Monosodium Glutamate Market Outlook
According to a new report by Expert Market Research titled, “Global Monosodium Glutamate Market Size, Share, Analysis, Report and Forecast 2023-2028, the monosodium glutamate market size is projected to grow at a CAGR of 4% between 2023 and 2028. Aided by the rising demand for flavour enhancers in food and beverage industries and expanding applications of MSG in diverse sectors, the market is expected to grow significantly by 2028.
Monosodium glutamate (MSG) is a flavour enhancer that is frequently employed in a variety of food products, including processed foods, snacks, ready meals, and restaurant foods. MSG owes its widespread adoption to its unique umami taste, its ability to enhance other tastes, and its contribution to the overall flavour profile of food items. Apart from its gustatory functions, MSG is also used as a stabiliser and preservative in various industrial applications, making it an essential ingredient in the food and beverage industry.
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The monosodium glutamate market growth is primarily driven by an increasing consumer preference for flavourful food products. As culinary cultures worldwide continue to intermingle and diversify, the demand for MSG, a key ingredient behind many famous dishes globally, has witnessed significant growth. The rise in processed food consumption and the growth of the quick-service restaurant industry also contribute to this trend, creating a robust demand for MSG-based products.
Moreover, the growing trend of convenience foods, ready-to-eat meals, and instant noodles, particularly in urban areas and among the younger population, is propelling the monosodium glutamate market forward. These food products often utilise MSG to enhance taste and increase shelf life, thus driving its market growth.
The versatile applications of MSG in various sectors further accelerate the monosodium glutamate market expansion. In the pharmaceutical industry, MSG is used as a stabiliser in medicinal formulations. It also finds use in agricultural applications, where it serves as a growth promoter for certain crops.
Finally, the increasing demand for MSG in emerging economies, spurred by a growing middle class, urbanisation, and changing dietary habits, presents ample opportunities for monosodium glutamate market development. As consumers in these markets become more exposed to global food trends, the demand for flavour enhancers like MSG is set to rise.
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Monosodium Glutamate Market Segmentation
The market can be divided based on application, end use, and region.
Market Breakup by Application
- Noodles, Soup, and Broth
- Meat Products
- Seasonings and Dressings
- Others
Market Breakup by End Use
- Food Processing Industries
- Food Service Sectors
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global monosodium glutamate companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Ajinomoto Co., Inc.
- Fufeng Group
- MeiHua Holdings Group Co
- Shandong Qilu Biotechnology Group
- Vedan Int’l
- Others
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