Monosodium Glutamate (MSG) Market to Grow at a Significant Rate Due to Wide Ranges of Applications
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Monosodium Glutamate Market |
Monosodium
glutamate is a flavour enhancer widely used in the food industry owing to its
ability to enhance the meaty and savory tastes of food. It is commonly known as
MSG and is mainly used as a flavoring and preservative in Chinese, Japanese and
Southeast Asian cuisines as well as in processed and prepared foods.
The Global
Monosodium Glutamate Market Demand is estimated to be valued at US$
6.81 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast
period 2024 to 2030.
Monosodium glutamate (MSG) is commonly used as a flavor enhancer in various
food products such as snacks, soups and sauces to enhance the savory taste
without significantly altering the overall flavor of the food. With the
changing consumer preferences towards convenience and processed foods, the
demand for MSG has increased significantly over the years. MSG is used as a
preservative to prolong the shelf life of various meat and seafood products.
Additionally, MSG is considered safe for consumption by numerous health
organizations and its use has expanded to restaurants and food companies
globally.
Key Takeaways
Key players operating in the Monosodium Glutamate market are Thermo Fisher
Scientific, Merck KGaA, Takara Bio, Agilent Technologies, Oxford Expression
Technologies, Promega Corporation, Qiagen N.V., Bio-Rad Laboratories, New
England Biolabs, Genscript Biotech Corporation, Syngene International Limited,
Sartorius AG, Aragen Bioscience, Vivopure, Creative Biogene, Absolute Antibody,
Rockland Immunochemicals, Protein Technologies Inc., Proteogenix, Virovek. The
MSG market offers ample opportunities for players involved in the manufacturing
of food-grade MSG. There is a rising demand for MSG especially from Asia
Pacific countries owing to increased consumption of Chinese cuisine globally.
Key players are expanding their business operations in emerging markets through
strategic partnerships and acquisitions to leverage market growth
opportunities.
The growing demand for convenience foods, snacking products and increasing
popularity of Asian cuisines globally are major market growth drivers. Rapid
urbanization and changing lifestyles have increased the demand for processed
food products requiring flavor enhancers like MSG. Additionally, innovations in
production technologies have increased MSG yields allowing manufacturers to
meet the surging global demand. However, negative perception regarding the side
effects of MSG consumption and availability of alternative flavors are some of
the factors restraining the market growth.
Market Drivers
The rise in global population coupled with increased disposable income levels
especially in developing regions is fueling the demand for processed and
convenience foods. This acts as a major growth driver for the MSG market.
Additionally, increasing number of fast food joints, restaurants and cafes are
major consumers of MSG for enhancing the flavors in diverse cuisines. Growing
urbanization has further accelerated the demand for processed foods
incorporating MSG.
Market Restraints
A major challenge faced by MSG manufacturers is the negative perception
regarding its side effects on health if consumed in large quantities. There is
a perception that MSG can potentially cause headaches, weakness and other
allergic reactions in sensitive individuals. This perception has led consumers
to switch to alternative flavor enhancers. Further, the availability of other
naturally sourced flavors is also restricting the overall MSG market growth.
Segment Analysis
The monosodium glutamate market is dominated by the food and beverage sub
segment. Monosodium glutamate or MSG is widely used as a flavor enhancer in
foods like soups, sauces, seasonings etc. It accentuates the savory umami taste
and enhances the meaty flavor of foods. This makes MSG very popular as a food
additive in the food processing industry. It finds extensive application in
instant noodles, soups, sauces, snacks etc. The increasing demand for processed
and packaged food items is driving the consumption of monosodium glutamate.
Global Analysis
The Asia Pacific region dominates the global monosodium glutamate market
currently. Countries like China, Japan, South Korea and Southeast Asian nations
are major consumers of MSG. Traditional Asian cuisines extensively use MSG as a
cooking ingredient to enhance the foods flavors. The growing popularity of
pan-Asian cuisines in the world has also propelled the demand for MSG. North
America and Europe are other major markets for monosodium glutamate. Rising
health consciousness among consumers in western countries is pushing the food
processing industry to reduce the sodium content in foods. This has led to
increasing adoption of MSG which provides the same savory taste with lower
sodium levels compared to table salt.
For more insights, Read- Monosodium
Glutamate Market
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