Global Monosodium Glutamate (MSG) market 2024-2028

Description

List of Tables

The monosodium glutamate (MSG) market is forecasted to grow by USD 1642.4 mn during 2023-2028, accelerating at a CAGR of 5.52% during the forecast period. The report on the monosodium glutamate (MSG) 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 increased awareness and acceptance of MSG, strategic marketing of MSG and product innovations by market vendors, and growing popularity of asian cuisines.

Technavio's monosodium glutamate (MSG) market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.83%
CAGR	5.52%
Incremental Value	$1642.4mn

By Distribution Channel

Offline
Online

By End-user

Food processing industry
Restaurants
Institutional food service
Direct consumer

By Geographical Landscape

APAC
Middle East and Africa
Europe
North America
South America

This study identifies the expansion of MSG applications as one of the prime reasons driving the monosodium glutamate (MSG) market growth during the next few years. Also, growing emphasis on sustainable and ethical sourcing of MSG and advances in fermentation and production technologies in MSG manufacturing will lead to sizable demand in the market.

The report on the monosodium glutamate (MSG) market covers the following areas:

Monosodium glutamate (MSG) market sizing
Monosodium glutamate (MSG) market forecast
Monosodium glutamate (MSG) 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 monosodium glutamate (MSG) market vendors that include Ace Ingredients Co. Ltd. , Ajinomoto Co. Inc., Badia Spices Inc., BAKERS AUTHORITY, Bolners Fiesta Products Inc., ChemCeed, Daesang Corp., Foodchem International Corp., Lerochem, Masda Chemical Pte Ltd, Meihua Holdings Group Co. Ltd., Merck KGaA, Pearl River Bridge, Prakash Chemicals Agencies Pvt. Ltd., Puramate India Pvt Ltd, The Great American Spice Co., Urban Platter, VEDAN Weidan Enterprise, Waltons, and World of Spice.. Also, the monosodium glutamate (MSG) 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: IRTNTR80002

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value Chain Analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

5 Historic Market Size

5.1 Global Monosodium Glutamate (MSG) Market 2018 - 2022
- Historic Market Size - Data Table on Global Monosodium Glutamate (MSG) Market 2018 - 2022 ($ million)
5.2 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
5.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

6 Five Forces Analysis

6.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
6.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
6.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
6.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
6.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
6.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
6.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ million)
- Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)

8 Market Segmentation by End-user

8.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
8.3 Food processing industry - Market size and forecast 2023-2028
- Chart on Food processing industry - Market size and forecast 2023-2028 ($ million)
- Data Table on Food processing industry - Market size and forecast 2023-2028 ($ million)
- Chart on Food processing industry - Year-over-year growth 2023-2028 (%)
- Data Table on Food processing industry - Year-over-year growth 2023-2028 (%)
8.4 Hotels - Market size and forecast 2023-2028
- Chart on Hotels - Market size and forecast 2023-2028 ($ million)
- Data Table on Hotels - Market size and forecast 2023-2028 ($ million)
- Chart on Hotels - Year-over-year growth 2023-2028 (%)
- Data Table on Hotels - Year-over-year growth 2023-2028 (%)
8.5 Institutional food service - Market size and forecast 2023-2028
- Chart on Institutional food service - Market size and forecast 2023-2028 ($ million)
- Data Table on Institutional food service - Market size and forecast 2023-2028 ($ million)
- Chart on Institutional food service - Year-over-year growth 2023-2028 (%)
- Data Table on Institutional food service - Year-over-year growth 2023-2028 (%)
8.6 Direct consumer - Market size and forecast 2023-2028
- Chart on Direct consumer - Market size and forecast 2023-2028 ($ million)
- Data Table on Direct consumer - Market size and forecast 2023-2028 ($ million)
- Chart on Direct consumer - Year-over-year growth 2023-2028 (%)
- Data Table on Direct consumer - Year-over-year growth 2023-2028 (%)
8.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

10.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
10.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
10.4 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
10.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
10.6 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
10.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
10.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
10.9 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
10.10 Indonesia - Market size and forecast 2023-2028
- Chart on Indonesia - Market size and forecast 2023-2028 ($ million)
- Data Table on Indonesia - Market size and forecast 2023-2028 ($ million)
- Chart on Indonesia - Year-over-year growth 2023-2028 (%)
- Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
10.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
10.12 Thailand - Market size and forecast 2023-2028
- Chart on Thailand - Market size and forecast 2023-2028 ($ million)
- Data Table on Thailand - Market size and forecast 2023-2028 ($ million)
- Chart on Thailand - Year-over-year growth 2023-2028 (%)
- Data Table on Thailand - Year-over-year growth 2023-2028 (%)
10.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

