Chemical Market Reports Glumatic Acid and Monosodium Market Analysis | Page 3

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Food and dairy products coupled occupied the maximum share in MSG market and accounted more than 80% in 2015 and it is a likely increase in more. The supporting government initiatives to the food processing industries in many regions such as India, china, japan, Canada and many among others. India is giving special subsidies to food processing industries and allowing hundred percent FDI in this industry. Adonis Willard has reached more than 100 processing industries in India and china from past decades. Asia-Pacific has the highest market share of 64% and 88% for MSG and glumatic acid, respectively in the total consumption and production in 2015. The India and China food processing industries are emerging as a lucrative growth. Hence the usage of these chemicals is being increased consistently every year. By new government reforms in food processing industries and supporting, the farmer's concern is also some of the major drivers for industrial growth in the Asia-Pacific region. Monosodium and glutamic acids are majorly undiluted in Asia-Pacific region as feedstock such as tapioca and molasses are richly available coupled with the competitive labour force. Where Asia’s Monosodium and Glumatic acid accounted for 94% of the total production in 2015. Regions like Vietnam, Indonesia, Thailand and Taiwan are major MSG producers. And out of which China accounted more than 65% mar ket share in Asian MSG production followed by another. Taiwan, South Korea, Japan among other regions are expected to witness sullen growth over the 2014-2024 North America occupies the 2nd largest share in total volume of MSG and glumatic acids.It contributes 30% of global consumption. The Canadian government is creating awareness programs and conferences for food processing industries about glumatic acid benefits and how it enables shelf life for dairy products. This creating positive impact for glumatic and MSG market in the North Americas region Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/