Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "Global Glutamic Acid Market Size, Share & Trends Analysis Report By End-use (Food Industry, Pharmaceutical, Cosmetic & Personal Care, and Others), By Regional Outlook and Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The landscape of the Global Glutamic Acid Market is experiencing dynamic changes as a recently published market research report sheds light on the significant growth anticipated by 2030. Projected to reach a valuation of $16.3 billion with a CAGR of 5.1%, the market is influenced by a burgeoning food industry and expanding cosmetic and personal care applications.
The food industry remains the domineering segment, leveraging glutamic acid extensively as a flavor enhancer to cater to the evolving palette of consumers who prioritize convenience without compromising taste. The comprehensive report encompasses key insights, amalgamating volumes and revenue data from 2019 to the forecast period ending in 2030.
Driven by diverse applications, the pharmaceutical and cosmetic & personal care industries are also underscored within the report. The paramount role of glutamic acid in skin hydration and pharmaceutical formulations is highlighted, reflecting the broad spectrum of its end-use applications.
Regional prospects soar with the Asia Pacific leading the charge, according to the study. The region's significant revenue share reflects its burgeoning healthcare sector and the integration of glutamic acid in the local food and beverage industry to meet diverse demands.
Other regions analyzed, including North America, Europe, and LAMEA, are also detailed in the report, outlining a robust global market outlook with specific attention to influential factors such as technological advancements, consumer trends, and economic developments.
- A comprehensive regional analysis reveals the market's intricacies, emphasizing the Asia Pacific's dominant position.
- End-use sectors illustrated with in-depth analyses frame the versatility of glutamic acid's applications.
- Detailed examination of industry players helps stakeholders understand the competitive landscape.
Substantive trends shaping the glutamic acid market are analyzed, providing a thorough understanding of the market's trajectory. Recognizing the influential role of key market players, the report offers an analytical perspective on the strategies of established entities and newcomers in the industry alike.
Report Segmentation
By End-use Analysis:
- Food Industry
- Pharmaceutical
- Cosmetic & Personal Care
- Others
By Regional Analysis:
- North America (US, Canada, Mexico, Rest of North America)
- Europe (Germany, UK, France, Russia, Spain, Italy, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, Rest of Asia Pacific)
- LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, Rest of LAMEA)
This report not only underscores the Global Glutamic Acid Market's growth but also delineates a future where industry players and stakeholders anticipate utilizing its insights to remain at the forefront of market progress. The stage is set for an in-depth exploration of the market, promising to answer pressing questions and uncover potential growth avenues.
Companies Profiled
- Ajinomoto Co., Inc.
- Evonik Industries AG (RAG-Stiftung)
- Wuhan Amino Acid Bio-Chemical Co., Ltd
- Sichuan Tongsheng Amino acid Co., Ltd
- Medinex
- KYOWA HAKKO BIO CO.,LTD. (Kirin Holdings Company, Limited)
- Hefei TNJ Chemical Industry Co.,Ltd.
- Haihang Industry Co.,Ltd.
- FUFENG GROUP
- AMINO GmbH
For more information about this report visit https://www.researchandmarkets.com/r/unx83i
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