Glutamic acid is referred to as non-essential amino acid commonly found in all kinds of protein compounds. The primary resources for glutamic acid are beets, parsley, cabbage, wheat, spinach, wheatgrass, cereals, and others. It is also found in poultry and aquatic food products. Glutamic acid is used as a food enhancer to improve the flavors of food products. Also, beans and legumes are highly rich in proteins and contain ample amount of glutamic acids. It plays a vital role in the body's metabolism and further acts as a neurotransmitter that maintain brain function. In addition, it has a wide range of health benefits of glutamic acid across the pharmaceutical end-use industry.
Global glutamic acid market is expected to surpass US$ 17,368.5 Mn by the end of 2030 and exhibit a CAGR of 5.8% during the forecast period (2022 to 2030).
Rising awareness about nutritious food
Consumer awareness regarding healthy food is driving the global glutamic acid industry growth. Glutamic acid is used as a food enhancer and it has several health benefits. Also, the general population prefer wholesome foods across the globe which further boosted the demand for glutamic acid. For instance, the sodium salt of glutamic acid named MSG is widely added to soups, canned vegetables, carbohydrate-based snacks, salad dressings, instant noodles, dairy goods, and others. Moreover, the rising consumption of energy drinks and processed and packaged food are the major factors to accelerate the global glutamic acid market growth.
Growing preference for ready-to-drink beverages
The increasing consumption of ready-to-drink beverages & packaged foods among developing economies such as China and India is likely to boost demand for glutamic acid. Moreover, growing preference for healthy eating habits and modifying lifestyle trends among consumers are driving the demand for glutamic acid. In addition, the demand for food products such as bakery goods, carbonated beverages, sweets, and others among the customers is projected to propel the market growth.
Side effects associated with the excessive consumption of glutamic acid
The excessive consumption of glutamic acid negatively impacts normal health. This may cause swelling of the nose, irritation to the skin, headache, and nausea. Moreover, a high intake of glutamic acid causes allergic reactions, swelling of the throat, burning of the skin, and other health issues. These factors adversely affect the market for glutamic acid. However, the limited consumption of glutamic acid which is preferred by the physician in supplement foods is likely to overcome the issues regarding negative side effects of glutamic acid.
Soaring demand for glutamic acid in the animal feed industry
The increasing consumption of poultry and aquatic products such as gees, pork, fish, chicken, beef, shrimp, turkeys, and others is projected to bolster the global glutamic acid market growth throughout the forecast timeline.
Figure 1. Global Glutamic Acid Market Revenue Share (%), By Region, 2021
Asia Pacific held the highest revenue share in 2021 and expected to witness substantial CAGR throughout the review period. The growing end-use industries such as food & beverages, animal feed, cosmetics, pharmaceuticals, personal care, among others are likely to propel the regional market growth. In the Asia Pacific region, China is a major leading animal feed producer due to its high population. Thailand and Vietnam are the main consumer industries for animal feed, owing to growing set-ups regarding cow farming.
On the other hand, North America accounted for the second-largest market share. Soaring demand for highly beneficial glutamic acid-based drug is projected to accelerate the growth of the glutamic acid market. Thes acids are widely used in pharmaceutical industry due to its health benefits. Glutamic acid is used to support prostate health, enhance athletic performance, boost the immune system, and for various benefits in digestive health. Thus, these are the main factors that result in the growing demand for glutamic acid throughout the region.
Glutamic Acid Market Report Coverage
|Base Year:||2021||Market Size in 2021:||US$ 10,430.2 Mn|
|Historical Data for:||2017-2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||5.8%||2030 Value Projection:||US$ 17,368.5 Mn|
IRIS BIOTECH GMBH, Ajinomoto Co., Inc., Akzo Nobel N.V., Evonik Industries AG, KYOWA HAKKO BIO CO., LTD., Sichuan Tongsheng Amino acid Co., Ltd, Ningxia Eppen Biotech Co., Ltd, Global Bio-chem Technology Group Company Limited., Otto Chemie Pvt. Ltd., and Hefei TNJ Chemical Industry Co., Ltd.
|Restraints & Challenges:||
Figure 2. Global Glutamic Acid Market Revenue Share (%), By Application, 2021
By application, the global glutamic market is categorized into food & beverages, cosmetics & personal care, pharmaceuticals, animal feed, and others. Among the application, the food & beverages industry is accounted for the largest market share in 2021. Glutamic acid is used for enhancing the taste of food. This acid is a frequent component of processed meat, carbohydrate-based snacks, canned vegetables, and dairy products such as bread, ice cream, cheese, and others. Furthermore, glutamic acid is used for building protein blocks in the human body. Also, the rising preference for ready-to-eat food products is one of the key factors driving the segment growth.
Pharmaceuticals is projected to grow at a substantial CAGR over the assessment period. Glutamic acid serves as an anticancer and neurotransmitter drug used to cure cancer and mental health issues. This acid is also used for the treatment of epilepsy, muscular dystrophy, and nerve cell damage, among others throughout chemotherapy. Some government policies regarding production of glutamic acid is introduced across the pahrmacuetical sector which further likely to drive the global glutamic acid growth over the forecast period. On the other hand, the cosmetics & personal care segment is expected to show a significant CAGR throughout the following years. Glutamic acid is used in different kinds of personal & skin care products such as hair care products, anti-aging creams, acne lotions, bath products, eye cosmetics, and others.
Global Glutamic Acid Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 outbreak has had a significant impact on the global market for glutamic acid. The pandemic is expected to disrupt regular economic activity and daily life worldwide in 2020. During COVID-19, there was interruption in the supply chain of raw materials throughout the globe. In addition, food & beverages industry has been impacted badly throughout the COVID-19 due to strict lockdown which further affected on demand for global glutamic acid market.
Key players operating in the global glutamic acid market include IRIS BIOTECH GMBH, Ajinomoto Co., Inc., Akzo Nobel N.V., Evonik Industries AG, KYOWA HAKKO BIO CO.,LTD., Sichuan Tongsheng Amino acid Co., Ltd, Ningxia Eppen Biotech Co., Ltd, Global Bio-chem Technology Group Company Limited., Otto Chemie Pvt. Ltd., and Hefei TNJ Chemical Industry Co., Ltd.
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