Global Monosodium Glutamate (MSG) Market 2017-2021

Overview of the global MSG market

According to Technavio’s monosodium glutamate market forecast, the global MSG market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The expanding application of MSG in animal feedstock will drive the prospects for the global mono sodium glutamate (MSG) market growth until the end of 2021. One of the major factors responsible for the growing preference for MSG food additives in animal feed is to increase the livestock production of cattle, broiler, and swine. In addition, since MSG optimizes feed utilization, increases digestibility of animal feeds, reduces feed-borne pathogens, optimizes feed costs, supports optimal digestive health, and prevents feed toxins, they are increasingly used for animal feedstock. Furthermore, MSG encourages the feeding rates of a particular feed item and increases serum proteins, blood glucose levels, cholesterol, and triacylglycerol levels in animals.

The increasing adoption of MSG in chelating agents will drive the prospects for the global monosodium glutamate market growth for the next four years. Some of the major factors responsible for the growing adoption of MSG as a preliminary material for chelating agents is to make products environmentally safe and green and an alternative to phosphates, nitrilotriacetate (NTA) and ethylenediaminetetraacetate (EDTA), biodegradable, and highly soluble.

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Competitive landscape and key vendors

The global MSG market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Also, these vendors are increasingly focusing on distinguishing their product offerings through a clear and unique value proposition to survive and succeed in this competitive environment. Moreover, it has been observed that these vendors are increasingly competing against each other based on factors such as quality, price, service, and distribution. Furthermore, they are also focusing on expansion strategies such as the extension of their product lines and adoption of latest technical standards and continuous quality control assurance of all production processes.

Key vendors in this market are -

• AJINOMOTO
• COFCO
• FUFENG
• Lotus Health Industry
• Meihua

Other prominent vendors in the market include Fujian Province Jianyang Wuyi MSG, Linghua, Shandong Qilu Biotechnology, and Vedan International.

Segmentation by application and analysis of the MSG market

• Food processing industry
• Restaurants
• Institutional food service

The food processing industry accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. The increasing demand for MSG consumption in food processing industries from APAC especially countries such as China, Japan, Indonesia, Taiwan, and India will fuel the market segment’s growth in the coming years. Moreover, the growing trend for foreign collaborations, industrial licenses, and joint ventures to boost the growth of the food processing industry will further drive the demand for MSG consumption.

Segmentation by geography and analysis of the MSG market

• APAC
• Europe
• North America
• ROW

In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market's growth in the region is the increasing disposable income, rising purchasing power and health consciousness, growing demand for packaged and processed foods, rising population in APAC, and increasing number of food manufacturing vendors.

Key questions answered in the report include

• What will the monosodium glutamate market size and the growth rate be in 2021?
• What are the key factors driving the global monosodium glutamate (MSG) market?
• What are the key market trends impacting the growth of the global monosodium glutamate (MSG) market?
• What are the challenges to market growth?
• Who are the key vendors in the global monosodium glutamate (MSG) market?
• What are the market opportunities and threats faced by the vendors in the global monosodium glutamate (MSG) market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global monosodium glutamate (MSG) market?

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