The glutamic acid market was valued at $9.9 billion in 2020, and is projected to reach $16.6 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030.
Glutamic acid (C5H9NO4) is a non-essential amino acid that is used by all types of organisms to make proteins. It is mainly found in plants and animals, which means they can synthesize it through protein metabolism. Glutamic acid is found in three optical isomers: dextrorotatory L-form, L (+), and D (), with the L-form being the most common in nature. Glucose, sugarcane molasses, and coryneform bacteria are the main raw materials utilized to produce glutamic acid. It is made by utilizing fermentation process that includes stages like fermentation, centrifugation, carbon adsorption, evaporation, crystallization, and ion exchange. Because of the high quality and purity of the products obtained by fermentation, it has gained appeal among producers. However, the process is capital-intensive and requires a lot of electricity and water.
The glutamic acid market is expected to increase significantly in the near future, owing to increased use of processed food and the expansion of the animal feed sector. Because of expanding meat consumption, high disposable income, and population expansion, the animal feed sector is expected to grow significantly. In addition, during the projected period, processed food and ready-t-eat food are expected to drive market expansion. It is used in both processed and ready-t-eat food as a taste enhancer and as a food additive. Furthermore, in the near future, glutamic acid demand is expected to be fueled by an increasing trend among customers to choose healthy and nutritional food. Moreover, increasing preference toward natural food additives to lower the health issues arising due to usage of synthetic food additives might boost the demand for glutamic acid in near future. The demand for glutamic acid is expected to rise as the consumption of dairy products rises.
The glutamic acid market is segmented on the basis of end-use industry and region. By end-use industry, it is segmented into pharmaceutical, cosmetic and personal care, food and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The glutamic acid market share is analyzed across all significant regions and countries.
This report gives an in-depth profile of some key market players in the glutamic acid market, which include AMINO GmbH, Ajinomoto Co., Inc., Evonik industries, Fufeng group, Haihang Industry, KYOWA HAKKO BIO CO. LTD., Medinex, Sichuan Tongsheng Amino acid Co., Ltd, and Wuhan Amino Acid Bi-Chemical Co., Ltd.
Other players operating in the market are avenit AG, Suzhou Yuanfang Chemical Co. Ltd., Luojiang Chenming Biological Products Co., Ajinomoto Health & Nutrition North America, Inc., IRIS BIOTECH GMBH, Global Bi-chem Technology Group Company Limited, and Akzo Nobel N.V.
Glutamic acid (C5H9NO4) is a non-essential amino acid that is used by all types of organisms to make proteins. It is mainly found in plants and animals, which means they can synthesize it through protein metabolism. Glutamic acid is found in three optical isomers: dextrorotatory L-form, L (+), and D (), with the L-form being the most common in nature. Glucose, sugarcane molasses, and coryneform bacteria are the main raw materials utilized to produce glutamic acid. It is made by utilizing fermentation process that includes stages like fermentation, centrifugation, carbon adsorption, evaporation, crystallization, and ion exchange. Because of the high quality and purity of the products obtained by fermentation, it has gained appeal among producers. However, the process is capital-intensive and requires a lot of electricity and water.
The glutamic acid market is expected to increase significantly in the near future, owing to increased use of processed food and the expansion of the animal feed sector. Because of expanding meat consumption, high disposable income, and population expansion, the animal feed sector is expected to grow significantly. In addition, during the projected period, processed food and ready-t-eat food are expected to drive market expansion. It is used in both processed and ready-t-eat food as a taste enhancer and as a food additive. Furthermore, in the near future, glutamic acid demand is expected to be fueled by an increasing trend among customers to choose healthy and nutritional food. Moreover, increasing preference toward natural food additives to lower the health issues arising due to usage of synthetic food additives might boost the demand for glutamic acid in near future. The demand for glutamic acid is expected to rise as the consumption of dairy products rises.
The glutamic acid market is segmented on the basis of end-use industry and region. By end-use industry, it is segmented into pharmaceutical, cosmetic and personal care, food and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The glutamic acid market share is analyzed across all significant regions and countries.
This report gives an in-depth profile of some key market players in the glutamic acid market, which include AMINO GmbH, Ajinomoto Co., Inc., Evonik industries, Fufeng group, Haihang Industry, KYOWA HAKKO BIO CO. LTD., Medinex, Sichuan Tongsheng Amino acid Co., Ltd, and Wuhan Amino Acid Bi-Chemical Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global glutamic acid market along with the current glutamic acid market trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global glutamic acid industry for strategy building.
- A comprehensive market analysis covers factors that drive and restrain the global glutamic acid market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report
IMPACT OF COVID-19 ON THE GLUTAMIC ACID MARKET
- COVID-19 has spread to almost 213 countries around the globe with the “WORLD Health Organization” declaring it a public health emergency on March 11, 2020.
- Some of the major economies suffering from the COVID-19 crises include U.S. Germany, India, France, Italy, Spain, the UK, and Norway.
- In many countries, the economy has dropped due to the halt of several industries, especially demand and supply chain. Demand for the product has been hindered as there is no development due to the lockdown.
- The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the industry during the COVID-19 pandemic.
- Due to a scarcity of resources in various parts of the world, the COVID-19 pandemic has impacted negatively on the cosmetic and personal care industry. The industry's top players are concerned about the market's prospects and are rethinking their strategies to meet the challenge.
- The substantial increase in pharmaceutical product sales during the pandemic, may contribute to the market recovery in the near future. Due to the pandemic, spending on medications, vaccines, and other therapeutic sectors has grown significantly, which could help boost demand for glutamic acid during the forecasted period
KEY MARKET SEGMENTS
By End-Use Industries
- Pharmaceutical
- Cosmetics & Personal Care
- Food industry
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Amino GmbH
- Ajinomoto co
- Evonik industries
- Fufeng group
- Haihang group
- Hefei TNJ chemicals
- Kyowa Hakko
- Medinex
- Sichuan Tongsheng amino acid
- Wuhan amino acid
Other players operating in the market are avenit AG, Suzhou Yuanfang Chemical Co. Ltd., Luojiang Chenming Biological Products Co., Ajinomoto Health & Nutrition North America, Inc., IRIS BIOTECH GMBH, Global Bi-chem Technology Group Company Limited, and Akzo Nobel N.V.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY
CHAPTER 5: GLOBAL GLUTAMIC ACID MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Ajinomoto Co., Inc.
- AMINO GmbH
- Evonik Industries AG
- FUFENG GROUP
- Haihang Industry
- Hefei TNJ Chemical Industry Co., Ltd
- KYOWA HAKKO BIO CO.,LTD .
- Medinex
- Sichuan Tongsheng Amino acid Co., Ltd
- Wuhan Amino Acid Bio-Chemical Co., Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 196 |
| Published | January 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 9.9 billion |
| Forecasted Market Value ( USD | $ 16.6 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
