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The South Korea monosodium glutamate market is expected to grow at a CAGR of 5.1% between 2024 and 2032. The changing perception of consumers is boosting its demand, especially in the food processing and cosmetics industry. The growing demand for processed meats is also driving its demand in the market.
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Glutamate is created when maize, bacteria, or sugarcane are broken down and converted into smaller bits. Fish, meats, nuts, tomatoes, mushrooms, seaweed, and the majority of dairy products all contain glutamate, a naturally occurring amino acid that is also present in the human body. The outcome is a white crystal, which is subsequently combined with salt to produce monosodium glutamate or MSG.
In order to make items like cheeses, sauces, meat and dairy products, and baked goods, monosodium glutamate is utilised as a flavour enhancer and in food additives, which is bending the market success curve exponentially. These factors, together with the fact that monosodium glutamate is used to make milk products last longer on the shelf, are what causing the monosodium glutamate market to grow. Monosodium glutamate is highly demanded by food service industries, food processors, and the retail sector for the manufacture and production of packaged meals, instant functional foods, and soups, which is fueling market expansion over the anticipated period.
MSG is becoming increasingly popular with the general population owing to the ongoing work of academics and scientists over the past few years. About two decades ago, numerous businesses began promoting the lack of MSG in their products in an effort to project an image of being chemical-free and gain market dominance. This grew the notion that MSG was dangerous. There have been several reports of MSG-related obesity, headaches, or indigestion. MSG is a safe food ingredient, according to the local Food Safety Ministry, which doesn't even include a daily intake recommendation. There are daily intake recommendations for salt and sugar, which are frequently used in cooking.
Due to MSG's extensive use in the production of processed foods, monosodium glutamate volume has skyrocketed. Another significant reason driving both production and demand of MSG is a rise in the consumption of prepared foods and other processed meals. These days, the "Ready-to-eat" and "Ready-to-cook" food industries are open to many huge corporations and new-age producers since customers are time-constrained and want to buy simple, fast and easily available items. In order to generate such pre-cooked ready-to-eat meals and associated possibilities in the Market, key companies have started to enter further into potential prospects of the food industry. They are doing this by fostering innovation, adapting to quality measures, and boosting usability.
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Based on Source, the South Korea monosodium glutamate market is segmented into sugarcane or molasses, tomatoes, and cheese, among others. On the basis of application, the monosodium glutamate market of South Korea is bifurcated into additives, preservatives, flavour enhancers, and acidity regulators, among others. Based on end-use, the South Korea monosodium glutamate market is divided into food processing, medical or pharmaceutical, livestock, and cosmetic among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea monosodium glutamate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Based on sources, cheese, tomatoes, sugarcane, or molasses, among others, are all the sources from which MSG is extracted. With increased consumer awareness that monosodium glutamate is not harmful to health, its market has been greatly impacted positively, and to meet the rising demand, all segments are expected to secure a considerable share of the market. The continuous research and development work by researchers and academicians in the field is greatly helping in improving the image and breaking myths regarding monosodium glutamate among the general public.
Over the course of the projection period, it is anticipated that the country's rising meat consumption will raise demand for monosodium glutamate, a substance used in animal feed. Additionally, it is anticipated that the livestock segment would grow during the projection period due to increased per capita income in the country and a growing preference for frozen meat products, especially among the working population. Moreover, factors like the improved and easy accessibility of ready-to-eat and processed food items have greatly increased the market for preservatives, additives, acidity regulators, and flavour enhancer segments, which ultimately proliferate the monosodium glutamate (MSG) market in South Korea.
In the food processing sector, MSG-containing meals are becoming more and more well-liked because consumers believe they are more savoury and appetising than dishes without MSG. This factor has helped this segment secure a significant share of the market.
