Glutamic Acid Market Size, Share, Growth Report 2032

Industry Perspective:

The global glutamic acid market size was USD 10 Billion in 2022 and is expected to surpass USD 16.8 Billion by the end of 2030. The market is likely to grow with a CAGR of 5.5% during the predicted period.

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The global glutamic acid market report covers all aspects, including the potential growth drivers, restraints, and leading market players. Also, it offers detailed key insights into the opportunities and challenges in the market landscape. The report also explores market segmentation and regional developments in the glutamic acid industry.

Glutamic Acid Market: Overview

Glutamic acid is an essential amino acid useful in the process of protein synthesis. The basic ingredients used to produce glutamic acid include glucose, coryneform bacteria, and sugarcane molasses. It is produced by the fermentation process with various stages like centrifugation, fermentation, carbon absorption, crystallization, evaporation, and ion exchange. The process is widely used by manufacturers due to the high purity and high quality of glutamic acid produced with this process. Glutamic acid is found in its highest concentration in blood plasma, spinal fluid, muscle, and other protein-rich foods like cereals, eggs, soy protein, and meats. Also, it is important for the synthesis of body energy, neurological system, immunological system, and digestive system.

Key Insights

• As per the analysis shared by our research analyst, the global glutamic acid market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2023-2030).
• In terms of revenue, the global glutamic acid market size was valued at around USD 10 billion in 2022 and is projected to reach USD 16.8 billion by 2030.
• The growing consumer awareness is likely to boost the glutamic acid market growth.
• Based on the application, the food and beverage segment accounts for the largest share of the global market.
• Based on the function, the flavor enhancer segment dominates the global market.
• Based on the source type, the animal-based segment is the fastest-growing segment in the market
• Based on region, Asia Pacific is expected to dominate the market during the forecast period.

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Glutamic Acid Market: Growth Drivers

Growing consumer awareness is expected to propel the growth of the global market.

The growing consumer awareness regarding consuming healthy food is projected to propel the growth of the global glutamic acid market. Nowadays, the generic population is inclining toward wholesome food. Moreover, the surging consumption of energy drinks and packaged food increases the demand for glutamic acid. For example, salt of glutamic acid, also known as MSG, is largely used in dairy goods, noodles, salad dressings, carbohydrate-based snacks, canned vegetables, soups, and others. The rising consumption of ready-to-drink beverages among developing economies is growing enormously and thereby complementing the demand for glutamic acid. It is a healthy food additive and flavor enhancer that is largely used in functional and packed foods. Also, it offers better taste and nutrition, enhancing its sales globally.

Glutamic Acid Market: Restraints

Risk associated with a high intake of glutamic acid is likely to hamper the growth of the global market.

The high consumption of glutamic acid under unsupervised guidance is likely to negatively impact human health, thereby hindering the growth of the glutamic acid industry during the forecast period. Excessive consumption of glutamic acid can cause fatigue and headache in the human body. Apart from this, it also worsens the overall health of the individual, thereby making people feel dull for a longer period of time. Moreover, high consumption of glutamic acid increases the risk of stroke mortality; thereby, it is expected to slow down the growth of the global market.

Glutamic Acid Market: Opportunities

High demand for glutamic acid in the animal feed sector is expected to create lucrative growth opportunities in the global market.

Higher consumption of aquatic and poultry products like turkeys, shrimp, beef, chicken, fish, pork, gees, and others is anticipated to open several growth opportunities in the global glutamic acid market. The fast-growing packaged food industry in growing economies like Spain, Germany, and Italy is further projected to widen the scope of the global market in the forthcoming years. Also, the wide adoption of glutamic acid is increasing the incidences of diseases, thereby propelling the growth of the global market.

Glutamic Acid Market: Challenges

Rising issues over processed food items are a big challenge in the global market.

The negative impact of processed and packaged food items on health is projected to be a huge challenge in the global glutamic acid industry. Growing awareness among people regarding health and fitness is also limiting the growth of packaged food; thereby, it is expected to negatively impact the global market during the forecast period.

