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Glutamic Acid Market Size, Share & Trends Analysis Report By End-use (Food Industry, Pharmaceutical, Cosmetic & Personal Care, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 173 Pages
  • January 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5928456
The Global Glutamic Acid Market size is expected to reach $16.3 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,235.04 Kilo Tonnes, experiencing a growth of 4.3% (2019-2022).

The demand for processed and convenience foods has risen globally, and North America is no exception. Consequently, the North America region captured $3,296.32 million revenue in the market in 2022. It is widely used in the food and beverage industry as a flavor enhancer. As consumer preferences for flavorful and convenient food products increase, it could contribute to the demand for the acid. Thus, these factors will assist in the expansion of the segment.

It is one of the key components responsible for the umami taste, often described as savory or meaty. This flavor profile enhances the overall taste perception of foods, making them more appealing to consumers. As umami gains recognition as one of the fundamental tastes alongside sweet, sour, bitter, and salty, the demand for this acid has increased. Additionally, it is recognized for its ability to help retain moisture in the skin. As a naturally occurring amino acid, it contributes to skin hydration by attracting and binding water molecules. This moisturizing property is particularly valuable in skincare products that address dryness and maintain skin hydration. The enhancement of skin conditioning and moisture retention is a factor in determining the overall efficacy of such products as lotions, serums, and moisturizers. Thus, these aspects will assist in the growth of the market.

However, the production of this acid often relies on raw materials, and the costs associated with these inputs can fluctuate based on factors such as agricultural conditions, global supply and demand, and geopolitical events. For example, the cost of raw materials like sugar or molasses, commonly used in fermentation for producing glutamic acid, can be subject to market variations. The balance between production capacity and demand influences the market's price stability. Economic conditions on a global scale can impact the demand for goods that use this acid as an ingredient. During economic downturns, reduced consumer spending and industrial activities may decrease demand, influencing prices. Conversely, periods of economic growth may result in increased demand, impacting prices in the opposite direction. These aspects will lead to decreased demand in the future.

By End-use Analysis

On the basis of end-use, the market is divided into pharmaceutical, cosmetic & personal care, food industry, and others. The food industry segment recorded the maximum revenue share in the market in 2022. The growth of the processed food industry directly impacts the demand for flavor enhancers like glutamic acid. As consumers seek convenient and ready-to-eat food options, the use of the acid in processed foods may continue to rise. With the globalization of food preferences, diverse flavors, and ingredients from different cuisines are increasingly adopted. These factors will boost the demand in the segment.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific segment acquired the highest revenue share in the market. It is also utilized in the pharmaceutical industry for various applications, including the production of certain drugs. The expanding healthcare sector in the Asia Pacific region, driven by factors such as population growth and increased focus on healthcare, could contribute to the rising demand for this acid. Thus, these factors will pose lucrative growth prospects for the segment.

List of Key Companies Profiled

  • Ajinomoto Co., Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • Wuhan Amino Acid Bio-Chemical Co., Ltd
  • Sichuan Tongsheng Amino acid Co., Ltd
  • Medinex
  • KYOWA HAKKO BIO CO.,LTD. (Kirin Holdings Company, Limited)
  • Hefei TNJ Chemical Industry Co.,Ltd.
  • Haihang Industry Co.,Ltd.
  • FUFENG GROUP
  • AMINO GmbH

