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Glutamic Acid Market

Published Date : Jun 2024 | Forecast Year : 2019

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Glutamic Acid Market Size, Analysis, By Product By Application (Animal Feed, Pharmaceuticals, Food & Beverage, And Others), By Function (Plant Growth, NMR Spectroscopy, Nutrient, Flavor Enhancer, Detoxifying Agent, Neurotransmitter, Metabolism, And Others), By Source Type (Plant and Animal-Based) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG946

Published : Jun 2024

Pages : 126

Category : Chemical & Material

Format : Glutamic Acid Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 22.5 Billion
MARKET SIZE (2024)USD 12.67 Billion
CAGR (2023-2029)5.6 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEPlant And Animal-Based
BY APPLICATIONAnimal Feed
Pharmaceuticals
Food & Beverage
And Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSKYOWA HAKKO BIO CO., Ningxia Yipin Biological Technology Co. Ltd., Global Bio-chem Technology Group Company Limited, Suzhou Yuanfang Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Ottokemi LTD., Sichuan Tongsheng Amino acid Co. Ltd., Evonik Industries AG, Akzo Nobel N.V., Ajinomoto Co. Inc. .

The Global Glutamic Acid Market size was estimated to be valued at USD 12.67 Billion in 2023 and is expected to reach at USD 22.5 Billion by 2032, exhibiting at a CAGR of 5.6 % during the forecast period. This report provides a deep insight into the Glutamic Acid Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Glutamic Acid Market Segments

By Application: Animal Feed, Pharmaceuticals, Food & Beverage, And Others 

By Function: Plant Growth, NMR Spectroscopy, Nutrient, Flavor Enhancer, Detoxifying Agent, Neurotransmitter, Metabolism, And Others 

By Source Type: Plant And Animal-Based

Glutamic Acid Market

Size, by Product, - (USD Billion)

Animal Feed

Pharmaceuticals

Food & Beverage

Others

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

5.6 %

The Forecast Market

Size for in USD:

$22.5 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Key Profiles:

KYOWA HAKKO BIO CO., Ningxia Yipin Biological Technology Co. Ltd., Global Bio-chem Technology Group Company Limited, Suzhou Yuanfang Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Ottokemi LTD., Sichuan Tongsheng Amino acid Co. Ltd., Evonik Industries AG, Akzo Nobel N.V., Ajinomoto Co. Inc. 

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Market Insights:

  • Glutamic acid market has grown significantly due to its widespread use in various fields. Glutamic acid, an amino acid that occurs naturally in many foods and is also produced commercially through fermentation, is a key ingredient in the food, pharmaceutical and industrial sectors. 
  • In the food industry, it is mainly used as a flavor enhancer, especially monosodium glutamate (MSG), which enhances the umami taste of Savory foods.
  • The pharmaceutical industry uses glutamic acid in the production of drugs, vitamins, and as a component of parenteral and enteral nutritional preparations, because it participates in protein synthesis and metabolism. 
  • In the industrial sector, glutamic acid is used in the production of biodegradable polymers, detergents and cosmetics. Market growth is further fueled by increased consumer demand for processed and ready-to-eat foods and advances in fermentation technology that have improved production efficiency and lowered costs. 
  • As the global demand for natural food ingredients and sustainable production methods increases, manufacturers are looking for new opportunities for glutamic acid derivatives to meet these emerging market trends.

    Glutamic Acid Market

    Share, by end user, (USD Billion)

    Analytica Global 12.67 Billion %

    Plant

    Animal-Based

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    22.5 Billion

    Total Market Size

    USD (Billion),

    5.6 %

    CAGR

    -

     

Market Key Drivers:

  • Glutamic acid is widely used as a flavor enhancer, especially in the form of monosodium glutamate (MSG), which enhances the salty taste (umami) in various foods. The increasing consumption of processed and convenience foods worldwide has increased the demand for glutamic acid.
  • Glutamic acid is indispensable in the pharmaceutical industry due to its role in protein synthesis and metabolism. It is used in the manufacture of medicines, vitamins and as a component of parenteral and enteral nutritional preparations, which increases the continuous demand.
  • In the industrial sector, glutamic acid is used to produce biodegradable polymers, detergents and cosmetics. The versatility of glutamic acid in various industrial applications is driving the growth of this market.
  • Technological advances in fermentation processes have improved the efficiency and cost-effectiveness of glutamic acid production. This reduced production costs and expanded market opportunities.
  • Growing consumer awareness of health and wellness has led to demand for natural food ingredients. Produced naturally or through fermentation, glutamic acid is considered a safe and effective ingredient, further fueling the growth of this market.

