L-Glutamic Acid Market
L-Glutamic Acid Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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L-Glutamic Acid Market Size and Growth
The L-Glutamic Acid market exhibits robust growth driven by increasing demand in food, pharmaceuticals, and animal feed. As of 2023, the market size is estimated to exceed $1.5 billion, with a projected compound annual growth rate (CAGR) of around 5% over the next five years, reflecting strong industrial and consumer reliance.
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Companies Covered
(Covid 19 Impact Covered)
◍ Emeishan City Dragon Biological Technology Co
◍ Suzhou Organic Bio-Tech Co.,Ltd
◍ Hebei Huayang Biological Technology Co
◍ Kyowa Hakko Bio Co
◍ Ajinomoto
◍ Evonik
◍ Acerblend Ingredients Co., Ltd
◍ Global Bio-chem Technology Group Company Limited
The L-Glutamic Acid market features key players like Ajinomoto, Kyowa Hakko Bio, and Evonik, who drive growth through diverse applications in food, pharmaceuticals, and animal feed. Their innovative production techniques and expanding product lines enhance market competitiveness. Notable revenue contributions include Ajinomoto's annual sales exceeding $10 billion.
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Market Segmentation
By Application
Food
Medicine
Feed
Others
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By Product
Food Grade
Pharmaceutical Grade
Industrial Grade
Market Growth
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$ X Billion USD
