DUBLIN--(BUSINESS WIRE)--The "Global Monosodium Glutamate (MSG) Market - Growth, Trends, and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The market is expected to register a CAGR of 4.6%, during 2017-2022
MSG is listed by the European Union under safe-for-use food additive and GRAS (generally recognized as safe) food ingredient by the US Food and Drug Administration (FDA)
Food processing industries are the major end users for monosodium glutamate, using it for the production of convenient & functional food, such as instant noodles, snacks, seasonal blends, and soups. Moreover, MSG is used by the institutional food service providers and restaurants. It is readily available in the market under various trade names, such as accent, Ajinomoto, and third spice. Monosodium Glutamate is commonly used in fast foods and has no distinct flavor, however, it helps to intensify the natural flavor of food and is described as Umami', the fifth basic taste after sweet, bitter, sour, and salty.
In 2015, retail value sales of packaged food products, with a No Monosodium Glutamate / No MSG' claim on the packaging, was valued at USD 9 billion, owing to the sales profits derived from sauces, dressings, and condiments. The use of flavor enhancers has been a concern for a particular consumer segment in the West, which is influenced by the fact that these ingredients cause health effects, such as headaches, allergic reactions, and nausea, a condition commonly known as Chinese Restaurant Syndrome'. However, the increasing preference of people towards processed and fast foods, owing to the hectic lifestyle, is expected to remain a key driving factor for the global MSG market, during 2016-2022 (the forecast period).
Asia-Pacific leads the global MSG market, followed by North America. China, India, and Japan drive the Asia-Pacific region, owing to the increasing consumption of processed food, dairy, and other food products. China accounted for more than 52% of the total MSG consumption in 2013.
Key Topics Covered:
2. Market Overview
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- Ajinomoto Co. Inc.
- Cofco (China National Cereals
- Oils and Foodstuffs Corporation)
- Fufeng Group
- Fujian Wuyi Ms
- Global Bio-Chem Technology Group Company Limited
- Henan Lotus
- Lotus Health Industry Holding Group Company
- Meihua Biological
- Meihua Group
- Meihua Holdings Group
- Ningxia Eppen
For more information about this report visit https://www.researchandmarkets.com/research/sfrc4m/global_monosodium