Monosodium Glutamate (MSG) Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)


Posted June 4, 2024 by mansi3210

Global monosodium glutamate (MSG) market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031).

 
Global monosodium glutamate (MSG) market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031). The rising demand for MSG in developing nations owing to the shifting consumer tastes and lifestyles is a key factor driving the global market. Novel product formulations, such organic MSG and low-sodium substitutes, provide opportunities for market distinctiveness and cater to a wide range of consumer demands. Additionally, MSG producers have a chance to meet consumer expectations by investing in environmentally responsible production practices and sustainable sourcing due to the shift toward natural and clean label products.

In March 2023, new study found out that consumer sentiment toward monosodium glutamate (msg) is shifting positively as a recent report published by the World Health Organization. Consumers now view monosodium glutamate (MSG) positively as MSG is a valuable tool for creating foods that can meet sodium reduction needs, while still tasting delicious. This is considered as the major market driver for purchasing decisions.

To cater the growing demand for MSG product, in January 2023, Ajinomoto India plans to expand its market presence in the northern and western regions in India by expanding sales network. Currently, Ajinomoto products are sold in the southern states such as Tamil Nadu, Andhra Pradesh, Kerala and in the north-eastern regions, where average consumption of noodles is high and now the company has planned to expand market presence in parts of North and West India.

To Request a Sample of our Report on Monosodium Glutamate (MSG) Market:  https://www.omrglobal.com/request-sample/monosodium-glutamate-msg-market

Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Application
By Sales Channel
By End-user

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Ajinomoto Co. Inc., Ningxia Eppen Biotech Co. Ltd., Kyowa Kirin Co. Ltd., Linghua Group Ltd., Kerry Group plc. and Fufeng Group, among others.

Monosodium Glutamate (MSG) Market Report Segment

By Application

Preservatives
Additives
Acidity Regulators
Flavour Enhancers

By Sales Channel

B2B
B2C (Supermarket and Online Stores)

By End-user

Food Processing and Service Industry
Cosmetics Industry
Livestock and Pet Food Industry
Others (Retail sector)

A full Report of Monosodium Glutamate (MSG) Market is Available @ https://www.omrglobal.com/industry-reports/monosodium-glutamate-msg-market

Monosodium Glutamate (MSG) Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Arshine Pharmaceutical Co.
Foodchem International Corp.
Fufeng Group
Global Bio-Chem Technology Group Company Ltd.
Great American Spice Company
Kerry Group plc.
Linghua Group Ltd.
Meihua Holdings Group Co. Ltd.
Prinova Group LLC.
Puramate
Sunrise Nutrachem Group Co. Ltd.
Tate & Lyle
Vedan International (Holdings) Ltd.

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Issued By Mansi
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Country India
Categories Business , Food , Industry
Last Updated June 4, 2024