Monosodium Glutamate (MSG) Prices

Monosodium Glutamate (MSG) Prices December 2023

The monosodium glutamate (MSG) prices in the United States for Q4 2023 reached 1,596 USD/MT in December. By late 2023, monosodium glutamate prices in the USA were initially high due to strong downstream demand and limited manufacturing. Increased engrossment from Asia and Europe raised export prices. However, as the economic situation worsened and destocking became more common, prices started to decline, reflecting broader market adjustments.

The price trend for monosodium glutamate (MSG) in China for Q4 2023, reached 1,197 USD/MT in December. In China, the monosodium glutamate market experienced a price increase due to strong demand from the food and beverage industries and rising production costs. However, by the fourth quarter, economic difficulties and reduced downstream demand caused prices to fall, indicating a shift in the market trend.

The price trend for monosodium glutamate (MSG) in Germany for Q4 2023, reached 2,282 USD/MT in December. Germany saw a rise in monosodium glutamate prices, influenced by increased downstream demand and the high cost of imports. Later in the year, falling feedstock costs lowered production expenses, resulting in reduced prices for monosodium glutamate, demonstrating a correction in the market.

Monosodium Glutamate (MSG) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Monosodium glutamate (MSG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of monosodium glutamate (MSG) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of monosodium glutamate (MSG) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of monosodium glutamate (MSG) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing monosodium glutamate (MSG) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Monosodium Glutamate (MSG) Market Analysis

The global monosodium glutamate (MSG) market size reached US$ 5.83 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.51 Billion, at a projected CAGR of 4.30% during 2023-2032.

• The demand for MSG is impelled by its use in the pharmaceutical industry. MSG is used for biochemical reagents production because glutamate is essential for improving and maintaining brain function. In addition, drugs containing MSG might be used to prevent liver coma and epilepsy. MSG can be used in research studies to understand its effects on the body, especially related to neurological and metabolic processes. It aids in lowering the metallic taste of liquids having iron. Some health supplements might contain MSG or similar compounds, particularly those aimed at supporting brain health or muscle recovery. It is widely employed in intravenous infusions to provide essential nutrients for patients. Apart from this, MSG enhances the absorption of the active pharmaceutical ingredients in some drug delivery systems. As per Invest India, the pharmaceutical industry in India is anticipated to hit US$ 130 Billion by 2030.
• Another factor driving MSG consumption across the globe is its increased employment in cosmetics and personal care products like makeup, soap, shampoo, and conditioner cosmetic items because of its hygroscopic qualities. It benefits in preserving the moisture balance of the skin and improving its smoothness. The IMARC Group research report estimates that the beauty and personal care products market is projected to touch US$ 759.3 Billion in 2032.
• The usage of MSG as a taste enhancer in poultry and animal feed is another factor driving factor. Products that make food more palatable for animals are in higher demand.
• In addition, MSG is often added to tobacco in order to enhance its taste. The rising consumption of tobacco and its related items among the masses is catalyzing the demand for MSG.
• MSG production is rising because of its increased demand in the food and beverage (F&B) industry. To give many processed food items a deeper, savory flavor, MSG is frequently added. It is a vital component of several instant ramen noodle products.

Monosodium Glutamate (MSG) News

The report covers the latest developments, updates, and trends impacting the global monosodium glutamate (MSG) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in monosodium glutamate (MSG) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the monosodium glutamate (MSG) price trend.

Latest developments in the monosodium glutamate (MSG) industry:

• In 3 June 2024, Ajinomoto Group launched its bio-cycling project that aims to promote health and sustainability. The company is popular for its flavor enhancer MSG and talks about its attempts to repurpose trash generated during manufacturing into useful items like fertilizer.   

Product Description 

MSG is a commonly used flavor enhancer in a diverse food product including noodles, snacks, and RTE meals. It is manufactured by fermenting a several plant-based ingredients like corn, sugar cane, sugar beets, and cassava. It can be found in a variety of food items, including dairy products, meat, fish, eggs, tomatoes, corn, and nuts. Apart from this, it crystallizes as a pentahydrate at temperatures below -80C.

MSG is categorized as a safer product by the United States Food and Drug Administration (FDA) and the World Health Organization (WHO). MSG serves as a partial replacement for salt, containing just one-third of the sodium. It also assists in improving the flavor profile of individuals and increasing consumer satisfaction.

Regional Coverage

The report provides a detailed analysis of the monosodium glutamate (MSG) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast, and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the monosodium glutamate (MSG) price trend.

Global Monosodium Glutamate (MSG) Price

The report offers a holistic view of the global monosodium glutamate (MSG) pricing trends in the form of monosodium glutamate (MSG) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into monosodium glutamate (MSG) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into monosodium glutamate (MSG) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed monosodium glutamate (MSG) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Monosodium Glutamate (MSG) Price

In Europe, the market was shaped by increased orders from downstream sectors and higher expenses for feedstock materials. Reliance on costly imports also contributed to the upward price trend as expensive shipments affected market dynamics. Nevertheless, a drop in feedstock expenses later in the year reduced manufacturing costs and led to a decline in product prices, indicating a market correction. As a result, consumers began to experience more stable prices, signaling a potential stabilization of the market. This shift could also influence future trends and investment strategies within the industry.

This analysis can be extended to include detailed monosodium glutamate (MSG) price information for a comprehensive list of countries.

North America Monosodium Glutamate (MSG) Price

Some significant fluctuations were observed in the product price in North America. The rates were high due to strong requirements from downstream sectors and restricted manufacturing. Moreover, increased export expenses caused by demand from Asian and European markets also contributed to the rise in prices. Nevertheless, with worsening economic conditions and a rise in inventory reductions towards the end of the year, prices started to decline, showing market adaptations. This dynamic shows the sensitivity of the North American market to both regional and global economic pressures.

Specific monosodium glutamate (MSG) historical data within the United States and Canada can also be provided.

Middle East and Africa Monosodium Glutamate (MSG) Price

The report explores the monosodium glutamate (MSG) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on monosodium glutamate (MSG) prices for countries can also be provided.

Asia Pacific Monosodium glutamate (MSG) Price

There was significant growth in the Asia Pacific market due to high demand from the food and beverage (F&B) sector. Increased manufacturing led to lower stock levels, resulting in higher prices. Rising rates of raw materials, natural gas, and crude oil led to higher manufacturing costs. Nevertheless, the increase did not continue, with economic difficulties and a reduction in demand causing prices to fall, indicating a shift in market trends. This decline suggests a potential stabilization period ahead, with businesses adjusting to the changing economic landscape and fluctuating demand patterns.

This monosodium glutamate (MSG) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Monosodium Glutamate (MSG) Price

The analysis of monosodium glutamate (MSG) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of monosodium glutamate (MSG) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting monosodium glutamate (MSG) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The monosodium glutamate (MSG) price charts ensure our clients remain at the forefront of the industry.