The global glutamic acid market size is expected to reach USD 20.46 billion by 2030. It is expected to grow at a CAGR of 8.6% from 2025 to 2030. Glutamic acid is widely used in dietary supplements owing to its ability to build protein building blocks and help to detoxify the body. The market is projected to witness significant growth over the forecast period owing to the increasing global demand for animal feed, coupled with the surging use of food additives and food enhancers in the industry.
The prices of glutamic acid vary as per grade. Strong demand for the product in the animal feed and food and beverage industries has increased the price of glutamic acid. Moreover, disturbance caused by the COVID-19 pandemic in the raw material supply chain is another factor behind the increasing prices of glutamic acid. In the year 2019, Evonik Industries AG has increased the prices of its glutamic acid products at the global level by 15% due to the escalating cost of required raw materials.
Manufacturers compete based on distribution channels and strive to expand their market reach to increase their market share and bolster the annual revenue. The companies also compete on the basis of profit margins due to their high dependence on the distribution network for sales, thus leading to high entry barriers for the market. Glutamic acid manufacturers focus on improving their products and enhancing their manufacturing capabilities to distinguish their products from the products of other manufacturers in the industry and enhance their market share.
In 2020, Asia Pacific accounted for the largest revenue share of over 50.0%. The market growth is credited to the increasing purchasing power of the consumers, the growing adoption of a healthy lifestyle, and the expansion of the end-use industries, such as animal feed, pharmaceutical, cosmetics and personal care, and food and beverage. The demand for animal feed in countries such as India and China is projected to grow due to the presence of an abundant livestock population.
The prices of glutamic acid vary as per grade. Strong demand for the product in the animal feed and food and beverage industries has increased the price of glutamic acid. Moreover, disturbance caused by the COVID-19 pandemic in the raw material supply chain is another factor behind the increasing prices of glutamic acid. In the year 2019, Evonik Industries AG has increased the prices of its glutamic acid products at the global level by 15% due to the escalating cost of required raw materials.
Manufacturers compete based on distribution channels and strive to expand their market reach to increase their market share and bolster the annual revenue. The companies also compete on the basis of profit margins due to their high dependence on the distribution network for sales, thus leading to high entry barriers for the market. Glutamic acid manufacturers focus on improving their products and enhancing their manufacturing capabilities to distinguish their products from the products of other manufacturers in the industry and enhance their market share.
In 2020, Asia Pacific accounted for the largest revenue share of over 50.0%. The market growth is credited to the increasing purchasing power of the consumers, the growing adoption of a healthy lifestyle, and the expansion of the end-use industries, such as animal feed, pharmaceutical, cosmetics and personal care, and food and beverage. The demand for animal feed in countries such as India and China is projected to grow due to the presence of an abundant livestock population.
Glutamic Acid Market Report Highlights
- The food & beverages segment accounted for the largest share of 57.7% in the global glutamic acid market in 2024 due to the extensive use of glutamic acid as a flavor enhancer, particularly in the form of monosodium glutamate (MSG).
- The pharmaceuticals segment is expected to grow at a CAGR of 9.1% from 2025 to 2030. This robust growth can be attributed to the increasing use of glutamic acid in drug formulations, which is an essential component in various medications.
- Asia Pacific dominated the global glutamic acid market with a revenue share of 57.1% in 2024 due to the extensive use of glutamic acid in the food and beverage industry, particularly in countries like China and Japan, where MSG is a staple ingredient.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Glutamic acid Market Variables, Trends & Scope
Chapter 4. Glutamic Acid Market: Application Outlook Estimates & Forecasts
Chapter 5. Glutamic Acid Market Regional Outlook Estimates & Forecasts
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Ajinomoto Co., Inc.
- Akzo Nobel N.V.
- Evonik Industries AG
- Sichuan Tongsheng Amino acid Co., Ltd.
- KYOWA HAKKO BIO CO., LTD.
- Ottokemi; Hefei TNJ Chemical Industry Co., Ltd.
- Suzhou Yuanfang Chemical Co., Ltd.
- Global Bio-chem Technology Group Company Limited
- Ningxia Yipin Biological Technology Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 12.55 Billion |
| Forecasted Market Value ( USD | $ 20.46 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
