Monosodium Glutamate Global Market Opportunities And Strategies To 2034

The monosodium glutamate market is segmented by type into monosodium glutamate (regular), salted monosodium glutamate and special monosodium glutamate. The monosodium glutamate (regular) market was the largest segment of the monosodium glutamate market segmented by type, accounting for 51.54% or $ 2.88 billion of the total in 2024. Going forward, the salted monosodium glutamate segment is expected to be the fastest growing segment in the monosodium glutamate market segmented by type, at a CAGR of 7.93% during 2024-2029.

The monosodium glutamate market is segmented by form into powder and granules. The powder market was the largest segment of the monosodium glutamate market segmented by form, accounting for 67.80% or $3.78 billion of the total in 2024. Going forward, the granules segment is expected to be the fastest growing segment in the monosodium glutamate market segmented by form, at a CAGR of 6.80% during 2024-2029.

The monosodium glutamate market is by distribution channel into business-to-business (B2B) and business-to-consumer (B2C). The business-to-business (B2B) market was the largest segment of the monosodium glutamate market segmented by distribution channel, accounting for 70.08% or $3.91 billion of the total in 2024. Going forward, the business-to-consumer(B2C) segment is expected to be the fastest growing segment in the monosodium glutamate market segmented by distribution channel, at a CAGR of 7.09% during 2024-2029.

The monosodium glutamate market is segmented by application into preservatives, additives, acidity regulators, flavor enhancers and other applications. The flavor enhancers market was the largest segment of the monosodium glutamate market segmented by application, accounting for 72.50% or $4.05 billion of the total in 2024. Going forward, the additives segment is expected to be the fastest growing segment in the monosodium glutamate market segmented by application, at a CAGR of 7.25% during 2024-2029.

The monosodium glutamate market is segmented by end-user industry into pharmaceutical industry, food processing industry, cosmetics industry, livestock industry and other end-user industries. The food processing industry market was the largest segment of the monosodium glutamate market segmented by end-user industry, accounting for 53.33% or $2.98 billion of the total in 2024. Going forward, the pharmaceutical industry segment is expected to be the fastest growing segment in the monosodium glutamate market segmented by end-user industry, at a CAGR of 7.41% during 2024-2029.

Asia Pacific was the largest region in the monosodium glutamate market, accounting for 42.03% or $2.34 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the monosodium glutamate market will be North America and Africa where growth will be at CAGRs of 7.88% and 6.84% respectively. These will be followed by South America and Middle East where the markets are expected to grow at CAGRs of 6.32% and 6.12% respectively.

The global monosodium glutamate market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 26.43% of the total market in 2023. Ajinomoto Co. Inc. was the largest competitor with a 15.15% share of the market, followed by Fufeng Group with 2.61%, Meihua Holdings Group Co. Ltd. with 2.25%, Cargill Incorporated with 1.69%, Henan Lotus Flower Gourmet Powder Co. with 1.60%, Shandong Linghua Monosodium Glutamate Incorporated Company with 0.96%, McCormick & Company with 0.82%, RM chemicals Pvt. Ltd. with 0.60%, Vedan International (Holdings) Limited with 0.44%and CJ Cheiljedang with 0.31%.

This report describes and explains the monosodium glutamate market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global monosodium glutamate market reached a value of nearly $5.58 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.91% since 2019. The market is expected to grow from $5.58 billion in 2024 to $7.63 billion in 2029 at a rate of 6.45%. The market is then expected to grow at a CAGR of 5.73% from 2029 and reach $10.09 billion in 2034.

Growth in the historic period resulted from the rising changes in lifestyle and food habits, increasing demand for plant-based proteins, expanding food service industry and increasing demand for processed foods. Factors that negatively affected growth in the historic period was sustainability issues.

Going forward, the rising meat consumption, rising fast-food consumption, rising popularity of umami flavors and favorable government initiatives will drive the growth. Factor that could hinder the growth of the monosodium glutamate market in the future include stricter food labeling regulations and import tariffs and antidumping duties.

The top opportunities in the monosodium glutamate market segmented by type will arise in the monosodium glutamate (regular) segment, which will gain $3.88 billion of global annual sales by 2029. The top opportunities in the monosodium glutamate market segmented by form will arise in the powder segment, which will gain $5.13 billion of global annual sales by 2029. The top opportunities in the monosodium glutamate market segmented by distribution channel will arise in the business-to-business (B2B) segment, which will gain $5.28 billion of global annual sales by 2029. The top opportunities in the monosodium glutamate market segmented by application will arise in the flavor enhancers segment, which will gain $1.55 billion of global annual sales by 2029. The top opportunities in the monosodium glutamate market segmented by end-user industry will arise in the food processing industry segment, which will gain $4.12 billion of global annual sales by 2029. The monosodium glutamate market size will gain the most in the USA at $575.0 million.

Market-trend-based strategies for the monosodium glutamate market include innovative seasoning solutions for the foodservice industry, innovative corn processing projects revolutionizing MSG production and innovative MSG-based technique set to transform recombinant protein industry.

To take advantage of the opportunities, the analyst recommends the monosodium glutamate market companies should focus on repositioning msg through consumer-facing seasoning innovations, focus on scaling production through vertically integrated facilities, focus on expanding industrial applications through safe and efficient innovation, focus on expanding in the salted monosodium glutamate segment, expand in emerging markets, continue to focus on developed markets, focus on expanding regional partnerships and direct-to-retail channels, focus on dynamic pricing strategies to address regional cost sensitivities, focus on leveraging health-based communication and targeted regional campaigns, focus on expanding digital presence and industry collaboration, focus on targeting pharmaceutical industry stakeholders for application expansion.

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