The latest market report published by Credence Research, Inc. “Global Monosodium Glutamate (MSG) Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global monosodium glutamate (MSG) market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 8.80% between 2023 and 2030. The market was valued at USD 4.5 billion in 2022 and is expected to reach USD 8.121 billion in 2030.
The global monosodium glutamate (MSG) market is segmented by end-user, application, sales channel, and region. The food processing industry is the most popular end-user segment, while the pharmaceutical industry is another significant segment. The additives category is the largest growing application segment. Online channels are the most commonly used sales channels, with Asia Pacific leading the market growth.
The major drivers of the global monosodium glutamate (MSG) market are the increasing popularity of fast food and processed foods and the use of fermentation in MSG production. The major challenges faced by the market are health concerns associated with MSG consumption. The market offers growth opportunities such as the demand for healthy substitutes and the focus on improving the nutritional value of bakery products.
France Monosodium Glutamate (MSG) Market Major Challenges: In the ever-evolving landscape of the France Monosodium Glutamate (MSG) market, several significant challenges have emerged, demanding the attention and strategic planning of industry players. Firstly, one major hurdle faced by manufacturers is the growing consumer awareness about potential health risks associated with MSG consumption. This heightened consciousness has led to a shift in dietary preferences towards healthier alternatives, thereby posing a threat to MSG’s demand. Secondly, stringent regulations imposed by food safety authorities have further complicated matters for producers. Compliance with labeling requirements and ensuring accurate information disclosure can be arduous and time-consuming tasks that may hinder business operations.
The market is highly competitive, with key players including Ajinomoto Co. Inc, COFCO, Ningxia Eppen Biotech Co. Ltd, Fufeng Group, Meihua Holdings Group Co. Ltd, Gremount International Company Limited, Cargill Incorporated, Shandong Qilu Biotechnology Group Co., Henan Lotus Flower Gourmet Powder Co., and Shandong Xinle Monosodium Glutamate Limited Company.
The future outlook for the global monosodium glutamate (MSG) market is positive, with significant growth potential in the Asia Pacific region. The growing popularity of the fast food industry and the demand for healthy substitutes are expected to drive market growth.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Monosodium Glutamate (MSG) Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Monosodium Glutamate (MSG) Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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