Glutamic Acid Market size was valued at US$ 10.27 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.6% from 2022 to 2027, reaching nearly US$ 15.94 Bn.
Glutamic Acid Market Overview:
The Glutamic Acid Market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Glutamic Acid Market, as well as the reasons for variations in the industry's growth across a number of sectors.
Glutamic Acid Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmantation :
Glutamic Acid Market by Source Type
• Animal Based
• Plant Based
Glutamic Acid Market by Function
• Metabolism
• Neurotransmitter
• Detoxifying agent
• Flavor Enhancer
• Nutrient
• NMR Spectroscopy
• Plant Growth
• Others
Glutamic Acid Market by Application
• Food Beverages
• Pharmaceuticals
• Animal Feed
• Others
Key Players:
• Bio-chem Technology Group Company Limited
• Sichuan Tongsheng Amino Acid Co., Ltd
• Suzhou Yuanfang Chemical Co. Ltd
• Shaanxi Sciphar Hi-tech Industry Co., Ltd
• EPPEN Bioengineering Stock Co., Ltd
• Evonik Industries AG
• Kyowa Hakko Bio Co., Ltd
• Tokyo Chemical Industry Co., Ltd
• Sunrise Nutrachem Group
• Kyowa Hakko Bio Co., Ltd
• Tocris Bioscience Ltd
• Iris Biotech GmbH
• Ajinomoto Co., Inc
• Prinova U.S. LLC
• AnaSpec Inc.
• Royal DSM
• Bachem AG
• Ningxia
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and market breakdowns, which are then checked using primary data.
The biggest players in the Glutamic Acid market are as follows:
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Glutamic Acid market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Glutamic Acid Market:
Due to a stop in operations, end-user sectors where Glutamic Acid are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Glutamic Acid manufacturers, hurting the growth of the Glutamic Acid market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Glutamic Acid has fallen.
Key Questions Answered in the Glutamic Acid Market Report are:
- In 2021, which segment accounted for the most share of the Glutamic Acid market?
- What is the competitive landscape of the Glutamic Acid market?
- What are the key factors influencing Glutamic Acid market growth?
- In the Glutamic Acid market, which region has the most market share?
- What will be the CAGR of the Glutamic Acid market during the forecast period (2022-2027)?
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