Glutamic Acid Market 2016 Industry Growth, Demand , Price and Forecast to 2020
Glutamic acid is also known as alpha acid that is mainly found in protein based product like cereals, meats, certain algae, and soy protein. Glutamic acid is primarily exercised in food industries as a flavor enhancer. Despite of flavor enhancer, glutamic is vital acid required to balance the functioning of the cells of the human body. It also acts as a neurotransmitter and also disposes the extra nitrogen from the body. This feature leads to the utilization of glutamic acid in pharmaceutical on large extent and it is expected to witness robust demand in the years to come.
Rising application of glutamic acid in processed food and animal feed industry is one of the major driving factors of the global glutamic acid market. Shifting preference towards processed food and natural additives among consumer is expected to trigger the growth of the glutamic acid market. In addition, growing consumption of meat and dairy product is another important measure for the sustainable growth of glutamic acid demand. However, excessive intake of glutamic acid results to headaches and fatigue problems which expected to affect the growth of the glutamic acid market.
The market is segmented on the basis of application and regions. Food industry, pharmaceutical, animal feeds and dairy industry are major applications of the glutamic acid market. Among all application, food industry is a leading application segment of the global glutamic acid market and further it is expected to maintain its dominance over the forecast period.
The report provides a comprehensive view on the glutamic acid market. We have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the glutamic acid market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
Geographically, glutamic acid market is segmented as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The report also includes the regions further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.
North America is a dominating regional market for glutamic acid and it is projected to continue this trend over the coming years. In addition, Asia Pacific is a fastest growing region owing to the emerging food market in China and India. Moreover, consumption of processed and packaged food in North America and Europe is estimated to drive the demand for glutamic acid.
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The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. There is some major manufacture in the glutamic acid market such as Luojiang Chenming Biological Products Co., Bachem AG, Sichuan Tongsheng Company Limited, Ajinomoto Co., Inc., Suzhou Yuanfang Chemical Co. Ltd., Changzhou Huatong Biochemical Company Ltd. and amongst other.
This report segments the global glutamic acid market as follows:
Global Glutamic Acid Market: Application Segment Analysis
- Food Industry
- Animal Feeds
- Dairy Industry
Global Glutamic Acid Market: Regional Segment Analysis
- North America
- Latin America
- Middle East & Africa
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