Monosodium Glutamate (MSG) Market
Segments - by Applications (Noodles, Soups and Broth, Meat Products, Seasonings and Dressings, and Others) and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global monosodium glutamate (MSG) market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rapid growth of the food industry coupled with expanding animal feed industry.
MSG occurs naturally in various foods, such as tomatoes and cheeses. Earlier, MSG was extracted and crystallized from seaweed broth, and now it is produced by the fermentation of starch and molasses. This fermentation process is similar to the process of making yogurt, vinegar, and wine.
MSG produced by the Ajinomoto Group is produced through fermentation of plant-based ingredients such as sugar cane, sugar beets, cassava, and corn. It is the sodium salt of glutamic acid, one of the most common naturally occurring amino acids. The sodium glutamate amplifies and enhances the flavor of food. The glutamate interacts with taste buds, bestowing umami or savory flavor to the food. MSG can help to manage blood pressure.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for food is one of the major drivers that is contributing to the growth of the global monosodium glutamate (MSG) market.
- Key players are focusing on providing natural alternatives, which is expected to augment the market growth.
- Controversial focal points related to health issues related to the usage of MSG can restraint the market growth.
- Regions preventing the use of MSG as a flavor enhancer can hinder the market growth.
- The outbreak of COVID-19 has negatively impacted the MSG market owing to supply chain disruptions. However, the market is anticipated to recover soon.
- Key players are adopting expansion and investment strategies to strengthen and increase their consumer base, stimulating the growth of the market.
Scope of the Monosodium Glutamate (MSG) Market Report
The report on the global monosodium glutamate (MSG) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
|
Report Title |
Monosodium Glutamate (MSG) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Applications (Noodles, Soups and Broth, Meat Products, Seasonings and Dressings, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Fufeng Group, AJINOMOTO Co.Inc., Vedan International (Holdings) Limited, Ningxia Eppen Biotech Co., KYOWA HAKKO BIO CO.LTD., Shandong Linghua MSG Co. Ltd, Shandong Qilu Biotechnology Group, Shandong Shenghua Group, and Jianyang Wuyi MSG Co. Ltd. |
Monosodium Glutamate (MSG) Market Segment Insights
Noodles, Soup, and Broth segment to account a major market share
Based on applications, the market is divided into noodles, soups and broth, meat products, seasonings and dressings, and others. The noodles, soup, and broth segment is anticipated to account for a major market share during the forecast period. Increasing demand for packaged instant foods, particularly instant noodles, require massive quantities of MSG as an ingredient. Thus, growing consumption of instant noodles is driving the growth of the market segment. On the other hand, the meat products segment is anticipated to grow at a steady rate owing to increasing demand for packaged meat products owing to sedentary lifestyle.
Asia Pacific to account a large market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to account for a large market share during the forecast period. Increasing demand for fast food in the countries such as Indian, Taiwan, and South Korea has made Asia Pacific a prominent consumer of the global monosodium glutamate (MSG) market, followed by North America. However, the market in Latin America and the Middle East & Africa are expected to register substantial growth during the forecast period.
Segments
The global Monosodium Glutamate Msg has been segmented on the basis of
Applications
- Noodles
- Soups and Broth
- Meat Products
- Seasonings and Dressings
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Fufeng Group
- AJINOMOTO Co.Inc.
- Vedan International (Holdings) Limited
- Ningxia Eppen Biotech Co.
- KYOWA HAKKO BIO CO.LTD.
- Shandong Linghua MSG CO.LTD
- Shandong Qilu Biotechnology Group
- Shandong Shenghua Group
- Jianyang Wuyi MSG Co. Ltd.
Competitive Landscape
The major players of the market are Fufeng Group, AJINOMOTO Co.Inc., Vedan International (Holdings) Limited, Ningxia Eppen Biotech Co., KYOWA HAKKO BIO CO.LTD., Shandong Linghua MSG Co., Ltd, Shandong Qilu Biotechnology Group, Shandong Shenghua Group, and Jianyang Wuyi MSG Co. Ltd.