Glutamic Acid Market Recent development:

  • 2021-2022, Market Growth: The Glutamic Acid market has grown steadily over these years due to increasing demand in developed and developing markets. Growing consumer awareness about the benefits of glutamic acid and its natural origin supported the market expansion.
  • Global Market Dynamics: Developed regions continued to dominate consumption due to well-established food industries and high demand for processed foods. Emerging markets, particularly in the Asia-Pacific region, have seen growth due to rapid urbanization, changing dietary patterns and rising disposable incomes.
  • Sustainability Initiatives: The companies focused on sustainability initiatives, including reducing the carbon footprint and improving waste management in the production of glutamic acid. Sustainable practices became an important differentiator in the market.
  • Investment in Rand D: Continued investment in R&D has enabled companies to innovate and develop new applications for glutamic acid derivatives. This included exploring its potential in cosmetics, pharmaceuticals and specialized industrial applications.
  • 2023-Onwards: Going forward, the glutamic acid market is poised for continued growth due to technological advancements, expanding applications in various industries, and increasing consumer demand for natural and sustainable ingredients. Regulatory compliance, market consolidation and changing consumer preferences continue to shape the market landscape. Investments in innovation and sustainability practices are crucial for companies that want to take advantage of global market opportunities.

    Glutamic Acid Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    5.6 %

    The Forecast Market

    Size for in USD:

    $22.5 Billion B

    b0d51e3055fd6f23ff6a384a6e091406.svg

COVID-19 Impact on Market:

  • In the early stages of the pandemic, there were disruptions in global supply chains that affected the availability and logistics of raw materials for the production of glutamic acid. This caused temporary shortages and logistical challenges for producers.
  • Demand for glutamic acid has varied across sectors during the pandemic. Although there was an initial increase in demand for prepared foods and prepared foods using glutamic acid as a flavor enhancer, fluctuations in demand were observed as consumer behaviour changed and supply chain disruptions continued.
  • Changes in consumer behaviour, including a shift to health-conscious eating habits and increased home cooking, have affected the demand for glutamic acid in foods. In some segments, demand has increased for dietary supplement products, including products containing glutamic acid for medical applications.
  • Industrial applications of glutamic acid, such as biodegradable polymers and detergents, have also experienced variable demand due to disruptions in production and changes in consumption patterns.
  • Regulatory challenges and operational restrictions imposed to contain the spread of the virus have impacted manufacturing facilities and compliance. Companies had to adapt to new occupational health and safety protocols that affected production efficiency and schedules. 

End User Industries Maximizing Use of Glutamic Acid in North America:

  • In North America, glutamic acid is widely used by several major end-user industries utilizing its properties and applications. Some of the main industries that maximize 
  • Glutamic acid, especially in the form of monosodium glutamate (MSG), is widely used as a flavoring. improver in processed foods, snacks, sauces, soups and convenience foods. It enhances savory taste (umami) and enhances the overall flavor profile, responding to consumer preferences for rich and satisfying flavors.
  • Glutamic acid is used in the pharmaceutical industry for its role in protein synthesis and metabolism. It is included in nutritional supplements and parenteral and enteral nutritional preparations that provide essential amino acids for human health and well-being.
  • Glutamic acid is used in cosmetic formulations for its moisturizing and conditioning properties. It helps retain skin moisture and improves hair texture, making it a valuable ingredient in a variety of skin care, hair care and personal care products.
  • Glutamic acid derivatives are used in the production of biodegradable polymers that can be used in environmentally friendly packaging, agricultural films and other industrial applications.
  • glutamic acid and its salts are used as feed additives in animal feed. They improve palatability, improve feed conversion efficiency and support overall animal health and growth, especially in poultry and pig feeds.

    Glutamic Acid Market TO (USD BN)

    Glutamic Acid Market

    CAGR OF

    5.6 %

    Glutamic Acid Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 22.5 Billion %

Restraints Factors:

  • Regulatory frameworks and standards regarding the use of glutamic acid, especially in food and pharmaceuticals, may hinder market expansion. Compliance with regulations on food additives and pharmaceutical ingredients is important, but can be strict.
  • Alternatives to glutamic acid, such as other flavor enhancers or substitutes, may affect market demand. Consumer preferences and regulatory changes toward healthier food choices may also affect market dynamics.
  • Factors that affect the availability and price of raw materials, such as fluctuations in the price of agricultural products used for fermentation or synthesis, can affect the cost structure of glutamic acid production.
  • Environmental impacts of glutamic acid production processes, such as wastewater treatment and energy consumption, are considerations for sustainable practices and regulatory compliance.
  • Consumer perceptions and health concerns about additives such as MSG can affect market demand. While negative perceptions or misconceptions are generally considered harmless, they can affect consumer acceptance and market growth. 

Frequently Asked Questions (FAQs)

1.How big is the Glutamic Acid Market?

Ans: The Glutamic Acid Market size valued at USD 22.5 Billion in and grow at a CAGR of 5.6 % 

2.What is the current Glutamic Acid Market size?

ANS: The Glutamic Acid Market size is expected to be USD 12.67 Billion.

3.Who are the key players in Glutamic Acid Market?

Ans: KYOWA HAKKO BIO CO., Ningxia Yipin Biological Technology Co. Ltd., Global Bio-chem Technology Group Company Limited, Suzhou Yuanfang Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Ottokemi LTD., Sichuan Tongsheng Amino acid Co. Ltd., Evonik Industries AG, Akzo Nobel N.V., Ajinomoto Co. Inc. 

4.Which is the fastest growing region in Glutamic Acid Market?

Ans: Asia Pacific is estimated to grow at the highest CAGR over the forecast.

Glutamic Acid Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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