Monosodium Glutamate (MSG) Market Growth, Trends, and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||906903|
|出版日期||內容資訊||英文 100 Pages
|谷氨酸鈉(MSG)的全球市場:成長率，趨勢及預測分析(2019年∼2024年) Monosodium Glutamate (MSG) Market Growth, Trends, and Forecasts (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 100 Pages||
Global Monosodium Glutamate (MSG) is forecasted to grow at a CAGR of 4.5% during the forecast period (2019-2024).
The global monosodium glutamate (MSG) market is segmented by application as noodles, soups and broth, meat products, seasonings and dressings, and other applications. Other applications of MSG include the addition of MSG in other savory foods such as sauces and savory snacks/meals.
Growing Demand From Developing Countries
China is one of those most prominent producers, MSG produced in China is exported to countries such as India, Thailand, and South Africa among others. With the growing demand of processed foods in developing countries such as India, the import demand for MSG has witnessed a rise, as MSG is used as a flavor enhancer in food items such as soups, canned vegetables, and processed meats. Additionally, with the growing demand for flavor enhancers in the developed regions, countries like the United States and Russia are among the prominent importing countries of MSG from China and Indonesia.
Asia-Pacific Witnessing a Prominent Share in the Global MSG Market
Asia-Pacific holds a prominent market share in the global MSG (monosodium glutamate) market due to its increase in applications of glutamate salts especially in meat and other high protein foods. MSG is added to foods according to the regulations subject to Good Manufacturing Practices and Food Safety and Standards in the Asia-Pacific region. China is one of those most prominent producers, MSG produced in China has been exported to countries like Thailand, Vietnam, Nigeria, Indonesia, South Africa among others. MSG in the United States market must adhere to Food Chemicals Codex Specifications when used in food by itself or in the forms of blends mainly as a flavor enhancer in food applications such as soups, broths, fish, meats, seasonings, vegetable juices, beverages, frozen meats, sauces, and dressings, etc.
The key companies in the MSG market are players such as Ajinomoto Co. Inc., and COFCO, which are expanding into the untapped potential markets in countries such as United States, Russia, Netherlands, etc., by catering to the growing customer demand. These players, along with the other prominent companies are adopting expansion and investment strategies to strengthen and increase their consumer base. The major strategies adopted by the companies in the global MSG market are expansions, acquisitions, and partnerships.