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Glutamic Acid Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Pharmaceuticals, Animal Feed), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2021-2028

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    Report

  • 150 Pages
  • October 2021
  • Region: Global
  • Grand View Research
  • ID: 5463606
Description Jump to:
The global glutamic acid market size is expected to reach USD 17.16 billion by 2028. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. Glutamic acid is widely used in dietary supplements owing to its ability to build protein building blocks and help to detoxify the body. The market is projected to witness significant growth over the forecast period owing to the increasing global demand for animal feed, coupled with the surging use of food additives and food enhancers in the industry.



The prices of glutamic acid vary as per grade. Strong demand for the product in the animal feed and food and beverage industries has increased the price of glutamic acid. Moreover, disturbance caused by the COVID-19 pandemic in the raw material supply chain is another factor behind the increasing prices of glutamic acid. In the year 2019, Evonik Industries AG has increased the prices of its glutamic acid products at the global level by 15% due to the escalating cost of required raw materials.

Manufacturers compete based on distribution channels and strive to expand their market reach to increase their market share and bolster the annual revenue. The companies also compete on the basis of profit margins due to their high dependence on the distribution network for sales, thus leading to high entry barriers for the market. Glutamic acid manufacturers focus on improving their products and enhancing their manufacturing capabilities to distinguish their products from the products of other manufacturers in the industry and enhance their market share.

In 2020, Asia Pacific accounted for the largest revenue share of over 50.0%. The market growth is credited to the increasing purchasing power of the consumers, the growing adoption of a healthy lifestyle, and the expansion of the end-use industries, such as animal feed, pharmaceutical, cosmetics and personal care, and food and beverage. The demand for animal feed in countries such as India and China is projected to grow due to the presence of an abundant livestock population.

Glutamic Acid Market Report Highlights

  • In 2020, the food and beverages application segment held the largest revenue share of over 80.0%. The globally increasing popularity of convenience products and ready-to-drink beverages is expected to drive the demand for glutamic acid in the food and beverages application
  • The pharmaceuticals segment was the second-largest application segment in 2020 and is projected to expand at the highest revenue-based CAGR of 8.0% from 2021 to 2028 owing to the application of glutamic acid in treating various diseases, such as epilepsy, muscular dystrophy, neurotransmission imbalances, and cognitive and behavioral problems
  • Asia Pacific is anticipated to expand at the highest revenue-based CAGR over the forecast period. China has been the world’s largest consumer market for food and beverages over the past few years, making it highly appealing for foreign brands and players in the food and beverage industry
  • North America emerged as the second-largest regional segment in 2020. The growing aging population and rising cases of non-communicable diseases, such as cancer, cardiovascular diseases, and chronic respiratory diseases, are fueling the demand for pharmaceutical products, including dietary supplements, in the region


