Market Size of Monosodium Glutamate (MSG) Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.15 Billion |
| Market Size (2029) | USD 7.48 Billion |
| CAGR (2024 - 2029) | 4.01 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Monosodium Glutamate (MSG) Market Analysis
The Monosodium Glutamate Market size is estimated at USD 6.15 billion in 2024, and is expected to reach USD 7.48 billion by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).
The COVID-19 pandemic's difficult times negatively impacted the food and beverage industry. The international restrictions on MSG have damaged the food service industry and the MSG distribution chain. On the other hand, MSG consumption relatively showed a decent growth as the usage of processed foods has increased. During the COVID outbreak, stores and online marketplaces could stock up on processed goods in anticipation of sales, ensuring a consistent supply of MSG to its vendors.
One of the monosodium glutamate market's driving factors is the fast food outlet establishment and rising demand for fast food chains, which is predicted to enhance the market's growth due to the high demand for convenience meals and changing lifestyles around the world. Furthermore, the younger generation has a growing desire for taste, leading manufacturers to offer products with improved monosodium glutamate flavors.
The growing popularity of Asian food and the need for salt substitutes is transforming the global culinary scene. Thereby, MSG supply in Western countries has increased due to glutamate salt consumption, particularly in meat and other protein-rich goods.
