by Monosodium glutamate (MSG) is an amino acid salt that is commonly used as a flavor enhancer in foods. It is naturally occurring and chemically MSG belongs to a family of compounds known as glutamates. Some of the major uses of MSG include meat, poultry, seafood and other savory foods. It enhances the natural flavors in foods without imparting any identifiable flavor of its own. The demand for MSG is high in the food processing industry as it provides a rich, savory taste to meat, vegetables, snacks and other processed foods. MSG also helps reduce salt and sodium content in processed foods. The growing demand for instant and processed food products around the world due to changing lifestyles is a key driver for the monosodium glutamate market.
The global monosodium glutamate market is estimated to be valued at US$ 5.91 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand for instant and processed food products is primarily driving the monosodium glutamate market. As people lead busier lifestyles, the demand for ready-to-cook and ready-to-eat foods has increased significantly. MSG enhances the taste of these foods and makes them more appetizing. This helps drive up their sales. Moreover, the demand from fast food chains and restaurants for flavor enhancers like MSG is also rising.
Another driver for the market is the ability of MSG to reduce the use of salt and sodium in foods. With rising health awareness, processed food manufacturers are reducing the sodium content in their products. MSG helps maintain the taste even when salt levels are low. This is finding favor among health-conscious consumers and helping boost the demand for monosodium glutamate.
Segment Analysis
The monosodium glutamate market is segmented on the basis of product, application and distribution channel. On the basis of product, the market is segmented into monosodium glutamate and reduced sodium monosodium glutamate. The monosodium glutamate segment dominates the global market and is expected to continue this dominance during the forecast period. This is primarily attributed to its widespread usage and benefits such as enhancing flavor without adding its own flavor, cost effectiveness and ease of availability.
PEST Analysis
Political: The government regulations regarding food safety and quality are expected to positively influence the growth of monosodium glutamate market. Some countries have placed restrictions on its usage, limiting market growth.
Economic: Rising disposable incomes and growing demand for convenience and processed food are fueling the growth of food industry, driving demand for monosodium glutamate. High economic growth rates in developing nations will create new market opportunities.
Social: Consumer demand for tasty and flavorful food without much salt content is encouraging manufacturers to innovate reduced sodium variants of monosodium glutamate. However, some health concerns continue to limit its social acceptance in some regions.
Technological: Advancements in food processing and food additive manufacturing technologies are helping manufacturers cater to evolving customer needs and preferences more effectively. New production techniques aid in reducing sodium content.
Key Takeaways
The Global Monosodium Glutamate Market Demand is expected to witness high growth.
Regional analysis shows Asia Pacific dominates the market currently due to large population and rapid urbanization leading to increased demand for processed food in countries like China and India. North America and Europe are other major markets globally.
Key players operating in the monosodium glutamate market are Thermo Fisher Scientific, Merck KGaA, Takara Bio, Agilent Technologies, Oxford Expression Technologies, Promega Corporation, Qiagen N.V., Bio-Rad Laboratories, New England Biolabs, Genscript Biotech Corporation, Syngene International Limited, Sartorius AG, Aragen Bioscience, Vivopure, Creative Biogene, Absolute Antibody, Rockland Immunochemicals, Protein Technologies Inc., Proteogenix, Virovek.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
