Global Glutamic Acid Market Size, Share, Trends, Industry Growth by Application (Food & Beverages, Pharmaceuticals, Animal Feed, Others), by Region, and Forecast to 2028 Report ID: RC1104 | Report Format: PDF + Excel | Last Updated: June 26th, 2023

The global glutamic acid market is expected to experience a significant CAGR of 7.5% during the forecast period and estimated to reach over USD 15 billion by 2028. The increasing demand for food additives and food enhancers in the food & beverage industry is one of the prominent factor driving the market growth. Furthermore, the increasing demand for animal feed is further expected to fuel the market growth over the forecast period. Moreover, the rising awareness regarding healthy food is expected to increase the demand for glutamic acid in pharmaceuticals and the food & beverage industry, which is further expected to drive the market growth in the next upcoming years.

Market Drivers:

Growing Food and Beverage Industry: Glutamic acid is widely used as a flavor enhancer in the food and beverage industry. The increasing demand for processed and convenience foods, as well as the rising consumer preference for umami taste, drive the demand for glutamic acid. It is a key ingredient in popular food products such as sauces, soups, snacks, and seasonings.

Expansion of the Pharmaceutical Industry: Glutamic acid plays a crucial role in pharmaceutical applications, such as the production of drugs, vitamins, and supplements. The growth of the pharmaceutical industry, driven by factors like population growth, increasing healthcare expenditure, and advancements in drug development, contributes to the demand for glutamic acid.

Growing Animal Feed Industry: Glutamic acid is used as a feed additive in animal nutrition to enhance the palatability and nutritional value of animal feed. The expanding animal feed industry, driven by the increasing demand for meat and dairy products, stimulates the demand for glutamic acid as a feed ingredient.

Increasing Demand for Bio-based Products: Glutamic acid can be produced through fermentation using renewable feedstocks, making it a bio-based product. With the growing focus on sustainability and reducing dependence on fossil fuels, the demand for bio-based glutamic acid is increasing in various industries, including food, pharmaceuticals, and personal care.

Technological Advancements in Production Processes: Continuous advancements in production processes, such as microbial fermentation and biotechnology, have led to improved efficiency and cost-effectiveness in glutamic acid production. These technological advancements make glutamic acid more accessible and affordable, driving its market growth.

Rising Demand for Personal Care Products: Glutamic acid is utilized in the production of personal care products, including skincare, haircare, and cosmetics. It acts as a moisturizer, pH regulator, and amino acid derivative in these products. The increasing demand for personal care products, driven by factors like changing lifestyles and rising beauty consciousness, contributes to the growth of the glutamic acid market.

Expansion in Asian Markets: The glutamic acid market is witnessing significant growth in Asian countries, particularly in China, Japan, and South Korea. These countries have a strong presence in the food, pharmaceutical, and animal feed industries, which are major consumers of glutamic acid. The growth of these industries in Asia drives the demand for glutamic acid in the region.

Health and Wellness Trends: Increasing consumer awareness of health and wellness is driving the demand for products with natural and functional ingredients. Glutamic acid, as an amino acid, is associated with various health benefits, such as enhancing brain function and supporting muscle growth. The health and wellness trends influence the demand for glutamic acid in dietary supplements and functional foods.

Research and Development Activities: Ongoing research and development activities in the field of glutamic acid applications and production processes contribute to market growth. New applications and improved production techniques can expand the market potential of glutamic acid, creating new opportunities for manufacturers and driving market demand.

Market Snapshot:

Benchmark Year 2022
Market Size > USD 15 Billion by 2028
Market Growth (CAGR) 7.5% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Ajinomoto Co., Inc., Evonik Industries AG, Akzo Nobel N.V., KYOWA HAKKO BIO CO., LTD., and Sichuan Tongsheng Amino acid Co., Ltd.

Market Insights:

The global glutamic acid market is bifurcated into application and geography. On the basis of application, the market is further segmented into food & beverages, pharmaceuticals, animal feed, and others. The food & beverage segment dominated the global market in 2021 and expected to hold the largest revenue share of over three-fourth of the market by the end of the analysis period. The growing use of glutamic acid in the food & beverage industry as a food enhancer is a major factor to drive the segment growth. Furthermore, the increasing demand for the monosodium glutamate in various products such as soups, salad, processed meat, canned vegetable, and dairy product is expected to fuel the segment growth over the forecast period.

