Monosodium Glutamate Trends and Forecast
The future of the global monosodium glutamate market looks promising with opportunities in the food processing & service, livestock & pet food , and retail markets. The global monosodium glutamate market is expected to reach an estimated $7.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increase in food processing sector and growing use of flavor enhancers in food service industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Monosodium Glutamate by Segment
The study includes a forecast for the global monosodium glutamate by sales channel, end use, and region.
Monosodium Glutamate Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• Business to Business
• Business to Consumers
Monosodium Glutamate Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Food Processing & Services
• Livestock & Pet Food
• Retail
• Others
Monosodium Glutamate Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Monosodium Glutamate Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies monosodium glutamate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the monosodium glutamate companies profiled in this report include-
• Cargill
• Ajinomoto
• Meihua Holdings Group
• Foodchem International Corporation
• Tate & Lyle
• Linghua Group Limited
• B&G Foods
• RM Chemicals
• The Glutamate Association
• Puramate
Monosodium Glutamate Market Insights
Lucintel forecasts that business to business is expected to witness the higher growth over the forecast period.
Within this market, food processing & service is expected to witness the highest growth over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Monosodium Glutamate Market
Market Size Estimates: Monosodium glutamate market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Monosodium glutamate market size by sales channel, end use, and region in terms of value ($B).
Regional Analysis: Monosodium glutamate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sales channels, end uses, and regions for the monosodium glutamate market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the monosodium glutamate market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the monosodium glutamate market size?
Answer: The global monosodium glutamate market is expected to reach an estimated $7.3 billion by 2030.
Q2. What is the growth forecast for monosodium glutamate market?
Answer: The global monosodium glutamate market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the monosodium glutamate market?
Answer: The major drivers for this market are increase in food processing sector and growing use of flavor enhancers in food service industry.
Q4. What are the major segments for monosodium glutamate market?
Answer: The future of the monosodium glutamate market looks promising with opportunities in the food processing & service, livestock & pet food , and retail markets.
Q5. Who are the key monosodium glutamate market companies?
Answer: Some of the key monosodium glutamate companies are as follows:
• Cargill
• Ajinomoto
• Meihua Holdings Group
• Foodchem International Corporation
• Tate & Lyle
• Linghua Group Limited
• B&G Foods
• RM Chemicals
• The Glutamate Association
• Puramate
Q6. Which monosodium glutamate market segment will be the largest in future?
Answer: Lucintel forecasts that business to business is expected to witness the higher growth over the forecast period.
Q7. In monosodium glutamate market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the monosodium glutamate market by sales channel (business to business and business to consumers), end use (food processing & services, livestock & pet food, retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Monosodium Glutamate Market, Monosodium Glutamate Market Size, Monosodium Glutamate Market Growth, Monosodium Glutamate Market Analysis, Monosodium Glutamate Market Report, Monosodium Glutamate Market Share, Monosodium Glutamate Market Trends, Monosodium Glutamate Market Forecast, Monosodium Glutamate Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.