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The Glutamic Acid Market is Predict to reach USD 16.3 Billion by 2030, at a CAGR of 5.1%

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Glutamic Acid Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

  • Ajinomoto Co., Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • Wuhan Amino Acid Bio-Chemical Co., Ltd
  • Sichuan Tongsheng Amino acid Co., Ltd
  • Medinex
  • KYOWA HAKKO BIO CO.,LTD. (Kirin Holdings Company, Limited)
  • Hefei TNJ Chemical Industry Co.,Ltd.
  • Haihang Industry Co.,Ltd.
  • FUFENG GROUP
  • AMINO GmbH

Glutamic Acid Market Report Segmentation

By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Food Industry
  • Pharmaceutical
  • Cosmetic & Personal Care
  • Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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