Increased demand from food industry and increased demand from pharmaceutical industry drive the growth of the global glutamic acid market. However, harmful effect associated with the usage of glutamic acid hinders the market growth. On the other hand, rise in preference toward natural food additives present new opportunities in the coming years.
The global glutamic acid market generated $9.9 billion in 2020, and is anticipated to generate $16.6 billion by 2030, witnessing a CAGR of 5.4% from 2021 to 2030.
Glutamic acid is one of the most important amino acid used for the synthesis of proteins. It is also called as protein genic amino acid and is an abundant source of amino acid present in almost every organism. Glutamic acid is found in highest concentration in blood musculature, spinal fluid, cerebral and plasma. It is most commonly found in all protein rich food including meats, soy proteins, eggs, and cereals, among others. Glutamic acid is necessary to produce energy in the body and for the functioning of immune system, nervous system, and digestive systems. It aids muscular growth, which is why it’s commonly included in supplements used by sportsmen and bodybuilders. Glutamic acid also helps with detoxifying and controls acid balance.
Glutamic Acid Market Segment Overview
The glutamic acid market is segmented on the basis of end-use industry and region. By end-use industry, it is segmented into pharmaceutical, cosmetic, food and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The glutamic acid market share is analyzed across all significant regions and countries.
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The food industry segment to maintain its lead position during the forecast period
Based on end use industry, the food industry segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global glutamic acid market, and is projected to maintain its lead position during the forecast period. Glutamic acid is widely used in soups, snacks, condiments, convenience & functional food, seasoning blends, and noodles and Processed food accounts for 80% of worldwide food sales owing to which food industry occupies the major share of glutamic acid market. However, the pharmaceutical industry segment is expected to portray the largest CAGR of 5.8% from 2021 to 2030, owing to usage of glutamic acid in pharmaceutical industry for the medication of heart and brain function.
Asia-Pacific, followed by North America, to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global glutamic acid market. Moreover, the same region is expected to witness the fastest CAGR of 5.9% during the forecast period. Surge in industrialization in developing countries like India and China along with increased demand from pharmaceutical and cosmetic & personal care industry is boosting the demand for glutamic acid in the region. In addition, rise in government spending on pharmaceutical industry in this region is further going to boost the demand for glutamic acid.
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