APAC Monosodium Glutamate Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

The Asia-Pacific (APAC) monosodium glutamate (MSG) market is projected to grow from $2,985.2 million in 2024 to $4,061.4 million by 2030, at a compound annual growth rate (CAGR) of 5.3%. This growth is driven by the expanding food processing and beverage industry in the region, where MSG is widely used as a flavor enhancer. The availability of raw materials, such as sugarcane, and affordable labor in APAC countries further supports MSG production. Additionally, MSG's broad applications across industries, including food processing, pharmaceuticals, cosmetics, and animal feed, contribute to its growing demand.

Key Insights

MSG is commonly used as a flavor enhancer in processed foods such as soups, sauces, snacks, and seasonings.

The pharmaceutical sector is a growing end-user, utilizing MSG as a stabilizer and excipient in tablets, capsules, and other formulations.

MSG is gaining traction in the cosmetics industry due to its skin-conditioning properties, making it a valuable ingredient in moisturizers, creams, and lotions.

The increasing popularity of packaged and convenience foods in APAC countries has significantly driven MSG demand.

China remains the largest and fastest-growing market in the region, supported by its vast food processing industry and high consumption of processed foods.

The region benefits from abundant raw materials like sugarcane and cost-effective labor, providing a competitive advantage to MSG manufacturers.

Technological advancements in fermentation processes are improving the quality and yield of MSG production, catering to rising consumer demand.

Despite its wide usage, MSG faces challenges due to health concerns and regulatory reviews, which could influence market trends.

Key players are consolidating their presence through mergers, acquisitions, and partnerships to strengthen their market positions and broaden their product portfolios.

Product Code: 13179

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by form
- 1.4.2. Market size breakdown, by distribution channel
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by end use
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. APAC Market

6.1. Overview
6.2. Market Volume, by Form (2019-2030)
6.3. Market Revenue, by Form (2019-2030)
6.4. Market Volume, by Distribution Channel (2019-2030)
6.5. Market Revenue, by Distribution Channel (2019-2030)
6.6. Market Volume, by Application (2019-2030)
6.7. Market Revenue, by Application (2019-2030)
6.8. Market Volume, by End Use (2019-2030)
6.9. Market Revenue, by End Use (2019-2030)
6.10. Market Volume, by Country (2019-2030)
6.11. Market Revenue, by Country (2019-2030)

Chapter 7. Competitive Landscape

7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments

Chapter 8. Company Profiles

8.1. Ajinomoto Co. Inc.
- 8.1.1. Business overview
- 8.1.2. Product and service offerings
- 8.1.3. Key financial summary
8.2. Vedan International (Holdings) Limited.
- 8.2.1. Business overview
- 8.2.2. Product and service offerings
- 8.2.3. Key financial summary
8.3. KYOWA HAKKO BIO CO.LTD.
- 8.3.1. Business overview
- 8.3.2. Product and service offerings
- 8.3.3. Key financial summary
8.4. Shandong Linghua MSG Co. Ltd
- 8.4.1. Business overview
- 8.4.2. Product and service offerings
- 8.4.3. Key financial summary
8.5. Shandong Shenghua Group
- 8.5.1. Business overview
- 8.5.2. Product and service offerings
- 8.5.3. Key financial summary
8.6. Jianyang Wuyi MSG Co. Ltd.
- 8.6.1. Business overview
- 8.6.2. Product and service offerings
- 8.6.3. Key financial summary
8.7. Xinjiang Fufeng Biotechnologies Co.
- 8.7.1. Business overview
- 8.7.2. Product and service offerings
- 8.7.3. Key financial summary
8.8. Meihua Holdings Group Co. Ltd
- 8.8.1. Business overview
- 8.8.2. Product and service offerings
- 8.8.3. Key financial summary
8.9. Kerry Group plc
- 8.9.1. Business overview
- 8.9.2. Product and service offerings
- 8.9.3. Key financial summary

Chapter 9. Appendix

9.1. Abbreviations
9.2. Sources and References
9.3. Related Reports

APAC Monosodium Glutamate Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)