The Glutamic Acid Market is Predict to reach USD 16.3 Billion by 2030, at a CAGR of 5.1%

Glutamic Acid Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Glutamic Acid Market size is expected to reach $16.3 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,235.04 Kilo Tonnes, experiencing a growth of 4.3% (2019-2022).

The Cosmetic & Personal Care segment is experiencing a CAGR of 6.6% during (2023 - 2030). As consumers become more conscious of the ingredients in their personal care products, demand for natural and functional ingredients like glutamic acid may rise. The anti-aging properties of glutamic acid can contribute to its inclusion in formulations targeting mature skin. Therefore, the segment will grow rapidly in the coming years.

Full Report: https://www.kbvresearch.com/glutamic-acid-market/

The Asia Pacific region dominated the Global Glutamic Acid Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.7 billion by 2030. The North America region is poised to grow a CAGR of 4.5% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 4.6% during (2023 - 2030).

List of Key Companies Profiled

• Ajinomoto Co., Inc.
• Evonik Industries AG (RAG-Stiftung)
• Wuhan Amino Acid Bio-Chemical Co., Ltd
• Sichuan Tongsheng Amino acid Co., Ltd
• Medinex
• KYOWA HAKKO BIO CO.,LTD. (Kirin Holdings Company, Limited)
• Hefei TNJ Chemical Industry Co.,Ltd.
• Haihang Industry Co.,Ltd.
• FUFENG GROUP
• AMINO GmbH

Glutamic Acid Market Report Segmentation

By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Food Industry
• Pharmaceutical
• Cosmetic & Personal Care
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Glutamic Acid Market Size, Trend & Share 2030

• January-2024
• 76 Pages

LAMEA Glutamic Acid Market Size, Share & Growth Rate to 2030

• January-2024
• 85 Pages

Europe Glutamic Acid Market Size & Industry Trends to 2030

• January-2024
• 83 Pages

Asia Pacific Glutamic Acid Market Size & Forecast to 2030

• January-2024
• 85 Pages