NEW YORK, United States, May 25, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Glutamic Acid Market By Application (Animal Feed, Pharmaceuticals, Food & Beverage, And Others), By Function (Plant Growth, NMR Spectroscopy, Nutrient, Flavor Enhancer, Detoxifying Agent, Neurotransmitter, Metabolism, And Others), By Source Type (Plant And Animal-Based), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030” in its research database.
How big is the Glutamic Acid Industry?
“According to the latest research study, the demand of global Glutamic Acid Market size & share in terms of revenue was valued at USD 10 billion in 2022 and it is expected to surpass around USD 16.8 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.5% during the forecast period 2023 to 2030.”
What is Glutamic Acid?
The production of proteins requires a number of different amino acids, including glutamic acid, which is an essential amino acid. The production of glutamic acid requires glucose, coryneform bacteria, and sugarcane molasses as its primary components. The fermentation process includes a number of phases, including centrifugation, fermentation, carbon absorption, crystallization, evaporation, and ion exchange, to generate it. As a result of the extremely high purity and quality of the glutamic acid that can be produced through the use of this technique, it is widely used by manufacturers.
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The highest concentrations of glutamic acid are found in blood plasma, spinal fluid, muscle, and other protein-rich foods such cereals, eggs, soy protein, and meats. Glutamic acid can also be found in small amounts in soy protein. In addition to this, it is necessary for the production of energy in the body, as well as for the immune system, the nervous system, and the digestive system.
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- Introduction, Overview, and in-depth industry analysis are all included in the report
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research Methodology
- Consumer awareness will drive global market growth
The glutamic acid market will expand due to consumer awareness of healthy eating. Healthy eating is popular now. Energy drinks and processed food also boost glutamic acid need. MSG is found in dairy products, noodles, salad dressings, carbohydrate-based snacks, canned veggies, soups, and more. Ready-to-drink beverage consumption in developing countries is rising rapidly, increasing glutamic acid demand. Functional and packaged foods employ it as a healthy flavour enhancer. Its taste and nutrients boost global sales.
- High glutamic acid intake may slow worldwide market growth.
During the projection period, unsupervised glutamic acid usage may harm human health, slowing industry growth. Glutamic acid excessive consumption causes weariness and headaches. It also impairs health, making people feel dull for longer. High glutamic acid consumption causes stroke mortality, slowing worldwide market expansion.
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|Market Size in 2022||USD 10 Billion|
|Projected Market Size in 2030||USD 16.8 Billion|
|CAGR Growth Rate||5.5% CAGR|
|Key Market Players||KYOWA HAKKO BIO CO., Ningxia Yipin Biological Technology Co., Ltd., Global Bio-chem Technology Group Company Limited, Suzhou Yuanfang Chemical Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., Ottokemi, LTD., Sichuan Tongsheng Amino acid Co., Ltd., Evonik Industries AG, Akzo Nobel N.V., and Ajinomoto Co., Inc.|
|Key Segment||By Application, By Function, By Source Type, and By Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
|Purchase Options||Request customized purchase options to meet your research needs. Explore purchase options|
Glutamic Acid Market: Segmentation Analysis
The global glutamic acid market can be segmented into application, function, source type, and region.
By application, the market can be segmented into animal feed, pharmaceuticals, food & beverage, and others. The food and beverage segment accounts for the largest share of the global market due to the growing adoption of glutamic acid in diverse applications in the food and beverage industry.
By source type, the market can be segmented into plant and animal-based. The animal-based segment is the fastest-growing segment in the global glutamic acid market. Animal-based proteins like eggs, dairy products, meat, etc., contain a good amount of glutamic acid. Three widely used fermentable glutamic acids for animal nutrients include L-tryptophan, L-threonine, and L-lysine. Glutamic acid can be found in high quantities in foods derived from plants, such as soy, almonds, grains, and beans. It is well recognized that the body's requirement for protein can be satisfied by eating a diet that is both well balanced and abundant in nutrients.
The global Glutamic Acid market is segmented as follows:
- Animal Feed
- Food & Beverage
- Plant Growth
- NMR Spectroscopy
- Flavor Enhancer
- Detoxifying Agent
- And Others
By Source Type
Browse the full “Glutamic Acid Market By Application (Animal Feed, Pharmaceuticals, Food & Beverage, And Others), By Function (Plant Growth, NMR Spectroscopy, Nutrient, Flavor Enhancer, Detoxifying Agent, Neurotransmitter, Metabolism, And Others), By Source Type (Plant And Animal-Based), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030"-Report at- https://www.zionmarketresearch.com/report/glutamic-acid-market
Some of the main competitors dominating the global Glutamic Acid market include -
- KYOWA HAKKO BIO CO.
- Ningxia Yipin Biological Technology Co. Ltd.
- Global Bio-chem Technology Group Company Limited
- Suzhou Yuanfang Chemical Co. Ltd.
- Hefei TNJ Chemical Industry Co. Ltd.
- Ottokemi LTD.
- Sichuan Tongsheng Amino acid Co. Ltd.
- Evonik Industries AG
- Akzo Nobel N.V.
- Ajinomoto Co. Inc.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Glutamic Acid market is likely to expand at a CAGR of around 5.5% during the forecast period (2023-2030).
- In terms of revenue, the Glutamic Acid market size was valued at around US$ 10 billion in 2022 and is projected to reach US$ 16.8 billion by 2030.
- The growing consumer awareness is likely to boost the glutamic acid market growth.
- Based on the application, the food and beverage segment accounts for the largest share of the global market.
- On the basis of function, the flavor enhancer segment dominates the global market.
- Based on the source type, the animal-based segment is the fastest-growing segment in the market
- On the basis of region, Asia Pacific is expected to dominate the market during the forecast period.
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FREQUENTLY ASKED QUESTIONS
- What is glutamic acid?
- Which key factors will influence the glutamic acid market growth over 2023-2030?
- What will be the value of the glutamic acid market during 2023-2030?
- What will be the CAGR value of the glutamic acid market during 2023-2030?
- Which region will contribute notably towards the glutamic acid market value?
- Which are the major players leveraging the glutamic acid market growth?
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Application, By Function, By Source Type, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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- Asia Pacific is likely to dominate the global market
Asia Pacific is the fastest-growing glutamic acid market due to expansion in end-user sectors including food & beverage, cosmetics, pharmaceuticals, animal feed, and others in emerging nations like India, China, and Japan. Animal feed is also in great demand due to China and India's large livestock populations. The Asia-Pacific's greatest feed-reducing nation is China, producing 187 million metric tons annually. The regional market grows due to the increased demand for local beef, poultry, and pork. The regional market is growing due to Thailand and Vietnam's large-scale cattle farming.
North America's high demand for animal feed and pharmaceuticals is likely to drive growth during the predicted timeframe. Glutamic acid is used in pharmaceuticals for cognitive problems, epilepsy, and other neurological illnesses. Glutamic acid-containing dietary supplements and pharmaceuticals are needed more due to the region's ageing population and rising rates of non-communicable diseases like chronic respiratory diseases, cardiovascular diseases, and cancer.
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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- Ajinomoto, in July 2021, revealed an amino acid supplement to lower the risk of cognitive issues in the aging population, particularly the ones facing memory loss issues. The company backed its research with a clinical study and RCT.
- A German-based company, Evonik, in March 2021, agreed to supply Cassava Sciences clinical-grade quantities for the treatment of Alzheimer's disease. The agreement was to offer products with a similar grade to Cassava Sciences.
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