Global Monosodium Glutamate (MSG) Market to Reach $10 Billion by 2030
The global market for Monosodium Glutamate (MSG) estimated at US$6.9 Billion in the year 2022, is projected to reach a revised size of US$10 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Additives, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$3.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Preservatives segment is readjusted to a revised 3.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 7.2% CAGR
The Monosodium Glutamate (MSG) market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.Select Competitors (Total 42 Featured) -
- Ajinomoto Co., Inc.
- COFCO Biochemical (Anhui) Co., Ltd.
- Fufeng Group
- Fujian Province Jianyang Wuyi MSG Co., Ltd.
- Linghua Group Limited
- Lotus Health Industry Group Co., Ltd
- Meihua Holdings Group Co., Ltd. (Meihua Group)
- Shandong Qilu Biotechnology Group
- VEDAN International (Holdings) Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ajinomoto Co., Inc.
- COFCO Biochemical (Anhui) Co., Ltd.
- Fufeng Group
- Fujian Province Jianyang Wuyi MSG Co., Ltd.
- Linghua Group Limited
- Lotus Health Industry Group Co., Ltd
- Meihua Holdings Group Co., Ltd. (Meihua Group)
- Shandong Qilu Biotechnology Group
- VEDAN International (Holdings) Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 323 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 6.9 Billion |
Forecasted Market Value ( USD | $ 10 Billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |