Glutamic Acid and Monosodium Glutamate Market

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Glutamic Acid and Monosodium Glutamate (MSG)
Market Global Industry Analysis Report, Share,
Size, Growth, Price Trends and Forecast, 2016
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Glutamic Acid Market

• Asia Pacific witnessed the highest consumption of
  both the products and accounted for approximately
  64 and 88 for glutamic acid and MSG
  respectively of the total volume in 2014.
• North America glutamic acid market is likely to
  witness moderate growth rates over the forecast
  period for this particular market.
• Asia Pacific is estimated to be the fastest
  growing glutamic acid and MSG market.
• China and India owing to growing urban class
  population is likely to drive demand. China was
  the largest consumer of both these products.
  China alone accounted for more than 52 of total
  MSG consumption in 2013.

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Application Analysis of Glutamic Acid Market

• Food dietary supplements was the dominant
  application for glutamic acid market and
  accounted for more than 85 of the total volume
  in 2014.
• Pharmaceutical application is likely to witness
  highest gains over the forecast period.
• Processed food is seen as an easy availability to
  consumers with the increase in middle class
  disposable income levels. This factor is likely
  to favor processed food industry growth over the
  next few years.
• Growing awareness towards consuming food
  containing natural additives coupled with
  increasing health consciousness is likely to
  favor glutamic acid market growth.
• Glutamic acid comprises for a smaller share in
  medical/pharmaceutical applications, which is
  anticipated to increase over the forecast period.

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Competitive Market Share of Glutamic Acid Market

• The global glutamic acid and MSG market share is
  fragmented with certain companies fully present
  across the value chain.
• These companies compete on the basis of price and
  services provided.
• Key companies operating in this market include
  Ajinomoto Co., Inc., Sunrise Nutrachem Group,
  Kyowa Hakko Bio Co., Ltd and Royal DSM. Other
  prominengt companies include Shaanxi Sciphar
  Hi-tech Industry Co., Ltd, Prinova U.S. LLC,
  Global Bio-chem Technology Group Company Limited,
  AnaSpec Inc., Tocris Bioscience Ltd, Tokyo
  Chemical Industry Co., Ltd., Tokyo Chemical
  Industry Co., Ltd and Iris Biotech GmbH.

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