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Monosodium Glutamate (MSG) Market Size, Share, Analysis 2031
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Monosodium Glutamate (MSG) Market Size, Share, Analysis 2031

Segments - Monosodium Glutamate (MSG) Market 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 2023 – 2031

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Author : Anuradha B. More
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Upcoming | Report ID :FB-800 | 4.8 Rating | 84 Reviews | 146 Pages | Format : PDF Excel PPT

Report Description


The global monosodium glutamate (MSG) market size was valued at around USD 4.95 billion in 2022 and is projected to reach USD 8.15 billion by 2031, expanding at a CAGR of around 5.7% during the forecast period, 2023 – 2031. 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.

Monosodium Glutamate (MSG) Market Outlook

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.

  • 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.

Attributes

Details

Report Title

Monosodium Glutamate (MSG) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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

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.

Monosodium Glutamate (MSG) Market Applications

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.

Monosodium Glutamate (MSG) Market Regions

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.

Monosodium Glutamate (MSG) Market Key Players

Table Of Content

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.

Methodology

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