According to a new report, published by KBV research, The Global Glutamic Acid Market size is expected to reach $16.3 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,235.04 Kilo Tonnes, experiencing a growth of 4.3% (2019-2022).
The Cosmetic & Personal Care segment is experiencing a CAGR of 6.6% during (2023 - 2030). As consumers become more conscious of the ingredients in their personal care products, demand for natural and functional ingredients like glutamic acid may rise. The anti-aging properties of glutamic acid can contribute to its inclusion in formulations targeting mature skin. Therefore, the segment will grow rapidly in the coming years.
Full Report: https://www.kbvresearch.com/glutamic-acid-market/
The Asia Pacific region dominated the Global Glutamic Acid Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.7 billion by 2030. The North America region is poised to grow a CAGR of 4.5% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 4.6% during (2023 - 2030).
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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