Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Monosodium Glutamate (MSG) market in this environment.
In terms of revenue, this research report indicated that the global Monosodium Glutamate (MSG) market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Monosodium Glutamate (MSG) industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The Fufeng Group aims at producing XX Monosodium Glutamate (MSG) in 2020, with XX % production to take place in global market, Meihua Biological accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Monosodium Glutamate (MSG) Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Monosodium Glutamate (MSG) Market?
Fufeng Group
Meihua Biological
Ningxia EPPEN
Henan Lotus
Shandong Qilu
Shandong Xinle
Fujian Wuyi MSG
Ajinomoto Group
Great American Spice
McCormick
...
Major Type of Monosodium Glutamate (MSG) Covered in XYZResearch report:
99% MSG
80% MSG
Others
Application Segments Covered in XYZResearch Market
Food Manufacturing
Catering
Family
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Monosodium Glutamate (MSG) Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 99% MSG -Product Introduction and Major Manufacturers
1.1.2 80% MSG -Product Introduction and Major Manufacturers
1.1.3 Others -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Monosodium Glutamate (MSG) Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Monosodium Glutamate (MSG) Market
3.1.1 Top Companies leading Monosodium Glutamate (MSG) Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Monosodium Glutamate (MSG) Market
3.2.1 Top Companies leading Monosodium Glutamate (MSG) Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Monosodium Glutamate (MSG) Market
3.3.1 Top Companies leading Monosodium Glutamate (MSG) Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Monosodium Glutamate (MSG) Market
3.4.1 Top Companies leading Monosodium Glutamate (MSG) Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Monosodium Glutamate (MSG) Market
3.5.1 Top Companies leading Monosodium Glutamate (MSG) Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Monosodium Glutamate (MSG) Market
3.6.1 Top Companies leading Monosodium Glutamate (MSG) Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Monosodium Glutamate (MSG) Market
3.7.1 Top Companies leading Monosodium Glutamate (MSG) Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Monosodium Glutamate (MSG) Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Monosodium Glutamate (MSG) Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Monosodium Glutamate (MSG) Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Monosodium Glutamate (MSG) Sales and Growth Rate (2021-2026)
5.2 Global Monosodium Glutamate (MSG) Sales Value and Growth Rate (2021-2026)
6 Monosodium Glutamate (MSG) Competitive Analysis
6.1 Fufeng Group
6.1.1 Fufeng Group Company Profiles
6.1.2 Fufeng Group Product Introduction
6.1.3 Fufeng Group Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Meihua Biological
6.2.1 Meihua Biological Company Profiles
6.2.2 Meihua Biological Product Introduction
6.2.3 Meihua Biological Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 Ningxia EPPEN
6.3.1 Ningxia EPPEN Company Profiles
6.3.2 Ningxia EPPEN Product Introduction
6.3.3 Ningxia EPPEN Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 Henan Lotus
6.4.1 Henan Lotus Company Profiles
6.4.2 Henan Lotus Product Introduction
6.4.3 Henan Lotus Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Shandong Qilu
6.5.1 Shandong Qilu Company Profiles
6.5.2 Shandong Qilu Product Introduction
6.5.3 Shandong Qilu Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 Shandong Xinle
6.6.1 Shandong Xinle Company Profiles
6.6.2 Shandong Xinle Product Introduction
6.6.3 Shandong Xinle Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Fujian Wuyi MSG
6.7.1 Fujian Wuyi MSG Company Profiles
6.7.2 Fujian Wuyi MSG Product Introduction
6.7.3 Fujian Wuyi MSG Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 Ajinomoto Group
6.8.1 Ajinomoto Group Company Profiles
6.8.2 Ajinomoto Group Product Introduction
6.8.3 Ajinomoto Group Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
6.9 Great American Spice
6.9.1 Great American Spice Company Profiles
6.9.2 Great American Spice Product Introduction
6.9.3 Great American Spice Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.9.4 SWOT Analysis
6.10 McCormick
6.10.1 McCormick Company Profiles
6.10.2 McCormick Product Introduction
6.10.3 McCormick Monosodium Glutamate (MSG) Production, Revenue (2015-2020)
6.10.4 SWOT Analysis
7 Conclusion
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