Latest Glutamic Acid Price Chart, Demand & Historical Data

APAC Glutamic Acid Prices Movement Q2:

Glutamic Acid Prices in China:

In Q2 2024, glutamic acid prices in China reached 2,460 USD/MT in June, as depicted in the Glutamic Acid Prices Chart, marking a steep decline influenced by oversupply and weakened demand. Efforts to boost exports were undermined by currency depreciation, which reduced the global competitiveness of Chinese glutamic acid and resulted in excess stock levels. Seasonal lulls and production shutdowns further intensified the downward pressure on prices, with inventories exceeding market demand despite improved trade conditions.

According to the Glutamic Acid Price Forecast, recovery in prices will depend on mitigating oversupply, stabilizing export strategies, and aligning production levels with market needs. These factors underscore the importance of strategic adjustments in production and export to stabilize prices, as reflected in the Global Glutamic Acid Price Chart and Glutamic Acid Price History Chart, where similar challenges have shaped market dynamics in previous periods.

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Note: The analysis can be tailored to align with the customer's specific needs.

Regional Analysis:  The price analysis can be extended to provide detailed glutamic acid price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Factors Affecting Glutamic Acid Demand and Prices?

The demand and prices of glutamic acid are influenced by several key factors across global markets. Its widespread use in the food industry as a flavor enhancer, particularly in the form of monosodium glutamate (MSG), drives consistent demand. Additionally, the rising popularity of plant-based and protein-rich diets boosts its utilization in dietary supplements and animal feed. Raw material availability, such as sugar and molasses used in its fermentation process, significantly impacts production costs and pricing. Market trends in pharmaceuticals and cosmetics, where glutamic acid is a key ingredient, further shape its demand. Regional supply chain dynamics and advancements in sustainable production methods also play a crucial role in influencing glutamic acid demand and price trends globally.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
  • Spot Prices by Major Ports
  • Price Breakup
  • Price Trends by Region
  • Factors Influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How the IMARC Pricing Database Can Help

The latest IMARC Group study, “Glutamic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Glutamic Acid price trend, offering key insights into global Glutamic Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Glutamic Acid demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

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