by The monosodium glutamate market has grown significantly owing to the widespread applications of monosodium glutamate as a flavor enhancer in food products. Monosodium glutamate, commonly known as MSG, is an amino acid salt that enhances the savory taste of food without altering its original flavor. MSG is widely used as a food additive in home cooking, restaurants, and processed food manufacturing to boost flavor and reduce salt and fat content.
The Global Monosodium Glutamate Market Demand 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 2030.
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 growing demand for MSG is attributed to its widespread use in Asian cuisines and increasing popularity of Chinese restaurants globally. The increasing globalization of food trade and expanding Asian food chains overseas are fueling the global expansion of the monosodium glutamate market.
Market key trends
One of the key trends gaining traction in the monosodium glutamate market is the increasing demand for clean label and natural food ingredients. Consumers are increasingly preferring products containing simple and easily recognizable ingredients. This is fueling innovation in MSG production from natural sources like tomatoes, sugar beets and sugarcane instead of artificial synthesis. Companies are investing in novel extraction and purification technologies to produce MSG that is classified as natural and clean label. This will help overcome limitations to MSG usage arising from negative consumer perception of artificiality.
Porter’s Analysis
Threat of new entrants: New players will need significant investments to build facilities and compete with established players.
Bargaining power of buyers: Large buyers can negotiate lower prices due to their volume but quality suppliers hold an advantage.
Bargaining power of suppliers: Suppliers need to cater to global demands and adhere to stringent quality standards limiting their bargaining power.
Threat of new substitutes: No major substitutes exist for MSG making threats relatively low.
Competitive rivalry: Intense competition exists between major global players to gain market share.
Geographical Regions
In terms of value, Asia Pacific accounts for the major share in the MSG market owing to its wide application in food products. China is the largest MSG producing and consuming country globally.
North America is the fastest growing region for the MSG market due to increasing awareness about specialty food products and clean label ingredients. The demand is expected to grow significantly during the forecast period.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
