; Glutamic Acid Market Size, Industry Share, Analysis, Forecast, 2032

Glutamic Acid Market

Glutamic Acid Market: By Product (Biosynthesis, Industrial Synthesis), By Source (Plant-Based, Animal-Based), By Application (Food & Beverages, Pharmaceuticals, Animal Feed, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032

Published on: Mar-2023
Report Code: FG CHM 01422
No. of Pages: 170 - 350
Report Format: PDF

[170+ Pages Research Report] Glutamic Acid Market to surpass USD 22.7 billion by 2032 from USD 10.74 billion in 2021 at a CAGR of 6.20% throughout the forecast period 2022-32.

Product Overview

Glutamic Acid is an essential amino acid needed to form proteins. It transforms into glutamate inside the body. This substance aids in the transmission and reception of information between brain nerve cells. It holds a major role in learning and memory. People with hypochlorhydria (low stomach acid) or achlorhydria (no stomach acid) may benefit from it. Human immunity, brain health, and digestion all depend on glutamic acid. Since the protein breakdown produces glutamic acid, it is present in enormous quantities. Chemically, amino acids and glutamine are closely connected; they can even change structure and change into one another. The person needs more glutamic acid when their physical and mental stress levels rise.

Market Highlights

The Glutamic Acid Market is expected to project a notable CAGR of 7.0% in 2032.

Glutamic Acid Market to surpass USD 22.7 billion by 2032 from USD 10.74 billion in 2021 at a CAGR of 7.0% in the coming years, i.e., 2022-32. In the near future, the rising consumer demand for animal feed and rising use of food additives and enhancers in the food and beverage industry are expected to lead to an increase the product demand, thereby boosting the Glutamic Acid Market. The demand for glutamic acid in the food and beverage and pharmaceutical industries has been positively impacted by people's growing knowledge of the need of consuming nutritious products.

Figure - Market Analysis of Glutamic Acid Market


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Glutamic Acid Market: Segments

The Industrial Synthesis segment is expected to grow with a higher CAGR during 2022-32

Glutamic Acid Market is categorized on the basis of Product into Biosynthesis and Industrial Synthesis. Over the forecast period, the Industrial Synthesis segment is anticipated to dominate the market. Products of industrial organic synthesis are used as intermediates in a wide range of chemical reactions. Plant-based and animal-based sources are among the several ones used in food additives, medications, animal and pet food, and other products.

The Pharmaceuticals segment is expected to grow with a higher CAGR during 2022-32

Glutamic Acid Market is categorized on the basis of Application into Food & Beverages, Pharmaceuticals, Animal Feed, and Others. Over the projected period, the pharmaceuticals segment is expected to grow with the higher CAGR. Glutamic acid is used in pharmaceutical applications to treat a number of illnesses, including epilepsy, neurotransmission imbalances, muscular dystrophy, and cognitive and behavioral issues in people, as well as to avoid nerve damage during chemotherapy. The pharmaceutical business is anticipated to be driven by supportive government policies for the industry, as well as rising private company investment.

Figure - Market Analysis of Global Glutamic Acid


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Market Dynamics

Growth Drivers

Growing Demand for Animal Feed and Rising Use of Food Enhancers

In the coming years, the Glutamic Acid Market is expected to be driven by the rising demand for animal feed as well as an increase in the use of food enhancers and additives in the food and beverage industry. The spread of the COVID-19 virus has severely harmed supply networks in a number of industries and destroyed a number of economies. As a result, any changes in the end-use sectors' demand will directly impact the Glutamic Acid Market. Rising awareness among consumers about the importance of consuming wholesome products has also favorably impacted the demand for glutamic acid in the food, beverage, and pharmaceutical industries.

Benefits of Glutamic Acid and Increasing Population Driving the Demand from Food Industry

Due to its numerous advantages, the Glutamic Acid Market is still witnessing rapid growth. As public awareness of the advantages of consuming healthy products has increased, glutamic acid demand has increased in the pharmaceutical, beverage, and food industries. The processed food and animal feed industries stand out and will experience significant growth as a result of the rising global population, rising disposable income, rising consumption of meat and dairy products, rising demand for healthier, more nutritious, tastier, and higher quality meat food products.

Restraint

Number of Side-Effects Caused by Glutamic Acid

The demand for glutamic acid is constrained by its side effects, which include headache and nausea. Excessive ingestion of glutamic acid results in headaches and nausea. The demand for glutamic acid is expected to be constrained by the risk of stroke mortality associated with higher glutamic acid consumption.