MSG, often known as monosodium glutamate, is sodium 2-aminopentanedioate. It is essentially the sodium salt of glutamic acid, an amino acid that occurs naturally. The molecular formula for it is C5H8NO4Na. MSG is produced commercially by fermenting a suitable sugar source with the intention of using it as a medicinal excipient. Moreover, MSG is used to treat free glutamic acid that has been released from proteins during the production of many cosmetics and other related goods. MSG has also been used in vaccinations as a stabiliser and preservative to keep vaccines potent over a wide range of temperatures and shelf lives. The demand among these and several other end-users bolsters the market for monosodium glutamate in South Korea.
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Ajinomoto Co., Inc- Producing meals, bioscience fine chemicals, medicines, and health items are the company's main areas of concentration. It conducts research, develops, and produces sauces and seasonings and offers quick-nourishment items such as Knorr cup soup, coffee beverages, bakery, processed, edible oil, frozen, and amino acid products for food and medicines, among others. Additionally, Ajinomoto offers speciality chemicals, functional materials, and biopharma services. Under the brand names amino VITAL, AJI-NO-MOTO, Birdy, HON-DASHI, Cook Do, AjiPro, Knorr, Blendy, Masako, and Glyna, the corporation sells its goods. Its goods are used in the restaurant and catering sectors. The corporation has activities in Africa, the USA, Europe, and Asia-Pacific. The headquarters of Ajinomoto is in Tokyo, Japan.
COFCO International- Since its founding in 1949, COFCO Corporation (COFCO) has dominated China's agricultural and food sectors. It is also one of the largest agri-product merchants globally, with a fully integrated value chain. Agri-products are the centre of COFCO's primary business, with a particular emphasis on grain, oil, sugar, cotton, meat, and dairy products. Three other important auxiliary industries are food, finance, and real estate.
COFCO has RMB 686.0 billion in total assets as of the end of 2021, RMB 664.9 billion in total operating revenue, and RMB 23.8 billion in total profit. On a global scale, COFCO has been proactively developing international markets and enhancing G&O logistics and storage capacity globally to guarantee a reliable international supply chain.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Application |
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Breakup by End-Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Monosodium Glutamate Market Overview
8.1 Key Industry Highlights
8.2 South Korea Monosodium Glutamate Historical Market (2018-2023)
8.3 South Korea Monosodium Glutamate Market Forecast (2024-2032)
9 South Korea Monosodium Glutamate Market by Source
9.1 Sugar Cane or Molasses
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Tomatoes
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
9.3 Cheese
9.3.1 Market Share
9.3.2 Historical Trend (2018-2023)
9.3.3 Forecast Trend (2024-2032)
9.4 Others
10 South Korea Monosodium Glutamate Market by Application
10.1 Additives
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Preservatives
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 Flavor Enhancers
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Acidity Regulators
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 South Korea Monosodium Glutamate Market by End-Use
11.1 Food Processing
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Medical or Pharmaceutical
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Livestock
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 Cosmetic
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ajinomoto Co., Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 CJ CheilJedang Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Daesang Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 COFCO International
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Monosodium Glutamate Market: Key Industry Highlights, 2018 and 2032
2. South Korea Monosodium Glutamate Historical Market: Breakup by Source (USD Billion), 2018-2023
3. South Korea Monosodium Glutamate Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. South Korea Monosodium Glutamate Historical Market: Breakup by Application (USD Billion), 2018-2023
5. South Korea Monosodium Glutamate Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. South Korea Monosodium Glutamate Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7. South Korea Monosodium Glutamate Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8. South Korea Monosodium Glutamate Market Structure
The monosodium glutamate market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
Increasing demand for flavour enhancers in the food processing industry, rising disposable income, increased consumer awareness, continuous research and development by researchers and academicians, and its application in various industries are the major drivers of the market.
The increasing demand for ready-to-eat and processed food and their improved accessibility is the key trend of the South Korea monosodium glutamate market.
The dominant type of monosodium glutamate in the industry are sugarcane or molasses, tomatoes, and cheese, among others.
The major players in the industry are Ajinomoto Co., Inc, CJ CheilJedang Corp, Daesang Corporation, and COFCO International, among others.
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