Monosodium Glutamate Market - Forecast(2021 - 2026)

Report Code: FBR 23377 Report Format: PDF + Excel (Delivery in 48 Hrs)

Monosodium Glutamate Market Overview

Monosodium Glutamate Market size is estimated to reach $11.2 Billion by 2026, growing at a CAGR of 6.1% during the forecast period 2021-2026. Monosodium Glutamate is an ingredient which is highly used in variety of cuisines and commercially its application are in broths, soups, canned and frozen vegetables, flavoring and spice blends. Monosodium Glutamate application has increased over time and it is found in different ingredients obtainable in every market or grocery store. Increase in the demand for flavor enhancers, growing demand for monosodium glutamates in meat products, growing popularity of fast food chains in developing nations, increase in the standard of living, changing customer preferences and increase in the demand for convenience foods are the factors that are set to drive the growth of the global market for the forecast period 2021-2026.

Monosodium Glutamate Market Report Coverage

The report: “Monosodium Glutamate Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Monosodium Glutamate Market. 
By Application: Noodles, Soup and Broth, Meat Products, Seasonings and Dressings, Others.
By End User: Food Processing Industries, Food Service Sectors, Others.
By Geography: North America, Asia-Pacific, Europe, and Rest of World (ROW).

Key Takeaways

  • Geographically, Asia-Pacific Monosodium Glutamate Market accounted for the highest revenue share in 2020 and it is poised to dominate during the forecast period 2021-2026 owing to the growing popularity of fast food chains.
  • Growing demand for convenience foods is propelling the demand of Noodles, Soup and Broth segment.
  • Health concerns associated with the consumption of monosodium glutamate is one of the major factors which is said to reduce the growth of Monosodium Glutamate Market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Monosodium Glutamate Market report.

Monosodium Glutamate Market Segment Analysis - By Application

The Global Monosodium Glutamate Market based on the Application can be further segmented into Noodles, Soup and Broth, Meat Products, Seasonings and Dressings, and Others. The Noodles, Soup and Broth segment held the largest share in 2020 owing to the factors such as growing demand for convenience foods, increase in the inclination towards taste, and rise in the disposable income of individuals. The growing demand for flavor enhancers in noodles, soup and broth is driving the growth of the market. Meat products is estimated to be the fastest growing segment during the forecast period 2021-2026. This is owing to the factors such as growing demand for monosodium glutamate in meat products, growing consumption of meat among the young population and increase in the product launches.

Monosodium Glutamate Market Segment Analysis - By End User

The Global Monosodium Glutamate Market based on the End User can be further segmented into Food Processing Industries, Food Service Sectors and Others. Food Processing Industries segment held the largest share in 2020 owing to the factors such as growing demand for processed foods, increase in the inclination towards taste and rise in the disposable income of individuals. The growing demand for processed foods with enhanced flavors is driving the growth of the market. Food Service Sectors segment is estimated to be the fastest growing segment with a CAGR of 7.37% during the forecast period 2021-2026. This is owing to the factors such as rise in the working population, rising need of customized and newer food options, changing customer preferences and increase in the investment by the major players in the food service sector.

Monosodium Glutamate Market Segment Analysis - By Geography

The Global Monosodium Glutamate Market based on the Geography can be further segmented into North America, Asia-Pacific, Europe, and Rest of World (ROW). Asia-Pacific held the largest share of 31.42% of market in 2020. The growth in this segment is owing to the factors such as increase in the production of monosodium glutamate in countries like China and Indonesia, growing popularity of fast food chains, and increase in the demand for convenience foods. Growing applications of monosodium glutamate in meat products in the region is driving the growth of the market. North America is estimated to be the fastest growing segment during the forecast period 2021-2026. This is owing to the factors such as growing demand for flavor enhancers, increase in the inclination towards taste, sedentary lifestyle and increase in the product launches and innovations.

Monosodium Glutamate Market Drivers

Increase in the demand for flavor enhancers

The increase in the demand for flavor enhancers is estimated to enhance the growth of Monosodium Glutamate Market. The growing inclination towards taste among the young population has made the manufacturers to launch products with enhanced flavors, which is driving the growth of Monosodium Glutamate Market.

Growing popularity of fast food chains

The increase in the popularity of fast food chains is propelling the growth of Monosodium Glutamate Market. The growing demand for convenience foods and sedentary lifestyle is driving the demand of fast food chains, which in turn is fueling the growth of the market.