Glutamic Acid Market Size

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The glutamic acid comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinions obtained from interviews with industry executives and experts from prominent companies.

The glutamic acid market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Market Segmentation:

By Application:

  • Food & Beverages
  • Pharmaceuticals
  • Animal Feed
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, the Asia Pacific dominated the global glutamic acid market in 2021 and is expected to hold the largest revenue share of over half of the market by the end of the analysis period. The increasing expansion of the various end-use industries such as pharmaceuticals, animal feed, cosmetics, and personal care is a major factor to drive the market growth in the region.  Furthermore, the increasing demand for animal feed in developing economies such as China and India is expected to fuel the market growth due to the growing livestock population in the region. On the flip side, North America is estimated to grow at a significant growth rate due to the growing demand for glutamic acid in the pharmaceutical and animal feed industry.

Competitive Assessment:

Some of the major market players operating in the global glutamic acid market are Ajinomoto Co., Inc., Evonik Industries AG, Akzo Nobel N.V., KYOWA HAKKO BIO CO., LTD., and Sichuan Tongsheng Amino acid Co., Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Ajinomoto Co., Inc.
  • Evonik Industries AG
  • Akzo Nobel N.V.
  • KYOWA HAKKO BIO CO., LTD.
  • Sichuan Tongsheng Amino acid Co., Ltd.
  • Hefei TNJ Chemical Industry Co., Ltd.
  • Ottokemi
  • Global Bio-chem Technology Group Company Limited
  • Suzhou Yuanfang Chemical Co., Ltd.
  • Ningxia Yipin Biological Technology Co., Ltd.

Key Questions Answered by Glutamic Acid Market Report

  • Global glutamic acid market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Glutamic acid submarket forecasts from 2022-2028 covering the market by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level glutamic acid markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Glutamic Acid Market Portraiture
2.2. Global Glutamic Acid Market, by Application, 2021 (USD Mn)
2.3. Global Glutamic Acid Market, by Geography, 2021 (USD Mn)

 

3. Global Glutamic Acid Market Analysis


3.1. Glutamic Acid Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Glutamic Acid Market By Application, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Food & Beverages
4.3. Pharmaceuticals
4.4. Animal Feed
4.5. Others

 

5. North America Glutamic Acid Market Analysis and Forecast, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. North America Glutamic Acid Market by Application (2019-2028 USD Mn)
5.3. North America Glutamic Acid Market by Country (2019-2028 USD Mn)
5.3.1. U.S.
5.3.1.1. U.S. Glutamic Acid Market by Application (2019-2028 USD Mn)
5.3.2. Canada
5.3.2.1. Canada Glutamic Acid Market by Application (2019-2028 USD Mn)

 

6. Europe Glutamic Acid Market Analysis and Forecast, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Europe Glutamic Acid Market by Application (2019-2028 USD Mn)
6.3. Europe Glutamic Acid Market by Country (2019-2028 USD Mn)
6.3.1. Germany
6.3.1.1. Germany Glutamic Acid Market by Application (2019-2028 USD Mn)
6.3.2. U.K.
6.3.2.1. U.K. Glutamic Acid Market by Application (2019-2028 USD Mn)
6.3.3. France
6.3.3.1. France Glutamic Acid Market by Application (2019-2028 USD Mn)
6.3.4. Italy
6.3.4.1. Italy Glutamic Acid Market by Application (2019-2028 USD Mn)
6.3.5. Rest of Europe
6.3.5.1. Rest of Europe Glutamic Acid Market by Application (2019-2028 USD Mn)

 

