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.
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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)
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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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