The monosodium glutamate market consists of food and beverage as one of its major end users. MSG is a popular additive that enhances the savory taste known as umami in food products. It is widely used as a flavor enhancer in various cuisines across different regions. Glutamate when dissolved in water, yields glutamic acid and sodium ions that act as flavor potentiators. The demand for packaged and processed foods due to changing lifestyles has spurred the consumption of food additives including MSG. Apart from its usage in food industries, monosodium glutamate also finds application in healthcare to boost metabolic activities.
The Global Monosodium Glutamate Market Demand is estimated to be valued at US$ 6.81 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2030.
Key Takeaways
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.The increasing consumption of packaged foods and beverages due to rising disposable income and changing consumption patterns presents lucrative opportunities for market players. Technological advancements in healthcare industries have increased the application of monosodium glutamate as a metabolic booster supplement.
Market drivers
The growing demand for food additives from food processing industries owing to the expansion of fast food chains and ready-to-eat food brands is a key market driver. Monosodium glutamate enhances the palatability of food products and reduces food wastage. Increasing health consciousness has augmented the demand for nutritional supplements, which in turn is propelling the demand for MSG from healthcare industries. The approval and recommendation of international bodies regarding its safe usage levels in foods will continue augmenting product adoption going ahead.
Current challenges in Monosodium Glutamate Market:
The Monosodium Glutamate market is facing challenges due to rising health concerns associated with the consumption of MSG. Many health experts and nutritionists argue that MSG can cause various health issues like headaches, fatigue, tingling in extremities etc. in sensitive individuals. Rising awareness about the ill-effects of MSG consumption has impacted the growth prospects of Monosodium Glutamate market negatively. Moreover, the availability of alternative taste enhancers like hydrolyzed vegetable protein is also posing a challenge. Many food brands are promoting MSG-free labels to attract health-conscious consumers which is affecting the demand for Monosodium Glutamate. Stringent regulations pertaining to the usage level of MSG is also a major challenge for manufacturers.
SWOT Analysis
Strength: Widely used as a food additive and flavor enhancer. Has a umami taste that enhances the flavor of food.
Weakness: Health concerns related to MSG consumption like headaches and allergic reactions in sensitive individuals.
Opportunity: Expanding food processing industry worldwide is driving the demand for various food additives including MSG. Increasing meat consumption also presents an opportunity as MSG is commonly used in meat products.
Threats: Stringent regulations limiting the usage level of MSG. Rising popularity of clean label products is prompting consumers to avoid or reduce MSG intake.
Geographical regions with high market concentration
The Asia Pacific region dominates the Monosodium Glutamate market in terms of value largely due to high consumption in countries like China, Japan and South Korea. These countries have been using MSG on a large scale in cuisine for a long time. North America and Europe are other major markets for MSG driven by increasing consumption of packaged and processed foods that commonly use MSG as a flavor enhancer.
Fastest growing geographical region
The Latin America region is expected to witness the fastest growth in the Monosodium Glutamate market over the forecast period. Countries like Brazil, Mexico and Argentina are experiencing rising disposable incomes and improving lifestyles. This is prompting higher spending on convenience foods that contain MSG. Also, increased Western influence is popularizing cuisines from other regions that extensively use MSG. These factors are driving strong growth in the MSG market of Latin America.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it