Ningxia Eppen Biotech Co., Ltd, COFCO Biochemical, Ajinomoto Co., Inc, Meihua Holdings Group Co., Ltd, and Cargill, Incorporated, among others, are the major players in the global sodium glutamate market.
The global sodium glutamate market is expected to grow at a CAGR of 5% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand for processed food and advancements in the food processing industry.
MSG (monosodium glutamate) is a popular term for sodium glutamate, which is one of the most commonly used flavour enhancers in the food business. It is the sodium salt of glutamic acid in chemical terminology. MSG improves the taste of food by imparting a distinct umami flavour. It is also known by various names, such as Ajinomoto, which is its trade name.
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Increasing consumer disposable incomes and rising fast-food consumption, particularly in emerging nations, are driving the industry growth. Food enhancer demand is being driven by expanding food outlets and a thriving food services industry, helping the market grow. Along with this, the rising demand for online food delivery services will boost the industry's expansion throughout the forecast period.
Monosodium glutamate is a food additive, commonly used to improve the flavour of a variety of dishes and processed food, including snacks, soups, stock cubes, barbeque sauces, gravies, ketchup, soy sauce, and canned meat. Over the forecast period, Asia Pacific is expected to proliferate the market growth, accounting for a significant portion of the industry. Glutamate salts are being used more frequently in the region, particularly in the production of meat and other high-protein foods. MSG is widely used in Chinese and Japanese cuisine to enhance the flavour of various dishes, especially fast food. The ever increasing demand for processed food across the region and thriving food industry are driving the market forward. MSG production is also increasing in nations such as China, Indonesia, and Korea, among others, which is fuelling the market expansion.
Headquarters: Yinchuan, China
Eppen is among China's top three fermentation companies and one of the country's top 500 private manufacturing companies. The Ningxia government has also recognised EPPEN as one of the top 50 key enterprises, best tax-paying enterprises, and leading industrial enterprises. The company mainly focuses on the sales and production of feed activities, food additives, and fertilisers.
Headquarters: Beijing, China
COFCO Biochemical is a China-based company mainly engaged in the processing and distribution of agricultural products and the manufacture and sale of biological chemicals. Fuel ethyl alcohol products and by-products, citric acid products and salts and by-products, amino acid products and by-products, edible oil and by-products, and L-lactic acid products and by-products are among the company's main products. COFCO Biochemical has a market share of over 40% in China as the leading supplier of biomass fuel ethanol.
Headquarters: Chuo-ku, Tokyo
Ajinomoto scientifically pursues the possibilities of amino acids in supporting the healthy lives of people worldwide. The company has offices in 35 countries and sells its products in more than 130 countries. In the fiscal year 2018, the sales of the company were USD 10.1 billion. The company specialises in the business of food and amino acids and sells its products both domestically and internationally.
Headquarters: Langfang, China
Meihua Holdings Group Co., Ltd. is an integrated bio-fermentation industry group. The company specialises in the distribution and production of fermented biological products. Animal nutritional amino acids, human medical amino acids, and food flavour optimisation products are the company's primary products. The products are spread across feed additives, pharmaceutical intermediates, food additives, and flavourings.
Headquarters: Wayzata, Minnesota, United States
Cargill is a privately held global food corporation. In terms of revenue, it is the largest privately held corporation in the United States. The company has around 1,66,000 employees in 66 countries and accounts for 25% of all grain exports from the United States. Purchasing, trading, and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel, and transportation; raising livestock and producing feed; and producing food ingredients such as glucose syrup and starch, vegetable oils, and fats for use in processed foods and industrial use are some of Cargill's major businesses.
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