Glutamic Acid Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

The glutamic acid market was $ 10,496 million, and will advance at a growth rate of 7% in the coming years to reach about $19,444 million by 2030.

Glutamic acid is used for protein production. The increasing consumption of this kind of acid in the food and beverage sector as a food preservative and enhancer, together with the rising necessity for animal feed because of the augmented consumption of poultry products like chicken, pork, turkeys, beef and geese, along with increasing requirement for aquatic products like fish and shrimp, will drive the industrial growth in the future.

Food and beverage application is giving out the highest revenue with over 83% share in 2021. This is due to the fact that glutamic acid is extensively used as a taste enhancer. For example, monosodium glutamate, a glutamic acid molecule, is usually used for improving the flavor of canned veggies, broths, carbohydrate-based snacks, salad dressings, processed meat, and dairy goods.

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Europe will grow significantly in the years to come, because of the region's thriving pharma industry, which will benefit from the increasing use of pharma drugs and enhancements, the increasing elderly population, and the increasing health awareness among people. Also, the requirement for the acid will be driven by the considerable presence of pharma manufacturers and their increasing emphasis on generating pioneering pharma items.

The increasing consumption of this acid in the food and beverage industry as a food preservative and enhancer, accompanied by the increasing necessity for animal feed because of the augmented consumption of poultry and aquatic products is helping the demand for the glutamic acid to grow rapidly.