The global market for Glutamic Acid is estimated at US$11.1 Billion in 2023 and is projected to reach US$19.0 Billion by 2030, growing at a CAGR of 7.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the glutamic acid market is driven by several factors, including the rising demand for processed and convenience foods, where MSG is commonly used to enhance flavor. Technological advancements in fermentation processes have significantly improved the efficiency of glutamic acid production, making it more cost-effective and accessible. Additionally, the expanding pharmaceutical industry’s need for amino acid-based drugs and supplements has spurred demand. Consumer trends toward natural and clean-label products have also contributed to the market growth, as glutamic acid and its derivatives are considered natural ingredients. Moreover, the increasing application of glutamic acid in animal feed to enhance the nutritional value and growth performance of livestock is another critical growth driver. The ongoing research into the health benefits of glutamic acid, particularly its role in brain health and metabolism, is expected to further propel its market demand.
The growth in the glutamic acid market is driven by several factors, including the rising demand for processed and convenience foods, where MSG is commonly used to enhance flavor. Technological advancements in fermentation processes have significantly improved the efficiency of glutamic acid production, making it more cost-effective and accessible. Additionally, the expanding pharmaceutical industry’s need for amino acid-based drugs and supplements has spurred demand. Consumer trends toward natural and clean-label products have also contributed to the market growth, as glutamic acid and its derivatives are considered natural ingredients. Moreover, the increasing application of glutamic acid in animal feed to enhance the nutritional value and growth performance of livestock is another critical growth driver. The ongoing research into the health benefits of glutamic acid, particularly its role in brain health and metabolism, is expected to further propel its market demand.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Food & Beverage Application segment, which is expected to reach US$14.6 Billion by 2030 with a CAGR of a 8.0%. The Animal Feed Application segment is also set to grow at 7.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $7.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Glutamic Acid Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Glutamic Acid Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Glutamic Acid Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Evonik Industries AG, Ajinomoto Co., Inc., AnaSpec, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 53 Featured):
- Evonik Industries AG
- Ajinomoto Co., Inc.
- AnaSpec, Inc.
- Global Bio-Chem Technology Group Co., Ltd.
- Bachem AG
- AMCO Proteins
- Clariant AG
- Amino GmbH
- Central Drug House (P) Ltd.
- Chaitanya Biologicals Pvt., Ltd.
- Devson Impex Pvt., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- AF Biochem
- Calzyme Laboratories, Inc.
- Avanscure Lifesciences Private Limited
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Evonik Industries AG
- Ajinomoto Co., Inc.
- AnaSpec, Inc.
- Global Bio-Chem Technology Group Co., Ltd.
- Bachem AG
- AMCO Proteins
- Clariant AG
- Amino GmbH
- Central Drug House (P) Ltd.
- Chaitanya Biologicals Pvt., Ltd.
- Devson Impex Pvt., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- AF Biochem
- Calzyme Laboratories, Inc.
- Avanscure Lifesciences Private Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 255 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.1 Billion |
| Forecasted Market Value ( USD | $ 19 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
