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Monosodium Glutamate (MSG) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Global monosodium glutamate market is segmented by Application as Noodles, Soups and Broth, Meat Products, Seasonings and Dressings, and Other Applications; and by Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
North America
Largest Market:
Asia Pacific
CAGR:
4.5 %
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Market Overview
Global Monosodium Glutamate (MSG) is forecasted to grow at a CAGR of 4.5% during the forecast period (2020-2025).
- Monosodium Glutamate (MSG) is one of the most widely used flavor enhancer in processed foods such as soups, canned vegetables and processed meats. MSG adds a special umami flavor to the processed foods.
- Asia-Pacific holds a prominent market share in the global MSG market due to its increase in applications of glutamate salts especially in meat and other high protein foods.
- Additionally, high production of MSG in Countries like China, Indonesia, Korea and high exports to countries like United States are also driving the market.
- Major Players in the global MSG market include: Cargil Inc., Ajinomoto Co. Inc., and COFCO among others.
Scope of the Report
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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Key Market Trends
Growing Demand From Developing Countries
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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Asia-Pacific Witnessing a Prominent Share in The Global MSG Market
Asia-Pacific holds a prominent market share in the global MSG (monosodium glutamate) market due to its increase in applications of glutamate salts especially in meat and other high protein foods. MSG is added to foods according to the regulations subject to Good Manufacturing Practices and Food Safety and Standards in the Asia-Pacific region. China being one of those most prominent producer, MSG produced in China has been exported to countries like Thailand, Vietnam, Nigeria, Indonesia, South Africa among others. MSG in the United States market must adhere to Food Chemicals Codex Specifications when used in food by itself or in the forms of blends mainly as a flavor enhancer in food applications such as soups, broths, fish, meats, seasonings, vegetable juices, beverages, frozen meats, sauces, and dressings, etc.
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Competitive Landscape
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.
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Table Of Contents
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
*List Not Exhaustive
** Subject to Availability
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