7. Asia Pacific Glutamic Acid Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Asia Pacific Glutamic Acid Market by Application (2019-2028 USD Mn)
7.3. Asia Pacific Glutamic Acid Market by Country (2019-2028 USD Mn)
7.3.1. China
7.3.1.1. China Glutamic Acid Market by Application (2019-2028 USD Mn)
7.3.2. Japan
7.3.2.1. Japan Glutamic Acid Market by Application (2019-2028 USD Mn)
7.3.3. Rest of Asia Pacific
7.3.3.1. Rest of Asia Pacific Glutamic Acid Market by Application (2019-2028 USD Mn)

 

8. Latin America (LATAM) Glutamic Acid Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Latin America Glutamic Acid Market by Application (2019-2028 USD Mn)
8.3. Latin America Glutamic Acid Market by Country (2019-2028 USD Mn)
8.3.1. Brazil
8.3.1.1. Brazil Glutamic Acid Market by Application (2019-2028 USD Mn)
8.3.2. Mexico
8.3.2.1. Mexico Glutamic Acid Market by Application (2019-2028 USD Mn)
8.3.3. Rest of Latin America
8.3.3.1. Rest of Latin America Glutamic Acid Market by Application (2019-2028 USD Mn)

 

9. Middle East and Africa Glutamic Acid Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. MEA Glutamic Acid Market by Application (2019-2028 USD Mn)
9.3. Middle East and Africa Glutamic Acid Market, by Country (2019-2028 USD Mn)
9.3.1. GCC
9.3.1.1. GCC Glutamic Acid Market by Application (2019-2028 USD Mn)
9.3.2. South Africa
9.3.2.1. South Africa Glutamic Acid Market by Application (2019-2028 USD Mn)
9.3.3. Rest of MEA
9.3.3.1. Rest of MEA Glutamic Acid Market by Application (2019-2028 USD Mn)

 

10. Company Profiles


10.1. Ajinomoto Co., Inc.
10.1.1. Business Description
10.1.2. Financial Health and Budget Allocation
10.1.3. Product Positions/Portfolio
10.1.4. Recent Development
10.1.5. SWOT Analysis
10.2. Evonik Industries AG
10.2.1. Business Description
10.2.2. Financial Health and Budget Allocation
10.2.3. Product Positions/Portfolio
10.2.4. Recent Development
10.2.5. SWOT Analysis
10.3. Akzo Nobel N.V.
10.3.1. Business Description
10.3.2. Financial Health and Budget Allocation
10.3.3. Product Positions/Portfolio
10.3.4. Recent Development
10.3.5. SWOT Analysis
10.4. KYOWA HAKKO BIO CO., LTD.
10.4.1. Business Description
10.4.2. Financial Health and Budget Allocation
10.4.3. Product Positions/Portfolio
10.4.4. Recent Development
10.4.5. SWOT Analysis
10.5. Sichuan Tongsheng Amino acid Co., Ltd.
10.5.1. Business Description
10.5.2. Financial Health and Budget Allocation
10.5.3. Product Positions/Portfolio
10.5.4. Recent Development
10.5.5. SWOT Analysis
10.6. Hefei TNJ Chemical Industry Co., Ltd.
10.6.1. Business Description
10.6.2. Financial Health and Budget Allocation
10.6.3. Product Positions/Portfolio
10.6.4. Recent Development
10.6.5. SWOT Analysis
10.7. Ottokemi
10.7.1. Business Description
10.7.2. Financial Health and Budget Allocation
10.7.3. Product Positions/Portfolio
10.7.4. Recent Development
10.7.5. SWOT Analysis
10.8. Global Bio-chem Technology Group Company Limited
10.8.1. Business Description
10.8.2. Financial Health and Budget Allocation
10.8.3. Product Positions/Portfolio
10.8.4. Recent Development
10.8.5. SWOT Analysis
10.9. Suzhou Yuanfang Chemical Co., Ltd.
10.9.1. Business Description
10.9.2. Financial Health and Budget Allocation
10.9.3. Product Positions/Portfolio
10.9.4. Recent Development
10.9.5. SWOT Analysis
10.10. Ningxia Yipin Biological Technology Co., Ltd.
10.10.1. Business Description
10.10.2. Financial Health and Budget Allocation
10.10.3. Product Positions/Portfolio
10.10.4. Recent Development
10.10.5. SWOT Analysis
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