Glutamic Acid Industry Overview
The global glutamic acid market size was valued at USD 9.54 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028.
Increasing demand for animal feed, coupled with the growing utilization of food additives and food enhancers in the food and beverages industry, is estimated to trigger the product demand in the near future. The spread of the COVID-19 virus has crippled several economies and severely impacted the supply chains across industries. The production and consumption of glutamic acid are highly influenced by its demand from the end-use industries. Thus, any fluctuations in the demand from the end-use industries are anticipated to directly impact the demand for glutamic acid. The increasing awareness among individuals regarding consuming healthy products has positively impacted the demand for glutamic acid in the food and beverages and pharmaceuticals sectors.
Gather more insights about the market drivers, restrains and growth of the Global Glutamic Acid Market
The key raw materials used to produce glutamic acid include Coryneform bacteria, glucose, and sugarcane molasses. The product is manufactured using required raw materials through the fermentation process, which involves various steps such as fermentation, centrifugation, carbon adsorption, evaporation, crystallization, and ion exchange. The fermentation process has gained popularity among manufacturers owing to the high quality and purity of products obtained through this process. However, the process is capital-intensive and has high energy and water requirements.
The key suppliers of raw materials include Ambuja Group, Roquette Frères, Cargill, Incorporated, Eurosweet GmbH, Mahajan Molasses Company, and United States Biological. These suppliers are well-established players operating for a long time in the industry and have a strong distribution network.
Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.
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Glutamic Acid Market Segmentation
Grand View Research has segmented the glutamic acid market report on the basis of application and region:
Glutamic Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Food & Beverages
- Pharmaceuticals
- Animal Feed
- Others
Glutamic Acid Regional Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights
- April 2019: As per an article published by Dairy Food, The per capita consumption of cheese such as Cheddar and Colby-Jack in North America increased from 11.7 pounds in 1995 to 15 pounds in 2017.
Key Companies profiled:
Some prominent players in the global glutamic acid market include
- Ajinomoto Co., Inc.
- Akzo Nobel N.V.
- Evonik Industries AG
- Sichuan Tongsheng Amino acid Co., Ltd.
- KYOWA HAKKO BIO CO., LTD.
- Ottokemi
- Hefei TNJ Chemical Industry Co., Ltd.
- Suzhou Yuanfang Chemical Co., Ltd.
- Global Bio-chem Technology Group Company Limited
- Ningxia Yipin Biological Technology Co., Ltd.
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