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2022
Glutamic Acid Market

Glutamic Acid Market by End Use Industry (Pharmaceutical, Cosmetics and Personal Care, Food Industry, and others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15523
Pages: 196
Jan 2022 | 1139 Views
   
Author(s) : Sushant Moon, Amit Narune , Eswara Prasad
Tables: 105
Charts: 54
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Glutamic Acid Market Statistics – 2030

The glutamic acid market was valued at $9.9 billion in 2020, and is projected to reach $16.6 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030.

Statement for COVID-19 banner: The food industry witness increased sales and profit. The consumers were increasing inventories as much as possible in March 2020 i.e., the initial phase of pandemic. This increased demand for Glutamic acids from food industry.

Glutamic acid is one of the most important amino acids for the synthesis of proteins. The key raw materials used to produce glutamic acid include sugarcane molasses, coryneform bacteria and glucose. Glutamic acid is produced by fermentation process using this raw material. The fermentation process involves various stages that include fermentation, centrifugation, carbon adsorption, evaporation, crystallization, and ion exchange. The manufacturing process is very popular among manufacturers owing to the high quality and purity of glutamic acid obtained through the process. However, the fermentation process is requiring high capital investment and requires high amount of water and energy.

Glutamic-Acid-Market

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Glutamic acid is present in the highest concentrations in muscle, spinal fluid, brain and blood plasma as well as in all protein-rich foods such as meats, soy proteins, eggs, and cereals. It is essential for the digestive system, immunological system, neurological system, and the synthesis of energy in the body. In addition, glutamic acid aids muscular growth and is hence commonly found in supplements used by sportsmen and bodybuilders. Furthermore, it also helps with detoxifying and controlling acid balance. Moreover, it is necessary for skin tightening and the production of new skin cells. 

Glutamic acid is also used as a flavor enhancer in the food industry. Increased demand for packaged food as well as increased use of food additives and enhancers in the food and beverage industry, are raising glutamic acid demand. The demand for glutamic acid in the food sector has increased as people become more aware of the importance of eating healthy foods. Furthermore, glutamic acid consumption will be boosted by rising demand from the pharmaceutical industry. Glutamic acid is commonly used to treat disorders such as muscular dystrophy, epilepsy, neurotransmission abnormalities, and cognitive and behavioral issues in people. Favorable government policies to assist the pharmaceutical business, together with increased government investment in the industry, are expected to propel the pharmaceutical industry, which in turn is expected to boost the glutamic acid demand in coming years.

End-use industry demand has a significant impact on glutamic acid production and consumption; as a result, any changes in end-use industry demand are predicted to have a direct impact on glutamic acid demand.

The negative effects of glutamic acid, such as nausea and headache, will limit glutamic acid demand. Headaches and nausea are caused by excessive glutamic acid consumption.  The risk of stroke mortality associated with high consumption of glutamic acid is expected to restrict the glutamic acid demand. Furthermore, increasing preference of natural food additives over synthetic food additives and suppliers are actively tracking evolving consumer food preferences is going to provide new opportunities for the market.

The market is segmented on the basis of end use industry and region. By end use industry, the market is categorized into pharmaceutical, cosmetics & personal care, food industry and others. The report further outlines the details about revenue generated through the sale of glutamic acid across North America, Europe, Asia-Pacific, and LAMEA. North America had a significant share in the glutamic acid market in 2020. Increased awareness about natural food additives in emerging markets is expected to boost the demand for glutamic acids in Asia-Pacific. Furthermore, the glutamic acid market share is analyzed across all significant regions and countries.

The glutamic acid market analysis covers in-depth information of the major industry participants. Some of the major players in the glutamic acid market include Amino GmbH, Ajinomoto co, Evonik industries, Fufeng group, Haihang industry, Hefei TNJ chemicals, Kyowa hakko, Medinex, Sichuan Tongsheng amino acid, and Wuhan amino acid.

