Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Glutamic Acid: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Glutamic Acid estimated at US$10.1 Billion in the year 2022, is projected to reach a revised size of US$18.4 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030.
Food & Beverage, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$14.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Animal Feed segment is readjusted to a revised 6.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 8.9% CAGR
The Glutamic Acid market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2030.
Select Competitors (Total 53 Featured) -
- Ajinomoto Co., Inc.
- AnaSpec
- Bachem AG
- Clariant AG
- Global Bio-chem Technology Group Company Limited
- Hefei TNJ Chemical Industry Co., Ltd.
- IRIS BIOTECH GMBH
- KYOWA HAKKO BIO CO.LTD
- Otto Chemie Pvt. Ltd.
- Prinova Group LLC
- Sichuan Tongsheng Amino acid Co., Ltd.
- Tokyo Chemical Industry Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 255 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $10.1 Billion |
| Forecasted Market Value (USD) by 2030 | $18.4 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and the Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- COVID-19 and the Close Link with Amino Acids
- Effectiveness of Oral L-Glutamine Supplementation for COVID-19 Treatment
- Glutamic Acid - Global Key Competitors Percentage Market Share in 2022 (E)
- An introduction to Glutamic Acid
- Significance of Glutamic Acid in Different Functions of the Body
- Key Benefits of Glutamic Acid
- Global Market Prospects & Outlook
- Developing Economies to Boost Long-term Growth
- Competition
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Importance and Use of Food Additives and Enhances in Food & Beverage Industry Drives Market Gains
- Rising Demand for Convenience and Packaged Foods to Boost Growth in Glutamic Acid Market
- Global Packaged Food Sales in US$ Trillion for 2015, 2017, 2019, 2021 & 2023
- Food Consumption Patterns to Influence Market Prospects
- Monosodium Glutamate (MSG): Sustained Demand from Food & Industrial Applications
- Global Monosodium Glutamate Market by Application (in %) for 2020
- Global Consumption of MSG by Country (in %) for 2020
- MSG Production, Applications & Regulations: An Overview
- Rising Demand for Animal Feed to Spur Growth in Glutamic Acid Market
- Global Feed Production Volume Breakdown by Country (in %) for 2020
- Global Feed Production Volume (in Million Metric Tons) by Species for 2020
- Pandemic-Induced Supply Chain Disruptions Impact Animal Feed Industry
- Demand for Protein-Rich Diets Dictate Demand for Amino Acids as Feed Additives
- Rising Demand for Meat and Meat-based Products to Influence Market Growth
- Global Meat Consumption in 1,000 Metric Tons (Carcass Weight Equivalent) for Pork, Chicken Meat, and Beef & Veal for 2017-2020
- Glutamic Acid Use in Pharmaceutical Products Continues to Grow
- A Glance at Drug Delivery Applications of Poly-?-Glutamic Acid
- Glutamic Acid as an Anticancer Agent: An Overview
- Rising Cancer Incidence Raises Importance of Glutamic Acid
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Supported by Rising Awareness about Healthy Living, Glutamic Acid Use in Supplements on the Rise
- Global Dietary Supplements Market Size (in US$ Billion) for the Years 2020, 2023 and 2026
- Protein Powder Blends derived from Plant-based Sources
- Personal Care & Cosmetic Products: Use of Glutamic Acid Holds Promise
- Global Personal Care Market Growth Outlook (in %) for Years 2019 through 2025
- Researchers Demonstrate Role of Cysteine and Theanine in COVID-19 Treatment
- Health Implications of Glutamic Acid Use in Processed Foods
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/s969o7
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