The global malic acid market reached a volume of 81.2 Kilotons in 2018. Malic acid is a dicarboxylic acid made by all living organisms and has the molecular formula C4H6O5. It contributes to the sour and tart taste of foods and is found in nearly all fruits including apples, apricots, blackberries, grapes, peaches, plums, pears, strawberries and mangoes. The consumption of malic acid helps in detoxification, energy production, treating chronic fatigue syndrome (CFS) and improving overall muscle performance. It is extensively used in the food processing industry as it assists in increasing the shelf life of packaged food and bakery items. It also facilitates the preparation of bakery products, desserts, fruit juices, frozen specialties and sports drinks. Apart from this, malic acid finds applications in the detergent, health, and cosmetics and personal care industries.
Global Malic Acid Market Drivers:
In recent years, the growing use of malic acid for manufacturing sugarless confectioneries has escalated its demand among obese and diabetic people. Moreover, regulatory authorities such as the US Food and Drug Administration (USFDA), European Food Safety Authority (EFSA) and Food Safety and Standards Authority of India (FSSAI) have approved the use of malic acid in food processing, thereby catalyzing its sales. Malic acid is also utilized as a substitute for citric acid and tartaric acid in the detergent industry, owing to its lower hygroscopicity and higher solubility. Apart from this, it is used as an ingredient in many cosmetic and personal care products as it has antioxidant properties which make the skin healthy and shiny. In the pharmaceutical industry, malic acid is used in the production of medical products including cough syrups, throat lozenges, toothpaste, mouthwash and health supplements such as protein shakes and nutrition bars. Looking forward, we expect the market to reach a volume of 102.8 Kilotons by 2024, exhibiting a CAGR of around 4% during 2019-2024.
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