PUBLISHER: The Business Research Company | PRODUCT CODE: 1539743
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539743
Monosodium glutamate (MSG) is a flavor enhancer commonly added to food to intensify and improve its taste. It is the sodium salt of glutamic acid, an amino acid that naturally occurs in many foods and is essential for protein composition. Monosodium glutamate is valued for enhancing food flavors, thereby increasing their appeal and palatability.
There are several types of monosodium glutamate, including regular monosodium glutamate, salted monosodium glutamate, and special monosodium glutamate. Salted monosodium glutamate (MSG) is a blend of regular table salt (sodium chloride) and monosodium glutamate, typically in a ratio of 9 parts salt to 1 part MSG. These variants are available in powder and granular forms, distributed in both business-to-business (B2B) and business-to-consumer (B2C) markets. They find diverse applications such as preservatives, additives, acidity regulators, and flavor enhancers, catering to industries including pharmaceuticals, food processing, cosmetics, and livestock.
The monosodium glutamate market research report is one of a series of new reports from The Business Research Company that provides monosodium glutamate market statistics, including monosodium glutamate industry global market size, regional shares, competitors with a monosodium glutamate market share, detailed monosodium glutamate market segments, market trends, and opportunities, and any further data you may need to thrive in the monosodium glutamate industry. This monosodium glutamate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The monosodium glutamate market size has grown strongly in recent years. It will grow from $5.27 billion in 2023 to $5.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The increase during the historical period was driven by a rising consumer demand for ready-to-eat and processed foods, expanding populations and urbanization, growth in the foodservice sector, and a growing preference for umami flavors among consumers.
The monosodium glutamate market size is expected to see strong growth in the next few years. It will grow to $7.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Anticipated growth in the forecast period is attributed to the widespread adoption of MSG in processed food manufacturing, growing demand for processed and convenient foods, increasing use of MSG in food and beverage applications, rising disposable incomes in developing economies, and higher demand for bakery and confectionery products. Key trends expected in the forecast period include the development of new production methods, manufacturers expanding into new markets, a shift from extraction to fermentation processes, product innovations, and consumer preference for clean label products.
The growing popularity of processed foods is expected to drive the expansion of the monosodium glutamate (MSG) market. Processed foods undergo various alterations such as cooking, curing, smoking, fermenting, or ingredient additions for preservation or flavor enhancement. This trend is driven by busy lifestyles, convenience, and evolving dietary preferences. MSG, known for its ability to enhance savory umami taste, is widely used in processed foods to improve flavor and increase consumer appeal. Its role in enhancing palatability makes it a valuable ingredient in the food industry. For example, in 2023, the US Department of Agriculture reported a 1.7% increase in the total value of US processed food exports, highlighting the growing significance of ready-to-eat and processed foods in stimulating the MSG market.
Leading companies in the MSG market are focusing on developing innovative methods for large-scale production of recombinant proteins. This novel approach has the potential to revolutionize production processes for a wide range of valuable proteins, including those from milk, eggs, supplements for baby food, nutraceuticals, and therapeutic molecules. For instance, in May 2024, researchers at the Indian Institute of Science (IISc) introduced a safer alternative method using MSG as a food additive in the mass production of recombinant proteins. This innovative expression system offers broader applications in biotechnology industries, facilitating efficient production of diverse proteins crucial for various health and nutritional applications.
In January 2023, Ajinomoto Health and Nutrition North America Inc., a US-based company specializing in the research, development, manufacturing, and sale of amino acid-based products and food solutions, completed the acquisition of More Than Gourmet (MTG) for an undisclosed sum. This strategic acquisition is aimed at leveraging MTG's expertise in liquid seasonings, broths, and sauces to enhance Ajinomoto's ability to offer customized menu proposals to food service and restaurant customers. More Than Gourmet (MTG), based in the US, is recognized for its production of high-quality culinary products, including sauces and broths.
Major companies operating in the monosodium glutamate market are COFCO Group, Kerry Group, Ajinomoto Co. Inc., Foodchem International Corporation, McCormick & Company, Fufeng Group, Meihua Holdings Group, Tate & Lyle plc, B&G Foods Inc., Vedan International (Holdings) Limited, Triangulum chemicals private limited, Global Bio-Chem Technology Group Company Limited, Gremount International Company Limited, Fooding Group Limited(Fooding), Sunshine Chemicals Company, Great American Spice Company, RM chemicals, Puramate, Linghua Group Limited, Sunrise Chemicals
North America was the largest region in the monosodium glutamate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monosodium glutamate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the monosodium glutamate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The monosodium glutamate market consists of sales of fermentation-based monosodium glutamate, hydrolyzed-based monosodium glutamate, monosodium glutamate solutions, and monosodium glutamate blenders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Monosodium Glutamate Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on monosodium glutamate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for monosodium glutamate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The monosodium glutamate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.