South Korea Monosodium Glutamate Market to Grow at a CAGR of 5.1% During 2024-2032, Aided by the Growing Demand for Convenience Meals from the Working Population

MSG plays a pivotal role in Korean delicacies, such as in soups or stews that generally have red pepper or soybean paste. In addition to that, MSG is widely used in convenience meals as a flavour enhancer. Some of the common Korean foods that include MSG as a food enhancer include kimchi, soups, fried rice, roasted seaweed, stews, and namul (vegetable side dishes). It also finds application in food items such as supermarket salad dressings, fried chicken, and onion and salsa dips. The average intake of MSG in South Korea is around 1.2 to 1.7 grammes per day.

The South Korea monosodium glutamate market expansion is expected to be fuelled in the forecast period by changing consumer sentiments towards MSG and the rising demand for food products that can reduce sodium intake. As MSG provides flavour enhancement with two-thirds less sodium than table salt, its use in food products, ranging from baked products to soups, is rising.

In October 2023, Ajinomoto Co., Inc. (TYO: 2802) renewed and relaunched the logo for its global AJI-NO-MOTO® umami seasoning brand. The umami seasoning from this brand is manufactured in 15 countries, such as Japan and South Korea, and sold in more than 130 markets. The brand made a lasting impression by changing its logo and showcasing the logo in media such as websites and advertisements. Such promotions have strengthened the brand’s image in order to guarantee that the brand is appreciated globally. Given that many customers have a strong attachment to the previous brand logo, Ajinomoto Co. and the design office Nendo, Inc. worked together once more to update the logo, taking into account how to pursue a better design while maintaining the tone and style of the current design.

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Market Analysis by Source, Application and End-Use:

• The market, on the basis of source, can be divided into sugar cane or molasses, tomatoes and cheese, among others.

• Based on application, the market can be divided into additives, preservatives, flavour enhancers, and acidity regulators, among others.

• The various end uses for monosodium glutamate include food processing, medical or pharmaceutical, livestock, and cosmetic, among others.

Key Findings of the Report:

• In 2019, the food processing sector of South Korea generated around USD 56.1 billion from over 30,000 food processing companies. The growth of the food processing sector drives the application of monosodium glutamate (MSG).

• The rising demand for convenience meals from the working population with busy lifestyles and growing disposable income propels the South Korea monosodium glutamate market growth. In 2022, the working population of South Korea accounted for 71.0% of the total population.

• South Korea is witnessing a growing trend of convenient and tasty food options, particularly among younger demographics, surging the usage of monosodium glutamate. In 2022, the younger population accounted for 11.5% of the total population.

• Korean delicacies such as gochujang (red pepper paste) and soybean paste widely employ MSG as an additive. Currently, South Korea is witnessing a trend towards developing MSG from natural ingredients.

Figure: Working Age Population (% of Total Population) in South Korea, 2018-2022

Key Offerings of the Report:

• The EMR report gives an overview of the South Korea monosodium glutamate market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the sources, applications, and end-uses of monosodium glutamate in South Korea.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the South Korea monosodium glutamate market are Ajinomoto Co., Inc, CJ CheilJedang Corp, Daesang Corporation, and COFCO International, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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