Latin America Glutamic Acid Market Size & Outlook
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Latin America glutamic acid market highlights
- The Latin America glutamic acid market generated a revenue of USD 873.0 million in 2024.
- The market is expected to grow at a CAGR of 6.9% from 2025 to 2030.
- In terms of segment, food & beverages was the largest revenue generating application in 2024.
- Pharmaceuticals is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 873.0 million |
| Market revenue in 2030 | USD 1,292.9 million |
| Growth rate | 6.9% (CAGR from 2025 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Pharmaceuticals |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Pharmaceuticals, Animal Feed |
| Key market players worldwide | Ajinomoto Co Inc, Akzo Nobel NV, Evonik Industries AG, Kyowa Hakko USA, Hefei TNJ Chemical Industry Co., Global Bio-chem Technology Group Co Ltd, Ningxia Yipin |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global glutamic acid market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,141.8 million by 2030.
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Glutamic Acid Market Scope
Glutamic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kyowa Hakko Kogy | View profile | - | http://www.kyowahakko-bio.co.jp | |
| Suzhou Yuanxing Technology Co., Ltd. | View profile | 11-50 | Suzhou, Jiangsu, China, Asia | - |
| Ningxia Yipin | View profile | 1-10 | Yinchuan, Ningxia, China, Asia | https://en.eppen.com.cn/ |
| Hefei TNJ Chemical Industry Co. | View profile | 51-100 | Hefei, Anhui, China, Asia | http://www.tnjchem.com |
| Kyowa Hakko USA | View profile | 11-50 | New York, New York, United States, North America | https://kyowa-usa.com |
| Global Bio-chem Technology Group Co Ltd | View profile | 2154 | 18 Hung Luen Road, Suite 1002, 10th Floor, Tower A, Cheung Kei Center, Hong Kong, Hong Kong | http://www.globalbiochem.com |
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Latin America glutamic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glutamic acid market will help companies and investors design strategic landscapes.
Food & beverages was the largest segment with a revenue share of 88.34% in 2024. Horizon Databook has segmented the Latin America glutamic acid market based on food & beverages, pharmaceuticals, animal feed covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of glutamic acid market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America glutamic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America glutamic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America glutamic acid market size, by country, 2018-2030 (US$M)
Latin America Glutamic Acid Market Outlook Share, 2024 & 2030 (US$M)
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