beverages - Market size and forecast 2023-2028
Exhibit 48: Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
7.4 Pharmaceuticals - Market size and forecast 2023-2028
Exhibit 52: Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ million)
Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share by geography 2023-2028 (%)
Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Ajinomoto Co. Inc.
Exhibit 115: Ajinomoto Co. Inc. - Overview
Exhibit 116: Ajinomoto Co. Inc. - Business segments
Exhibit 117: Ajinomoto Co. Inc. - Key offerings
Exhibit 118: Ajinomoto Co. Inc. - Segment focus
12.4 Amino GmbH
Exhibit 119: Amino GmbH - Overview
Exhibit 120: Amino GmbH - Product / Service
Exhibit 121: Amino GmbH - Key offerings
12.5 Evonik Industries AG
Exhibit 122: Evonik Industries AG - Overview
Exhibit 123: Evonik Industries AG - Business segments
Exhibit 124: Evonik Industries AG - Key news
Exhibit 125: Evonik Industries AG - Key offerings
Exhibit 126: Evonik Industries AG - Segment focus
12.6 Fufeng Group Ltd.
Exhibit 127: Fufeng Group Ltd. - Overview
Exhibit 128: Fufeng Group Ltd. - Business segments
Exhibit 129: Fufeng Group Ltd. - Key offerings
Exhibit 130: Fufeng Group Ltd. - Segment focus
12.7 Global Bio chem Technology Group Co. Ltd.
Exhibit 131: Global Bio chem Technology Group Co. Ltd. - Overview
Exhibit 132: Global Bio chem Technology Group Co. Ltd. - Business segments
Exhibit 133: Global Bio chem Technology Group Co. Ltd. - Key offerings
Exhibit 134: Global Bio chem Technology Group Co. Ltd. - Segment focus
12.8 Hefei TNJ Chemical Industry Co. Ltd.
Exhibit 135: Hefei TNJ Chemical Industry Co. Ltd. - Overview
Exhibit 136: Hefei TNJ Chemical Industry Co. Ltd. - Product / Service
Exhibit 137: Hefei TNJ Chemical Industry Co. Ltd. - Key offerings
12.9 Iris Biotech GmbH
Exhibit 138: Iris Biotech GmbH - Overview
Exhibit 139: Iris Biotech GmbH - Product / Service
Exhibit 140: Iris Biotech GmbH - Key offerings
12.10 Kyowa Hakko Bio Co. Ltd.
Exhibit 141: Kyowa Hakko Bio Co. Ltd. - Overview
Exhibit 142: Kyowa Hakko Bio Co. Ltd. - Product / Service
Exhibit 143: Kyowa Hakko Bio Co. Ltd. - Key offerings
12.11 Lanxess AG
Exhibit 144: Lanxess AG - Overview
Exhibit 145: Lanxess AG - Business segments
Exhibit 146: Lanxess AG - Key offerings
Exhibit 147: Lanxess AG - Segment focus
12.12 Medinex Group
Exhibit 148: Medinex Group - Overview
Exhibit 149: Medinex Group - Product / Service
Exhibit 150: Medinex Group - Key offerings
12.13 Ningxia Eppen Biotech Co. Ltd.
Exhibit 151: Ningxia Eppen Biotech Co. Ltd. - Overview
Exhibit 152: Ningxia Eppen Biotech Co. Ltd. - Product / Service
Exhibit 153: Ningxia Eppen Biotech Co. Ltd. - Key offerings
12.14 Otto Chemie Pvt. Ltd.
Exhibit 154: Otto Chemie Pvt. Ltd. - Overview
Exhibit 155: Otto Chemie Pvt. Ltd. - Product / Service
Exhibit 156: Otto Chemie Pvt. Ltd. - Key offerings
12.15 Sekisui Medical Co. Ltd.
Exhibit 157: Sekisui Medical Co. Ltd. - Overview
Exhibit 158: Sekisui Medical Co. Ltd. - Product / Service
Exhibit 159: Sekisui Medical Co. Ltd. - Key offerings
12.16 Sichuan Tongsheng Amino acid Co. Ltd
Exhibit 160: Sichuan Tongsheng Amino acid Co. Ltd - Overview
Exhibit 161: Sichuan Tongsheng Amino acid Co. Ltd - Product / Service
Exhibit 162: Sichuan Tongsheng Amino acid Co. Ltd - Key offerings
12.17 Wuhan Amino Acid Bio Chemical Co. Ltd.
Exhibit 163: Wuhan Amino Acid Bio Chemical Co. Ltd. - Overview
Exhibit 164: Wuhan Amino Acid Bio Chemical Co. Ltd. - Product / Service
Exhibit 165: Wuhan Amino Acid Bio Chemical Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations