The global Glutamic Acid market stood at approximately 2.8 million tonnes in 2023 and is anticipated to grow at a CAGR of 4.56% during the forecast period until 2034.
Glutamic acid, a vital amino acid, finds multifaceted utility across diverse industries. Foremost among its applications is its role as a flavour enhancer in the food industry. Both glutamic acid and its sodium salt, monosodium glutamate (MSG), contribute to the enhancement of savoury tastes, commonly referred to as umami, enriching the palatability of numerous food products. Beyond its culinary function, glutamic acid serves as a pivotal neurotransmitter within the central nervous system, facilitating excitatory signalling between nerve cells and thereby influencing essential brain functions such as learning and memory. Medicinally, it holds relevance in the treatment of conditions like hepatic encephalopathy, where supplements may aid in ameliorating symptoms. Moreover, glutamic acid plays a pivotal role in biotechnological processes, serving as a precursor for the production of various compounds including pharmaceuticals and food additives through fermentation techniques utilizing bacteria or yeast. In the realm of cosmetics and personal care, glutamic acid and its derivatives are valued for their moisturizing and skin conditioning properties, finding application in a myriad of skincare formulations. Industrially, glutamic acid derivatives are useful in the production of pharmaceuticals, underscoring its significance.
The global Glutamic Acid industry is witnessing robust growth propelled by its versatility and numerous applications across a spectrum of industries. The escalating demand from the burgeoning requirements of the food and beverage industry for enhancers, additives, and animal feed. Moreover, heightened consumer awareness regarding the health benefits of wholesome consumables has spurred increased uptake across pharmaceutical, beverage, and food sectors. This surge is further propelled by factors such as population growth, augmented meat and dairy consumption, rising disposable incomes, and a quest for superior quality and healthier food options. As processed food and animal feed industries emerge as prominent players in this trajectory, glutamic acid is poised to witness substantial market expansion. Its role as a flavour enhancer in ready-to-eat and processed foods, coupled with its utility in food additives, is anticipated to fuel growth throughout the forecast period. Additionally, the shift towards natural food additives in response to health-conscious consumer preferences is reshaping industry dynamics, prompting manufacturers to innovate and cater to evolving dietary habits. The global Glutamic Acid market is likely to reach approximately 4.5 million tonnes in 2034.
The Asia Pacific region's market dominance, surpassing roughly 52% market share in 2023, stems from several factors. Its expansive consumer base, spanning developed and emerging economies with burgeoning populations, fuels demand across industries like food, pharmaceuticals, and cosmetics, where glutamic acid is pivotal. Furthermore, countries such as China, India, Japan, and South Korea boast robust economies and infrastructures conducive to glutamic acid production and consumption. Evolving dietary preferences towards processed and healthier foods amplify this demand. Concurrently, ongoing industrialization, urbanization, and rising incomes drive consumption, while government support, research investments, and technological advancements bolster production efficiency and quality. Consequently, the Asia Pacific region is poised for continued growth, leveraging its economic prowess, demographic dynamics, and evolving consumer trends.
Based on the end-use, the global Glutamic Acid market is divided into Food & Beverages, Pharmaceuticals, Animal Feed, and Others. Among these, Food & Beverages is the dominating segment and held about 70% of the global Glutamic Acid market in 2023 and is anticipated to prevail the similar trend in the upcoming years.
Major players in the Global Glutamic Acid market are Ajinomoto Co., Inc., Akzo Nobel N.V., Evonik Industries AG, Sichuan Tongsheng Amino acid Co., Ltd., KYOWA HAKKO BIO CO., LTD., Hefei TNJ Chemical Industry Co., Ltd., Suzhou Yuanfang Chemical Co., Ltd., Global Bio-chem Technology Group Company Limited, Ningxia Yipin Biological Technology Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Glutamic Acid which covers production, demand and supply of Glutamic Acid market in the globe.
• To analyse and forecast the market size of Glutamic Acid
• To classify and forecast Global Glutamic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Glutamic Acid market in the globe.
To extract data for Global Glutamic Acid market, primary research surveys were conducted with Glutamic Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Glutamic Acid market over the coming years.
ChemAnalyst calculated Glutamic Acid demand across the globe by analyzing the volume of Glutamic Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Glutamic Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Glutamic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Glutamic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Glutamic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
2.8 million tonnes
Market size Volume in 2034
4.5 million tonnes
Growth Rate
CAGR of 4.56% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals, Animal Feed, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Glutamic Acid in terms of volume in 2023?
Ans:
The global market size of Glutamic Acid has reached approximately 2.8 million tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Glutamic Acid?
Ans:
Food & Beverages industry is the leading end-user industry of Glutamic Acid globally.
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