The Global Monosodium Glutamate Market is Predict to reach USD 8.3 Billion by 2030, at a CAGR of 7.8%

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Monosodium Glutamate Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Monosodium Glutamate Market size is expected to reach $8.3 billion by 2030, rising at a market growth of 7.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,540.5 Kilo Tonnes, experiencing a growth of 6.5% (2019-2022).

The Business to Business segment is leading the Global Monosodium Glutamate Market by Sales Channel in 2022 thereby, achieving a market value of $5.9 billion by 2030. The business-to-business sales channel of monosodium glutamate sells directly to the end-user industries such as food processing and food service. Due to its high volume of sales and purchases, the business-to-business sales channel segment has accounted for most of the monosodium glutamate market size. Some prominent e-commerce sites primarily catering to business-to-business transactions, include Alibaba, DHgate, Global Sources, eWorldTrade, EC Plaza, TradeKey, HKTDC, GlobalSpec, Kinnek, and Made-in-China.

The Livestock & Pet Food Industry segment is showcasing a CAGR of 8.2% during (2023 - 2030). The rise in consumption of meat products and the increase in demand for meat-based products are the primary factors that augment the growth of the feed industry. Animal feed, such as pasture grasses, cereal grains, hay, and silage crops, is formulated with the help of nutritional additives, such as vitamins and minerals, to maintain the health of animals and improve the quality of end products, including meat, eggs, and milk. Therefore, animals are provided with high-quality and nutritionally balanced feed to enhance meat quality and increase productivity.

The Asia Pacific region dominated the Global Monosodium Glutamate Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4 billion by 2030. The Europe market is anticipated to grow at a CAGR of 7.2% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 7.6% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/monosodium-glutamate-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Monosodium Glutamate Market Segmentation

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

Business to Business
Business to Consumers
- Supermarket & Hypermarkets
- Convenience Stores
- Online Stores
- Others

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

Food Processing & Services Industry
Livestock & Pet Food Industry
Retail sector
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

Companies Profiled

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The Global Monosodium Glutamate Market is Predict to reach USD 8.3 Billion by 2030, at a CAGR of 7.8%

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Monosodium Glutamate Market Growth, Trends and Report Highlights

Global Monosodium Glutamate Market Segmentation

North America Monosodium Glutamate Market Size, Share, 2030

LAMEA Monosodium Glutamate Market Size, Forecast by 2030

Europe Monosodium Glutamate Market Size, Forecast by 2030

Asia Pacific Monosodium Glutamate Market Size, Trends by 2030