The Business Research Company’s Glutamic AcidGlobal Market Report 2023is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2023-2032. The Glutamic AcidGlobal Market Report 2023evaluates glutamic acid market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global glutamic acid market size grew from $10.33 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the glutamic acid market is expected to grow to $15.51 billion in 2027 at a CAGR of 8.1%.
The glutamic acid market segments in the report are:
1) By Product: Biosynthesis, Industrial Synthesis
2) By Source: Plant-Based, Animal Based
3) By Application: Pharmaceutical, Food Additives, Animal and Pet Food, Other Applications
Top Major Players:
AMINO GmbH
Evonik Industries AG
Fufeng Group
Hefei TNJ Chemical Industry Co.Ltd.
Kyowa Hakko Bio Co. Ltd
North America was the largest region in the glutamic acid market in 2022.
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The table of contents in TBRC’s glutamic acid market report includes:
1. Executive Summary
2. Glutamic Acid Market Characteristics
3. Glutamic Acid Market Trends And Strategies
4. Glutamic Acid Market – Macro Economic Scenario
5. Glutamic Acid Market Size And Growth
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26. Africa Glutamic Acid Market
27. Glutamic Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glutamic Acid Market
29. Glutamic Acid Market Future Outlook and Potential Analysis
30. Appendix
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