Global Monosodium Glutamate Market is Expected to Grow At ~4.9% CAGR During 2016-2022
Global Monosodium Glutamate Market Information-by Application (Additives, Flavor Enhancers, Acidity regulators, Preservatives, and Others), by End User (Food Processing Industry, Cosmetic Industry, Pharmaceutical industry, Animal Feed, and Others) and by Region – Forecast till 2022
Pune, India – May 8, 2017 /MarketersMedia/ —
Global Monosodium Glutamate Market Information-by Application (Additives, Flavor Enhancers, Acidity regulators, Preservatives, and Others), by End User (Food Processing Industry, Cosmetic Industry, Pharmaceutical industry, Animal Feed, and Others) and by Region – Forecast till 2022
The global monosodium glutamate market has been segmented into application and end use industries. On the basis of application, the market has been divided into additives, flavor enhancers, acidity regulators, preservatives, and others. Among these applications, additives and flavor enhancer have cover the largest market followed by acidity regulators, preservatives, and others. In 2015, additives as in application accounted the market share of 28% whereas flavor enhancer acquired 24%. Geographically, Asia-Pacific is estimated to be the largest market in terms of value and volume. The dominance of China in APAC as well as global market is fueling the global demand. Moreover, Europe and North American market would be a small market for MSG which consumes combines 15% of the total market.
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From the end use industries, the global monosodium glutamate market has been divided into food processing industry, cosmetic industry, pharmaceutical industry, animal feed, and others. Among the end use industries, food processing and cosmetic have acquired the largest market share in 2015 owing to its increasing demand from the growing economies, especially from China. The growing demand from end use industries have augmented the market for monosodium glutamate which will further have a positive impact during the forecast period.
The Global Monosodium Glutamate is expected to witness a significant growth of USD ~6,200 million by 2022 with CAGR of ~4.9% between 2016 and 2022
Monosodium glutamate, which is an amino acid with the linear formula C5H8NNaO4 • H2O is an important industrial chemical to enhance flavor of foods monosodium glutamate commonly used in fast foods. Although MSG is tasteless by itself, it is a flavor enhancer that can be used to improve the taste of meat, fish, fowl, vegetables, and soup. It is said to provide a unique flavor that is neither bitter, sour, sweet, nor salty. It is highly used by the food & beverage industry in frozen, canned, and dried foods. It has also been used, with sugar, to change the flavor of bitter drugs.
Monosodium glutamate has found in various applications such as additives, flavor enhancers, acidity regulators, preservatives, and others. Increasing in demand of food industries is likely to drive the monosodium glutamate market growth. The growing food industries and animal feed industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and Middle East has boosted the global monosodium glutamate market over the forecasted period.
In addition monosodium glutamate has undoubtedly been the controversial focal point of a decades it causes health care issues such as seizures, migraines, chest pains, and brain lesions this can be hamper global monosodium glutamate market. The key players of monosodium glutamate are planning to provide natural alternatives foods.
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Asia Pacific is the largest market of monosodium glutamate due to demand in various applications such as additives, flavor enhancers in China region followed by Japan. Increasing demand for fast food in the Indian, Taiwan, and South Korea has made Asia Pacific largest consumer of the global monosodium glutamate market followed by increasing in the consumption of monosodium glutamate market in North America region. The third largest market of monosodium glutamate is Europe. Latin America and Middle East also witnessed in growth of monosodium glutamate market due to various application such as additives, flavor enhancers, acidity regulators, preservatives, and others.
The global monosodium glutamate market is majorly segmented on the basis of application, end users and region. Based on application of monosodium glutamate the market is segmented into additives, flavor enhancers, acidity regulators, preservatives, and others. Based on end user the market segmented into food processing industry, cosmetic industry, pharmaceutical industry, animal feed, and others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Key players of the global monosodium glutamate market are
• Fufeng Group (China)
• AJINOMOTO Co.Inc.(Japan)
• Vedan International (Holdings) Limited. (Hong Kong)
• Ningxia Eppen Biotech Co.(China)
• KYOWA HAKKO BIO CO.LTD. (Japan)
• Shandong Linghua MSG Co., Ltd (China)
• Shandong Qilu Biotechnology Group (China)
• Shandong Shenghua Group (China)
• Jianyang Wuyi MSG Co. Ltd. (China)
The report about Global Monosodium Glutamate Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Monosodum Glutamate Market
5 Industry Overview of Global Monosodum Glutamate Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact analysis
5.4 Market Challenges
5.5 Impact analysis
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact analysis
7. Global Monosodum Glutamate Market by Region
8. Global Monosodum Glutamate Market by Application (Additives, Flavor Enhancers, Acidity Regulators, Preservatives, and Others)
9. Global Monosodum Glutamate Market by End User (Food Processing Industry, Cosmetic Industry, Pharmaceutical Industry, Animal Feed, and Others)
10. Company Profiles
10.1 Fufeng Group
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 AJINOMOTO CO.,INC
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Vedan International (Holdings) Limited.
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 Ningxia Eppen Biotech Co.(
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
10.5 KYOWA HAKKO BIO CO.,LTD.
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments
10.6 MEIHUA HOLDINGS GROUP CO
10.6.1 Company Overview
10.6.2 Product/Business Segment Overview
10.6.3 Financial Updates
10.6.4 Key Developments
10.7 Shandong Linghua Group
10.8.1 Company Overview
10.7.2 Product/Business Segment Overview
10.7.3 Financial Updates
10.7.4 Key Developments
Contact Info:
Name: Akash Anand
Email: Akash.Anand@Marketresearchfuture.Com
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