North America Monosodium Glutamate Market Size, Share, and COVID-19 Impact Analysis, By Application (Additives, Acidity Regulators, Preservatives, and Others), By End-User (Food Processing, Pharmaceuticals, Cosmetics, Animal Feed, and Others), and North America Monosodium Glutamate Market Insights, Industry Trend, Forecasts to 2033.
Industry: Chemicals & MaterialsNorth America Monosodium Glutamate Market Insights Forecasts to 2033
- The North America Monosodium Glutamate Market Size is Growing at a CAGR of 7.69% from 2023 to 2033
- The North America Monosodium Glutamate Market Size is Expected to Hold a Significant Share by 2033
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The North America Monosodium Glutamate Market Size is Anticipated to Reach USD 59.11 Billion by 2033, Growing at a CAGR of 7.69% from 2023 to 2033.
Market Overview
The market for monosodium glutamate (MSG), a flavor enhancer that is widely utilized in the food and beverage industry, is located in North America. MSG, a salt of glutamic acid, an amino acid that is found naturally in foods like cheese and tomatoes, is commonly used to add the umami flavor to a variety of processed foods, soups, snacks, and spices. MSG is frequently utilized in the cooking of savory dishes and is an essential component in taste improvement. The growing demand for processed snacks and convenience meals is the primary driver of the MSG market in North America. MSG is increasingly utilized to improve flavor profiles and taste due to busy lifestyles that lead to a rise in the consumption of packaged and ready-to-eat meals. The growing food and beverage sector drives the North American MSG market, particularly in seasonings, ready meals, and fast food. MSG is a low-cost way to add flavor without excessive sodium levels, making it popular among producers. Government policies and regulations, such as FDA certification, instill trust among consumers and producers. Government initiatives promoting taste and nutrition in public health also encourage the continued use of MSG in the food industry, driving demand in North America.
Report Coverage
This research report categorizes the market for the North America monosodium glutamate market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America monosodium glutamate market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America monosodium glutamate market.
North America Monosodium Glutamate Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 7.69% |
Historical Data for: | 2019-2022 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 163 |
Segments covered: | By Application, By End-User |
Companies covered:: | Cargill, Incorporated, B&G Foods, Inc., Tate & Lyle PLC, Kerry Group plc., Ajinomoto Co., Inc., and other key vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The market for monosodium glutamate (MSG) in North America is impacted by several causes, chief among them being the increase in consumer demand for processed snack foods and convenience meals. MSG and other flavor enhancers are in increasing demand due to busy lifestyles and the shift toward more prepared foods. MSG offers an inexpensive way to improve the flavor of almost any product, from seasonings and snacks to soups and sauces, which is much sought after in the food and beverage industry. Furthermore, health-conscious customers and food manufacturers looking to create tasty, low-sodium goods have found MSG's ability to boost umami flavor while maintaining salt levels that adhere to dietary guidelines to be highly alluring.
Restraining Factors
The North America MSG market faces challenges due to increased consumer education and perception of potential health implications. Despite FDA approval, consumers still associate MSG with negative effects like headaches and allergic reactions, leading to a decline in consumption. Manufacturers are shifting towards healthier natural flavor enhancers and clean-label trends, which demand purity and low processing, potentially reducing the market's growth.
Market Segmentation
The North America monosodium glutamate market share is classified into application and end-user.
- The additives segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
The North America monosodium glutamate market is segmented by application into additives, acidity regulators, preservatives, and others. Among these, the additives segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. MSG belongs to the general category of food additives since it is mostly used as a taste enhancer. MSG is becoming an increasingly popular ingredient due to its ability to enhance the umami flavor of a variety of meals, including processed foods, snacks, soups, sauces, and seasonings. The additives section now accounts for the greatest portion of the market due to its widespread use in the food and beverage industry, particularly for improving taste characteristics.
- The food processing segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-user, the North America monosodium glutamate market is divided into food processing, pharmaceuticals, cosmetics, animal feed, and others. Among these, the food processing segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. MSG is frequently used in the food processing industry to enhance the flavor of a wide variety of goods, such as processed meats, soups, snacks, sauces, and seasonings. MSG is being used more often in food processing because of the growing demand for packaged snacks, ready-to-eat meals, and convenience foods. MSG is the preferred choice for food processors because to its capacity to improve taste and umami flavor in processed foods, which helps the food processing industry dominate the MSG market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the North America monosodium glutamate market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Cargill
- Incorporated
- B&G Foods, Inc.
- Tate & Lyle PLC
- Kerry Group plc.
- Ajinomoto Co., Inc.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In September 2024, in Eddyville, Iowa, Ajinomoto Health & Nutrition North America, Inc. initiated one of the biggest wetlands restoration initiatives in the area. The company's dedication to sustainability and environmental responsibility is demonstrated by this project.
Market Segment
This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America monosodium glutamate market based on the below-mentioned segments:
North America Monosodium Glutamate Market, By Application
- Additives
- Acidity Regulators
- Preservatives
- Others
North America Monosodium Glutamate Market, By End-User
- Food Processing
- Pharmaceuticals
- Cosmetics
- Animal Feed
- Others
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