Global Glutamic Acid Market Outlook, Opportunities And Strategies – Includes Glutamic Acid Market Trends
Learn about the global glutamic acid market through The Business Research Company, which provides information on glutamic acid market size, glutamic acid market drivers and restraints, glutamic acid market players, the COVID-19 impact on the glutamic acid market, and more.
The global glutamic acid market is expected to grow from $9.22 billion in 2021 to $10.23 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The global glutamic acid market size is expected to grow to $13.64 billion in 2026 at a CAGR of 7.4%.
Consumer awareness toward healthy and nutritious foods is expected to propel the growth of the glutamic acid market going forward.
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The glutamic acid market consists of sales of glutamic acid products by entities (organizations, sole traders, partnerships) that are used to build proteins to improve memory and focus, boost the immune system, support prostate health, detox the body, improve athletic performance, and also aid digestion. Glutamic acid refers to a form of amino acid that is converted to glutamate. This is a chemical that enables brain nerve cells to communicate with one another and send and receive information. It is necessary for the body’s protein synthesis and plays an important function in the central nervous system. The amino acid is involved in so many processes in the body that it can prove to be beneficial in a variety of ways.
Global Glutamic Acid Market Segments Include:
By Product: Biosynthesis, Industrial Synthesis
By Source: Plant-Based, Animal Based
By Application: Pharmaceutical, Food Additives, Animal and Pet Food, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global glutamic acid market in 2021.
Strategic collaborations and partnerships have emerged as a key trend gaining popularity in the glutamic acid market. Major companies operating in the glutamic acid market are entering into partnerships and collaborations to sustain their business in the market.
TBRC’s Glutamic Acid Market Report Covers:
Major Market Players: AMINO GmbH, Evonik Industries AG, Fufeng Group, Hefei TNJ Chemical Industry Co.Ltd., Kyowa Hakko Bio Co. Ltd., Medinex Laboratories Pvt. Ltd., Sichuan Tongsheng Amino acid Co. Ltd, Wuhan Amino Acid Bio-Chemical Co. Ltd., Global Bio-chem Technology Group Company Limited, Ningxia Yipin Biological Technology Co. Ltd., Akzo Nobel N.V., Iris Biotech GmbH, Ottokemi, and Luojiang Chenming Biological Products Co. Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Glutamic Acid Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides glutamic acid market overviews, analyzes and forecasts market size, share, glutamic acid market players, glutamic acid market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s glutamic acid market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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