Glutamic Acid Market: Segmentation

The global glutamic acid market can be segmented into application, function, source type, and region.

By application, the market can be segmented into animal feed, pharmaceuticals, food & beverage, and others. The food and beverage segment accounts for the largest share of the global market due to the growing adoption of glutamic acid in diverse applications in the food and beverage industry. It is widely used as a food additive and food enhancer across the food industry. The changing consumer preferences towards the use of natural food items are likely to further propel the demand. Also, it helps increase the shelf life of the food products. However, the pharmaceuticals segment is expected to see significant growth in the forthcoming years owing to the fact it is used to protect against nerve damage during chemotherapy and help treat various disorders like cognitive & behavioral issues, neurotransmission abnormalities, muscular dystrophy, and epilepsy.

By function, the glutamic acid industry can be segmented into plant growth, NMR spectroscopy, nutrient, flavor enhancer, detoxifying agent, neurotransmitter, metabolism, and others. The flavor enhancer segment dominates the global market.

By source type, the market can be segmented into plant and animal-based. The animal-based segment is the fastest-growing segment in the global glutamic acid market. Animal-based proteins like eggs, dairy products, meat, etc., contain a good amount of glutamic acid. Three widely used fermentable glutamic acids for animal nutrients include L-tryptophan, L-threonine, and L-lysine. The plant-based segment is also expected to grow widely during the forecast period. Plant-based sources like soy, nuts, grains, and beans contain abundant glutamic acid. A balanced diet rich in nutrients is known to complete the body's protein requirement.

Recent Developments:

• Ajinomoto, in July 2021, revealed an amino acid supplement to lower the risk of cognitive issues in the aging population, particularly the ones facing memory loss issues. The company backed its research with a clinical study and RCT.
• A German-based company, Evonik, in March 2021, agreed to supply Cassava Sciences clinical-grade quantities for the treatment of Alzheimer's disease. The agreement was to offer products with a similar grade to Cassava Sciences.

Glutamic Acid Market: Report Scope

Glutamic Acid Market: Regional Analysis

Asia Pacific is likely to dominate the global market.

Asia Pacific is the fastest-growing region in the global glutamic acid market due to the growth in the various end-user sectors like food & beverage, cosmetics, pharmaceuticals, animal feed, etc., in growing economies like India, China, and Japan. Also, the availability of huge livestock populations in developing economies like China and India is posing a high demand for animal feed. China is the largest feed-reducing nation in the Asia Pacific, with a capacity to produce 187 million metric tons annually. The high demand for meat in local cuisine, poultry, and pork also supports the growth of the regional market. The large-scale cattle agricultural activities in Thailand and Vietnam are significantly contributing to the regional market's growth.

North America is also expected to see significant growth during the predicted period due to the high need for animal feed and pharmaceutical products in the region. Glutamic acid is widely used in the pharmaceutical sector to make medicines for cognitive issues, epilepsy, and other neurological disorders. The increasing aging population in the region and the growing incidences of non-communicable health issues like chronic respiratory diseases, cardiovascular diseases, and cancer are further increasing the requirement for dietary supplementary and pharmaceutical products containing glutamic acid.

Glutamic Acid Market: Competitive Analysis

The key players in the global glutamic acid market include:

• KYOWA HAKKO BIO CO.
• Ningxia Yipin Biological Technology Co. Ltd.
• Global Bio-chem Technology Group Company Limited
• Suzhou Yuanfang Chemical Co. Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• Ottokemi LTD.
• Sichuan Tongsheng Amino acid Co. Ltd.
• Evonik Industries AG
• Akzo Nobel N.V.
• Ajinomoto Co. Inc.

The global glutamic acid market is segmented as follows:

By  Application

• Animal Feed
• Pharmaceuticals
• Food & Beverage
• Others

By Function

• Plant Growth
• NMR Spectroscopy
• Nutrient
• Flavor Enhancer
• Detoxifying Agent
• Neurotransmitter
• Metabolism
• And Others

By Source Type

• Plant-Based
• Animal-Based

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa