Monosodium Glutamate (MSG) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1662
Global Monosodium Glutamate (MSG) Market Size is poised to grow with a lucrative CAGR in the coming years. The product is available in abundance as it is a naturally occurring non-essential amino acid found in cheese and tomatoes.
MSG market is driven largely by the food processing industry. Demand for processed food has gained huge importance since the past few decades attributable to the changing lifestyles of people, hectic work schedules, shift in the taste and preferences and increasing purchase power. These factors are driving the fast and processed food industry on a large extent. The global food processing industry revenue accounted for over USD 2.5 trillion in 2016 and is likely to grow with a decent CAGR. Prominent players such as Kraft Foods and Nestle are increasing their brand awareness by investing hugely in promotions to uphold product differentiation. These factors are propelling the global MSG market demand to new heights.
Another major driver for of the MSG market is the pharmaceutical industry, which is one of the most essential and widely growing industry in today’s world with a global revenue of over USD 1 trillion in 2016. Increasing number of diseases, outbreak of epidemics and technological advancements are diving the global pharmaceutical industry hugely. Changing lifestyles and work life imbalance are giving birth to different lifestyle related diseases. Unhealthy eating habits and lesser consumption of nutritional food is also leading to health issues and obesity. This, in turn is fueling the pharmaceutical products demand for curing these diseases. These factors are boosting the global MSG market demand extensively.
Though United States Food & Drug Administration (FDA) has recognized MSG as safe, it received reports stating, consumption of the product to an excess of 3 grams without food may lead to side effects such as headache, drowsiness, palpitations, chest pain, nausea, tingling, flushing and numbness to sensitive individuals. These strict regulatory factors may cause a decline in the global MSG market demand.
Based on application, the global MSG market can be segmented into flavor enhancer, preservative, and acidity regulator. The product finds its use as a flavor enhancer in processed meats & soups, canned vegetables, and other food products. The product also finds its use as a preservative to prevent undesirable chemical changes and microbial growth. It does not have a flavor of its own but helps to intensify the natural flavor of food which is “Umami”; neither sweet, bitter, salty or sour.
According to the end-user industries, the global MSG market is bifurcated into food processing, pharmaceutical, cosmetic, and livestock industry. In the food processing industry, the product finds its wide use as a food additive and flavor enhancer in places such as cannery, meat packing plants, fish processing, slaughterhouses, food packaging plants, sugar industry and industrial renderings. Apart from food, it is also used as a flavor enhancer in beverages such as soy sauce to enhance flavor. In the cosmetic industry, the product finds its use as a surfactant in facial creams to enhance the cleansing effect. In the livestock industry, the product is added to animal feed to promote flavors and improve animal growth.
Considering geography, Asia Pacific is a significant producer and consumer of the global MSG market. China and Japan are the leading producers & consumers in this region followed by India & other Southeast Asian countries. Asia Pacific region is followed by North America considering the consumption in the United States and substantial MSG market demand owing to expansions in the food manufacturing and processing industry. Europe also displays a steady growth in the regional MSG market owing to substantial development in the food processing and cosmetic industry. Latin America and Middle East & Africa are said to show positive growth in the global MSG market in the forecast period owing to increasing expansions of cosmetic, food and pharmaceutical industries in these regions.
Prominent players operating in the global MSG market include Ajinomoto, B&G Foods Inc, Vedan International, Fufeng Group, The Tien Chu (Hong Kong) Company Limited, Sunrise Nutrachem Group, Eppens.Cn, Meihua Holdings Group, Global Bio-Chem Technology Group Company Limited, R. M. Chemicals, and Triveni chemicals.
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