Other player operating in the glutamic acid market are Avenit AG, Suzhou Yuanfang Chemical Co. Ltd., Luojiang Chenming Biological Products Co., Ajinomoto Health & Nutrition North America, Inc., IRIS BIOTECH GMBH, Global Bio-chem Technology Group Company Limited, and Akzo Nobel N.V.

Glutamic acid Market, by End Use Industry

The food industry accounted for the largest share i.e., 65.4% and pharmaceutical industry is expected to be the fastest growing segment at 5.8% CAGR during the forecast period, in terms of revenue. This is attributed to increase in use of glutamic acids as food additives in food industry. In addition, the rise in pharmaceutical industry and increased demand for glutamic acid for the treatment of epilepsy, ulcers, mental retardation, and muscular dystrophy, is expected to boost the glutamic acid market growth during the forecast period.

Glutamic Acid Market
By End Use Industry

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Food Industry holds a dominant position in 2020 and pharmaceutical industry is projected as the most lucrative segment.

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Glutamic acid Market, by region

North America contributed 30.8% market share in 2020 and is projected to grow at a CAGR of 4.9% during the forecast period in terms of revenue. Asia-Pacific is the fastest growing region, growing at around 5.9% CAGR during the forecast period in terms of revenue. This is attributed to rise in demand from numerous end-use industries such as food & beverage, cosmetic & personal care, pharmaceutical, and others.

Glutamic Acid Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and is expected to grow at fastest growth rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides in-depth analysis of the market along with the current glutamic acid market trends and future estimations. 
  • The glutamic acid market size is provided in terms of volume and revenue.
  • This report highlights the key drivers, market opportunities, and restraints of the market along with the impact analysis during the forecast period.
  • Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the market for strategy building.
  • A comprehensive market analysis covers the factors that drive and restrain the market growth.
  • The qualitative data about market dynamics, market trends, and developments is provided in the report.

Impact Of Covid-19 On The Glutamic Acid Market

  • The outbreak of COVID-19 in China and its spread across numerous countries around the world halted the manufacturing activities of industrial sectors, which correspondingly hampered glutamic acid manufacturing as well.
  • The raw material procurement was also challenged owing to outbreak of COVID-19.
  • The COVID-19 pandemic is expected to have significant impacts on industrial operations, indirectly and directly with respect to customer behaviors, labor shortages or stoppages, inventory, sales, business and manufacturing operations, and others. 
  • As per the companies operating in the market, there are numerous uncertainties about the COVID-19 pandemic, comprising the scope of scientific and health problems, the expected period of the pandemic, and the political, and economic disturbance it might cause. 
  • Manufacturing as well as the supply regions witnessed economic slowdown owing to lockdown. 
  • However, there was increase in demand for pharmaceutical, food and beverage industry owing to the COVID-19 pandemic, resulting in increased demand for glutamic acid in these industries.

Key Market Segments

  • BY END-USE INDUSTRY
    • Pharmaceutical
    • Cosmetic and Personal Care
    • Food Industry
    • Others
  • BY REGION
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • UAE
      • Saudi Arabia
      • South Africa
      • Rest of LAMEA


Key Market Players

  • Ajinomoto Co., Inc.
  • AMINO GmbH
  • Evonik Industries AG
  • FUFENG GROUP
  • Haihang Industry
  • Hefei TNJ Chemical Industry Co., Ltd
  • KYOWA HAKKO BIO CO.,LTD .
  • Medinex
  • Sichuan Tongsheng Amino acid Co., Ltd
  • Wuhan Amino Acid Bio-Chemical Co., Ltd
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the glutamic acid market
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Increased demand from food industry
3.3.1.2.Increased demand from pharmaceutical industry

3.3.2.Restraint

3.3.2.1.Harmful effect associated with the usage of glutamic acid

3.3.3.Opportunity

3.3.3.1.Increasing preference toward natural food additives

3.4.Value chain
3.5.Patent Analysis

3.5.1.Patent analysis by country (2012-2020)
3.5.2.Patent analysis, by applicant
3.5.3.Patent analysis, by inventor

