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Global monosodium glutamate market is segmented by Application as Noodles, Soups and Broth, Meat Products, Seasonings and Dressings, and Other Applications; and by Geography.
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
North America
Largest Market:
Asia Pacific
CAGR:
4.5 %
Global Monosodium Glutamate (MSG) is forecasted to grow at a CAGR of 4.5% during the forecast period (2020-2025).
The global monosodium glutamate (MSG) market is segmented by application as noodles, soups and broth, meat products, seasonings and dressings, and other applications. Other applocations of MSG include addition of MSG in other savoury foods such as sauces and savoury snacks/meals.
By Application | |
Noodles, Soups and Broth | |
Meat Products | |
Seasonings and Dressings | |
Other Applications |
Geography | |||||||
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Rest of the World |
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China being one of those most prominent producers, MSG produced in China is exported to countries such as India, Thailand, and South Africa among others. With the growing demand of processed foods in developing countries such as India, the import demand for MSG has witnessed a rise, as MSG is used as a flavor enhancer in food items such as soups, canned vegetables and processed meats. Additionally, with the growing demand for flavor enhancers in the developed regions, countries like United States and Russia are among the prominent importing countries of MSG from China and Indonesia.
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The key companies in the MSG market are players such as Ajinomoto Co. Inc., and COFCO, which are expanding into the untapped potential markets in countries such as United States, Russia, Netherlands, etc., by catering to the growing customer demand. These players, along with the other prominent companies are adopting expansion and investment strategies to strengthen and increase their consumer base.The major strategies adopted by the companies in the global MSG market are expansions, acquisitions, and partnerships.
1. INTRODUCTION
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Market
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Noodles, Soups and Broth
5.1.2 Meat Products
5.1.3 Seasonings and Dressings
5.1.4 Other Applications
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Ajinomoto Co. Inc
6.4.2 COFCO
6.4.3 Ningxia Eppen Biotech Co., Ltd
6.4.4 Fufeng Group
6.4.5 Meihua Holdings Group Co., Ltd
6.4.6 Gremount International Company Limited
6.4.7 Cargill, Incorporated.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability