Global Glutamic Acid Market Size By Application, By Competitive Landscape, By Geographic Scope And Forecast

Report ID: 59063|No. of Pages: 202

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Global Glutamic Acid Market Size By Application, By Competitive Landscape, By Geographic Scope And Forecast

Report ID: 59063|Published Date: May 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Glutamic Acid Market Size And Forecast

Glutamic Acid Market size was valued at USD 11.59 Billion in 2024 and is projected to reach USD 17.66 Billion by 2031, growing at a CAGR of 5.4% from 2024 to 2031

Glutamic Acid Market is estimated to grow at a CAGR of 5.4% & reach US$ 17.66 Bn by the end of 2031

Global Glutamic Acid Market Drivers

Numerous aspects of glutamic acid’s applications, technological developments, and market dynamics are among the market drivers. The main motivators are as follows:

  • Expanding Food and Drink Sector: In the food industry, glutamic acid (also known as monosodium glutamate, or MSG) is frequently employed as a flavour enhancer. The industry is being driven mostly by the growing demand for convenience and processed meals.
  • Growing Need for Animal Feed: Glutamic acid is used by the animal feed industry to enhance the nutritional value and palatability of feed, promoting the general well-being and growth of cattle. The growing global consumption of meat is driving this sector’s expansion.
  • Growing Usage in Medicines and Health Care: Because it plays a part in protein synthesis and metabolism, glutamic acid is used as a nutritional supplement and in pharmaceutical manufacturing to synthesise medicines. The need for glutamic acid is increased by the expanding pharmaceutical industry.
  • Expanding Market for Nutraceuticals: Because glutamic acid has been shown to improve brain function and promote muscle metabolism, there is a growing demand for nutraceutical products that incorporate this acid due to its increased awareness of health and wellness.
  • Products for Personal Care and Cosmetics: Because glutamic acid is moisturising and conditioning, it is used in skincare and haircare products. Growth in the market is supported by the personal care business, which is growing due to increased consumer knowledge of skincare.
  • Eco-friendly Chemistry and Biodegradable Polymers: The development of biodegradable polymers using glutamic acid is encouraged by the trend towards environmentally friendly and sustainable products. The market is benefiting from developments in green chemistry and the creation of bio-based goods.
  • Technological Progress: Glutamic acid manufacturing is now more economical and efficient because to developments in fermentation technology, which in turn promotes market expansion.
  • Urbanisation and Population Growth: The need for a variety of end-use products containing glutamic acid, ranging from food to personal care items, is driven by the growing worldwide population and urbanisation.

Global Glutamic Acid Market Restraints

Several factors can act as restraints or challenges for the Glutamic Acid Market. These may include:

  • Cost and Availability of Raw Materials: Glutamic acid production is highly dependent on the price and availability of raw materials such as molasses and sugar. The market is volatile because changes in the price of these raw materials might have an impact on the total cost of manufacturing.
  • Concerns about the environment and regulations: Glutamic acid production has the potential to produce large volumes of waste and contaminants. Manufacturers are being forced to implement greener methods due to stricter environmental restrictions and sustainability concerns. However, this could raise production costs and have an adverse effect on profitability.
  • Market Rivalry: There are many competitors in this fiercely competitive sector, ranging from major global firms to tiny local producers. Price wars brought on by fierce competition have the potential to reduce business margins.
  • Financial Elements: Consumer spending and industrial demand for products that employ glutamic acid, like processed foods and pharmaceuticals, might decline during economic downturns or unstable periods in important markets.
  • Alternative Technologies and Ingredients: The need for natural glutamic acid may decline with the creation and use of substitute components or synthetic amino acids. Technological developments in synthetic biology and biotechnology may provide more affordable or ecologically friendly alternatives.
  • Safety and Health Issues: Despite widespread consensus that glutamic acid and its derivatives, such as monosodium glutamate (MSG), are safe, there are ongoing discussions and worries about their potential health risks. New scientific discoveries or unfavourable customer views may lower demand.
  • Supply Chain Interruptions: The worldwide supply chain might be disrupted by pandemics, natural disasters, or geopolitical tensions, which can potentially affect the glutamic acid market. The delivery of completed goods and the availability of raw materials may be impacted by these interruptions.
  • Technological Obstacles: High-purity glutamic acid production necessitates sophisticated machinery and knowledge. Smaller companies or recent market entrants may have trouble obtaining the required technologies or effectively ramping up production.

Global Glutamic Acid Market Segmentation Analysis

The Global Glutamic Acid Market is Segmented on the Basis of Application And Geography.