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Table of Contents

Chapter 1 Methodology And Scope
1.1 Market Segmentation &Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 List To Data Sources
1.3.4 Third Party Perspective
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.7 Research Scope And Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segmental Outlook
Chapter 3 Glutamic Acid Market: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Price Trend Analysis, 2017-2028
3.5 Regulatory Framework
3.5.1 Regulation
3.5.2 U.S.
3.5.3 European Union (EU)
3.5.4 Central & South America
3.5.5 India
3.5.6 Japan
3.5.7 China
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Increasing Demand For Glutamic Acid In Pharmaceutical Products & Supplements
3.6.1.2 Increasing Demand For Animal Feed
3.6.2 Market Restraint Analysis
3.6.2.1 Excessive Glutamic Acid Intake May Lead To Health Issue
3.7 Impact Of The Covid-19 Pandemic
3.8 Business Environment Analysis
3.8.1 Industry Analysis - Porter’s
3.8.2 Glutamic Acid -Macroeconomic Analysis
Chapter 4 Glutamic Acid Market: Application Estimates & Trend Analysis
4.1 Application Movement Analysis & Market Share, 2020 & 2028 (USD Million)
4.2 Global Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
4.2.1 Food & Beverages
4.2.1.1 Global Glutamic Acid Market Size & Forecasts And Trend Analysis, In Food & Beverages, 2017 - 2028 (Kilotons) (USD Million)
4.2.2 Pharmaceuticals
4.2.2.1 Global Glutamic Acid Market Size & Forecasts And Trend Analysis, In Pharmaceuticals, 2017 - 2028 (Kilotons) (USD Million)
4.2.3 Animal Feed
4.2.3.1 Global Glutamic Acid Market Size & Forecasts And Trend Analysis, In Animal Feed, 2017 - 2028 (Kilotons) (USD Million)
4.2.4 Others
4.2.4.1 Global Glutamic Acid Market Size & Forecasts And Trend Analysis, In Other Applications, 2017 - 2028 (Kilotons) (USD Million)
Chapter 5 Glutamic Acid Market: Regional Estimates & Trend Analysis
5.1 Glutamic Acid Regional Movement Analysis & Market Share, 2020 & 2028 (USD Million)
5.2 Global Glutamic Acid Market Size & Forecasts And Trend Analysis, By Region, 2017 - 2028 (Kilotons) (USD Million)
5.2.1 North America
5.2.1.1 North America Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.1.2 U.S.
5.2.1.2.1 U.S. Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.1.3 Canada
5.2.1.3.1 Canada Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.1.4 Mexico
5.2.1.4.1 Mexico Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.2 Europe
5.2.2.1 Europe Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.2.2 U.K.
5.2.2.2.1 U.K. Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.2.3 Germany
5.2.2.3.1 Germany Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.2.4 France
5.2.2.4.1 France Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.3 Asia Pacific
5.2.3.1 Asia Pacific Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.3.2 China
5.2.3.2.1 China Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.3.3 India
5.2.3.3.1 India Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.3.4 Japan
5.2.3.4.1 Japan Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.4 Central & South America
5.2.4.1 Central & South America Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.4.2 Brazil
5.2.4.2.1 Brazil Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.4.3 Argentina
5.2.4.3.1 Argentina Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.5 Middle East & Africa
5.2.5.1 Middle East & Africa Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.5.2 Saudi Arabia
5.2.5.2.1 Saudi Arabia Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
5.2.5.3 South Africa
5.2.5.3.1 South Africa Glutamic Acid Market Size & Forecasts And Trend Analysis, By Application, 2017 - 2028 (Kilotons) (USD Million)
Chapter 6 Competitive Landscape
6.1 Competitive Dashboard
6.2 Vendor Landscape
6.3 Key Innovators, Market Leaders, And Emerging Players
6.4 Strategic Framework
Chapter 7 Company Profiles
7.1 Ajinomoto Co., Inc.
7.1.1 Company Overview
7.1.1 Financial Performance
7.1.2 Product Benchmarking
7.2 Akzo Nobel N.V.
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.3 Evonik Industries Ag
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Sichuan Tongsheng Amino Acid Co., Ltd.
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 Kyowa Hakko Bio Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Ottokemi
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.7 Hefei TNJ Chemical Industry Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.8 Suzhou Yuanfang Chemical Co., Ltd.
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.9 Global Bio-Chem Technology Group Company Limited
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.10 Ningxia Yipin Biological Technology Co., Ltd.
7.10.1 Company Overview
7.10.1 Financial Performance
7.10.2 Product Benchmarking
List of Tables
Table 1 Physical and Chemical Properties of Glutamic Acid
Table 2 Global glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 3 Global glutamic acid market revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 4 Global glutamic acid market size & forecasts and trend analysis, in food & beverages, 2017 - 2028 (Kilotons) (USD Million)
Table 5 Global glutamic acid market size & forecasts and trend analysis, in pharmaceuticals, 2017 - 2028 (Kilotons) (USD Million)
Table 6 Global glutamic acid market size & forecasts and trend analysis, in animal feed, 2017 - 2028 (Kilotons) (USD Million)
Table 7 Global glutamic acid market size & forecasts and trend analysis, in others, 2017 - 2028 (Kilotons) (USD Million)
Table 8 Global glutamic acid market volume estimates & forecasts, by region, 2017 - 2028 (Kilotons)
Table 9 Global glutamic acid market revenue estimates & forecasts, by region, 2017 - 2028 (USD Million)
Table 10 North America glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 11 North America glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 12 U.S. glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 13 U.S. glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 14 Canada glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 15 Canada glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 16 Mexico glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 17 Mexico glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 18 Europe glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 19 Europe glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 20 U.K. glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 21 U.K. glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 22 Germany glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 23 Germany glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 24 France glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 25 France glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 26 Asia Pacific glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 27 Asia Pacific glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 28 China glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 29 China glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 30 India glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 31 India glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 32 Japan glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 33 Japan glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 34 Central & South America glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 35 Central & South America glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 36 Brazil glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 37 Brazil glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 38 Argentina glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 39 Argentina glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 40 Middle East & Africa glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 41 Middle East & Africa glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 42 Saudi Arabia glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 43 Saudi Arabia glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 44 South Africa glutamic acid market volume estimates & forecasts, by application, 2017 - 2028 (Kilotons)
Table 45 South Africa glutamic acid revenue estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 46 List of Key Manufacturers
Table 47 List of raw material supplier
Table 48 List of potential end-users
Table 49 Company Categorization Table
List of Figures
Fig. 1 Glutamic Acid Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Data analysis models
Fig. 4 Glutamic Acid Market Snapshot
Fig. 5 Glutamic Acid Market Segmental Revenue (Kilotons), 2020
Fig. 6 Glutamic Acid Market Estimates & Forecasts, 2017 - 2028 (Kilotons) (USD Million)
Fig. 7 Value Chain Analysis - Glutamic Acid Market
Fig. 8 Glutamic Acid price trend, 2017 - 2028
Fig. 9 Market Dynamics
Fig. 10 Estimated number of cancer cases in the U.S. states, 2021
Fig. 11 Global Feed Market, 2020 (Million Tons)
Fig. 12 Number of U.S. households with pet animals, 2020 (Million)
Fig. 13 PORTER’S Analysis
Fig. 14 PESTEL Analysis
Fig. 15 Glutamic Acid market revenue share, by application, 2020 & 2028 (USD Million)
Fig. 16 Glutamic Acid revenue market revenue share, by region, 2020 & 2028 (USD Million)
Fig. 17 Strategic Framework

Companies Mentioned

  • Ajinomoto Co., Inc.
  • Akzo Nobel N.V.
  • Evonik Industries Ag
  • Sichuan Tongsheng Amino Acid Co., Ltd.
  • Kyowa Hakko Bio Co., Ltd.
  • Ottokemi
  • Hefei TNJ Chemical Industry Co., Ltd.
  • Suzhou Yuanfang Chemical Co., Ltd.
  • Global Bio-Chem Technology Group Company Limited
  • Ningxia Yipin Biological Technology Co., Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedOctober 2021
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 10.17 billion
Forecasted Market Value ( USD ) by 2028 $ 17.16 billion
Compound Annual Growth Rate7.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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