The Latin America, Middle East and Africa Monosodium Glutamate Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 370.4 Kilo Tonnes, showcasing a growth of 10.2% (2023-2030).
Monosodium glutamate (MSG) E621 is used as an umami-flavored flavoring ingredient. It is utilized in numerous products, such as meals, beverages, pharmaceuticals, health & personal care products, poultry, animal feed, and agriculture. E621 is utilized in foods including meats, poultry, most Chinese dishes, sauces, seasonings, gravies, and soups. MSG is not a simple flavor enhancer but a complex one. It is frequently used as a flavor enhancer in foods such as sausage, canned vegetables, stews, and processed meats. Additionally, it is utilized in potato crisps, frozen dinners, cold cuts, gravies, ranch dressings, and salty-flavored snacks.
The urban population's busy lifestyles and the increasing working population have lowered the time for home-cooked meals. This has encouraged people to consume more processed foods to satisfy their cravings. Additionally, processed foods, fast food, and premium food products are gaining popularity among consumers. Numerous food items, including cakes and cookies, fast foods, and ice creams, are acquiring market share. Consequently, market demand will increase during the forecast period.
According to UAE government statistics, the country has 568 food and beverage processors. These factories produce 5.96 million metric tons (MT) of food and beverage goods annually, with 2.3 MT in staple food items. In 2021, imports of bulk and intermediate products were $4.3 billion. The food processing industry in the UAE utilizes MSG to improve the taste and overall appeal of various processed food products, such as soups, sauces, snacks, ready-made meals, and more.
According to the US Department of Agriculture, in September 2023, the total value of the Saudi food service industry was estimated at approximately $25 billion, and it is projected to grow roughly 10% annually over the next several years. The food service industry continually innovates to meet customer demands in Saudi Arabia. MSG is a cost-effective and efficient flavor enhancer in developing new and appealing menu items. The abovementioned elements will significantly boost the market growth in this region.
The Brazil market dominated the LAMEA Monosodium Glutamate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $164.3 Million by 2030. The Argentina market is showcasing a CAGR of 9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.2% during (2023 - 2030).
Based on Sales Channel, the market is segmented into Business to Business, and Business to Consumers (Supermarket & Hypermarkets, Convenience Stores, Online Stores, Others). Based on End User, the market is segmented into Food Processing & Services Industry, Livestock & Pet Food Industry, Retail sector, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Monosodium Glutamate Market is Projected to reach USD 8.3 Billion by 2030, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Meihua Holdings Group Co, Ltd, B&G Foods, Inc., R.M Chemicals Pvt. Ltd, Linghua Group Limited, Puramate India Pvt Ltd, Tate & Lyle PLC, Foodchem International Corporation, Ajinomoto Co., Inc., Cargill, Incorporated, and Kerry Group plc.
By Sales Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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