PUBLISHER: TechNavio | PRODUCT CODE: 1666791
PUBLISHER: TechNavio | PRODUCT CODE: 1666791
The glutamic acid market is forecasted to grow by USD 7840.9 million during 2024-2029, accelerating at a CAGR of 9.1% 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 | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 8% |
CAGR | 9.1% |
Incremental Value | $7840.9 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's glutamic acid market is segmented as below:
By Source
By End-user
By Geographical Landscape
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, growing consumer awareness of healthy food and growing demand from emerging economies will lead to sizable demand in the market.
The report on the glutamic acid market covers the following areas:
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, 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 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 primary and secondary research. 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 accurate market growth.