Monosodium Glutamate (MSG) Market Is Likely to Experience a Tremendous Growth by 2031

Global monosodium glutamate (MSG) market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031). The rising demand for MSG in developing nations owing to the shifting consumer tastes and lifestyles is a key factor driving the global market. Novel product formulations, such organic MSG and low-sodium substitutes, provide opportunities for market distinctiveness and cater to a wide range of consumer demands. Additionally, MSG producers have a chance to meet consumer expectations by investing in environmentally responsible production practices and sustainable sourcing due to the shift toward natural and clean label products.

In March 2023, new study found out that consumer sentiment toward monosodium glutamate (msg) is shifting positively as a recent report published by the World Health Organization. Consumers now view monosodium glutamate (MSG) positively as MSG is a valuable tool for creating foods that can meet sodium reduction needs, while still tasting delicious. This is considered as the major market driver for purchasing decisions.

To cater the growing demand for MSG product, in January 2023, Ajinomoto India plans to expand its market presence in the northern and western regions in India by expanding sales network. Currently, Ajinomoto products are sold in the southern states such as Tamil Nadu, Andhra Pradesh, Kerala and in the north-eastern regions, where average consumption of noodles is high and now the company has planned to expand market presence in parts of North and West India.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Application
• By Sales Channel
• By End-user

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- includes Ajinomoto Co. Inc., Ningxia Eppen Biotech Co. Ltd., Kyowa Kirin Co. Ltd., Linghua Group Ltd., Kerry Group plc. and Fufeng Group, among others.

Monosodium Glutamate (MSG) Market Report Segment

By Application

• Preservatives
• Additives
• Acidity Regulators
• Flavour Enhancers

By Sales Channel

• B2B
• B2C (Supermarket and Online Stores)

By End-user

• Food Processing and Service Industry
• Cosmetics Industry
• Livestock and Pet Food Industry
• Others (Retail sector)

A full Report of Monosodium Glutamate (MSG) Market is Available @ https://www.omrglobal.com/industry-reports/monosodium-glutamate-msg-market

Monosodium Glutamate (MSG) Market Report Segment by Region

North America                                                                                                           

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• Arshine Pharmaceutical Co.
• Foodchem International Corp.
• Fufeng Group
• Global Bio-Chem Technology Group Company Ltd.
• Great American Spice Company
• Kerry Group plc.
• Linghua Group Ltd.
• Meihua Holdings Group Co. Ltd.
• Prinova Group LLC.
• Puramate
• Sunrise Nutrachem Group Co. Ltd.
• Tate & Lyle
• Vedan International (Holdings) Ltd.

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Article source: https://article-realm.com/article/Food-Beverage/63734-Monosodium-Glutamate-MSG-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html