Malic Acid Market To Report Impressive Growth, Revenue To Surge To US$ 220 Million By 2021

06-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global malic acid market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Novozymes, FUSO Chemical Co. Ltd, Bartek Ingredients Inc., Thirumalai Chemicals Ltd, and U.S. Chemicals LLC are some of the key vendors of malic acid across the world. These players across malic acid market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the malic acid market study.

In September 2017, researchers presented a technical paper to exhibit the efficiency of encapsulated malic Acid when used for maintaining the pH balance in cakes. The paper also revealed the favorable effects of the Lactic acid on the volume of the baked item and proved through the clinical results that when the product is used in combination with potassium sorbate, it succored the extended shelf life of the cake. Experts predict that the move is likely to aid the growth of malic acid market over the coming years.

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This review is based on a report by Zion Market Research, titled "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 http://www.zionmarketresearch.com/report/malic-acid-market

As estimated in this report, the global malic Acid market is projected to witness a tremendous rise during the period from 2015 to 2021; the revenue in this market is expected to reach US$ 220 million by the end of forecast timeline. The main types available in malic acid market are L-malic acid, DL-malic acid, and D-malic acid. Among the three, the demand for L-malic acid is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

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Enormous Product Use In Food & Beverages Sector To Impel Market Growth

“Immense need to halt the growth of micro-organisms and wide product applications across food & personal care sector is forecast to augment the growth of malic acid market in the years ahead,” says the author of this study. Apart from this, the receiving of the approvals from regulatory authorities including EFSA, FDA, and FSSAI are anticipated to boost the product demand over the years ahead. Furthermore, persistent requirement for determining and maintaining pH level in the product will further succor the progress of malic acid market in the years to come.

Volatility in the raw material costs and rampant use of citric acid as a substitute product for malic acid, however, is likely to pose a challenge for worldwide malic acid market in the near future. Nevertheless, the mammoth use of malic acid in medical as well as food & beverages sectors will add to the growing popularity of the product among the consumers, thereby normalizing the impact of hindrances on the malic acid market, reports the study.

Huge Presence Of Food & Beverages Firms To Support APAC Market Domination

Geographically, Asia Pacific has been leading the worldwide malic acid market and is anticipated to continue on the dominant position in the years to come, states the market study. For the record, the region contributed more than 40% towards overall malic acid market share in 2015. The high presence of food & beverages industry in countries such as India, China, and Malaysia is the main factor behind the dominance of the Asia Pacific malic acid market. The large number of market players being headquartered in Asia Pacific and rapidly exploding population base is yet another significant factor that is supporting the growth of malic acid market in the region.

The global malic acid market is segmented as follows:

By Type

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

By Application

  • Food
  • Beverages
  • Confectionaries
  • Personal Care
  • Pharmaceutical
  • Others

By Region

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

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