Press Release
Press Release
According to a new report by EMR titled, ‘South Korea Monosodium Glutamate Market Report and Forecast 2024-2032’, the market is estimated to grow at a CAGR of 5.1% in the forecast period of 2024-2032. The market is driven by the expansion of the food processing industry.
MSG plays a pivotal role in Korean delicacies, such as in soups or stews that generally have red pepper or soybean paste. In addition to that, MSG is widely used in convenience meals as a flavour enhancer. Some of the common Korean foods that include MSG as a food enhancer include kimchi, soups, fried rice, roasted seaweed, stews, and namul (vegetable side dishes). It also finds application in food items such as supermarket salad dressings, fried chicken, and onion and salsa dips. The average intake of MSG in South Korea is around 1.2 to 1.7 grammes per day.
The South Korea monosodium glutamate market expansion is expected to be fuelled in the forecast period by changing consumer sentiments towards MSG and the rising demand for food products that can reduce sodium intake. As MSG provides flavour enhancement with two-thirds less sodium than table salt, its use in food products, ranging from baked products to soups, is rising.
In October 2023, Ajinomoto Co., Inc. (TYO: 2802) renewed and relaunched the logo for its global AJI-NO-MOTO® umami seasoning brand. The umami seasoning from this brand is manufactured in 15 countries, such as Japan and South Korea, and sold in more than 130 markets. The brand made a lasting impression by changing its logo and showcasing the logo in media such as websites and advertisements. Such promotions have strengthened the brand’s image in order to guarantee that the brand is appreciated globally. Given that many customers have a strong attachment to the previous brand logo, Ajinomoto Co. and the design office Nendo, Inc. worked together once more to update the logo, taking into account how to pursue a better design while maintaining the tone and style of the current design.
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Figure: Working Age Population (% of Total Population) in South Korea, 2018-2022
The major players in the South Korea monosodium glutamate market are Ajinomoto Co., Inc, CJ CheilJedang Corp, Daesang Corporation, and COFCO International, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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