North America Glutamic Acid Market Size, Share & Trends Analysis Report By End-use (Food Industry, Pharmaceutical, Cosmetic & Personal Care, and Others), By Country and Growth Forecast, 2023 - 2030
Description
North America Glutamic Acid Market Size, Share & Trends Analysis Report By End-use (Food Industry, Pharmaceutical, Cosmetic & Personal Care, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Glutamic Acid Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,101.15 Kilo Tonnes, showcasing a growth of 3.8% (2019-2022).
The clean label movement, characterized by a demand for transparency and natural ingredients, has influenced the market. Consumers increasingly scrutinize product labels, seeking formulations that align with clean label principles. In response, manufacturers are exploring clean-label alternatives and natural sources of umami to cater to consumer preferences. This trend has led to the development of glutamic acid-free or reduced formulations and the use of naturally occurring its sources like tomatoes and seaweed.
As a key contributor to umami, it is at the forefront of culinary innovations. Chefs and food scientists are experimenting with umami-rich ingredients to create fusion cuisines that transcend cultural boundaries. This trend is reflected in the development of new products, restaurant offerings, and culinary experiences that celebrate its savory and complex taste. Beyond its traditional role as a flavor enhancer, it is finding applications in functional foods. The integration of these acids into products designed to offer health benefits is gaining traction. This includes incorporating the acid in formulations promoting gut health, cognitive function, and overall well-being. As consumer awareness of the connection between nutrition and health grows, functional foods containing this acid are positioned for increased market adoption.
Numerous variables can impact the demand for cosmetics in Canada, such as shifting consumer preferences, industry developments, and trends. The United States has a culturally diverse population with various culinary preferences. It is an ingredient widely utilized in various cuisines, including Asian, American, and European, due to its reputation for augmenting savory flavors. As per the data provided by the report named Advance Monthly Sales for Retail and Food Services, September 2023, released by the U.S Census Bureau, preliminary estimates placed retail and culinary services sales in the United States at $704.9 billion. Comparing the July 2023 to September 2023 period to the corresponding period of the previous year revealed a 3.1 percent (±0.4 percent) increase in total sales. Therefore, North America's rising cosmetics and food industries will help expand the regional market.
The US market dominated the North America Glutamic Acid Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,327.8 million by 2030. The Canada market is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.9% during (2023 - 2030).
Based on End-use, the market is segmented into Food Industry, Pharmaceutical, Cosmetic & Personal Care, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key 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
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Food Industry
- Pharmaceutical
- Cosmetic & Personal Care
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
76 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Glutamic Acid Market, by End-use
- 1.4.2 North America Glutamic Acid Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market At a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Glutamic Acid Market, By End-use
- 4.1 North America Food Industry Market, By Country
- 4.2 North America Pharmaceutical Market, By Country
- 4.3 North America Cosmetic & Personal Care Market, By Country
- 4.4 North America Others Market, By Country
- Chapter 5. North America Glutamic Acid Market, By Country
- 5.1 US Glutamic Acid Market
- 5.1.1 US Glutamic Acid Market, By End-use
- 5.2 Canada Glutamic Acid Market
- 5.2.1 Canada Glutamic Acid Market, By End-use
- 5.3 Mexico Glutamic Acid Market
- 5.3.1 Mexico Glutamic Acid Market, By End-use
- 5.4 Rest of North America Glutamic Acid Market
- 5.4.1 Rest of North America Glutamic Acid Market, By End-use
- Chapter 6. Company Profiles
- 6.1 Ajinomoto Co., Inc.
- 6.1.1 Company Overview
- 6.1.2 Financial Analysis
- 6.1.3 Segmental & Regional Analysis
- 6.1.4 Research & Development Expenses
- 6.1.5 SWOT Analysis
- 6.2 Evonik Industries AG (RAG-Stiftung)
- 6.2.1 Company Overview
- 6.2.2 Financial Analysis
- 6.2.3 Segmental and Regional Analysis
- 6.2.4 Research & Development Expenses
- 6.2.5 SWOT Analysis
- 6.3 Wuhan Amino Acid Bio-Chemical Co., Ltd.
- 6.3.1 Company Overview
- 6.3.2 SWOT Analysis
- 6.4 Sichuan Tongsheng Amino acid Co., Ltd
- 6.4.1 Company Overview
- 6.4.2 SWOT Analysis
- 6.5 MEDINEX
- 6.5.1 Company Overview
- 6.6 KYOWA HAKKO BIO CO. LTD. (Kirin Holdings Company, Limited)
- 6.6.1 Company Overview
- 6.6.2 Financial Analysis
- 6.6.3 Segmental and Regional Analysis
- 6.6.4 Research & Development Expenses
- 6.6.5 SWOT Analysis
- 6.7 Hefei TNJ Chemical Industry Co.,Ltd.
- 6.7.1 Company Overview
- 6.8 Haihang Industry Co.,Ltd. (Haihang Group)
- 6.8.1 Company Overview
- 6.9 Fufeng Group Limited
- 6.9.1 Company Overview
- 6.9.2 Financial Analysis
- 6.9.3 Segmental and Regional Analysis
- 6.9.4 Research & Development Expenses
- 6.10. AMINO GmbH
- 6.10.1 Company Overview
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