Consumer Staples, Healthcare Nov 27, 2021 09:18 AM (GMT+8) · EqualOcean
Recently, there have been frequent news of price increases in the food and beverage industry. Among them, condiment raceway MSG prices are also quietly higher. According to the data released by Zhuo Chuang information recently, raw materials boosted the price of monosodium glutamate to a ten-year high in the second half of 2021. Chen Yingying, an analyst at Zhuo Chuang information, believes that in terms of market demand, the dominant consumption of monosodium glutamate industry is declining, and in terms of invisible consumption, the innovation in the field of flavor ingredients is very active. With the rise of young consumer groups, compound seasoning has become a hot consumer in the market. It is expected that the demand for monosodium glutamate will continue to increase in the next five years, with an average annual growth rate of 1.4%.

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