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
Global Glutamic Acid Market Size By Application, By Competitive Landscape, By Geographic Scope And Forecast
Report ID: 59063|No. of Pages: 202
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
Numerous aspects of glutamic acid’s applications, technological developments, and market dynamics are among the market drivers. The main motivators are as follows:
Several factors can act as restraints or challenges for the Glutamic Acid Market. These may include:
The Global Glutamic Acid Market is Segmented on the Basis of Application And Geography.
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.
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.
The major players in the Glutamic Acid Market are:
REPORT ATTRIBUTES | DETAILS |
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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 |
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CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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.
• 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
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
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
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