June 7, 2024

Glutamic Acid Market Size to Grow US$ 22.5 Billion By 2030

The global glutamic acid market size was valued at US$ 11.54 billion in 2021 and is anticipated to grow US$ 22.5 billion by 2030, registering a compound annual growth rate of 7.7% from 2022 to 2030.

Glutamic Acid Market Size 2022 To 2030

The glutamic acid market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the glutamic acid market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the glutamic acid report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the glutamic acid market have been studied and analysed across many developments.

Glutamic Acid Market Scope 

Report Coverage Details
Market Size in 2022 USD 12.43 Billion
Market Size by 2030 USD 22.5 Billion
Growth Rate from 2022 to 2030 CAGR of 7.7%
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2022 to 2030

Also read: Microgrid Market Size to Grow US$ 85.7 Billion By 2030

Research Approach

The comprehensive report on the global glutamic acid market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global glutamic acid market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players 

  • Ajinomoto Co., Inc.
  • Akzo Nobel N.V.
  • Evonik Industries AG
  • Sichuan Tongsheng Amino acid Co., Ltd.
  • KYOWA HAKKO BIO CO., LTD.
  • Ottokemi
  • Hefei TNJ Chemical Industry Co., Ltd.
  • Suzhou Yuanfang Chemical Co., Ltd.
  • Global Bio-chem Technology Group Company Limited
  • Ningxia Yipin Biological Technology Co., Ltd.

Glutamic Acid Market Segmentations

By Application

  • Food & Beverages
  • Pharmaceuticals
  • Animal Feed
  • Others

By Geography

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

TABLE OF CONTENT

Glutamic Acid Market

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.        COVID 19 Impact on Glutamic Acid Market

5.1.    COVID-19 Landscape: Glutamic Acid Industry Impact

5.2.    COVID 19 – Impact Assessment for the Industry

5.3.    COVID 19 Impact: Global Major Government Policy

5.4.  Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6.  Market Dynamics Analysis and Trends

6.1.  Market Dynamics

6.1.1.    Market Drivers

6.1.2.    Market Restraints

6.1.3.    Market Opportunities

6.2.  Porter’s Five Forces Analysis

6.2.1.    Bargaining power of suppliers

6.2.2.    Bargaining power of buyers

6.2.3.    Threat of substitute

6.2.4.    Threat of new entrants

6.2.5.    Degree of competition

Chapter 7.  Competitive Landscape

7.1.1.    Company Market Share/Positioning Analysis

7.1.2.    Key Strategies Adopted by Players

7.1.3.    Vendor Landscape

7.1.3.1.        List of Suppliers

7.1.3.2.        List of Buyers

Chapter 8.  Global Glutamic Acid Market, By Application

8.1.  Glutamic Acid Market, by Application Type, 2020-2027

8.1.1.    Food & Beverages

8.1.1.1.        Market Revenue and Forecast (2016-2027)

8.1.2.    Pharmaceuticals

8.1.2.1.        Market Revenue and Forecast (2016-2027)

8.1.3.    Animal Feed

8.1.3.1.        Market Revenue and Forecast (2016-2027)

8.1.4.    Others

8.1.4.1.        Market Revenue and Forecast (2016-2027)

Chapter 9.  Global Glutamic Acid Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Application (2016-2027)

9.1.2.    U.S.

9.1.3.    Rest of North America

9.1.3.1.        Market Revenue and Forecast, by Application (2016-2027)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Application (2016-2027)

9.2.2.    UK

9.2.2.1.        Market Revenue and Forecast, by Application (2016-2027)

9.2.3.    France

9.2.3.1.        Market Revenue and Forecast, by Application (2016-2027)

9.2.4.    Rest of Europe

9.2.4.1.        Market Revenue and Forecast, by Application (2016-2027)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Application (2016-2027)

9.3.2.    India

9.3.2.1.        Market Revenue and Forecast, by Application (2016-2027)

9.3.3.    China

9.3.3.1.        Market Revenue and Forecast, by Application (2016-2027)

9.3.4.    Japan

9.3.4.1.        Market Revenue and Forecast, by Application (2016-2027)

9.3.5.    Rest of APAC

9.3.5.1.        Market Revenue and Forecast, by Application (2016-2027)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Application (2016-2027)

9.4.2.    GCC

9.4.2.1.        Market Revenue and Forecast, by Application (2016-2027)

9.4.3.    North Africa

9.4.3.1.        Market Revenue and Forecast, by Application (2016-2027)

9.4.4.    South Africa

9.4.4.1.        Market Revenue and Forecast, by Application (2016-2027)

9.4.5.    Rest of MEA

9.4.5.1.        Market Revenue and Forecast, by Application (2016-2027)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Application (2016-2027)

9.5.2.    Brazil

9.5.2.1.        Market Revenue and Forecast, by Application (2016-2027)

9.5.3.    Rest of LATAM

9.5.3.1.        Market Revenue and Forecast, by Application (2016-2027)

Chapter 10.  Company Profiles

10.1.             Ajinomoto Co., Inc.

10.1.1. Company Overview

10.1.2. Application Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2.             Akzo Nobel N.V.

10.2.1. Company Overview

10.2.2. Application Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3.             Evonik Industries AG

10.3.1. Company Overview

10.3.2. Application Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4.             Sichuan Tongsheng Amino acid Co., Ltd.

10.4.1. Company Overview

10.4.2. Application Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5.             KYOWA HAKKO BIO CO., LTD.

10.5.1. Company Overview

10.5.2. Application Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6.             Ottokemi

10.6.1. Company Overview

10.6.2. Application Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7.             Hefei TNJ Chemical Industry Co., Ltd.

10.7.1. Company Overview

10.7.2. Application Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8.             Suzhou Yuanfang Chemical Co., Ltd.

10.8.1. Company Overview

10.8.2. Application Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9.             Global Bio-chem Technology Group Company Limited

10.9.1. Company Overview

10.9.2. Application Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10.           Ningxia Yipin Biological Technology Co., Ltd.

10.10.1.               Company Overview

10.10.2.               Application Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.             Primary Research

11.2.             Secondary Research

11.3.             Assumptions

Chapter 12.  Appendix

12.1.             About Us

12.2.            Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global glutamic acid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for glutamic acid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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