Monosodium Glutamate (MSG) Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.14 Billion |
| Market Size (2029) | USD 7.47 Billion |
| CAGR (2024 - 2029) | 4.01 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Monosodium Glutamate (MSG) Market Analysis
The Monosodium Glutamate Market size is estimated at USD 6.14 billion in 2024, and is expected to reach USD 7.47 billion by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).
The monosodium glutamate (MSG) market is expanding significantly due to the food industry's growing need for flavor enhancers. Moreover, consumer preference for convenient and processed foods is propelling the expansion of the monosodium glutamate market. As busy lifestyles and changing dietary habits lead to increased consumption of packaged and restaurant foods, the demand for flavor enhancers like monosodium glutamate remains strong.
The growing popularity of Asian food and the need for salt substitutes is transforming the global culinary scene. Thereby, MSG supply in Western countries has increased due to glutamate salt consumption, particularly in meat and other protein-rich goods.
Monosodium Glutamate (MSG) Market Trends
Increase in Meat Consumption Drives the Monosodium Glutamate Market
MSG consumption has increased due to the widespread usage of MSG in meat products. The increase in meat consumption drives the monosodium glutamate market. There has been a change in consumer preference regarding meat consumption in developed and developing countries. For instance, according to the Food and Agriculture Organization of the United Nations (FAO), global meat consumption increased by 1.7% in 2022 compared to 2021.
Monosodium glutamate is primarily used as a flavor enhancer. It provides umami, one of the five basic tastes, which enhances the savory flavor of meat products. Processed meats such as hot dogs, lunch meats, beef jerky, sausages, smoked meats, pepperoni, and meat snack sticks often contain monosodium glutamate. In addition to processed meats, MSG is often found in prepared foods that contain meat, such as soups, stews, frozen meals, and snack foods. It helps to intensify the meat flavors in these dishes. Key players are striving to enter into the potential prospects of the food sector to foster innovation, adapt to quality measures, and boost usability to create such processed meats and related opportunities.
Asia-Pacific Holds a Prominent Market Share
Asia-Pacific is the most profitable region for the MSG market due to extensive urbanization, a rise in foreign investments, and a growing desire for processed food and beverages among the millennial population. The expansion of the processed food industry in Asia-Pacific resulted in a significant boost in revenue for monosodium glutamate. This could be primarily attributed to shifts in lifestyle and dietary preferences, along with an increase in disposable income. Additionally, busy lifestyles and an increase in the number of working women are contributing to the rise in the consumption of processed food, which supports the market expansion.
China is a major producer of MSG, which is supplied to countries such as India, Thailand, and Indonesia. Its import demand has increased due to the growing demand for processed foods in developing nations such as India. The need for flavor enhancers is growing in developed countries, such as the United States and Russia, which are among the top importers of MSG from China and Indonesia. As the import and export percentages are low, all worldwide manufacturers are committed to growing their businesses and upgrading their businesses to capture more market shares. International corporations, such as Ajinomoto, have established plants in China.
Monosodium Glutamate (MSG) Industry Overview
The market for Monosodium Glutamate is fragmented. Major Players in the Monosodium Glutamate Market include Ajinomoto Co. Inc., COFCO, Ningxia Eppen Biotech Co. Ltd, Fufeng Group, and Cargill Incorporated. These companies are strategically growing their presence in key markets such as the United States, Russia, the Netherlands, and various other countries to meet the increasing demands of consumers. These corporations are implementing expansion and investment plans to improve and expand their consumer base.
Monosodium Glutamate (MSG) Market Leaders
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Ningxia Eppen Biotech Co., Ltd
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Fufeng Group
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Meihua Holdings Group Co., Ltd
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Gremount International Co.,Ltd
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Cargill Inc.
*Disclaimer: Major Players sorted in no particular order
Monosodium Glutamate (MSG) Market News
- February 2024: Ajinomoto Co. Inc. has expanded its corporate venture capital (CVC) arm with a new United States headquarters to grow its investments in the United States and global companies. The company is known for its monosodium glutamate, and it owns a cosmetic brand, Jino, and is active in medical and electronic material fields.
- October 2023: Ningxia Eppen Biotech Co. Ltd invested USD 600 million in Amino acid production in Brazil. The primary goal of this project is to achieve an annual production of approximately 350 thousand tons of different amino acids including MSG, as well as by-products totaling about 200 thousand tonnes. This initiative is expected to create around a thousand job opportunities.
- December 2022: Through its subsidiary, Fufeng Group purchased a 370-acre site in Grand Forks to build a USD 700 million wet corn milling facility where Fufeng Group intends to extract high-valued amino acids, which are essential ingredients in animal nutrition feed formulations.
Monosodium Glutamate (MSG) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 The Increase in Consumption of Packaged Food
- 4.1.2 Rising Demand For Fast Food Chains
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4.2 Market Restraints
- 4.2.1 High Consumption Health Concerns
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4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products and Services
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Noodles, Soups and Broth
- 5.1.2 Meat Products
- 5.1.3 Seasonings and Dressings
- 5.1.4 Other Applications
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.1.4 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 United Kingdom
- 5.2.2.3 France
- 5.2.2.4 Russia
- 5.2.2.5 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 Australia
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 South Africa
- 5.2.5.2 United Arab Emirates
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Ajinomoto Co. Inc
- 6.3.2 COFCO
- 6.3.3 Ningxia Eppen Biotech Co. Ltd
- 6.3.4 Fufeng Group
- 6.3.5 Meihua Holdings Group Co. Ltd
- 6.3.6 Gremount International Company Limited
- 6.3.7 Cargill Incorporated
- 6.3.8 Shandong Qilu Biotechnology Group Co.
- 6.3.9 Henan Lotus Flower Gourmet Powder Co.
- 6.3.10 Shandong Xinle Monosodium Glutamate Limited Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Monosodium Glutamate (MSG) Industry Segmentation
Monosodium glutamate (MSG) is a flavor enhancer often added to restaurant foods, canned vegetables, soups, deli meats, and other foods.
The global monosodium glutamate (MSG) market is segmented by application into noodles, soups and broth, meat products, seasonings and dressings, and other applications. Other MSG applications include other savory foods such as sauces and snacks/meals. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts were made based on value (USD).
| By Application | Noodles, Soups and Broth | |
| Meat Products | ||
| Seasonings and Dressings | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle-East and Africa |
Monosodium Glutamate (MSG) Market Research FAQs
How big is the Monosodium Glutamate Market?
The Monosodium Glutamate Market size is expected to reach USD 6.14 billion in 2024 and grow at a CAGR of 4.01% to reach USD 7.47 billion by 2029.
What is the current Monosodium Glutamate Market size?
In 2024, the Monosodium Glutamate Market size is expected to reach USD 6.14 billion.
Who are the key players in Monosodium Glutamate Market?
Ningxia Eppen Biotech Co., Ltd, Fufeng Group, Meihua Holdings Group Co., Ltd, Gremount International Co.,Ltd and Cargill Inc. are the major companies operating in the Monosodium Glutamate Market.
Which is the fastest growing region in Monosodium Glutamate Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Monosodium Glutamate Market?
In 2024, the Asia-Pacific accounts for the largest market share in Monosodium Glutamate Market.
What years does this Monosodium Glutamate Market cover, and what was the market size in 2023?
In 2023, the Monosodium Glutamate Market size was estimated at USD 5.89 billion. The report covers the Monosodium Glutamate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Monosodium Glutamate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Monosodium Glutamate Industry Report
Statistics for the 2024 Monosodium Glutamate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Monosodium Glutamate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
