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Monosodium Glutamate (MSG) Market Share

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

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Monosodium Glutamate Market Share

Some of the major market players operating in the monosodium glutamate industry are:

  • 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
  • Arshine Food Additives
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These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Global Monosodium Glutamate (MSG) Market Company Share (%), (2022)

Ajinomoto Group Inc. is in the production and sale of monosodium glutamate. The company was founded in Japan in 1909 and has since expanded its operations to over 130 countries around the world. Ajinomoto Group is the world's largest producer of MSG, with a market share of over 30%.

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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