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Monosodium Glutamate Market growth will be stimulated by rising demand in the pharmaceutical industry by 2024

Author : Ronak Bora | Published Date : 2019-04-04 

A comprehensive research study on monosodium glutamate market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Monosodium glutamate market is driven largely by the food processing industry. Demand for processed food has gained huge importance since the past few decades attributable to the changing lifestyles of people, hectic work schedules, shift in the taste and preferences and increasing purchase power. These factors are driving the fast and processed food industry on a large extent. The global food processing industry revenue accounted for over USD 2.5 trillion in 2016 and is likely to grow with a decent CAGR. Prominent players such as Kraft Foods and Nestle are increasing their brand awareness by investing hugely in promotions to uphold product differentiation. These factors are propelling the global monosodium glutamate market demand to new heights.

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Another major driver for of the monosodium glutamate market is the pharmaceutical industry, which is one of the most essential and widely growing industry in today’s world with a global revenue of over USD 1 trillion in 2016. Increasing number of diseases, outbreak of epidemics and technological advancements are diving the global pharmaceutical industry hugely. Changing lifestyles and work life imbalance are giving birth to different lifestyle related diseases. Unhealthy eating habits and lesser consumption of nutritional food is also leading to health issues and obesity. This, in turn is fueling the pharmaceutical products demand for curing these diseases. These factors are boosting the global MSG market demand extensively.

Though United States Food & Drug Administration (FDA) has recognized MSG as safe, it received reports stating, consumption of the product to an excess of 3 grams without food may lead to side effects such as headache, drowsiness, palpitations, chest pain, nausea, tingling, flushing and numbness to sensitive individuals. These strict regulatory factors may cause a decline in the global monosodium glutamate market demand.

Based on application, the global MSG market can be segmented into flavor enhancer, preservative, and acidity regulator. The product finds its use as a flavor enhancer in processed meats & soups, canned vegetables, and other food products. The product also finds its use as a preservative to prevent undesirable chemical changes and microbial growth. It does not have a flavor of its own but helps to intensify the natural flavor of food which is “Umami”; neither sweet, bitter, salty or sour.

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Considering geography, Asia Pacific is a significant producer and consumer of the global monosodium glutamate market. China and Japan are the leading producers & consumers in this region followed by India & other Southeast Asian countries. Asia Pacific region is followed by North America considering the consumption in the United States and substantial MSG market demand owing to expansions in the food manufacturing and processing industry.

Prominent players operating in the global monosodium glutamate market include Ajinomoto, B&G Foods Inc, Vedan International, Fufeng Group, The Tien Chu (Hong Kong) Company Limited, Sunrise Nutrachem Group, Eppens.Cn, Meihua Holdings Group, Global Bio-Chem Technology Group Company Limited, R. M. Chemicals, and Triveni chemicals.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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