Global Malic Acid Market, By Type (D-Malic Acid, L-Malic Acid, DL-Malic Acid), Size (Fine, Dust, Granular, Special fine), End-Use (Beverages, Confectionery & Food, Personal Care & Cosmetics, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Malic Acid Market
The malic acid market is expected to witness market growth at a rate of 4.83% in the forecast period of 2021 to 2028. Data Bridge Market Research report on malic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the product for various applications globally is escalating the growth of malic acid market.
Malic acid refers to organic compound whose molecular formula is C4H6O5 and is a dicarboxylic acid produced by all living organisms. The abovementioned features contributes to the sour taste of fruits and used as a food ingredient. The product could also be used for treating various diseases and used as a substitute of citric acid.
The increase in the adoption of convenience food and beverage products across the globe acts as one of the major factors driving the growth of malic acid market. The high usage of the product as a food additive to enhance flavour and providing a longer shelf life to the products with its antimicrobial properties and pH controlling ability accelerate the market growth. The rise in demand for nutritional bars and protein drinks coupled with increasing preference for healthier functional beverages with high nutrient flavours further influence the market. Additionally, urbanization, change in consumer lifestyle, growing population positively, rise in the disposable income and high prevalence of diabetes positively affect the malic acid market. Furthermore, research and development for enhancement of the product extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high investment costs for setting up a plant is expected to obstruct the market growth. Fluctuations in the raw material costs are projected to challenge the malic acid market in the forecast period of 2021 to 2028.
This malic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on malic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Malic Acid Market Scope and Market Size
The malic acid market is segmented on the basis of type, size and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the malic acid market is segmented into D-Malic Acid, L-Malic Acid, and DL-Malic Acid.
- On the basis of size, the malic acid market is segmented into fine, dust, granular and special fine.
- On the basis of end-use, the malic acid market is segmented into beverages, confectionery & food, personal care & cosmetics and others.
Malic Acid Market Country Level Analysis
The malic acid market is analysed and market size, volume information is provided by country, type, size and end-use as referenced above.
The countries covered in the malic acid market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the malic acid market because of the increasing number of consumers focus on specialty personal care and cosmetic end uses within the region. Europe is expected to witness fastest growth during the forecast period of 2021 to 2028 due to the rise in demand from the food and beverage end-use sector in the region.
The country section of the malic acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Malic Acid Market Share Analysis
The malic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to malic acid market.
The major players covered in the malic acid market report are Bartek Ingredients Inc., The Chemical Company, Polynt, Novozymes, Thirumalai Chemicals Ltd, Changmao Biochem, FINORIC LLC, Prinova Group LLC, YONGSAN CHEMICAL., FUSO CHEMICAL CO., LTD., and Tate & Lyle, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-