Frequently Asked Questions
The global monosodium glutamate (MSG) market was valued at USD 4.5 Billion in 2022.
The monosodium glutamate (MSG) market is expected to grow at a CAGR of 8.80% between 2023 and 2030, reaching USD 8.121 Billion in 2030.
The food processing industry is the leading segment by end-user, holding over 43% share in terms of value in 2022.
The additives segment governs the demand for monosodium glutamate (MSG)s in the world, holding a massive share of over 80% in 2022.
The online segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the monosodium glutamate (MSG) industry, with an over one-third share in 2022.
The top players include Ajinomoto Co. Inc, COFCO, Ningxia Eppen Biotech Co. Ltd, Fufeng Group, Meihua Holdings Group Co. Ltd, Gremount International Company Limited, Cargill Incorporated, Shandong Qilu Biotechnology Group Co., Henan Lotus Flower Gourmet Powder Co., and Shandong Xinle Monosodium Glutamate Limited Company.
One of the major factors propelling the market’s expansion is the rising use of monosodium glutamate in the food processing, livestock, and pet food industries are the major market drivers.
the broad misunderstanding of MSG side effects, such as headaches and other unpleasant sensations, may impede market expansion the major market restraints.
The growing popularity of the fast food industry is a significant trend that will open up several potentials for MSG producers. Over the past few years, the snacking trend has grown in developing and emerging nations, which has increased demand for MSG, the major opportunity in the monosodium glutamate (MSG) industry.