The Glutamic Acid Market is being driven by Growing demand for use in sports supplements
The Glutamic Acid Market is expected to grow at a CAGR of 9.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7840.9 million. In the animal feed industry, various types of feedstocks are utilized to cater to the nutritional requirements of livestock. These include hay, straw, silage, compressed and pelleted feeds, oils, mixed rations, sprouted grains, and legumes. Food grains serve as the primary source of animal feed on a global scale. To optimize growth and ensure the health of farm animals, feed additives are incorporated into their diets. Among these additives, glutamic acid plays a pivotal role due to its essential function in the biochemical and metabolic processes of animals. As a crucial component of muscles and tissues, glutamic acid contributes to antioxidative responses, fuels metabolism and digestion, signals cells, manages fertility, supports neurotransmission, regulates gene expression, and provides immune responses. Consequently, its inclusion in animal feed is indispensable.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
203 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.1% |
Market growth 2025-2029 |
USD 7840.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.0 |
Key countries |
US, Canada, China, Japan, India, Germany, South Korea, UK, Italy, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Glutamic acid, an essential amino acid, is derived from various sources including Beets, Parsley, Cabbage, Wheat, Spinach, Wheatgrass, Cereals, Poultry, Aquatic food products, Beans, Legumes, Soups, Canned vegetables, Instant noodles, Dairy goods, Energy drinks, Ready-to-drink beverages, Packaged foods, Glucose, and Protein-rich foods like Soy protein, Meats, Eggs, and Fatigue fighters such as Coryneform bacteria in Sugarcane molasses, Blood plasma, and Spinal fluid. These sources are used in the production of Glutamic acid for various food and beverage applications.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries' necessities, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market's size is determined by the consolidated revenue of these businesses. Factors fueling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants, with the demand for these products anticipated to surge throughout the forecast period. This trend is driven by the growing recognition of their superior performance and versatility in various applications, including those derived from beets, parsley, cabbage, wheat, spinach, wheatgrass, and cereals.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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