Companies are focusing on partnership, acquisitions, and expansions to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Monosodium Glutamate (MSG) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Monosodium Glutamate (MSG) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Monosodium Glutamate (MSG) Market - Supply Chain
4.5. Global Monosodium Glutamate (MSG) Market Forecast
4.5.1. Monosodium Glutamate (MSG) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Monosodium Glutamate (MSG) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Monosodium Glutamate (MSG) Market Absolute $ Opportunity
5. Global Monosodium Glutamate (MSG) Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
5.3.1. Noodles
5.3.2. Soups and Broth
5.3.3. Meat Products
5.3.4. Seasonings and Dressings
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Monosodium Glutamate (MSG) Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Monosodium Glutamate (MSG) Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
7. North America Monosodium Glutamate (MSG) Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
7.4.1. Noodles
7.4.2. Soups and Broth
7.4.3. Meat Products
7.4.4. Seasonings and Dressings
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
8. Latin America Monosodium Glutamate (MSG) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
8.4.1. Noodles
8.4.2. Soups and Broth
8.4.3. Meat Products
8.4.4. Seasonings and Dressings
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
9. Europe Monosodium Glutamate (MSG) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
9.4.1. Noodles
9.4.2. Soups and Broth
9.4.3. Meat Products
9.4.4. Seasonings and Dressings
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
10. Asia Pacific Monosodium Glutamate (MSG) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
10.4.1. Noodles
10.4.2. Soups and Broth
10.4.3. Meat Products
10.4.4. Seasonings and Dressings
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
11. Middle East & Africa Monosodium Glutamate (MSG) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
11.4.1. Noodles
11.4.2. Soups and Broth
11.4.3. Meat Products
11.4.4. Seasonings and Dressings
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Monosodium Glutamate (MSG) Market: Market Share Analysis
12.2. Monosodium Glutamate (MSG) Distributors and Customers
12.3. Monosodium Glutamate (MSG) Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Fufeng Group
12.4.2. AJINOMOTO Co.Inc.
12.4.3. Vedan International (Holdings) Limited
12.4.4. Ningxia Eppen Biotech Co.
12.4.5. KYOWA HAKKO BIO CO.LTD.
12.4.6. Shandong Linghua MSG CO.LTD
12.4.7. Shandong Qilu Biotechnology Group
12.4.8. Shandong Shenghua Group
12.4.9. Jianyang Wuyi MSG Co. Ltd.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Monosodium Glutamate (MSG) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Monosodium Glutamate (MSG) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Monosodium Glutamate (MSG) Market - Supply Chain
4.5. Global Monosodium Glutamate (MSG) Market Forecast
4.5.1. Monosodium Glutamate (MSG) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Monosodium Glutamate (MSG) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Monosodium Glutamate (MSG) Market Absolute $ Opportunity
5. Global Monosodium Glutamate (MSG) Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
5.3.1. Noodles
5.3.2. Soups and Broth
5.3.3. Meat Products
5.3.4. Seasonings and Dressings
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Monosodium Glutamate (MSG) Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Monosodium Glutamate (MSG) Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
7. North America Monosodium Glutamate (MSG) Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
7.4.1. Noodles
7.4.2. Soups and Broth
7.4.3. Meat Products
7.4.4. Seasonings and Dressings
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
8. Latin America Monosodium Glutamate (MSG) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
8.4.1. Noodles
8.4.2. Soups and Broth
8.4.3. Meat Products
8.4.4. Seasonings and Dressings
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
9. Europe Monosodium Glutamate (MSG) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
9.4.1. Noodles
9.4.2. Soups and Broth
9.4.3. Meat Products
9.4.4. Seasonings and Dressings
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
10. Asia Pacific Monosodium Glutamate (MSG) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
10.4.1. Noodles
10.4.2. Soups and Broth
10.4.3. Meat Products
10.4.4. Seasonings and Dressings
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
11. Middle East & Africa Monosodium Glutamate (MSG) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Monosodium Glutamate (MSG) Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Monosodium Glutamate (MSG) Market Size and Volume Forecast by Applications
11.4.1. Noodles
11.4.2. Soups and Broth
11.4.3. Meat Products
11.4.4. Seasonings and Dressings
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Monosodium Glutamate (MSG) Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Monosodium Glutamate (MSG) Market: Market Share Analysis
12.2. Monosodium Glutamate (MSG) Distributors and Customers
12.3. Monosodium Glutamate (MSG) Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Fufeng Group
12.4.2. AJINOMOTO Co.Inc.
12.4.3. Vedan International (Holdings) Limited
12.4.4. Ningxia Eppen Biotech Co.
12.4.5. KYOWA HAKKO BIO CO.LTD.
12.4.6. Shandong Linghua MSG CO.LTD
12.4.7. Shandong Qilu Biotechnology Group
12.4.8. Shandong Shenghua Group
12.4.9. Jianyang Wuyi MSG Co. Ltd.
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