3.6.COVID-19 impact analysis on the global glutamic acid market

CHAPTER 4:GLOBAL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY

4.1.Overview

4.1.1Market size and forecast

4.2.Pharmaceutical

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Cosmetic and Personal Care

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Food Industry

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

CHAPTER 5:GLOBAL GLUTAMIC ACID MARKET, BY REGION

5.1.Overview

5.1.1.Market size and forecast

5.2.North America

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by end-use industry
5.2.3.Market analysis, by country

5.2.3.1.U.S.

5.2.3.1.1.Market size and forecast, by end-use industry

5.2.3.2.Canada

5.2.3.2.1.Market size and forecast, by end-use industry

5.2.3.3.Mexico

5.2.3.3.1.Market size and forecast, by end-use industry

5.3.Europe

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by end-use industry
5.3.3.Market analysis, by country

5.3.3.1.Germany

5.3.3.1.1.Market size and forecast, by end-use industry

5.3.3.2.France

5.3.3.2.1.Market size and forecast, by end-use industry

5.3.3.3.UK

5.3.3.3.1.Market size and forecast, by end-use industry

5.3.3.4.Italy

5.3.3.4.1.Market size and forecast, by end-use industry

5.3.3.5.Spain

5.3.3.5.1.Market size and forecast, by end-use industry

5.3.3.6.Rest of Europe

5.3.3.6.1.Market size and forecast, by end-use industry

5.4.Asia-Pacific

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by end-use industry
5.4.3.Market analysis, by country

5.4.3.1.China

5.4.3.1.1.Market size and forecast, by end-use industry

5.4.3.2.Japan

5.4.3.2.1.Market size and forecast, by end-use industry

5.4.3.3.India

5.4.3.3.1.Market size and forecast, by end-use industry

5.4.3.4.South Korea

5.4.3.4.1.Market size and forecast, by end-use industry

5.4.3.5.Australia

5.4.3.5.1.Market size and forecast, by end-use industry

5.4.3.6.Rest of Asia-Pacific

5.4.3.6.1.Market size and forecast, by end-use industry

5.5.LAMEA

5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market size and forecast, by end-use industry
5.5.3.Market analysis, by country

5.5.3.1.Brazil

5.5.3.1.1.Market size and forecast, by end-use industry

5.5.3.2.UAE

5.5.3.2.1.Market size and forecast, by end-use industry

5.5.3.3.Saudi Arabia

5.5.3.3.1.Market size and forecast, by end-use industry

5.5.3.4.South Africa

5.5.3.4.1.Market size and forecast, by end-use industry

5.5.3.5.Rest of LAMEA

5.5.3.5.1.Market size and forecast, by end-use industry

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.Introduction

6.1.1.Market player positioning, 2020

6.2.Competitive Heatmap

CHAPTER 7:COMPANY PROFILES

7.1.Ajinomoto Co., Inc.

7.1.1.Company overview
7.1.2.Key executive
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.R&D expenditure
7.1.7.Business performance

7.2.AMINO GmbH

7.2.1.Company overview
7.2.2.Key executive
7.2.3.Company snapshot
7.2.4.Product portfolio

7.3.Evonik Industries AG

7.3.1.Company overview
7.3.2.Key executive
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.R&D expenditure
7.3.7.Business performance

7.4.FUFENG GROUP

7.4.1.Company overview
7.4.2.Key executive
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.R&D expenditure
7.4.7.Business performance

7.5.Haihang Industry

7.5.1.Company overview
7.5.2.Key executive
7.5.3.Company snapshot
7.5.4.Product portfolio

7.6.Hefei TNJ Chemical Industry Co., Ltd.

