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Monosodium Glutamate (MSG) Market Analysis

  • Report ID: GMI7418
  • Published Date: Nov 2023
  • Report Format: PDF

Monosodium Glutamate Market Analysis

Based on form, the powder form accounted for USD 3.18 billion in 2022. Powdered MSG is preferred for its ability to quickly dissolve in liquids and evenly distribute throughout recipes, making it a popular choice in the culinary industry. Its widespread use in seasoning mixes, soups, sauces, and snacks has contributed significantly to its dominance in the market.

 

Global Monosodium Glutamate (MSG) Market Revenue Share (%), By Application, (2022)

The soups and broths application held about 35.26% of market share in 2022. The umami-enhancing properties of MSG make it a favored ingredient in the production of instant noodles, canned soups, and savory broths, meeting the demand for convenient and flavorful meal options. Meat products represent another significant application segment, with MSG playing a crucial role in enhancing the taste of processed meats, sausages, and meat-based snacks. Its ability to intensify savory flavors complements the savory profile of meat, contributing to the overall palatability of these products.
 

Based on distribution channel, the B2B channel captured the dominant market share in 2022 and is anticipated to grow through 2032. B2B transactions hold a significant share, as manufacturers and suppliers engage in bulk sales to food processors, restaurants, and other businesses within the food industry. This segment is driven by the demand for MSG as a key ingredient in large-scale food production, where it is integrated into various processed food items, seasoning blends, and culinary applications.
 

North America Monosodium Glutamate (MSG) Market Size, 2021 - 2032 (USD Billion)

North America monosodium glutamate market revenue crossed USD 2.41 billion in 2022, driven by the widespread consumption of processed and convenience foods, reflecting changing consumer lifestyles and preferences. As the market responds to the evolving culinary landscape, the United States and Canada emerge as key contributors. In the North American market, the B2B segment dominates, with MSG being a crucial ingredient in the food processing industry. Large-scale manufacturers and food processors integrate monosodium glutamate into a myriad of products, including snacks, soups, and ready-to-eat meals, contributing significantly to the overall market share.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of monosodium glutamate was worth USD 4.95 billion in 2022 and is estimated to reach USD 8.54 billion by 2032, driven by the rising demand for flavor enhancers in the food & beverage sector.

Powder form MSG market segment value was exceeded USD 3.18 billion in 2022 and will grow significantly through 2032 as it is preferred for its ability to quickly dissolve in liquids and evenly distribute throughout recipes.

North America market for monosodium glutamate crossed USD 2.41 billion in 2022 and is anticipated to expand at a significant pace over 2023-2032, driven by the widespread consumption of processed and convenience foods, reflecting changing consumer lifestyles and preferences.

Ajinomoto Co., Inc., Fufeng Group, Puramate, Meihua Holdings Group, Ningxia Eppen Biotech Co., Ltd, Meihua Holdings Group Co., Ltd., Linghua Group, Vedan International (Holdings) Limited, Foodchem International, Great American Spice Company, Prinova, and Arshine Food Additives.

Monosodium Glutamate Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 210
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