Monosodium glutamate, commonly known as MSG, is a flavor enhancer used as an additive in food. It is widely used in Chinese, Japanese and Southeast Asian cuisines to intensify the umami and savory flavors of food. MSG improves the palatability of food by accentuating its natural flavors. It has shown to boost seafood, meat, vegetables and other foods. MSG provides a rich, hearty and satisfying eating experience without adding calories, fat or sodium to food.
The Global Monosodium Glutamate Market 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 203
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, Virovek.
The increasing consumption of packaged and processed food is driving the demand for MSG as a flavor enhancer. The hectic lifestyle and changing consumer food preferences favor convenient food options which is propelling the growth of the market.
Globally, the Monosodium Glutamate Market Growth particularly is in the Americas region and Asia Pacific due to increasing adoption of western food culture and growing fast food consumption in these regions. Key players are investing in expansions across countries to leverage new market opportunities.
Market Key Trends
The rising health-conscious population and clean label food trend is prompting manufacturers to develop natural sources of umami and alternatives to MSG. Some key industry players are investing in research and development of natural ingredients such as mushroom extracts, seaweed, and tomato powder which can impart an umami taste without the inclusion of sodium. This is expected to be a major trend in the MSG market over the forecast period.
Porter’s Analysis
Threat of new entrants: High capital requirements and economies of scale are barriers to entry in MSG production.
Bargaining power of buyers: Buyers have limited bargaining power due to MSG’s wide availability from different producers.
Bargaining power of suppliers: Suppliers have moderate bargaining power as MSG manufacturers require regular raw material supply.
Threat of new substitutes: Alternatives like hydrolyzed vegetable protein contain MSG but pose limited substitutability threat due to taste and functionality.
Competitive rivalry: Intense competition exists among major MSG producers to gain market share and profit margins remain under pressure.
Geographical Regions
The Asia Pacific region holds the major share of the global MSG market in terms of value due to high demand from countries like China, Japan and South Korea. These countries have a long tradition of using MSG to enhance flavor in various cuisines.
North America is expected to register the fastest growth in the Monosodium Glutamate Market Size and Trends over the forecast period. Increased health awareness and demand for clean label products is driving manufacturers to introduce organic and natural MSG products. This is boosting market penetration across the US and Canada.
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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