Glutamic acid market is expected to experience a considerable growth owing to increasing application in processed food & animal feed industries. Animal feed industry is expected to witness significant growth owing to increasing global meat consumption coupled with surging high quality meat products demand. This trend is expected to positively impact global glutamic acid market over the forecast period. Shifting trend toward use of processed food is further expected to augment the market growth over the next six years. Glutamic acid is used as food additives and flavor enhancer in several packed and functional foods. Rising consumer preference towards healthy food products with improved taste and nutrition is estimated to fuel market penetration in food processing industry. To cope up with changing consumer food pattern, manufacturers are finding ways to innovate food products. Aforementioned trends are expected to have a positive impact on global glutamic acid market over the forecast period. Changing preference towards natural food additives along with rising health concerns is further expected to augment the market growth. Growing processed food industry owing to its easy availability is expected to be the key factor driving the global glutamic acid market over the foreseeable period. Glutamic acid is used in dairy products to enhance taste and shelf life. Increasing consumption of dairy products is further likely to fuel market expansion.
North America was one of the major glutamic acid consumers in 2013 and is estimated to maintain its dominance over the next six years. Growing processed food industry particularly in U.S. and Mexico is likely to augment market growth in this region. Asia Pacific is estimated to witness significant growth in next few years owing to growing processed food and food additives demand in economies such as India, China and Japan. Rising health concern and government regulations regarding public health and feed additives are expected to positively impact European glutamic acid market.
Glutamic acid aids in correcting personality disorders and is used to treat behavioral disorders in children. It is used to mental retardation, treat epilepsy, ulcers, muscular dystrophy, and hypoglycemic coma. These advantages are expected to create immense opportunities for the new entrants as well as existing players. Some of the global market players operating in glutamic acid market include Sichuan Tongsheng Company Limited, Bachem AG, Suzhou Yuanfang Chemical Co. Ltd., Luojiang Chenming Biological Products Co., and Changzhou Huatong Biochemical Company Limited.
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