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The global malic acid market was valued at US$ 211.7 Million in 2022.
We expect the global malic acid market to exhibit a CAGR of 5.1% during 2023-2028.
The growing adoption of malic acid across the food processing industry for increasing the shelf life of the packaged food and bakery items is primarily driving the global malic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for malic acid.
Based on the application, the global malic acid market can be bifurcated into beverages, confectionery and food, personal care, and others. Currently, beverages exhibit a clear dominance in the market.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global malic acid market include Changmao Biochem, Bartek, Thirumalai Chemicals, Fuso Chemical Co., Ltd, Polynt, Yongsan Chemicals, Anhui Sealong Biotechnology, The Chemical Company, Miles Chemical, Isegen South Africa, Spectrum Chemical, Mitsubishi Chemical, Corbion, Mubychem Group, and Tate & Lyle.
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