Market Overview:
The global glutamic acid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for glutamic acid from the pharmaceutical and food additives industries. Glutamic acid is used as an excipient and flavoring agent in various pharmaceutical formulations. It is also used as a flavor enhancer in food products such as processed meat, sauces, seasonings, snacks, and ready-to-eat meals. Additionally, it is added to animal feed products to improve their palatability.
Product Definition:
One of the 20 amino acids that make up proteins; found in high levels in foods such as cheese, eggs, and soy sauce. It is a nonessential amino acid that can be produced by the body.
Biosynthesis:
Biosynthesis is the process in which microorganisms or plants make a compound for use as an intermediate, raw material, or food source. In biosynthesis, natural compounds are used to produce complex molecules such as antibiotics and vitamins. Biosynthetic processes involve the conversion of simple chemical building blocks into more complex ones (intermediates and final products). The end product can be further processed to yield valuable chemicals such as pharmaceuticals and specialty nutrients.
Industrial Synthesis:
Industrial synthesis is a process in which raw materials are converted into another form by chemical reactions. In this process, different chemicals are used to change the properties of raw materials such as alkalinity, acidity, viscosity and others. The most commonly used chemicals for industrial synthesis include acids & bases (A&B), reagents & catalysts (RC), heat & oxidation (H&O) and hydrolysis/rehydration (HR).
Application Insights:
The global glutamic acid market is segmented on the basis of application into pharmaceutical, food additives, and animal & pet food. The pharmaceutical segment accounted for a share of over 40% in 2017. Over the past few years, there has been an increasing demand for medicines that contain glutamate as a key ingredient owing to its therapeutic benefits. For instance, lamotrigine tablets are used in the treatment of epilepsy and depression whereas baclofen is used for muscle relaxation and anxiety disorders respectively among other uses.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of 39.0% in 2017. This is attributed to increasing consumption of food additives and pharmaceutical products, coupled with rising demand for meat tenderizers and flavor enhancers from emerging economies such as China, India, Indonesia, Vietnam and Thailand. Moreover, the region is expected to witness significant growth over the forecast period owing to rapid industrialization along with supportive government policies aimed at promoting domestic production capabilities for key ingredients including SABAKUTAN HCL (SABRA KHAO JIAO), GLUTAMIC ACID (L-glutamic acid) & D-ALANYLCARBOXYLASE (ALD).
North America accounted for a major share in terms of volume as well as revenue generation due to high demand from end-use industries such as nutraceuticals and pharmaceuticals. The U.S.
Growth Factors:
- Increasing demand for processed foods: The global population is growing at a rapid pace and with it, the demand for processed foods is also increasing. This will create opportunities for the glutamic acid market as it is used as a flavor enhancer in many processed foods.
- Rising awareness of health benefits: Glutamic acid has various health benefits such as improving cognitive function, reducing stress levels, and aiding in weight loss. This will lead to an increase in its demand over the forecast period.
- Growing popularity of Asian cuisine: The popularity of Asian cuisine is rising all over the world and with it, the demand for glutamic acid as a flavor enhancer is also increasing. This will create new opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Glutamic Acid Market Research Report
By Type
Biosynthesis, Industrial Synthesis
By Application
Pharmaceutical, Food Additives, Animal & Pet Food
By Companies
EPPEN Bioengineering Stock, Kyowa Hakko Bio, Bachem, Iris Biotech, Ajinomoto, Evonik Industries, Global Bio-Chem Technology Group Company, Ningxia, Sichuan Tongsheng Amino Acid, Suzhou Yuanfang Chemical, EPPEN Bioengineering Stock
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Glutamic Acid Market Report Segments:
The global Glutamic Acid market is segmented on the basis of:
Types
Biosynthesis, Industrial Synthesis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Food Additives, Animal & Pet Food
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EPPEN Bioengineering Stock
- Kyowa Hakko Bio
- Bachem
- Iris Biotech
- Ajinomoto
- Evonik Industries
- Global Bio-Chem Technology Group Company
- Ningxia
- Sichuan Tongsheng Amino Acid
- Suzhou Yuanfang Chemical
- EPPEN Bioengineering Stock
Highlights of The Glutamic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Biosynthesis
- Industrial Synthesis
- By Application:
- Pharmaceutical
- Food Additives
- Animal & Pet Food
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Glutamic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Glutamic acid is an amino acid that is found in many foods. It is a building block of proteins and can be found in meat, dairy products, legumes, and vegetables.
Some of the key players operating in the glutamic acid market are EPPEN Bioengineering Stock, Kyowa Hakko Bio, Bachem, Iris Biotech, Ajinomoto, Evonik Industries, Global Bio-Chem Technology Group Company, Ningxia, Sichuan Tongsheng Amino Acid, Suzhou Yuanfang Chemical, EPPEN Bioengineering Stock.
The glutamic acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glutamic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Glutamic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glutamic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Glutamic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Glutamic Acid Market Size & Forecast, 2020-2028
4.5.1 Glutamic Acid Market Size and Y-o-Y Growth
4.5.2 Glutamic Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Biosynthesis
5.2.2 Industrial Synthesis
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Food Additives
6.2.3 Animal & Pet Food
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glutamic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Glutamic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Biosynthesis
9.6.2 Industrial Synthesis
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Food Additives
9.10.3 Animal & Pet Food
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Biosynthesis
10.6.2 Industrial Synthesis
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Food Additives
10.10.3 Animal & Pet Food
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Biosynthesis
11.6.2 Industrial Synthesis
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Food Additives
11.10.3 Animal & Pet Food
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Biosynthesis
12.6.2 Industrial Synthesis
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Food Additives
12.10.3 Animal & Pet Food
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Biosynthesis
13.6.2 Industrial Synthesis
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Food Additives
13.10.3 Animal & Pet Food
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Glutamic Acid Market: Competitive Dashboard
14.2 Global Glutamic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EPPEN Bioengineering Stock
14.3.2 Kyowa Hakko Bio
14.3.3 Bachem
14.3.4 Iris Biotech
14.3.5 Ajinomoto
14.3.6 Evonik Industries
14.3.7 Global Bio-Chem Technology Group Company
14.3.8 Ningxia
14.3.9 Sichuan Tongsheng Amino Acid
14.3.10 Suzhou Yuanfang Chemical
14.3.11 EPPEN Bioengineering Stock
