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- Global Malic Acid Market Impelled by Increasing Demand from Food and Beverage Industry
Global Malic Acid Market to Reach US$ 330.4 Million by 2032, Impelled by Increasing Demand from Food and Beverage Industry
March 18, 2019
| Chemical & Materials
According to the latest report by IMARC Group, titled “Malic Acid Market Report by Product (L-Malic Acid, D-Malic Acid, DL-Malic Acid), Application (Beverages, Confectionery and Food, Personal Care, and Others), and Region 2024-2032”, the global malic acid market reached a value of US$ 222.3 Million in 2023. Malic acid is a dicarboxylic organic compound with the molecular formula C4H6O5. It is a white crystal or crystalline powder which is soluble in water and ethanol. It is synthesized in all living organisms and offers a pleasant, sour taste to fruits like apples, grapes, apricots, blackberries, peaches, pears, strawberries and mangoes. Since this acid effectively absorbs moisture and has antimicrobial properties, it is used to increase the shelf life of packaged food and bakery items. It is also utilized as a preservative, an acidulant for pH control and food additive for flavor enhancement. Apart from food and beverage applications, it is extensively employed across industries like pharmaceutical, soap and detergent as well as cosmetic and personal care.
Global Malic Acid Market Trends:
Malic acid offers numerous health benefits such as easing chronic fatigue syndrome, boosting liver health, aiding weight loss and improving hair quality. Growing awareness about these benefits, along with the increasing health consciousness among consumers, is providing thrust to the growth of the market. In addition to this, the acid is widely employed in the production of protein drinks and sugarless baked goods. The rising prevalence of obesity and diabetes worldwide is influencing the sales of these products. Moreover, favorable regulations by governments of several countries and regulatory authorities are expected to drive the malic acid industry. For instance, EPA regulations regarding the production and consumption of natural ingredients are boosting the sales of products which contain malic acid in Europe. On account of these factors, the global malic acid market is anticipated to reach a value of US$ 330.4 Million by 2032, exhibiting a CAGR of 4.4% during the forecast period (2024-2032).
Market Summary:
- On the basis of products, the market has been categorized into L-malic acid, D-malic acid and DL-malic acid.
- Based on applications, the market has been divided into beverages, confectionery and food, personal care, and others. Amongst these, malic acid is mostly used in beverages since it is a preferred acidulent in the industry.
- On the geographical front, Asia Pacific holds the leading position in the global market. Rising consumption of food across the region, owing to the growing population and inflating income levels, is fueling the demand for malic acid. Other major regions include Middle East and Africa, North America, Latin America, and Europe.
- The competitive landscape of the market has also been analyzed with some of the key players being Changmao Biochem, Bartek, Thirumalai Chemicals, Fuso Chemical Co., Ltd., Polynt, Anhui Sealong Biotechnology, Miles Chemical, Isegen South Africa, Yongsan Chemicals, Spectrum Chemical, The Chemical Company, Mitsubishi Chemical, Corbion, Mubychem Group and Tate & Lyle.
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