7.6.1.Company overview
7.6.2.Key executive
7.6.3.Company snapshot
7.6.4.Product portfolio

7.7.KYOWA HAKKO BIO CO.,LTD

7.7.1.Company overview
7.7.2.Key executive
7.7.3.Company snapshot
7.7.4.Product portfolio

7.8.Medinex

7.8.1.Company overview
7.8.2.Key executive
7.8.3.Company snapshot
7.8.4.Product portfolio

7.9.Sichuan Tongsheng Amino acid Co., Ltd

7.9.1.Company overview
7.9.2.Key executive
7.9.3.Company snapshot
7.9.4.Product portfolio

7.10.Wuhan Amino Acid Bio-Chemical Co., Ltd

7.10.1.Company overview
7.10.2.Product portfolio

LIST OF TABLES

TABLE 01.GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 02.GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 03.GLUTAMIC ACID MARKET FOR PHARMACEUTICAL, BY REGION, 2020–2030 (KILOTONS)
TABLE 04.GLUTAMIC ACID MARKET FOR PHARMACEUTICAL, BY REGION, 2020–2030 ($MILLION)
TABLE 05.GLUTAMIC ACID MARKET FOR COSMETIC AND PERSONAL CARE, BY REGION, 2020–2030 (KILOTONS)
TABLE 06.GLUTAMIC ACID MARKET FOR COSMETIC AND PERSONAL CARE, BY REGION, 2020–2030 ($MILLION)
TABLE 07.GLUTAMIC ACID MARKET FOR FOOD INDUSTRY, BY REGION, 2020–2030 (KILOTONS )
TABLE 08.GLUTAMIC ACID MARKET FOR FOOD INDUSTRY, BY REGION, 2020–2030 ($MILLION)
TABLE 09.GLUTAMIC ACID MARKET FOR OTHER END-USE INDUSTRY, BY REGION, 2020–2030 (KILOTONS )
TABLE 10.GLUTAMIC ACID MARKET FOR OTHER END-USE INDUSTRY, BY REGION, 2020–2030 ($MILLION )
TABLE 11.GLOBAL GLUTAMIC ACID MARKET, BY REGION, 2020–2030 (KILOTONS)
TABLE 12.GLOBAL GLUTAMIC ACID MARKET, BY REGION, 2020–2030 ($MILLION )
TABLE 13.NORTH AMERICA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS)
TABLE 14.NORTH AMERICA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 (KILOTONS )
TABLE 16.NORTH AMERICA GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION )
TABLE 17.U.S. GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 18.U.S. GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 19.CANADA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 20.CANADA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 21.MEXICO GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 22.MEXICO GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 23.EUROPE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS)
TABLE 24.EUROPE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION)
TABLE 25.EUROPE GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 (KILOTONS )
TABLE 26.EUROPE GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION )
TABLE 27.GERMANY GLOBAL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS)
TABLE 28.GERMANY GLOBAL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION)
TABLE 29.FRANCE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 30.FRANCE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 31.UK GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 32.UK GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 33.ITALY GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 34.ITALY GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 35.SPAIN GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 36.SPAIN GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 37.REST OF EUROPE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 38.REST OF EUROPE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 39.ASIA-PACIFIC GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 40.ASIA-PACIFIC GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION)
TABLE 41.ASIA-PACIFIC GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 (KILOTONS )
TABLE 42.ASIA-PACIFIC GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION )
TABLE 43.CHINA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 44.CHINA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 45.JAPAN GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 46.JAPAN GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 47.INDIA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 48.INDIA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 49.SOUTH KOREA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 50.SOUTH KOREA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 51.AUSTRALIA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 52.AUSTRALIA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 53.REST OF ASIA-PACIFIC GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 54.REST OF ASIA-PACIFIC GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 55.LAMEA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 56.LAMEA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 57.LAMEA GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 (KILOTONS )
TABLE 58.LAMEA GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030 ($MILLION )
TABLE 59.BRAZIL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 60.BRAZIL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 61.UAE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 62.UAE GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 63.SAUDI ARABIA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 64.SAUDI ARABIA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 65.SOUTH AFRICA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 66.SOUTH AFRICA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 67.REST OF LAMEA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 (KILOTONS )
