Global Malic Acid Market Set To Propel Swiftly, Attaining USD 220.0 Million In Revenue By 2021

30-Dec-2019 | Zion Market Research

As per the ZMR experts, the global production of malic acid in 2015 was around 72.12-kilotons and the production would reach around 96.83-kilotons acid by 2021. During this forecast period between 2016 and 2021, the anticipated CAGR would be 4.3%. Furthermore, the report elucidates that the global malic acid market is likely to generate revenue of around USD 220.0 Million by 2021.

Malic acid, also known as malates, is an organic compound present in a crystalline form. Malic acid is secreted in all living organisms, particularly in unripe fruits. It is sour and is commonly used as a food additive. The organic acid monitors and maintains the pH level inside the body, and eventually prevents the microbial growth. It is extensively used in food as well as in the personal care industry.

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Browse the full "Malic Acid Market (L-Malic, D-Malic, and DL-Malic) for Food, Beverages, Confectionaries, Personal Care, Pharmaceutical and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/malic-acid-market

The demand for convenience food, processed, and confectionaries-prepared foods, is skyrocketing across the world, which is a key driving factor of the global malic acid market. Lenient regulations set by the federal agencies such as Food Safety and Standards Authority of India (FSSAI), the Food and Drug Administration (FDA), and European Food Safety Authority (EFSA) over the manufacturing, supplying, and trading of malic acid is likely to develop the market extensively within the forecast period. However, variability in the cost price of raw material may confine the global malic acid market growth. However, the enhanced utilization of malic acid in personal care and medical sectors possibly opens up new opportunities for malic acid manufacturers during the forecast period.

The global malic acid market is categorized into three types, comprising D-malic acid, L-malic acid, and DL-malic acid. However, L-malic acid contributed to the significant market share in 2015 in terms of production and consumption. Furthermore, DL-malic acid is anticipated to be the most accelerating segment of the global malic acid market within the coming few years. It has a wide array of applications in the food and cosmetic sector with anticipation to assist the significant growth in the global malic acid market by 2021.

Based on the application segment, the global malic acid market is subcategorized into personal care, food, beverages, pharmaceuticals, and confectionaries, among others. Among all, beverages subcategory retained the dominance withstanding 50% share in the global malic acid market in 2015, and would probably sustain the foremost position during the few next years. Confectionaries sub-segment is also a fundamental sector of the market likely to boost rapidly within a short term. This growth is directly proportional to a rise in demand for junk foods and chocolates and junk products at the global level. Besides, malic acid is used to treat several skin diseases and cancer, which is likely to propel the demand for the product in the coming years.

Based on regional analysis, Asia Pacific held the foremost position among all regions by grabbing over 40% share of the global malic acid market in 2015. Moreover, the dominance of the Asia Pacific region is likely to be retained through the well-established food and beverage industries particularly in China, Malaysia, and India. Analysts are expecting a remarkable market growth in the region with a strong CAGR in the upcoming years. Furthermore, the demand for flavored beverages is rising in North America and Europe owing to which significant growth is anticipated in the regions over the years. On the contrary, the malic acid market is likely to boost in Latin America and the Middle East owing to the secondary income source through disposable in Brazil and BRIC nations.

Some of the key malic acid market contenders operating at a global level include Novozymes, FUSO Chemical Co. Ltd, Prinova LLC, Thirumalai Chemicals Ltd, BartekIngredients Inc, U.S. Chemicals LLC, Polynt, and The Chemical Company, amongst others.

Global Malic Acid Market: Type Segment Analysis

  • L-Malic Acid
  • D-Malic Acid
  • DL-Malic Acid

Global Malic Acid Market: Application Segment Analysis

  • Food & Beverages
  • Cosmetics Industry
  • Chemical Industry
  • Others

Global Malic Acid Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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