Monosodium Glutamate Market Challenges 

Health concerns associated with the consumption of monosodium glutamate

Several health issues associated with the consumption of monosodium glutamate in food products have shifted the manufacturer’s preference towards other flavor enhancers, which is one of the major challenge that is estimated to reduce the growth of the Monosodium Glutamate Market. 

Monosodium Glutamate Market Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Monosodium Glutamate Market. Key companies of this market are Cargill Inc, Fufeng Group, Gremount International Company Limited, COFCO, Meihua Holdings Group Co Ltd, Ningxia Eppen Biotech Co Ltd, Ajinomoto Co Inc, R.M. Chemicals, Sunrise Nutrachem Group, Vedan International among others.

Acquisitions/Product Launches:

In Jan 2020, Japanese food processing and seasoning company Ajinomoto, announced that it is planning to expand market share of Monosodium Glutamate in Indian MSG market.


1. Monosodium Glutamate Market - Overview
    1.1 Definitions and Scope
2. Monosodium Glutamate Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Application
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Monosodium Glutamate Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies 
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Monosodium Glutamate Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Monosodium Glutamate Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Monosodium Glutamate - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Monosodium Glutamate Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Monosodium Glutamate Market – By Application (Market Size –$Million/$Billion)
    8.1 Noodles, Soup and Broth
    8.2 Meat Products
    8.3 Seasonings and Dressings
    8.4 Others
9. Monosodium Glutamate Market – By End User (Market Size –$Million/$Billion)
    9.1 Food Processing Industries
    9.2 Food Service Sectors
    9.3 Others
10. Monosodium Glutamate Market - By Geography (Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Monosodium Glutamate Market - Entropy
12. Monosodium Glutamate Market – Industry/Segment Competition Landscape Premium 
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Monosodium Glutamate Market – Key Company List by Country Premium Premium
14. Monosodium Glutamate Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Global Industry Research
1.2 Meat Products Market 2019-2024 ($M) - Global Industry Research
1.3 Seasonings and Dressings Market 2019-2024 ($M) - Global Industry Research
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 Noodles, Soups and Broth Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Meat Products Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Seasonings and Dressings Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
5.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
5.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
7.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
7.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
9.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
9.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
11.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
11.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 Noodles, Soups and Broth Market 2019-2024 ($M) - Regional Industry Research
13.2 Meat Products Market 2019-2024 ($M) - Regional Industry Research
13.3 Seasonings and Dressings Market 2019-2024 ($M) - Regional Industry Research
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Monosodium Glutamate Market Revenue, 2019-2024 ($M)
2.Canada Monosodium Glutamate Market Revenue, 2019-2024 ($M)
3.Mexico Monosodium Glutamate Market Revenue, 2019-2024 ($M)
4.Brazil Monosodium Glutamate Market Revenue, 2019-2024 ($M)
5.Argentina Monosodium Glutamate Market Revenue, 2019-2024 ($M)
6.Peru Monosodium Glutamate Market Revenue, 2019-2024 ($M)
7.Colombia Monosodium Glutamate Market Revenue, 2019-2024 ($M)
8.Chile Monosodium Glutamate Market Revenue, 2019-2024 ($M)
9.Rest of South America Monosodium Glutamate Market Revenue, 2019-2024 ($M)
10.UK Monosodium Glutamate Market Revenue, 2019-2024 ($M)
11.Germany Monosodium Glutamate Market Revenue, 2019-2024 ($M)
12.France Monosodium Glutamate Market Revenue, 2019-2024 ($M)
13.Italy Monosodium Glutamate Market Revenue, 2019-2024 ($M)
14.Spain Monosodium Glutamate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Monosodium Glutamate Market Revenue, 2019-2024 ($M)
16.China Monosodium Glutamate Market Revenue, 2019-2024 ($M)
17.India Monosodium Glutamate Market Revenue, 2019-2024 ($M)
18.Japan Monosodium Glutamate Market Revenue, 2019-2024 ($M)
19.South Korea Monosodium Glutamate Market Revenue, 2019-2024 ($M)
20.South Africa Monosodium Glutamate Market Revenue, 2019-2024 ($M)
21.North America Monosodium Glutamate By Application
22.South America Monosodium Glutamate By Application
23.Europe Monosodium Glutamate By Application
24.APAC Monosodium Glutamate By Application
25.MENA Monosodium Glutamate By Application