TABLE 68.REST OF LAMEA GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
TABLE 69.AJINOMOTO: KEY EXECUTIVES
TABLE 70.AJINOMOTO: COMPANY SNAPSHOT
TABLE 71.AJINOMOTO: OPERATING SEGMENTS
TABLE 72.AJINOMOTO: PRODUCT PORTFOLIO
TABLE 73.R&D EXPENDITURE: ($MILLION)
TABLE 74.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 75.AMINO GMBH: KEY EXECUTIVES
TABLE 76.AMINO GMBH: COMPANY SNAPSHOT
TABLE 77.AMINO GMBH: PRODUCT PORTFOLIO
TABLE 78.EVONIK: KEY EXECUTIVES
TABLE 79.EVONIK: COMPANY SNAPSHOT
TABLE 80.EVONIK: OPERATING SEGMENTS
TABLE 81.EVONIK: PRODUCT PORTFOLIO
TABLE 82.R&D EXPENDITURE: ($MILLION)
TABLE 83.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 84.FUFENG: KEY EXECUTIVES
TABLE 85.FUFENG: COMPANY SNAPSHOT
TABLE 86.FUFENG: OPERATING SEGMENTS
TABLE 87.FUFENG: PRODUCT PORTFOLIO
TABLE 88.R&D EXPENDITURE:($MILLION)
TABLE 89.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 90.HAIHANG: KEY EXECUTIVES
TABLE 91.HAIHANG: COMPANY SNAPSHOT
TABLE 92.HAIHANG: PRODUCT PORTFOLIO
TABLE 93.TNJ: KEY EXECUTIVES
TABLE 94.TNJ: COMPANY SNAPSHOT
TABLE 95.TNJ: PRODUCT PORTFOLIO
TABLE 96.KYOWA HAKKO: KEY EXECUTIVES
TABLE 97.KYOWA HAKKO: COMPANY SNAPSHOT
TABLE 98.KYOWA HAKKO: PRODUCT PORTFOLIO
TABLE 99.MEDINEX: KEY EXECUTIVES
TABLE 100.MEDINEX: COMPANY SNAPSHOT
TABLE 101.MEDINEX: PRODUCT PORTFOLIO
TABLE 102.SICHUAN TONGSHENG: KEY EXECUTIVES
TABLE 103.SICHUAN TONGSHENG: COMPANY SNAPSHOT
TABLE 104.SICHUAN TONGSHENG: PRODUCT PORTFOLIO
TABLE 105.WUHAN AMINO ACID BIO-CHEMICAL: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLUTAMIC ACID MARKET, BY SEGMENT, 2020–2030
FIGURE 03.GLUTAMIC ACID MARKET, BY COUNTRY, 2020–2030
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE TO HIGH BARGAINING POWER OF BUYERS
FIGURE 07.LOW THREAT OF SUBSTITUTES
FIGURE 08.MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE COMPETITIVE RIVALRY
FIGURE 10.MARKET DYNAMICS: GLOBAL GLUTAMIC ACID MARKET
FIGURE 11.GLUTAMIC ACID MARKET: VALUE CHAIN
FIGURE 12.GLUTAMIC ACID MARKET: PATENT ANALYSIS BY COUNTRY
FIGURE 13.GLUTAMIC ACID MARKET: PATENT ANALYSIS, BY APPPLICANT, 2012-2020
FIGURE 14.GLUTAMIC ACID MARKET: PATENT ANALYSIS, BY INVENTOR, 2012-2020
FIGURE 15.GLOBAL GLUTAMIC ACID MARKET, BY END-USE INDUSTRY, 2020–2030 ($MILLION )
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF GLUTAMIC ACID MARKET FOR PHARMACEUTICAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF GLUTAMIC ACID MARKET FOR COSMETIC AND PERSONAL CARE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF GLOBAL GLUTAMIC ACID MARKET FOR FOOD INDUSTRY BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF GLUTAMIC ACID MARKET FOR OTHER END-USE INDUSTRY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.GLOBAL GLUTAMIC ACID MARKET, BY RREGION, 2020–2030 ($MILLION)
FIGURE 21.U.S. GLOBAL GLUTAMIC ACID MARKET, 2020–2030 ($MILLION)
FIGURE 22.CANADA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 23.MEXICO GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 24.GERMANY GLUTAMIC ACID 2020–2030 ($MILLION )
FIGURE 25.FRANCE GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 26.UK GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 27.ITALY GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 28.SPAIN GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 29.REST OF EUROPE GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 30.CHINA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION)
FIGURE 31.JAPAN GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 32.INDIA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION)
FIGURE 33.SOUTH KOREA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 34.AUSTRALIA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 35.REST OF ASIA-PACIFIC GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 36.BRAZIL GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 37.UAE GLUTAMIC ACID MARKET, 2020–2030 ($MILLION)
FIGURE 38.SAUDI ARABIA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 39.SOUTH AFRICA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 40.REST OF LAMEA GLUTAMIC ACID MARKET, 2020–2030 ($MILLION )
FIGURE 41.MARKET PLAYER POSITIONING, 2020
FIGURE 42.COMPETITIVE HEATMAP
FIGURE 43.AJINOMOTO: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 44.AJINOMOTO: REVENUE, 2018–2020 ($MILLION)
FIGURE 45.AJINOMOTO: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 46.AJINOMOTO CO: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 47.EVONIK: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 48.EVONIK: REVENUE, 2018–2020 ($MILLION)
FIGURE 49.EVONIK: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 50.EVONIK: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 51.FUFENG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 52.FUFENG: REVENUE, 2018–2020 ($MILLION)
FIGURE 53.FUFENG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.FUFENG: REVENUE SHARE BY REGION, 2020 (%)


