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.
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
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Increasing demand for food is one of the major drivers that is contributing to the growth of the global monosodium glutamate (MSG) market.
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Key players are focusing on providing natural alternatives, which is expected to augment the market growth.
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Controversial focal points related to health issues related to the usage of MSG can restraint the market growth.
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Regions preventing the use of MSG as a flavor enhancer can hinder the market growth.
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The outbreak of COVID-19 has negatively impacted the MSG market owing to supply chain disruptions. However, the market is anticipated to recover soon.
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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
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Details
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Report Title
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Monosodium Glutamate (MSG) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Noodles, Soups and Broth, Meat Products, Seasonings and Dressings, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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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.
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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.