Global Glutamic Acid Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 8.45% through 2020 to 2027, reaching US$ XX Bn. The report has covered region wise market trends with competitive landscape.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Global Glutamic Acid Market

Glutamic acid is widely famous as crystalline amino acid having chemical formula C5H9NO4, which is widely obtained from protein, further act as a neurotransmitter and plays a major role in nitrogen metabolism. Glutamic acid is available in all protein-rich foods containing meats, eggs, cereals, soy proteins, etc.

The global glutamic acid market is driven by the increasing application in processed food & animal feed industries and the consumer more concentrating on healthy food products with improved taste and nutrition. The growing demand for dietary supplements and the rapid growth in the pharmaceutical industry in emerging economies like China, India, and Mexico are estimated to fuel market growth in the coming years. However, the high intake of glutamic acid results in headaches and fatigue problems may hamper the market growth over the upcoming period.

The food additives segment held the dominant market share of XX% in 2019

The MMR report covers the detailed analysis of the global glutamic acid market by source type, function, application, and region.

Based on source type, the plant-based segment has led the global glutamic acid market in 2019 and is expected to grow at a CAGR of XX% during the forecast period thanks to the increasing consumer preference towards natural food products include wheat, corn, soybean, potato, and peas.

Based on application, the food additives segment held the dominant market share of XX% in 2019 and is expected to maintain its dominance during the forecast period. This is attributed to the glutamic acid is extensively used as a flavour enhancer in various packed and functional food. On the other hand, the animal and pet food segment is expected to grow at a CAGR of XX% during the forecast period owing to the rising meat consumption along with surging high-quality meat products demand globally.

Asia Pacific held the dominant market share of 50.34% 2019

Geographically, Asia Pacific held the dominant market share of 50.34% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. The increased consumer expenditure, rising adoption of a healthy lifestyle, and the growth in various end-use industries like pharmaceutical, food & beverages are fuelling the market growth in the region. The growth impact in the food industry in developing countries like China and India are projected to propel the market growth in the region.

Europe held the second-largest market share of XX% in 2019 and is expected to hold a prominent market share of XX% in terms of revenue during the forecasted period. The growing demand for high-quality meat and meat products is projected to increase the demand for feed additives, which will boost the market growth in Europe. The U.K., Germany, France, and Italy are the leading contributor to the regional market growth.

The objective of the report is to present a comprehensive analysis of the Global Glutamic Acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Glutamic Acid Market dynamics, structure by analyzing the market segments and project the Global Glutamic Acid Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Glutamic Acid Market make the report investor’s guide.
Scope of the Global Glutamic Acid Market

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Global Glutamic Acid Market, by Source Type

• Animal Based
• Plant Based
Global Glutamic Acid Market, by Function

• Metabolism
• Neurotransmitter
• Detoxifying agent
• Flavor Enhancer
• Nutrient
• NMR Spectroscopy
• Plant Growth
• Others
Global Glutamic Acid Market, by Application

• Animal and Pet Food
• Pharmaceutical
• Food Additives
Global Glutamic Acid Market, by Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Glutamic Acid Market, Major Players

• Global Bio-chem Technology Group Company Limited
• Sichuan Tongsheng Amino Acid Co., Ltd
• Suzhou Yuanfang Chemical Co. Ltd
• Shaanxi Sciphar Hi-tech Industry Co., Ltd
• EPPEN Bioengineering Stock Co., Ltd
• Evonik Industries AG
• Kyowa Hakko Bio Co., Ltd
• Tokyo Chemical Industry Co., Ltd
• Sunrise Nutrachem Group
• Kyowa Hakko Bio Co., Ltd
• Tocris Bioscience Ltd
• Iris Biotech GmbH
• Ajinomoto Co., Inc
• Prinova U.S. LLC
• AnaSpec Inc
• Royal DSM
• Bachem AG
• Ningxia

This Report Is Submitted By : Maximize Market Research Company

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