(Food-Beverage-News.Com, May 16, 2018 ) “Global Monosodium Glutamate (MSG) Market-Analysis of Growth, Trends and Forecasts (2018-2023)” provides a comprehensive assessment of the fast-evolving, high-growth Monosodium Glutamate Market. The Report gives Forecasts with Competitive Landscape of the Leading Companies including Global Analysis of the Monosodium Glutamate Market. The global Monosodium Glutamate (MSG) market is expected to register a CAGR of 4.9% during the forecast period of 2018-2023.The Ajinomoto Company is world’s largest manufacturer of sodium glutamate, with manufacturing sites in Peru, Brazil, Japan, the United States, China, and France among others
MAJOR PLAYERS: AJINOMOTO CO. INC., COFCO (CHINA NATIONAL CEREALS, OILS, AND FOODSTUFFS CORPORATION), EPPENS.CN, FUFENG GROUP, FUJIAN WUYI MS, GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED, HENAN LOTUS, LOTUS HEALTH INDUSTRY HOLDING GROUP COMPANY, NINGXIA EPPEN and MEIHUA GROUP, amongst others.
Market Dynamics :The food processing industries are the major end users of MSG, who use it for the production of packaged and convenience food products. For instance, MSG is used as a flavor enhancer and food additive for many dishes, such as sauces, baked goods, meat, and milk products and cheeses. Moreover, it is used as an additive in dairy applications, to increase the shelf life and taste of products. MSG is readily available in several names, such as accent, Ajinomoto, and third spice. These varied applications have been driving the MSG market over the years.
MSG is recognized by the European Union under the ‘safe-for-use food additive’ and as ‘GRAS’ (generally recognized as safe) food ingredient by the US Food and Drug Administration (FDA). However, its use remains controversial, and thus, the label requires it to be listed. The use of flavor enhancers has been a concern for consumer segments in the West, which is influenced by the fact that these ingredients cause health effects, such as headaches, allergic reactions, and nausea, a condition commonly known as ‘Chinese Restaurant Syndrome’. This controversial image of MSG acts as a restraint for the market’s growth.
The increasing preference of people toward processed and fast foods, owing to hectic lifestyles, is expected to remain a key driving factor for the global MSG market during the forecast period.
Market Segmentation Based on application, the monosodium glutamate market can be segmented into noodles, soup, and sauces, seasonings, and condiments and others. The demand for packaged instant foods, particularly Chinese cuisines, requires massive quantities of MSG as an ingredient, with flavor enhancement as the major function. By end-user industry, the market can be segmented into food processors, food service sectors, and retail sector. Notably, the food service sector accounted for a 30.13% share of the MSG market, in 2017.
Companies Mentioned: Ajinomoto co. Inc., Cofco (china national cereals, oils, and foodstuffs corporation), Eppens.cn, Fufeng Group, Fujian Wuyi MS, Global Bio-Chem Technology Group Company Limited, Henan Lotus, Lotus Health Industry Holding Group Company, Ningxia Eppen, Meihua Group
Regional Analysis Asia-Pacific leads the global MSG market, followed by other countries. Owing to the increasing consumption of processed food, dairy, and other food products, China, India, and Japan drive the demand for MSG in the Asia-Pacific region. North America, Europe, Latin America, and Africa accounted for small share in 2014.
Reasons to Purchase this Report Analyzing outlook of the market with the recent trends and Porter’s five forces analysis Market dynamics, which essentially consider the factors that are driving the present market scenario, along with growth opportunities of the market in the years to come Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects Regional and country-level analysis, integrating the demand and supply forces that are influencing the growth of the market Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players 3 months analyst support, along with the Market Estimate sheet (in excel).
4. MARKET SEGMENTATION 4.1 BY END-USER 4.2 BY APPLICATION 4.3 BY GEOGRAPHY 4.3.1 NORTH AMERICA 4.3.1.1 UNITED STATES 4.3.1.2 CANADA 4.3.1.3 MEXICO 4.3.1.4 REST OF NORTH AMERICA 4.3.2 EUROPE 4.3.2.1 SPAIN 4.3.2.2 UNITED KINGDOM 4.3.2.3 FRANCE 4.3.2.4 GERMANY 4.3.2.5 RUSSIA 4.3.2.6 ITALY 4.3.2.7 REST OF EUROPE 4.3.3 ASIA-PACIFIC 4.3.3.1 CHINA 4.3.3.2 INDIA 4.3.3.3 JAPAN 4.3.3.4 AUSTRALIA 4.3.3.5 REST OF ASIA-PACIFIC 4.3.4 SOUTH AMERICA 4.3.4.1 BRAZIL 4.3.4.2 ARGENTINA 4.3.4.3 REST OF SOUTH AMERICA 4.3.5 AFRICA 4.3.5.1 SOUTH AFRICA 4.3.5.2 REST OF AFRICA
5. COMPETITIVE LANDSCAPE
6. COMPANY PROFILES 6.1 AJINOMOTO CO. INC. 6.2 COFCO (CHINA NATIONAL CEREALS, OILS, AND FOODSTUFFS CORPORATION) 6.3 EPPENS.CN 6.4 FUFENG GROUP 6.5 FUJIAN WUYI MS 6.6 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED 6.7 HENAN LOTUS 6.8 LOTUS HEALTH INDUSTRY HOLDING GROUP COMPANY 6.9 NINGXIA EPPEN 6.10 MEIHUA GROUP
7. APPENDIX
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