Report Overview

The global monosodium glutamate market reached USD 5.9 billion in 2023. The market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to reach a value of USD 8.4 billion in 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Monosodium Glutamate Market Size

The global monosodium glutamate market reached USD 5.9 billion in 2023. The market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to reach a value of USD 8.4 billion in 2032.

 

Global Monosodium Glutamate Market Report Summary Description Value
Base Year USD Billion 2023
Historical period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 5.9
Market Size 2032 USD Billion 8.4
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.0%
CAGR 2024-2032 - Market by Region Asia Pacific 5.2%
CAGR 2024-2032 - Market by Country India 5.9%
CAGR 2024-2032 - Market by Country China 5.0%
CAGR 2024-2032 - Market by Application Noodles, Soup, and Broth 4.4%
CAGR 2024-2032 - Market by End Use Food Processing Industries 4.5%
Market Share by Country 2023 Australia 1.3%

 

Monosodium Glutamate Market Report Snapshots

Monosodium Glutamate Market Size

Monosodium Glutamate Market Growth

Monosodium Glutamate Market Trends

Monosodium Glutamate Companies

Monosodium Glutamate Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global monosodium glutamate market is projected to grow at a CAGR of 4% between 2024 and 2032.

The major drivers of the market include the hectic work schedules, shift within the taste and preferences of consumers, increasing purchasing power, rise within the margin of profit, increased utilisations of glutamate salts, and increasing popularity of Asian food.

The growing demand emanating from the food processing industry and the changing lifestyles of individuals are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major applications are noodles, soup, and broth, meat products, seasonings and dressings, among others.

The market finds its end-uses in the food processing industries and food service sectors, among others.

The major players in the industry are Ajinomoto Co., Inc., Fufeng Group, MeiHua Holdings Group Co, Shandong Qilu Biotechnology Group, and Vedant Int’l, among others.

In 2023, the market reached a value of approximately USD 5.9 billion.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.4 billion by 2032.

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30 North Gould Street, Sheridan, WY 82801

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

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