Market Overview

The Global Monosodium Glutamate (MSG) Market was valued at USD 6,055.4 million in 2023 and is expected to reach USD 8,351.2 million by 2031 while growing at a CAGR of 4.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global monosodium glutamate (MSG) market growth. Monosodium Glutamate, or MSG, is the sodium salt of the naturally occurring amino acid glutamic acid. Utilized as a flavor enhancer in various food products to enhance taste, MSG is produced through the fermentation of starches, sugar beets, sugar cane, or molasses.

Increasing demand for processed and convenience foods, coupled with rising global population and urbanization, is propelling the growth of the monosodium glutamate (MSG) market. However, obstacles such as health concerns, public perception, and stringent regulations and labeling requirements may impede market expansion.

Furthermore, the global monosodium glutamate (MSG) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Monosodium Glutamate (MSG) Market is segmented among Noodles, Soups and Broth, Meat Products, Seasonings and Dressings, and Other Applications, based on Application. In 2023, Noodles, Soups and Broth accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Monosodium Glutamate (MSG) Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are 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.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Monosodium Glutamate (MSG) Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Monosodium Glutamate (MSG) Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Monosodium Glutamate (MSG) Market Segmentation, By Application

• Global Monosodium Glutamate (MSG) Market Share Analysis, By Application

• Global Monosodium Glutamate (MSG) Market Growth Analysis, By Application

• Global Monosodium Glutamate (MSG) Market Trends, By Application

o Noodles

o Soups and Broth

o Meat Products

o Seasonings and Dressings

o Other Applications

6. Global Monosodium Glutamate (MSG) Market Segmentation, By Region

• Global Monosodium Glutamate (MSG) Market Share Analysis, By Region

• Global Monosodium Glutamate (MSG) Market Growth Analysis, By Region

• Global Monosodium Glutamate (MSG) Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Ajinomoto Co. Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• 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.

• Shandong Xinle Monosodium Glutamate Limited Company  

 *Similar analysis will be provided for each company listed above.