Market Size of China Monosodium Glutamate (MSG) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
China Monosodium Glutamate Market Analysis
The China monosodium glutamate (MSG) market is projected to register a CAGR of 4.6%, during the forecast period, 2020-2025.
- Monosodium glutamate (MSG) is a synthetic flavor enhancer that belongs to the class, collectively known as glutamates. Technically, MSG is the sodium salt of glutamic acid. The glutamates are present naturally in protein-rich food, such as, meat, fish, eggs.
- Urbanization and improvement in living standards, along with dietary patterns changes, are expected to positively affect the ongoing development of the food processing industry, including catering and restaurant sectors. This is boosting the flavor enhancer market, including MSG.
China Monosodium Glutamate Industry Segmentation
The China monosodium glutamate (MSG) market is segmented by application. On the basis of application, the market is segmented into noodles, soups and broth, meat products, seasonings and dressings, and other applications.
| Application | |
| Noodles, Soups, and Broth | |
| Meat Products | |
| Seasonings and Dressings | |
| Other Applications |
China Monosodium Glutamate (MSG) Market Size Summary
The China monosodium glutamate (MSG) market is experiencing a positive trajectory, driven by urbanization, improved living standards, and changing dietary patterns. These factors are contributing to the growth of the food processing industry, including the catering and restaurant sectors, which in turn boosts the demand for flavor enhancers like MSG. As a prominent producer, China exports MSG to various countries, including India, Thailand, and South Africa, where the demand for processed foods is rising. Additionally, developed regions such as the United States and Russia are also significant importers of MSG from China, further supporting market expansion.
The market is characterized by fragmentation and competitiveness, with key players like Shandong Qilu Bio-Technology Group Co. Ltd, COFCO, and Meihua Holdings Group Co. Ltd actively pursuing strategies such as expansions, acquisitions, and partnerships to enhance their market presence. These companies are targeting untapped markets in countries like the United States and Russia to meet the growing consumer demand. The Asia-Pacific region, particularly China, holds a significant share in the chilled meat category, with innovation and new product development playing a crucial role in market growth. The rising demand for organic livestock presents additional opportunities for market vendors to expand their share.
China Monosodium Glutamate (MSG) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Noodles, Soups, and Broth
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2.1.2 Meat Products
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2.1.3 Seasonings and Dressings
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2.1.4 Other Applications
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China Monosodium Glutamate (MSG) Market Size FAQs
What is the current China Monosodium Glutamate (MSG) Market size?
The China Monosodium Glutamate (MSG) Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in China Monosodium Glutamate (MSG) Market?
Monosodium Glutamate, Ningxia Eppen Biotech Co., Ltd, Sichuan Jingong Chuanpai Flavoring Co. Ltd, COFCO and Meihua Holdings Group Co., Ltd are the major companies operating in the China Monosodium Glutamate (MSG) Market.