11 Drivers, Challenges, and Opportunity/Restraints

11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints

12 Competitive Landscape

12.1 Overview
12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
- Overview on factors of disruption
12.4 Industry risks
- Impact of key risks on business

13 Competitive Analysis

13.1 Companies profiled
- Companies covered
13.2 Company ranking index
- Company ranking index
13.3 Market positioning of companies
- Matrix on companies position and classification
13.4 Ace Ingredients Co. Ltd.
- Ace Ingredients Co. Ltd. - Overview
- Ace Ingredients Co. Ltd. - Product / Service
- Ace Ingredients Co. Ltd. - Key offerings
- SWOT
13.5 Ajinomoto Co. Inc.
- Ajinomoto Co. Inc. - Overview
- Ajinomoto Co. Inc. - Business segments
- Ajinomoto Co. Inc. - Key news
- Ajinomoto Co. Inc. - Key offerings
- Ajinomoto Co. Inc. - Segment focus
- SWOT
13.6 Badia Spices Inc.
- Badia Spices Inc. - Overview
- Badia Spices Inc. - Product / Service
- Badia Spices Inc. - Key offerings
- SWOT
13.7 BAKERS AUTHORITY
- BAKERS AUTHORITY - Overview
- BAKERS AUTHORITY - Product / Service
- BAKERS AUTHORITY - Key offerings
- SWOT
13.8 Bolners Fiesta Products Inc.
- Bolners Fiesta Products Inc. - Overview
- Bolners Fiesta Products Inc. - Product / Service
- Bolners Fiesta Products Inc. - Key offerings
- SWOT
13.9 Daesang Corp.
- Daesang Corp. - Overview
- Daesang Corp. - Business segments
- Daesang Corp. - Key offerings
- Daesang Corp. - Segment focus
- SWOT
13.10 Foodchem International Corp.
- Foodchem International Corp. - Overview
- Foodchem International Corp. - Product / Service
- Foodchem International Corp. - Key offerings
- SWOT
13.11 Lerochem
- Lerochem - Overview
- Lerochem - Product / Service
- Lerochem - Key offerings
- SWOT
13.12 Masda Chemical Pte Ltd
- Masda Chemical Pte Ltd - Overview
- Masda Chemical Pte Ltd - Product / Service
- Masda Chemical Pte Ltd - Key offerings
- SWOT
13.13 Meihua Holdings Group Co. Ltd.
- Meihua Holdings Group Co. Ltd. - Overview
- Meihua Holdings Group Co. Ltd. - Product / Service
- Meihua Holdings Group Co. Ltd. - Key offerings
- SWOT
13.14 Merck KGaA
- Merck KGaA - Overview
- Merck KGaA - Business segments
- Merck KGaA - Key news
- Merck KGaA - Key offerings
- Merck KGaA - Segment focus
- SWOT
13.15 Pearl River Bridge
- Pearl River Bridge - Overview
- Pearl River Bridge - Product / Service
- Pearl River Bridge - Key offerings
- SWOT
13.16 The Great American Spice Co.
- The Great American Spice Co. - Overview
- The Great American Spice Co. - Product / Service
- The Great American Spice Co. - Key offerings
- SWOT
13.17 VEDAN Weidan Enterprise
- VEDAN Weidan Enterprise - Overview
- VEDAN Weidan Enterprise - Product / Service
- VEDAN Weidan Enterprise - Key offerings
- SWOT
13.18 Waltons
- Waltons - Overview
- Waltons - Product / Service
- Waltons - Key offerings
- SWOT

14 Appendix

14.1 Scope of the report
14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
14.3 Currency conversion rates for US$
- Currency conversion rates for US$
14.4 Research methodology
- Research methodology
14.5 Data procurement
- Information sources
14.6 Data validation
- Data validation
14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
14.8 Data synthesis
- Data synthesis
14.9 360 degree market analysis
- 360 degree market analysis
14.10 List of abbreviations
- List of abbreviations