Glutamic Acid Market Share, Growing Demand, and Top Key Players

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The glutamic acid market was $10,496 million, and will advance at a growth rate of 7% in the coming years to reach about $19,444 million by 2030.

Glutamic acid is used for protein production. The increasing consumption of this kind of acid in the food and beverage sector as a food preservative and enhancer, together with the rising need for animal feed because of the increased consumption of poultry products like chicken, pork, turkeys, beef and geese, along with Increasing requirement for aquatic products like fish and shrimp, will drive the industrial growth in the future.

Browse detailed - Glutamic Acid Market Revenue Estimation and Growth Forecast Report

Europe will grow significantly in the years to come, because of the region's thriving pharma industry, which will benefit from the increasing use of pharma drugs and enhancements, the increasing elderly population, and the increasing health awareness among people. Also, the requirement for the acid will be driven by the considerable presence of pharma manufacturers and their increasing emphasis on generating pioneering pharma items.

The increasing consumption of this acid in the food and beverage industry as a food preservative and enhancer, accompanied by the increasing need for animal feed because of the increased consumption of poultry and aquatic products is helping the demand for the glutamic acid to grow rapidly.

 

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