Malic Acid Market - Global Industry Analysis

Malic Acid Market (L-Malic Acid, D-Malic Acid And DL-Malic Acid) For Food & Beverages, Chemical Industry, Cosmetics Industry And Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028

Published Date: 20-Jul-2021 Category: Chemical & Materials Report Format : PDF Pages: 115 Report Code: ZMR-146 Status : Published

The global Malic Acid market accounted for USD 213.1 Million in 2020 and is expected to reach USD 315.1 Million by 2028, growing at a CAGR of around 4.9% between 2021 and 2028.

Description

Market Overview                     

The global Malic Acid market accounted for USD 213.1 Million in 2020 and is expected to reach USD 315.1 Million by 2028, growing at a CAGR of around 4.9% between 2021 and 2028.           

The immense need to halt the expansion of micro-organisms and wide product applications across the food & care sector is forecast to reinforce the expansion of the malic acid market within the years ahead. Aside from this, the receiving of the approvals from regulatory authorities including EFSA, FDA, and FSSAI is anticipated to spice up the merchandise demand over the years ahead. Furthermore, the persistent requirement for determining and maintaining pH levels within the product will further succor the progress of the malic acid market within the years to return. Volatility within the staple costs and rampant use of acid as a substitute product for malic acid, however, is probably going to pose a challenge for the worldwide malic acid market within the near future. Nevertheless, the mammoth use of malic acid in medical also as food & beverages sectors will increase the growing popularity of the merchandise among the consumers, thereby normalizing the impact of hindrances on the malic acid market, reports the study.

COVID-19 Impact Analysis:

The global Malic acid market has witnessed a decrease in the sales for overall Malic acid products due to the lockdown enforcement placed by governments to contain COVID spreading. People had no option but to remain indoors, so the consumption of products had decreased drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. Recovery is predicted within the last half of the year, provided there's no emergence of another wave of the epidemic, and countries manage to regulate the spread quickly and resume normalcy.

Growth Factors

Rising demand from the food and beverage industry to enhance flavor through specialty ingredients is estimated to drive industrial growth over the forecast period. Players across the 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 which will further boost the growth in the market.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

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.

Based on application, the food & beverages segment comprises both non-carbonated and carbonated beverages, including flavored drinks and alcoholic ciders. The segment accounted for the most important market share and is estimated to exhibit a CAGR of 4% in terms of revenue over the projected period. The segment also dominated the worldwide demand due to the increase in consumption of liquid and powdered beverages, alongside surging demand for artificial flavorants in carbonated drinks.

Regional Analysis Preview  

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. For the record, the region contributed more than 40% towards overall malic acid market share in 2018. 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.

Key Market Players & Competitive Landscape

Some of the major companies comprised in the global Malic Acid market are 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

The global Malic Acid market is segmented as follows:

