Malic acid, it is adicarboxylic acid which is used an active ingredient in many food products. Malic acid exhibits the properties such as controlling the microorganisms’ growth, adjusting pH, and also flavour enhancement which makes it highly preferable for usage in the food and beverage industry. It also imparts a very pleasant flavor when added in food and beverages. Therefore, it is significantly used in the food and beverage industry where it is used in various products such as bakery products, fruit juices, sports drinks, carbonated beverages, desserts and frozen specialities. Furthermore, rising demand of the fruit flavored drinks and protein drinks is substantially growing the malic acid market. However, the global market for malic acid is projected to expandat a moderate growth rate during the forecast period.
Malic acid usage as a preservative is witnessing growth owing to the increasing popularity of convenience food products such as processed foods and ready to drink beverages, consequently driving the marketdemand. During the forecast period regions such as Asia, Middle East, Latin America and Eastern Europe is projected to witness highest growth rate, owing to improving standard of living, shift in trend towards western styled food, low penetrations of diet and nutritional food. Furthermore, approval of malic acid from different regulatory agency for food processing is projected to augment the overall market growth over the coming years.
The report titled “Global Malic acids Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2023” offers strategic insights into the global malic acid industry along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on application types and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading malic acid manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis and key developments. The major players profiled in the report areBartek Ingredients, Changmao Biochemical, FUSO, Isegen South Africa, Miles Chemical, Qiaoyou Chemical, Prinova LLC, Wego Chemicals & Minerals corp, PolyntS.p.A and YongsanChemicals. Further, the report also covers market positioning of the key players operating in the malic acids market. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global malic acid market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.
In 2014, beverages (both powders and liquids, mainly fruit-flavored beverages) accounted for 50% of the global consumption of malic acid. Increasing application scope in beverages mainly in low-calorie drinks, cider and apple flavored drinks coupled with growing demand for these beverages among young population worldwide is projected to fuel demand in this segment during the forecast period. In the same year, confectionery segment accounted for more than 20% of the global consumption of malic acid and is projected to be the fastest growing segment during the forecast period. This segment is witnessing growth owing to growing use of malic acid in confectionery products such as jellies, gum, and candy among others.
Food is another significant application for malic acid and is projected to grow at a CAGR of 6.4% in terms of revenue from 2015 to 2023.Increasing scope of malic acid in new applications such as in detergents where it can replace citric acid and in animal feed where it acts as an antimicrobial agent and provides taste among others, are also projected to increase demand for malic acid over the coming six years.
Asia Pacific and North America together accounted for more than 70% share of the market pie in 2014 in terms of both, revenue and volume. In 2014, Asia Pacific dominated the malic acid market and is projected to maintain its dominance during the forecast period. Asia Pacific is also projected to witness highest growth over the forecast period owing to expanding food and beverages industries, increasing disposable income, rising popularity of processed food and ready to drink beverages in the region. India, China, Japan, Singapore and Malaysia are the chief contributors towards the market growth.
RoW region is another major market for malic acid. As more families in RoW regions such as Brazil, South Africa, Middle East and Turkey among others are entering the middle class coupled with rise in purchasing power and increase in number of people working full time. Thus, ready to eat food and beverages products are becoming increasingly common in the diet of people in RoW regions. North America and Europe were another significant market for malic acid. Rise in demand for healthy beverages such as fruit & vegetable flavoured juices and acidulants in functional foods have been the major factor driving the market growth. However, stringent regulatory scenario especially in Europe is projected to stagnant market demand for malic acid in these region during the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Malic Acid market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
