Global Monosodium Glutamate (MSG) Market – Growth, Trends, and Forecasts (2018- 2023)
The global Monosodium Glutamate (MSG) market is expected to register a CAGR of 4.9% during the forecast period of 2018-2023.
The food processing industries are the major end users of MSG, who use it for the production of packaged and convenience food products. For instance, MSG is used as a flavor enhancer and food additive for many dishes, such as sauces, baked goods, meat, and milk products and cheeses. Moreover, it is used as an additive in dairy applications, to increase the shelf life and taste of products. MSG is readily available in several names, such as accent, Ajinomoto, and third spice. These varied applications have been driving the MSG market over the years.
MSG is recognized by the European Union under the ‘safe-for-use food additive’ and as ‘GRAS’ (generally recognized as safe) food ingredient by the US Food and Drug Administration (FDA). However, its use remains controversial, and thus, the label requires it to be listed. The use of flavor enhancers has been a concern for consumer segments in the West, which is influenced by the fact that these ingredients cause health effects, such as headaches, allergic reactions, and nausea, a condition commonly known as ‘Chinese Restaurant Syndrome’. This controversial image of MSG acts as a restraint for the market’s growth.
The increasing preference of people toward processed and fast foods, owing to hectic lifestyles, is expected to remain a key driving factor for the global MSG market during the forecast period.
Based on application, the monosodium glutamate market can be segmented into noodles, soup, and sauces, seasonings, and condiments and others. The demand for packaged instant foods, particularly Chinese cuisines, requires massive quantities of MSG as an ingredient, with flavor enhancement as the major function.
By end-user industry, the market can be segmented into food processors, food service sectors, and retail sector. Notably, the food service sector accounted for a 30.13% share of the MSG market, in 2017.
Asia-Pacific leads the global MSG market, followed by other countries. Owing to the increasing consumption of processed food, dairy, and other food products, China, India, and Japan drive the demand for MSG in the Asia-Pacific region. North America, Europe, Latin America, and Africa accounted for small share in 2014.Major PLAYERS: AJINOMOTO CO. INC., COFCO (CHINA NATIONAL CEREALS, OILS, AND FOODSTUFFS CORPORATION), EPPENS.CN, FUFENG GROUP, FUJIAN WUYI MS, GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED, HENAN LOTUS, LOTUS HEALTH INDUSTRY HOLDING GROUP COMPANY, NINGXIA EPPEN and MEIHUA GROUP, amongst others.
The Ajinomoto Company is world’s largest manufacturer of sodium glutamate, with manufacturing sites in Peru, Brazil, Japan, the United States, China, and France among others.
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