Chan Ye Xin Xi Wang·2025-08-22 01:35Core Viewpoint - The glutamic acid market in China is experiencing growth driven by increasing food consumption, with a projected demand of 262.36 million tons in 2023, but is expected to decline to 256.53 million tons in 2024 due to macroeconomic factors [1][11]. Industry Overview - Glutamic acid is a significant food additive, primarily used as a flavor enhancer in the food industry, with over 60% of its demand coming from this sector [9][11]. - The market size for glutamic acid reached 236.67 billion yuan in 2023, but is forecasted to decrease to 202.97 billion yuan in 2024 [1][11]. Supply Chain - The upstream supply chain includes suppliers of raw materials like corn and starch, as well as auxiliary materials and production equipment [6]. - The midstream involves the production of glutamic acid, while the downstream applications span food, feed, and pharmaceuticals [6]. Competitive Landscape - The glutamic acid market in China is characterized by an oligopolistic structure, with leading companies like Fujian Group, Meihua Biological Technology, and Yipin Biological dominating the market, holding over 80% of the market share [15][18]. - Fujian Group reported a total revenue of 27.76 billion yuan in 2024, with a gross profit of 5.057 billion yuan [18]. - Meihua Biological Technology achieved a total revenue of 25.07 billion yuan in 2024, with a significant portion coming from animal nutrition amino acids [20]. Development Trends - There is a growing consumer preference for high-purity and low-sodium glutamic acid products, with L-glutamic acid and polyglutamic acid expected to be key growth areas [22]. - The industry is moving towards sustainable production practices, focusing on reducing energy consumption and waste, and improving water recycling and resource recovery [22].