APAC Monosodium Glutamate Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

APAC Monosodium Glutamate Market Size

APAC Monosodium Glutamate Market Trends and Growth Drivers

Expansion of MSG Applications Is Major Driver for Market

• MSG is utilized across various sectors, including food processing, pharmaceutical, cosmetics, and livestock farming.
• Moreover, most of the processed food, such as snacks, soups, sauces, and seasoning, uses MSG as a flavor enhancer.
• Additionally, the pharmaceutical industry uses MSG as a stabilizer and excipient in tablets, capsules, and oral suspensions.
• The pharmaceutical industry in this region is experiencing rapid growth, driven by the increasing prevalence of chronic diseases.
• This surge is prompting the industry to invest heavily in R&D, which is fueling the market expansion.
• Furthermore, the cosmetic industry utilizes MSG in its products due to its skin conditioning properties.
• It is used in moisturizers, lotions, and creams to provide a smooth and pleasant sensation during application.

Increasing Popularity of Packaged Food Is also Driving the Market Growth

• There is a rise in overall population and disposable income in Asia-Pacific region.
• As lifestyles become busier, people are increasingly turning to packaged foods for convenience.
• In addition, the packaging sector is seeing a surge in the pace of technological advancements, including engineering sciences, intelligent packaging, and active packaging, which are providing an effective route for flexible food product packaging.
• Furthermore, most packaged food products are comprised of ready-to-eat products such as noodles and snack food, which use MSG to enhance the flavor.

Health Concerns Associated with MSG Are Major Concern

• MSG is one of the most-widely used food additives in commercial products, and its usage has grown significantly over time.
• It acts as a flavor enhancer in various food products, but it comes with various diseases associated with it.
• MSG has been linked to toxicity, obesity, metabolic disorders, Chinese restaurant syndrome, neurotoxic effects, and detrimental effects on the reproductive organs.
• Additionally, it contains glutamic acid, which can cause severe health conditions and has several side effects, such as weight loss and depression.
• Furthermore, an overdose of glutamic acid can cause extreme respiratory problems or death.

APAC Monosodium Glutamate Market Analysis

Form Analysis

• The crystalline category will hold the market's larger share, in 2024 and grow at the higher CAGR of XX% during the forecast period.
• This is because MSG is available and used in crystalline form for various applications.
• It is used in several food products due to its ease of dissolution and ability to enhance flavor effectively.
• Additionally, crystals have a longer shelf life as they are resistance to clumping, unlike powder.

The forms analyzed in this report are:

• Powder
• Crystalline (Larger and Faster Category)

Distribution Channel Analysis

• The B2B category will hold the larger market share, of 65%, in 2024, and it is expected to remain dominant in the forecast period.
• This is because producers provide monosodium glutamate to various end-use industries, such as food processing, in large volumes.
• The B2C category will develop at the higher CAGR, of 5.6%, over the forecast period.
• B2C provides MSG directly to the consumers through various methods of distribution, such as supermarkets, convenience stores, specialty stores, and online retail.
• Moreover, the online retail subcategory is growing at a rapid pace as this distribution channel provides customers with a variety of products and home delivery options.
• Furthermore, online retail stores provide comparative analysis of the products to consumers, which helps them choose the best out of the variety of products available in the market.

The distribution channels analyzed in this report are:

• B2B (Larger Category)
• B2C (Faster-Growing Category)
  • Supermarkets & hypermarkets
  • Convenience stores
  • Specialty stores
  • Online retail
  • Others

Application Analysis

• Preservatives will hold the largest market share, of 45%, in 2024 due to the growing need for preservatives to increase the shelf life of food, personal care, and pharmaceutical products.
• Additionally, with the increasing health consciousness among consumers in the APAC region, there is a growing emphasis on food preservation to prevent spoilage and inhibit microbial growth.
• As a result, MSG is gaining popularity for its role in maintaining food safety and quality, which is driving the growth of this category in the region.
• Additives will grow at the highest CAGR, of 6.0%, during the forecast period because they help enhance the flavor, color, and overall sensory experience of food products.
• Furthermore, ongoing innovations in flavor enhancement methods and the increasing popularity of packaged food are driving the growth of the market.

The applications analyzed in this report are:

• Additives (Fastest-Growing Category)
• Acidity Regulators
• Preservatives (Largest Growing-Category)
• Others

End Use Analysis

• The food processing & service category will hold the largest market share, and is expected to grow at the highest CAGR, during the forecast period.
• This is due to the population increase in the APAC region, which raises the demand for food products.
• Specifically, the increase in the demand for ready-to-eat foods in the Asia-Pacific region, driven by consumers' preference for convenience, is significantly propelling the market.
• As more individuals turn to bakery items and fast foods to save time, the use of MSG as a flavor enhancer in these products is becoming prevalent.

The end uses analyzed in this report are:

• Food Processing and Service (Largest and Fastest-Growing Category)
• Pharmaceuticals
• Cosmetics
• Animal Feed
• Retail
• Others

Geographical Analysis

• China will dominate the APAC MSG market, with a share of 40%, in 2024 and grow at the highest CAGR, of 6.2%, during the forecast period.
• This is because most of the established and largest MSG producers and consumers are present in this region.
• Moreover, innovation in MSG products is at more extensive in China in comparison to other countries in the APAC region.
• Most of the market players are investing in the development of MSG-based seasoning blends and low-sodium MSG alternatives due to the changing consumer preferences in regard to health.

The countries analyzed in this report are:

• China (Largest and Fastest-Growing Country)
• Taiwan
• South Korea
• Japan
• India
• Rest of Asia-Pacific (APAC)

APAC Monosodium Glutamate Market Share

• The market nature of the MSG in Asia-Pacific is consolidated as most of the market share is occupied by key players, such as Ajinomoto Co. Inc., Vedan International (Holdings) Limited, Ningxia Eppen Biotech Co., Kyowa Hakko Bio Co. Ltd., and Shandong Linghua MSG Co. Ltd.
• These companies are implementing market expansion strategies and investment plans to increase their product portfolio and improve their consumer base.

APAC Monosodium Glutamate Market Companies News

• In May 2024, VEDAN Vietnam created a new frozen food category.
• In December 2023, Kerry Group plc announced to buy a portion of the global lactase enzyme business owned by Novozymes A/S and Chr. Hansen Holding A/S on a carve-out basis.