 
 

According to the perspective of the CXOs of leading companies, increased demand from end-use industries, continuous growth in demand for healthy and nutritional food, and extensive investments in R&D in the pharmaceutical industry leads to the development of new pharmaceutical products, which are expected to propel the glutamic acid market forward during the forecast period. Glutamic acid is primarily utilized as a flavor enhancer and food additive in the food industry. Over the forecast period, the total demand for glutamic acid is expected to be driven by a shift in the use of processed food and a growing customer desire for healthier food products. Glutamic acid is also employed in a variety of end-use industries, including pharmaceuticals, cosmetics, agriculture, and chemicals. The glutamic acid market is being driven by increased demand from these above mentioned end-use industries.

However, harmful effect associated with the usage of glutamic acid can have a restraining effect on the growth of the market.  Furthermore, the growth of the worldwide glutamic acid market may be impeded by fluctuating raw material prices and the government's harsh laws against chemical firms. Furthermore, during the forecast period from 2021 to 2030, shifting consumer preferences for natural food additives, as well as rising health concerns, are projected to create new opportunities for the glutamic acid market

 

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A. Increased demand from pharmaceutical and cosmetic industry in the primary factor boosting the glutamic acid market growth.

A. The glutamic acid market was valued at $9.8 billion in 2020, and is projected to reach $16.6 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030.

A. AMINO GmbH Ajinomoto Co., Inc. Evonik industries Fufeng group

A. Pharmaceutical industry is projected to increased demand for glutamic acid market owing to high government spending on pharmaceutical industry and increased demand during COVID-19 pandemic.

A. By end-use industry Pharmaceutical Cosmetic and Personal Care Food industry Other

A. Increasing usage of natural food additives in the food industry is the main driver of glutamic acid market.

A. Application of glutamic acid like food additive and flavor enhancer is expected to drive the adoption of glutamic acid.

A. COVID-19 pandemic is going to positively impact glutamic acid market in 2021 owing to the increased demand for pharmaceuticals and packaged food due to COVID-19 pandemic.

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