Recent Developments

  • The Agrinos Group of enterprises was purchased by American Vanguard Corporation (AVC), a US-based agrochemical company, for an undisclosed sum in October 2020. Through this acquisition, AVC's Green Plant liquid nutrition solutions, which have shown successful growth in the Central American market, are anticipated to be complemented by Agrinos's range.
  • A supply deal was made in March 2021 between Cassava Sciences, a US-based biotechnology business, and Evonik, a German glutamic acid producer. Evonik would provide Cassava Sciences, a medication candidate for the treatment of Alzheimer's disease, in clinical-grade quantities via this deal.

Glutamic Acid Market: Key Players

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Glutamic Acid Market: Regions

Glutamic Acid Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific led the market and is anticipated to grow at the highest rate during the forecast period with a revenue share in 2020. This is attributable to the growth of end-use businesses in the region's rising economies, including animal feed, personal care and cosmetics, pharmaceuticals, and food and beverage.

In 2020, North America held the second-largest market share. The rising demand for pharmaceuticals and animal feed is expected to be a major factor in driving glutamic acid consumption in North America. The product is used in the pharmaceutical industry to create a range of medications for the management of various illnesses, including epilepsy and cognitive issues.


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Impact of Covid-19 on Glutamic Acid Market

The global Glutamic Acid Market has expanded as a result of the COVID-19 pandemic's breakout. Due to the COVID-19 pandemic, there was an increase in demand for food, drink, and pharmaceutical products, which led to an increase in the demand for glutamic acid in these sectors.

Glutamic Acid Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Glutamic Acid Market report also contains analysis on:

Glutamic Acid Market Segments:

  • By Product 
    • Biosynthesis
    • Industrial Synthesis 
  • By Source 
    • Plant-Based
    • Animal-Based 
  • By Application
    • Food & Beverages
    • Pharmaceuticals
    • Animal Feed
    • Others 
  • Glutamic Acid Market Dynamics
  • Glutamic Acid Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Glutamic Acid Market Report Scope and Segmentation

REPORT ATTRIBUTE

DETAILS

Market Size Value in 2021

USD 10.74 billion

Revenue Forecast in 2032

USD 22.7 billion

Growth Rate

CAGR of 7.0% from 2022 to 2032

Base Year for Estimation

2021

Quantitative Units

Revenue in USD billion and CAGR from 2022 to 2032

Report Coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments Covered

Product, Source, Application, and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key Companies Profiled

Evonik Industries AG, Ajinomoto Co. Inc., ShanDong look chemical Co. Ltd., Global Bio-chem Technology Group Company Limited, KYOWA HAKKO BIO CO. LTD., Ningxia Eppen Biotech Co. Ltd, Fufeng Group Ltd, Sekisui Medical Co. Ltd., IRIS BIOTECH GMBH, Sichuan Tongsheng Amino acid Co. Ltd., Medinex, Hefei TNJ Chemical Industry Co. Ltd., Wuhan Amino Acid Bio Chemical Co. Ltd, Ottokemi, Suzhou Yuanfang Chemical Co. Ltd., and Other Prominent Players.

Frequently Asked Questions (FAQ):

The Glutamic Acid Market size was estimated at USD 10.74 billion in 2021 and is expected to reach USD 22.7 billion in 2032.

Glutamic Acid is an essential amino acid needed to form proteins. It transforms into glutamate inside the body. This substance aids in the transmission and reception of information between brain nerve cells. It holds a major role in learning and memory.

The Industrial Synthesis and Pharmaceuticals segments accounted for the larger share of the Glutamic Acid Market.

Key players in the Glutamic Acid Market are Evonik Industries AG, Ajinomoto Co. Inc., ShanDong look chemical Co. Ltd., Global Bio-chem Technology Group Company Limited, KYOWA HAKKO BIO CO. LTD., Ningxia Eppen Biotech Co. Ltd, Fufeng Group Ltd, Sekisui Medical Co. Ltd., IRIS BIOTECH GMBH, Sichuan Tongsheng Amino acid Co. Ltd., Medinex, Hefei TNJ Chemical Industry Co. Ltd., Wuhan Amino Acid Bio Chemical Co. Ltd, Ottokemi, Suzhou Yuanfang Chemical Co. Ltd., and Other Prominent Players.

The rising consumer demand for animal feed and rising use of food additives and enhancers in the food and beverage industry are expected to lead to an increase the product demand, thereby boosting the Glutamic Acid Market.

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