The Growing Monosodium Glutamate Market is in Trends by Increasing Food Consumption


Posted September 25, 2024 by AvantikaCmi-30

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%
 
The monosodium glutamate market plays a vital role in food processing. Monosodium glutamate (MSG), also known as sodium glutamate, is the sodium salt of glutamic acid. It is widely used as a food additive to enhance savory flavors in food products, especially in Asian cuisines.MSG is used to enhance savory umami tastes in food products, especially in soups, sauces, gravies, dressings, beef, pork, poultry, and seafood dishes. Recent studies have found that MSG contains very little sodium and ingesting reasonable amounts is safe for most people, making MSG a healthier flavor enhancer alternative to salt.
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 2031

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 urbanization and rising disposable income of the growing middle class population have boosted food consumption, fueling demand for flavor enhancers like MSG. The expansion of the food processing industry globally is opening up opportunities for monosodium glutamate manufacturers. Additionally, increasing applications of MSG in pharmaceuticals industry and feed additives are driving the monosodium glutamate market growth.

Market Drivers

The key driver for the Monosodium Glutamate Market Growth is use as a healthier alternative to salt. Recent studies have found that MSG contains very little sodium and ingesting reasonable amounts is safe for most people. As consumers are shifting towards reducing salt intake to minimize health risks like high blood pressure, MSG has emerged as a popular low-sodium flavor enhancer. This increasing awareness about the health benefits of MSG compared to salt is propelling the monosodium glutamate market growth over the forecast period.
PEST Analysis
Political: The MSG market is regulated by various regional and global food standards organizations which can affect trade and availability of MSG across geographical regions. Non-compliance to food additive standards and regulations can negatively impact market growth.
Economic: Rising disposable incomes and growing demand for convenience foods are positively impacting the Monosodium Glutamate Market Size and Trends. However, economic uncertainties and slowdowns can affect discretionary spending on food products containing MSG.
Social: Growing health consciousness and changing consumer preferences towards clean label, natural, and organic food ingredients present challenges for MSG manufacturers. However, increasing global population and demand for affordable food enhance MSG demand.
Technological: Advancements in fermentation and bio-engineering techniques enable efficient production of MSG through microbial fermentation instead of chemical synthesis, making production more sustainable. Automation in manufacturing aids scale and quality control.

The MSG market in terms of value is concentrated in the Asia Pacific region, accounting for over 60% share globally. Countries like China, Japan and India have strong demand roots stemming from traditional cuisines extensively utilizing MSG. North America and Europe also account for significant shares led by growing demand from food processing industry.

In terms of fastest growth, the MSG market in Latin America is poised to expand at a double digit CAGR during the forecast period on account of rising affluence, westernization of diets and growingfood processing industry in the region. Countries like Brazil and Mexico present lucrative opportunities for MSG manufacturers aided by increase in disposable incomes, urbanization and demand for convenience foods.
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Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

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Issued By Coherent Market Insights
Country India
Categories Blogging , Food , Health
Tags coherent market insights , msg , consumer food , monosodium glutamate market , msg products , leverage new market
Last Updated September 25, 2024