By Type

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

By Applications     

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Malic Acid market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Malic Acid market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. L-Malic Acid
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. D-Malic Acid
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. DL-Malic Acid
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Malic Acid market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Food & Beverages
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Cosmetics Industry
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Chemical Industry
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Others
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Malic Acid market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Malic Acid market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Malic Acid market: Company Market Share, 2019
      • 8.1.2. Global Malic Acid market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Malic Acid market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Malic Acid market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Novozymes
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. FUSO Chemical Co. Ltd
    • 9.3. Bartek Ingredients Inc.
    • 9.4. Thirumalai Chemicals Ltd
    • 9.5. U.S. Chemicals LLC
    • 9.6. Company 7
    • 9.7. Others
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Malic Acid market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028 
FIG NO. 7. Global Malic Acid market for L-Malic Acid, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Malic Acid market for L-Malic Acid, By Country, 2020 & 2028
FIG NO. 9. Global Malic Acid market for D-Malic Acid, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Malic Acid market for D-Malic Acid, By Country, 2020 & 2028
FIG NO. 11. Global Malic Acid market for DL-Malic Acid, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Malic Acid market for DL-Malic Acid, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 14. Global Malic Acid market for Food & Beverages, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Malic Acid market for Food & Beverages, By Country, 2020 & 2028 
FIG NO. 16. Global Malic Acid market for Cosmetics Industry, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Malic Acid market for Cosmetics Industry, By Country, 2020 & 2028
FIG NO. 18. Global Malic Acid market for Chemical Industry, Revenue (USD Million) 2016 – 2028 
FIG NO. 19. Comparative Revenue Analysis of Malic Acid market for Chemical Industry, By Country, 2020 & 2028
FIG NO. 20. Global Malic Acid market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Malic Acid market for Others, By Country, 2020 & 2028
FIG NO. 22. Global Malic Acid market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Malic Acid market Revenue, 2016 - 2028 (USD Million)
FIG NO. 24. Porter’s Five Forces Analysis for Global Malic Acid market
FIG NO. 25. PEST Analysis for Global Malic Acid market
FIG NO. 26. Pricing Analysis for Global Malic Acid market
FIG NO. 27. Value Chain Analysis for Global Malic Acid market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Alcatel-Lucent Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Alcatel-Lucent Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels 
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Malic Acid market: Snapshot
TABLE NO. 2. Quarterly Malic Acid market Revenue by Region, 2020
TABLE NO. 3. Quarterly Malic Acid market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million) 
TABLE NO. 6. Global Malic Acid market for L-Malic Acid, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Malic Acid market for D-Malic Acid, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Malic Acid market for DL-Malic Acid, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9: Global Malic Acid market for Food & Beverages, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10: Global Malic Acid market for Cosmetics Industry, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Malic Acid market for Chemical Industry, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Malic Acid market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Malic Acid market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 14: North America Malic Acid market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Malic Acid market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 16: North America Malic Acid market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 17. U.S. Malic Acid market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Malic Acid market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 19. Canada Malic Acid market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Malic Acid market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 21. Mexico Malic Acid market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Malic Acid market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. Drivers for the Malic Acid market: Impact Analysis
TABLE NO. 24. Restraints for the Malic Acid market: Impact Analysis
TABLE NO. 25. Major Buyers of Malic Acid  
TABLE NO. 26. Distributors/Traders List of Malic Acid
TABLE NO. 27. Global Malic Acid market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 28: Global Malic Acid market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)    
 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Malic Acid market. Zion Research has collected and analyzed key data belong to the global Malic Acid market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Malic Acid across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Malic Acid industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Malic Acid market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The global malic acid market is expected to grow at a significant rate owing to the large demand from food & beverage industry. Malic acid is a tart-tasting carboxylic acid that plays a role in many sour or tart foods. Although it is found as a naturally occurring organic compound in various fruits, many choose to take malic acid supplements to increase their overall health, as well as treat various diseases. The rapidly growing food industry is expected to be the major driver for the global malic acid market owing to its applications in various food and beverages. Malic acid is the source of extreme tartness in certain foods and is also often used in place of citric acid. Classification of malic acid under GRAS by the FDA has driven various innovations and R&D investments in this sector. However, the widespread use of citric acid poses a substitution threat for the global malic acid market. In the coming years, the positive outlook on the food and beverage sector coupled with the population growth is expected to provide various opportunities for the players in the global malic acid market.

On the basis of types, the global malic acid market is segmented into L-malic acid, D-malic acid, and DL-malic acid. The demand for L-malic acid remained the highest in 2016 and it is expected to maintain its dominance over the forecast period. This can be attributed to its extensive range of applications as an antioxidant, color fixative, excipient as well as in cosmetics. However, DL-malic acid is expected to register the fastest growth rate within the forecast period.

Malic-Acid-Market12.png

Food & beverages, pharmaceuticals, chemical industry and others (cosmetics, agriculture/animal feed etc.) are the applications of malic acid. Demand for food and beverages remained the highest in 2016, accounting for a little over 65% of the global malic acid market. It is also expected to witness significant growth owing to the rising demand for food additives such as acidity regulators, preservatives etc. coupled with the growing population.

Geographically, Asia-Pacific was the largest market for malic acid in 2016 and is expected to maintain this trend within the forecast period. Asia Pacific malic acid market is also expected to register the fastest growth rate over the forecast period owing to the rising demand from the food and beverages industry in the region coupled with the population explosion. North America was the second largest region in the global malic acid market and is expected to witness moderate growth within the forecast period.

Fuso Chemicals, Bartek, Isegen, Polynt, Thirumalai Chemicals, Yongson Chemicals, MC Food Specialties Inc., Tate & Lyle, Changmao Biochemical Engineering, Sealong Biotechnology and Jinhu Lile Biotechnology Industry Co., Ltd are some of the key players operating in the global malic acid market.

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FrequentlyAsked Questions

The global Malic Acid market was valued at USD 213.1 Million in 2020.

The global Malic Acid market is expected to reach USD 315 Million by 2028, growing at a CAGR of 4.9% between 2021 to 2028.

Rising demand from the food and beverage industry to enhance flavor through specialty ingredients is estimated to drive industrial growth over the forecast period.

Asia Pacific was the leading region for the Malic Acid market in 2018 and it added up to more than 42% share of the global Malic Acid market.

Major players of global Malic Acid market comprise 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.

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