Glutamic acid and its derivatives are extensively applied in various fields, such as food additives, pharmaceuticals, and feed additives. Monosodium glutamate (MSG) is the sodium salt of glutamic acid and one of the most widely used additives. In addition to MSG, glutamic acid itself and multiple glutamate salts can be used as flavor enhancers in food.
Glutamic acid can be classified into two types: L-glutamic acid and D-glutamic acid, with L-glutamic acid being biologically active and widely used in the food and pharmaceutical sectors. Glutamic acid possesses excellent flavoring properties and plays a crucial role in enhancing the umami and taste of food, making it an essential component in the global food processing industry.
According to the analysis by the publisher, in terms of the industry chain, the upstream of glutamic acid mainly involves starch-rich crops such as corn and wheat, which are used to produce glutamic acid through fermentation processes. The downstream industries of glutamic acid primarily include the food processing, pharmaceutical, and feed industries, with the food processing industry being the largest consumer. In the pharmaceutical sector, glutamic acid and its salts are utilized for the synthesis of antiepileptic and neurological drugs. Additionally, glutamic acid is widely used in the feed industry as a nutritional supplement in animal feed to enhance livestock production efficiency.
Globally, the major producers of glutamic acid include Ajinomoto, Meihua Holdings, Fufeng Group, and CJ CheilJedang. The publisher reports that with Vietnam's economic development and industrialization, the downstream industries of glutamic acid, such as the food processing and pharmaceutical sectors, are rapidly growing, leading to an expanding market size for glutamic acid in Vietnam.
Benefiting from the Vietnamese government's preferential policies, the global supply chain shift, and a highly cost-effective labor force, Vietnam's food processing industry has developed rapidly in recent years, becoming a key component of the country's industrialization. According to the analysis by the publisher, due to continuous economic and population growth, improvements in industrial infrastructure, and increasing foreign investment, the food processing industry in Vietnam is expected to maintain steady growth. Consequently, the demand for glutamic acid in Vietnam is rising steadily.
However, due to limited domestic production capacity, a lack of a suitable chemical industry basis, technology, and equipment, large-scale production of such products in Vietnam is not cost-effective, resulting in a heavy reliance on imported glutamic acid.
The publisher data shows that the total value of glutamic acid imports to Vietnam was approximately USD 130 million in 2023, with the accumulated import value reaching around USD 55 million from January to June 2024. This growth trend is expected to continue in the coming years.
From 2021 to 2024, the main sources of glutamic acid imports to Vietnam included China, Thailand, and Hong Kong. Key companies exporting glutamic acid to Vietnam are WUXI MIFUN INTERNATIONAL TRADE CO., LTD, MEIHUA GROUP INTERNATIONAL TRADING (HONG KONG) LTD, and THAI FERMENTATION INDUSTRY CO., LTD.
The primary importers of glutamic acid in Vietnam are companies and distributors in the food processing industry, mainly foreign-invested enterprises such as SAIGON VE WONG CO., LTD, MIWON VIET NAM CO., LTD, and DAESANG VIET NAM CO., LTD, according to the publisher.
Overall, with Vietnam's economic growth and increasing per capita income, the demand for glutamic acid in the Vietnamese market is expected to continue rising. The publisher forecasts that the import volume of glutamic acid in Vietnam will continue to grow in the coming years.
Topics covered:
- The Import and Export of Glutamic Acid in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Glutamic Acid in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Glutamic Acid in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Glutamic Acid in Vietnam (January-June 2024)
- Total Import Value and Percentage Change of Glutamic Acid in Vietnam (January-June 2024)
- Average Import Price of Glutamic Acid in Vietnam (2021-2024)
- Top 10 Sources of Glutamic Acid Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Glutamic Acid in Vietnam and Their Supply Volume
- Top 10 Importers of Glutamic Acid in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Glutamic Acid in Vietnam
- How Foreign Enterprises Enter the Glutamic Acid Market of Vietnam
- Forecast for the Import of Glutamic Acid in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Wuxi Mifun International Trade Co. Ltd.
- Meihua Group International Trading (Hong Kong) Ltd.
- Thai Fermentation Industry Co. Ltd.
- Saigon Ve Wong Co. Ltd.
- Miwon Viet Nam Co. Ltd.
- Daesang Viet Nam Co. Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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