Glutamic Acid Market Size Volume, Share, Demand growth, Business Opportunity by 2030

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The global Glutamic Acid market size is expected to be worth around US$ 20.16 billion by 2030, according to a new report by Vision Research Reports.

The global Glutamic Acid market size was valued at US$ 10.24 billion in 2020 and is anticipated to grow at a CAGR of 8.6% during forecast period 2021 to 2030.

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Glutamic Acid Market (By Application: Food & Beverages, Pharmaceuticals, Animal Feed) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 20.16 billion by 2030
Growth Rate CAGR of 8.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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.

Growth Factors

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.

By Application Analysis

The food and beverages application segment dominated the market with a revenue share of over 85.0% in 2020. This is attributed to the growing utilization of glutamic acid in the food and beverages industry as a flavor enhancer.

The pharmaceuticals segment is anticipated to expand at the highest revenue-based CAGR of 9.0% over the forecast period. In pharmaceutical applications, glutamic acid plays a vital role in the prevention of nerve damage during

In the personal care and cosmetic industry, glutamic acid is used to adjust pH concentrations in cosmetics and personal products. It is used in baby products, eye makeup, hair care products, skin care products, bath products, and anti-aging creams, among others.

By Regional Analysis

Asia Pacific dominated the market with a revenue share of over 50.0% in 2020 and is expected to witness the fastest growth over the forecast period. This is attributed to the expansion of the end-use industries such as animal feed, pharmaceutical, cosmetics and personal care, and food and beverage, in the developing economies of the region.

The demand for animal feed in countries such as India and China is projected to grow due to the presence of an abundant livestock population. Pork and poultry emerged as the prominent livestock segment in Asia Pacific owing to the growing preference for meat in local cuisines.

North America accounted for the second-largest market share in 2020. In North America, the demand for glutamic acid is anticipated to be driven by the growing demand for pharmaceuticals and animal feed.

Key Players

  • 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.

Market Segmentation

  • By Application
    • Food & Beverages
    • Pharmaceuticals
    • Animal Feed
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

Table of Content

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Glutamic Acid Market, By Application

7.1.  Glutamic Acid Market, by Application, 2021-2030

7.1.1.    Food & Beverages

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Pharmaceuticals

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Animal Feed

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Others

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Glutamic Acid Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  Ajinomoto Co., Inc.

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Akzo Nobel N.V.

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Evonik Industries AG

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Sichuan Tongsheng Amino acid Co., Ltd.

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  KYOWA HAKKO BIO CO., LTD.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Ottokemi

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Hefei TNJ Chemical Industry Co., Ltd.

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Suzhou Yuanfang Chemical Co., Ltd.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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