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The monosodium glutamate (MSG) market size is forecast to increase by USD 1.64 billion at a CAGR of 5.52% between 2023 and 2028.
The monosodium glutamate (MSG) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
MSG, or Monosodium Glutamate, is a flavor enhancer widely used In the food industry and increasingly popular among home cooks. Its ability to enhance savory flavors makes it a sought-after ingredient for creating delicious dishes. MSG is readily accessible to consumers through offline distribution channels, allowing them to purchase it during their regular shopping trips. Effective product placement and visibility within retail stores can significantly influence consumer purchasing decisions. In addition, MSG is versatile and can be used in various food applications, including herbs and seasonings, spices, bakery and confectionery, and soup. Small-scale companies and chefs also use MSG In their bespoke mixes to create unique and flavorful dishes. The clean label movement has led to an increase in demand for MSG as a natural alternative to artificial flavor enhancers. Overall, MSG's versatility, accessibility, and ability to enhance food flavors make it a valuable ingredient In the food industry.
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The offline segment was valued at USD 3.39 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Monosodium Glutamate (MSG), an amino acid, is widely used as a flavor enhancer in various food industries, particularly in Asian cuisines. MSG enhances the umami flavor, which is savory and rich, making it a popular choice in countries like China, Japan, South Korea, and Thailand. The preference for savory and umami-rich flavors In the Asia Pacific (APAC) region drives the demand for MSG. The increasing consumption of processed and convenience foods in urban areas, coupled with the expansion of restaurants, fast-food chains, and street food companies, fuels the usage of MSG. Furthermore, rapid urbanization and changing dietary habits have led more consumers to opt for ready-to-eat and processed foods, often containing MSG. MSG is also derived from natural sources such as fish, nuts, mushrooms, meats, tomatoes, seaweed, corn, and sugarcane. The global MSG market is expected to grow due to these factors.
Our monosodium glutamate (msg) market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased awareness and acceptance of MSG is the key driver of the market.
Expansion of MSG applications is the upcoming market trend.
Misinformation and negative consumer perception regarding MSG is a key challenge affecting the industry growth.
The monosodium glutamate (msg) market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the monosodium glutamate (msg) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, monosodium glutamate (msg) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Monosodium glutamate (MSG), a flavor enhancer and food additive, has been a significant component of various cuisines for decades. This white crystalline powder, derived from the fermentation process of bacteria, has been used extensively In the food industry to enhance savory dishes' umami taste. This content explores the dynamics of the MSG market, focusing on its applications, production processes, and market trends. Amino acids, the building blocks of proteins, play a crucial role In the food industry. MSG, specifically glutamate, is one such amino acid that imparts a savory taste to various food products.
Moreover, MSG is derived from various sources such as amino-rich materials like fish, nuts, mushrooms, meats, tomatoes, seaweed, and dairy products. The production process involves the fermentation of these sources using bacteria, resulting in MSG. MSG has been a staple In the food industry, with applications ranging from baked goods and sauces to meat products and cheeses. Its use as a flavor enhancer in processed foods, fast food, and convenience meals has been widespread. MSG is also a popular ingredient in savory dishes, including marinades, seasonings, and broths, across various cuisines. The global foodservice industry's adoption of MSG as a flavor enhancer has been significant.
In addition, MSG's role in enhancing the taste of various dishes, particularly in Asian cuisines, has made it an essential ingredient in restaurants and foodservice establishments worldwide. MSG's versatility extends to various food processing technologies, including canned vegetables, processed meats, and instant noodles. The clean label movement, a consumer trend towards preferring natural and minimally processed foods, has led to a shift In the MSG market. Consumers' increasing awareness of health issues related to MSG consumption has led to the emergence of alternative flavor enhancers such as yeast extracts and herb and seasoning blends. Small-scale companies have capitalized on this trend, offering bespoke mixes and seasonings that cater to consumers' preferences.
Furthermore, the MSG market's dynamics are influenced by various factors, including distribution channels, consumer preferences, and culinary trends. The distribution of MSG is facilitated by its availability in various forms, including bulk, granular, and powdered forms, making it easily accessible to food manufacturers and foodservice establishments. The culinary scene's evolving trends, including the popularity of functional foods, handy foods, snacks, and soups, have led to an increased demand for MSG. The younger generation's preference for salt substitutes and protein-rich goods has also influenced the MSG market's dynamics. MSG's role as a flavor enhancer in ready-to-eat and ready-to-cook meals, particularly in savory snacks and seasonal mixes, has made it a popular ingredient In the convenience foods market.
In addition, the food service industry's adoption of MSG in processed foods, including sauces, dressings, and savory snacks, has further fueled its demand. Therefore, the MSG market's dynamics are influenced by various factors, including the food industry's evolving trends, consumer preferences, and production processes. MSG's role as a flavor enhancer and food additive has made it an essential ingredient in various cuisines and food products. The global foodservice industry's adoption of MSG, particularly in Asian cuisines, has made it a staple ingredient in restaurants and foodservice establishments worldwide. The clean label movement's influence on the MSG market and the emergence of alternative flavor enhancers have led to a shift In the market's dynamics, with small-scale companies capitalizing on consumer preferences for natural and minimally processed foods.
Monosodium Glutamate (MSG) Market Scope |
|
Report Coverage |
Details |
Page number |
195 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.52% |
Market growth 2024-2028 |
USD 1.64 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.83 |
Key countries |
China, Japan, Indonesia, India, and Thailand |
Competitive landscape |
Leading Companies, market growth and forecasting , Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Distribution Channel
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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