Uploaded on Oct 26, 2022
Glutamic Acid Market
Glutamic Acid Market
202
2
High Demand for Glutamic
Acid in Pharmaceutical
Sector Propels Industry
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The glutamic acid industry contributes $10,496.0 million in 2021, and it is projected to generate
$19,443.5 million in 2030, advancing at a rate of 7.1% from 2021 to 2030. Glutamic acid is an amino
acid utilized for the production of proteins.
The glutamic acid is widely used in the food and beverage industry as an enhancer or additive.
Besides this, it is also used in the animal feed, due to high consumption of poultry products such as
pork, beef, chicken, geese, and turkeys as well as the growing demand for aquatic products such as
shrimp and fish, resulting in industry propulsion.
The buyers of glutamic acid seek long-term contracts at a competitive cost to preserve the
production capacity. The cost of the product is expected to be impacted by the rising demand in the
pharmaceutical industry, as well as functional food producers. Therefore, the bargaining power of the
buyer is predicted to stay strong in the near future.
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The raw material suppliers involved in the manufacturing and distribution of operations utilize the
extensive distribution network for controlling the prices of raw materials in various locations.
Therefore, the power of the supplier is expected to remain moderate in the coming years.
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The stringent regulations in the production of food and feed formulations, along with
environmental damage caused by harmful gas leakage can restrict the entry of new players.
Moreover, the high use of acid in end-use applications, specifically in pharmaceutical and
functional food, can facilitate new competitors with several opportunities. Therefore, it can
reduce the threat of new entrants.
Under the application segment, the food and beverage application are the significant revenue
contributor to the industry, accounting for 83%. It is led by the wide usage of glutamic acid as
a taste enhancer. For instance, monosodium glutamate (MSG) is primarily used for enhancing
the flavor of salad dressings, canned vegetables, carbohydrate-based snacks, processed dairy
goods, and meat.
In addition, the worldwide rising popularity of ready-to-drink beverages, and convenience food
is projected to proliferate the industry growth. The increased requirement for such products is
expected to improve living standards and economic development in developing countries such
as China and India. Along with this, the rising popularity of energy drinks is projected to result
into the industry propulsion.
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Moreover, the pharmaceutical industry is projected to experience significant growth,
growing at a rate of over 7.4% in the coming future. The beneficial government policies
and rising private investment are expected to increase glutamic acid sales in the future.
Furthermore, the usage of acid in pharmaceutical applications is projected to prevent the
nerve damage caused during chemotherapy and treats numerous disorders, including
epilepsy, muscular dystrophy, neurotransmission imbalances, and cognitive and
behavioral difficulties.
In addition, this product is utilized as an antiulcer medication, along with this, it is highly
effective in gastrointestinal therapy. The acid is further utilized in various supplement
formulations, as it supports detoxification, and athletic performance, along with
improving cognition, and protein building block formation in the body.
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Market Size Breakdown by Segment
The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-
2030.
Based on Application
Food & Beverages
Pharmaceuticals
Animal Feed
Geographical Analysis
North America
o U.S.
o Canada
Europe
o U.K.
o Germany
o France
o Spain
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Asia-Pacific
o China
o India
o Japan
o South Korea
Latin America
o Brazil
o Mexico
Middle East and Africa
o Saudi Arabia
o South Africa
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This study covers
1. Historical and the present size of the glutamic acid industry
2. Historical and the present size of the market segments and understand their comparative future potential
3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their
offerings
4. Competitive scenario of various market segments across key countries in several regions for uncovering
market opportunities for the stakeholders
5. Major players operating in the market and their service offerings
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