Glutamic Acid Market Segmentation Analysis

Glutamic Acid Market, By Application

  • Food additives
  • Pharmaceutical
  • Animal & Pet Food

Based on Application, the market is segmented into Food additives, Pharmaceuticals, and Animal & Pet Food. Food additives staked a major share in the development of the Glutamic Acid Market. Glutamic corrosive is utilized for upgrading the flavor of food. This acid is often found in processed meat, snacks made of carbohydrates, canned vegetables, and dairy products like bread, ice cream, and cheese. Additionally, the human body constructs protein building blocks with glutamic acid. One of the primary drivers of the segment’s expansion is also the growing preference for ready-to-eat food products.

Glutamic Acid Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Glutamic Acid Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is expected to be the fastest-rising Glutamic Acid segment. This can be attributed largely to the growing demand for packaged food in developing countries such as China and India. Growing population, increasing buying power parity, and rising demand for natural food additives are also expected to drive the Glutamic Acid Market over the forecast period.

Key Players

The major players in the Glutamic Acid Market are:

  • Global Bio-chem Technology Group Company
  • Bachem AG
  • Ningxia EPPEN Bioengineering Stock Co. Ltd
  • Kyowa Hakko Bio Co. Ltd
  • Sichuan Tongsheng Amino Acid Co., Ltd
  • Iris Biotech GmbH
  • Suzhou Yuanfang Chemical Co. Ltd.
  • Ajinomoto Co., Inc.
  • Limited
  • Akzo Nobel N.V.
  • Evonik Industries AG.

Report Scope:

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Global Bio-chem Technology Group Company, Bachem AG, Ningxia EPPEN Bioengineering Stock Co., Ltd, Kyowa Hakko Bio Co. Ltd.

SEGMENTS COVERED
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Glutamic Acid Market size was valued at USD 11.59 Billion in 2024 and is projected to reach USD 17.66 Billion by 2031, growing at a CAGR of 5.4% during the forecast period 2024-2031.

Expanding Food and Drink Sector, Growing Need for Animal Feed, Growing Usage in Medicines and Health Care are the factors driving the growth of the Silane Coupling Agents Market.

The major players are Global Bio-chem Technology Group Company, Bachem AG, Ningxia EPPEN Bioengineering Stock Co., Ltd, Kyowa Hakko Bio Co. Ltd.

The Global Glutamic Acid Market is segmented on the basis of Application And Geography.

The sample report for the Glutamic Acid Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.

1 INTRODUCTION OF GLOBAL GLUTAMIC ACID MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL GLUTAMIC ACID MARKET OUTLOOK
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis

5 GLOBAL GLUTAMIC ACID MARKET, BY APPLICATION
5.1 Overview
5.2 Food additives
5.3 Pharmaceutical
5.4 Animal & Pet Food

6 GLOBAL GLUTAMIC ACID MARKET, BY GEOGRAPHY
6.1 Overview
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 Germany
6.3.2 U.K.
6.3.3 France
6.3.4 Rest of Europe
6.4 Asia Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest of Asia Pacific
6.5 Rest of the World
6.5.1. Latin America
6.5.2. Middle East & Africa

7 GLOBAL GLUTAMIC ACID MARKET COMPETITIVE LANDSCAPE
7.1 Overview
7.2 Company Market ranking
7.3 Key Development Strategies

8 COMPANY PROFILES

8.1 Global Bio-chem Technology Group Company
8.1.1 Overview
8.1.2 Financial Performance
8.1.3 Product Outlook
8.1.4 Key Developments

8.2 Bachem AG
8.2.1 Overview
8.2.2 Financial Performance
8.2.3 Product Outlook
8.2.4 Key Developments

8.3 Ningxia EPPEN Bioengineering Stock Co., Ltd
8.3.1 Overview
8.3.2 Financial Performance
8.3.3 Product Outlook
8.3.4 Key Developments

8.4 Kyowa Hakko Bio Co., Ltd
8.4.1 Overview
8.4.2 Financial Performance
8.4.3 Product Outlook
8.4.4 Key Developments

8.5 Sichuan Tongsheng Amino Acid Co., Ltd
8.5.1 Overview
8.5.2 Financial Performance
8.5.3 Product Outlook
8.5.4 Key Developments

8.6 Iris Biotech GmbH
8.6.1 Overview
8.6.2 Financial Performance
8.6.3 Product Outlook
8.6.4 Key Developments

8.7 Suzhou Yuanfang Chemical Co. Ltd
8.7.1 Overview
8.7.2 Financial Performance
8.7.3 Product Outlook
8.7.4 Key Developments

8.8 Ajinomoto Co., Inc., Limited
8.8.1 Overview
8.8.2 Financial Performance
8.8.3 Product Outlook
8.8.4 Key Developments

8.9 Akzo Nobel N.V
8.9.1 Overview
8.9.2 Financial Performance
8.9.3 Product Outlook
8.9.4 Key Developments

8.10 Evonik Industries AG
8.10.1 Overview
8.10.2 Financial Performance
8.10.3 Product Outlook
8.10.4 Key Developments

9 Appendix
9.1 Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Glutamic Acid Market

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