Market Size of Monosodium Glutamate (MSG) Industry
| 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) 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).
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| Noodles, Soups and Broth | |
| Meat Products | |
| Seasonings and Dressings | |
| Other Applications |
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Monosodium Glutamate (MSG) Market Size Summary
The monosodium glutamate market is poised for steady growth over the forecast period, driven by the increasing demand for processed and convenience foods. The establishment of fast food outlets and the rising popularity of fast food chains are significant contributors to this growth, as they cater to the evolving lifestyles and taste preferences of consumers, particularly the younger generation. The market is also benefiting from the growing interest in Asian cuisine and the demand for salt substitutes, which has led to an increased supply of MSG in Western countries. This trend is further supported by the widespread use of MSG in processed food manufacturing, as consumers seek quick and easy meal solutions. The COVID-19 pandemic, while initially challenging, has not deterred the market's growth, as the demand for processed foods remained robust, ensuring a consistent supply of MSG.
China remains a dominant player in the monosodium glutamate market, supplying significant quantities to countries like India, Thailand, and Indonesia, where the demand for processed foods is on the rise. Developed nations such as the United States and Russia are also major importers of MSG, reflecting the growing need for flavor enhancers. Key industry players, including Ajinomoto and COFCO, are actively expanding their presence in emerging markets and investing in new opportunities to meet rising consumer demands. These companies are employing strategies such as expansions, acquisitions, and collaborations to enhance their market share and customer base. The market's growth trajectory is supported by the ongoing innovation and adaptation to quality measures, as manufacturers strive to meet the evolving needs of consumers in the global food sector.
Monosodium Glutamate (MSG) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 The Increase in Consumption of Packaged Food
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1.1.2 Rising Demand For Fast Food Chains
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1.2 Market Restraints
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1.2.1 High Consumption Health Concerns
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products and Services
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1.3.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Noodles, Soups and Broth
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2.1.2 Meat Products
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2.1.3 Seasonings and Dressings
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2.1.4 Other Applications
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Russia
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2.2.2.5 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 South Africa
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2.2.5.2 United Arab Emirates
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2.2.5.3 Rest of Middle-East and Africa
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Monosodium Glutamate (MSG) Market Size 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.