Market Report Segmentation

By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Food Industry
  • Pharmaceutical
  • Cosmetic & Personal Care
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Glutamic Acid Market, by End-use
1.4.2 Global Glutamic Acid Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Glutamic Acid Market, By End-use
4.1 Global Food Industry Market, By Region
4.2 Global Pharmaceutical Market, By Region
4.3 Global Cosmetic & Personal Care Market, By Region
4.4 Global Others Market, By Region
Chapter 5. Global Glutamic Acid Market, By Region
5.1 North America Glutamic Acid Market
5.1.1 North America Glutamic Acid Market, By End-use
5.1.1.1 North America Food Industry Market, By Country
5.1.1.2 North America Pharmaceutical Market, By Country
5.1.1.3 North America Cosmetic & Personal Care Market, By Country
5.1.1.4 North America Others Market, By Country
5.1.2 North America Glutamic Acid Market, By Country
5.1.2.1 US Glutamic Acid Market
5.1.2.1.1 US Glutamic Acid Market, By End-use
5.1.2.2 Canada Glutamic Acid Market
5.1.2.2.1 Canada Glutamic Acid Market, By End-use
5.1.2.3 Mexico Glutamic Acid Market
5.1.2.3.1 Mexico Glutamic Acid Market, By End-use
5.1.2.4 Rest of North America Glutamic Acid Market
5.1.2.4.1 Rest of North America Glutamic Acid Market, By End-use
5.2 Europe Glutamic Acid Market
5.2.1 Europe Glutamic Acid Market, By End-use
5.2.1.1 Europe Food Industry Market, By Country
5.2.1.2 Europe Pharmaceutical Market, By Country
5.2.1.3 Europe Cosmetic & Personal Care Market, By Country
5.2.1.4 Europe Others Market, By Country
5.2.2 Europe Glutamic Acid Market, By Country
5.2.2.1 Germany Glutamic Acid Market
5.2.2.1.1 Germany Glutamic Acid Market, By End-use
5.2.2.2 UK Glutamic Acid Market
5.2.2.2.1 UK Glutamic Acid Market, By End-use
5.2.2.3 France Glutamic Acid Market
5.2.2.3.1 France Glutamic Acid Market, By End-use
5.2.2.4 Russia Glutamic Acid Market
5.2.2.4.1 Russia Glutamic Acid Market, By End-use
5.2.2.5 Spain Glutamic Acid Market
5.2.2.5.1 Spain Glutamic Acid Market, By End-use
5.2.2.6 Italy Glutamic Acid Market
5.2.2.6.1 Italy Glutamic Acid Market, By End-use
5.2.2.7 Rest of Europe Glutamic Acid Market
5.2.2.7.1 Rest of Europe Glutamic Acid Market, By End-use
5.3 Asia Pacific Glutamic Acid Market
5.3.1 Asia Pacific Glutamic Acid Market, By End-use
5.3.1.1 Asia Pacific Food Industry Market, By Country
5.3.1.2 Asia Pacific Pharmaceutical Market, By Country
5.3.1.3 Asia Pacific Cosmetic & Personal Care Market, By Country
5.3.1.4 Asia Pacific Others Market, By Country
5.3.2 Asia Pacific Glutamic Acid Market, By Country
5.3.2.1 China Glutamic Acid Market
5.3.2.1.1 China Glutamic Acid Market, By End-use
5.3.2.2 Japan Glutamic Acid Market
5.3.2.2.1 Japan Glutamic Acid Market, By End-use
5.3.2.3 India Glutamic Acid Market
5.3.2.3.1 India Glutamic Acid Market, By End-use
5.3.2.4 South Korea Glutamic Acid Market
5.3.2.4.1 South Korea Glutamic Acid Market, By End-use
5.3.2.5 Singapore Glutamic Acid Market
5.3.2.5.1 Singapore Glutamic Acid Market, By End-use
5.3.2.6 Malaysia Glutamic Acid Market
5.3.2.6.1 Malaysia Glutamic Acid Market, By End-use
5.3.2.7 Rest of Asia Pacific Glutamic Acid Market
5.3.2.7.1 Rest of Asia Pacific Glutamic Acid Market, By End-use
5.4 LAMEA Glutamic Acid Market
5.4.1 LAMEA Glutamic Acid Market, By End-use
5.4.1.1 LAMEA Food Industry Market, By Country
5.4.1.2 LAMEA Pharmaceutical Market, By Country
5.4.1.3 LAMEA Cosmetic & Personal Care Market, By Country
5.4.1.4 LAMEA Others Market, By Country
5.4.2 LAMEA Glutamic Acid Market, By Country
5.4.2.1 Brazil Glutamic Acid Market
5.4.2.1.1 Brazil Glutamic Acid Market, By End-use
5.4.2.2 Argentina Glutamic Acid Market
5.4.2.2.1 Argentina Glutamic Acid Market, By End-use
5.4.2.3 UAE Glutamic Acid Market
5.4.2.3.1 UAE Glutamic Acid Market, By End-use
5.4.2.4 Saudi Arabia Glutamic Acid Market
5.4.2.4.1 Saudi Arabia Glutamic Acid Market, By End-use
5.4.2.5 South Africa Glutamic Acid Market
5.4.2.5.1 South Africa Glutamic Acid Market, By End-use
5.4.2.6 Nigeria Glutamic Acid Market
5.4.2.6.1 Nigeria Glutamic Acid Market, By End-use
5.4.2.7 Rest of LAMEA Glutamic Acid Market
5.4.2.7.1 Rest of LAMEA Glutamic Acid Market, By End-use
Chapter 6. Company Profiles
6.1 Ajinomoto Co., Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental & Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Evonik Industries AG (RAG-Stiftung)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 Wuhan Amino Acid Bio-Chemical Co., Ltd.
6.3.1 Company Overview
6.3.2 SWOT Analysis
6.4 Sichuan Tongsheng Amino acid Co., Ltd
6.4.1 Company Overview
6.4.2 SWOT Analysis
6.5 MEDINEX
6.5.1 Company Overview
6.6 KYOWA HAKKO BIO CO. LTD. (Kirin Holdings Company, Limited)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 SWOT Analysis
6.7 Hefei TNJ Chemical Industry Co.,Ltd.
6.7.1 Company Overview
6.8 Haihang Industry Co.,Ltd. (Haihang Group)
6.8.1 Company Overview
6.9 Fufeng Group Limited
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.10. AMINO GmbH
6.10.1 Company Overview
Chapter 7. Winning Imperatives of Glutamic Acid Market

Companies Mentioned

  • Ajinomoto Co., Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • Wuhan Amino Acid Bio-Chemical Co., Ltd
  • Sichuan Tongsheng Amino acid Co., Ltd
  • Medinex
  • KYOWA HAKKO BIO CO.,LTD. (Kirin Holdings Company, Limited)
  • Hefei TNJ Chemical Industry Co.,Ltd.
  • Haihang Industry Co.,Ltd.
  • FUFENG GROUP
  • AMINO GmbH

Methodology

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