Monosodium Market to 2023 | Sales Strategy, Revenue Generation | Top 10 Key Players Potential Growth Rate In CAGR

Monosodium
World wide Monosodium Glutamate is expected to witness a significant growth of USD ~6,200 million by 2022 with CAGR of ~4.9% between 2016 and 2022

Market Overview 2018 to 2022

Monosodium glutamate has found in various applications such as additives, flavor enhancers, acidity regulators, preservatives, and others. Increasing in demand of food industries is likely to drive the monosodium glutamate market growth. The growing food industries and animal feed industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and Middle East has boosted the global monosodium glutamate market over the forecasted period.

In addition monosodium glutamate has undoubtedly been the controversial focal point of a decades it causes health care issues such as seizures, migraines, chest pains, and brain lesions this can be hamper global monosodium glutamate market. The key players of monosodium glutamate are planning to provide natural alternatives foods.

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Key Players

Key players of the global monosodium glutamate market are Fufeng Group (China), AJINOMOTO Co.Inc.(Japan), Vedan International (Holdings) Limited. (Hong Kong), Ningxia Eppen Biotech Co.(China), KYOWA HAKKO BIO CO.LTD. (Japan), Shandong Linghua MSG Co., Ltd (China), Shandong Qilu Biotechnology Group (China), Shandong Shenghua Group (China), Jianyang Wuyi MSG Co. Ltd. (China)and others.

Regional Analysis

Asia Pacific is the largest market of monosodium glutamate due to demand in various applications such as additives, flavor enhancers in China region followed by Japan. Increasing demand for fast food in the Indian, Taiwan, and South Korea has made Asia Pacific largest consumer of the global monosodium glutamate market followed by increasing in the consumption of monosodium glutamate market in North America region. The third largest market of monosodium glutamate is Europe. Latin America and Middle East also witnessed in growth of monosodium glutamate market due to various application such as additives, flavor enhancers, acidity regulators, preservatives, and others.

Monosodium glutamate, which is an amino acid with the linear formula C5H8NNaO4 • H2O is an important industrial chemical to enhance flavor of foods monosodium glutamate commonly used in fast foods. Although MSG is tasteless by itself, it is a flavor enhancer that can be used to improve the taste of meat, fish, fowl, vegetables, and soup. It is said to provide a unique flavor that is neither bitter, sour, sweet, nor salty. It is highly used by the food & beverage industry in frozen, canned, and dried foods. It has also been used, with sugar, to change the flavor of bitter drugs.

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Segmentation

The global monosodium glutamate market is majorly segmented on the basis of application, end users and region. Based on application of monosodium glutamate the market is segmented into additives, flavor enhancers, acidity regulators, preservatives, and others. Based on end user the market segmented into food processing industry, cosmetic industry, pharmaceutical industry, animal feed, and others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

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