Monosodium Glutamate Market, 2017: Industry Will Reach 5,850.0 million by 2021

Monosodium Glutamate Market, 2017: Industry Will Reach 5,850.0 million by 2021

According to the report, the global monosodium glutamate market was valued at USD 4,500.0 million in 2014 and is expected to generate revenue of USD 5,850.0 million by end of 2020, growing at a CAGR of 4.5% between 2015 and 2020. In terms of volume, the global monosodium glutamate market was stood at around 3,000.0 kilotons in 2014. Zion Market Research has published a new report titled “Monosodium Glutamate Market for Food Processing Industry, Restaurants and Institutional Food Service Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2014 – 2020.”

Monosodium glutamate generally referred as MSG and is also called as sodium glutamate. MSG is a sodium salt of glutamic acid. MSG is one of the most abundant naturally occurring non-essential amino acids. MSG is most commonly found in tomatoes, parmesan cheese, potatoes, mushrooms, and other vegetables and fruits. Hydrolysis of vegetable proteins, direct chemical synthesis with acrylonitrile, and bacterial fermentation are the most commonly used methods for commercial production of MSG. Currently; bacterial fermentation process is most widely used method for production of MSG. MSG is typically used in the food industry as a flavor enhancer and food additive in many food products such as soups, milk products, baked goods, meat, cheeses, and sauces. A small quantity of MSG is also used in animal feeds.

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The global monosodium glutamate market is mainly driven by strong growth of food processing industry across the world. MSG is rapidly growing in popularity among end-users owing to its flavor-enhancing properties. Rising demand for flavoring agents is expected to be the important driving factor for the growth of monosodium glutamate market. The demand for MSG from restaurants and institutional food service providers, as well as household consumption, is also expected to grow at moderate pace in the years to come. However, increasing health awareness is expected to limit the growth of this market.

Based on applications, monosodium glutamate has been segmented into Food processing industry (snacks, canned food, frozen food, others), restaurants and institutional food service. Food processing industry is the largest segments of monosodium glutamate market.

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The demand for Chinese food products and fast food is expected to grow in Asia Pacific region. Food processing industry includes snacks, canned food, frozen food, sauces, gravies, ketchup, canned meat, soy sauce, sauces and, gravies among others. Restaurants and institutional food service providers is also an important application segment of MSG and expected to witness significant growth in the years to come. Anchor

MSG market was dominated by Asia Pacific with over 80% shares in total volume consumption in 2014. Strong demand for MSG stems from China, Vietnam, Indonesia, Thailand, Japan, Taiwan, etc. Change in lifestyle, increasing disposable income and change in food habit is primarily responsible for the growth of MSG market in the region. Asia Pacific was followed by North America and Europe respectively. Latina America & Middle East Africa accounted for the small share of the total revenue generated by MSG market in 2014. North America, Europe, Latin America and Middle East Africa accounted for the very small share in total volume consumption of MSG in 2014.

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Some of the major industry participants in global monosodium glutamate market include TheFufeng Group, Meihua Group, Ajinomoto, Lotus Group, Ningxia Eppen, Shandong Qilu Biotechnology Group, Shandong Linghua Group, Vedan, Shandong Shenghua Group, and Jianyang Wuyi MSG Co., Ltd.