Glutamic Acid Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Glutamic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Glutamic Acid Price Trend for Q1 of 2024
Glutamic acid synthesis involves glucose based fermentation as the fundamental production process. Thereby, the prices are greatly dependent on the fluctuations in the feedstock glucose prices. During the first quarter of 2024, glutamic acid prices witnessed a slight downturn as the domestic demand declined relatively. Sufficient inventory stocks were primarily responsible for this behavior of prices of glutamic acid in the Asian regional markets. The international trade was faced with various challenges at different levels, and the domestic trade alone was not able to sufficiently support the price trajectory.
Glutamic Acid Price Chart
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The demands were even more humble in the European markets compared to the Asian markets. The surge in the logistic and processing costs did provide some positive cost support, however, the easy availability and depreciation in the feedstock prices nullified their impact on the upstream costs. Given these fluctuations in the market drivers, the glutamic acid prices followed such a confined trajectory. Majorly because the prices were mostly tugged between these driving factors. Overall, an average market performance was witnessed.
Analyst Insight
According to Procurement Resource, the macroeconomic indicators suggest that the prices will continue to oscillate in the coming months. The market drivers for Glutamic Acid do not suggest any notable changes going forward.
Procurement Resource provides latest prices of Glutamic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Glutamic acid is a non-essential amino acid that plays a crucial role in protein synthesis and neurotransmission. It is widely used as a flavor enhancer in the form of monosodium glutamate (MSG), providing an umami taste to foods. Besides its culinary uses, glutamic acid is utilized in pharmaceuticals, animal feed, and cosmetics. It also serves as a building block in the production of biodegradable plastics and fertilizers. Its versatility makes it valuable in various industrial and health-related applications.
Report Features | Details |
Product Name | Glutamic Acid |
Chemical Formula | C5H9NO4 |
Industrial Uses | Flavor enhancer (as monosodium glutamate, MSG), Nutritional supplement, Animal feed additive, Fertilizer component, Biodegradable plastic production, Pharmaceutical ingredient, Cosmetic and personal care products |
Molecular Weight | 147.13 g/mol |
CAS number | 56-86-0 |
HS Code | 292242 |
Supplier Database | Ajinomoto Co. Inc., Akzo Nobel N.V., Evonik Industries AG, Sichuan Tongsheng Amino acid Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Suzhou Yuanfang Chemical Co. Ltd., Global Bio-chem Technology Group Company Limited, Ningxia Yipin Biological Technology Co. Ltd. |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The glutamic acid, or L-glutamic acid, is produced by the fermentation of glucose. Glucose is an excellent carbon source, which is used for the production of glutamic acid. The production begins with fermenting glucose in the presence of a bacteria, i.e., Coryneform that leads to the generation of L- glutamic acid or glutamic acid as the final product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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