The Global Malic Acid Market was stated to have a market value close to USD 178.9 MN in 2018 as per the report published recently by Value Market Research. The report foresees the global malic acid market to touch USD 256 MN by 2025 with a CAGR of 5.3% within the forecasted period from 2019 to 2025. The soaring demand for malic acid from the food & beverage industry, rising disposable income, changes in the lifestyle of consumers and an increase in the number of the population of working women has spurred the market demand for the malic acid market globally. The increasing popularity of the product that could potentially substitute antibiotics in animal feed and the demand from skincare products is further responsible for the growth of the global malic acid market. However, the presence of substitute products like citric acid is likely to hamper the growth of the malic acid market globally.
Malic acid is a white crystalline four carbon unsaturated dicarboxylic acid that is found naturally in various fruits. It is odorless, non-flammable and toxic. The chemical formula of malic acid is C4H6O5. It is also known as propane dioic acid. Chemically, it is produced from maleic anhydride. The consumption of malic acid supplements assists in improving health and treating various diseases. Malates are the esters and salts of malic acid. The product is commonly used as a food additive to enhance flavors such as sourness or tartness. It is also utilized as a preservative in packaged food to increase shelf life due to its antimicrobial properties and pH maintaining ability.
The report “Global Malic Acid Market Report By Product (L-Malic Acid, D-Malic Acid, And DL-Malic Acid), Application (Food & Beverage, Pharmaceuticals, Chemical, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025” covers the market analysis with segmentation by product, application and region along with a detailed description of the market dynamics and the key players of the global malic acid market.
By product, L-Malic acid, D-Malic and DL-Malic acid are the segments of the global malic acid market where L-Malic acid has dominated the product segment owing to increased usage in food and beverages, nutritional supplements and personal care products.
By application, food & beverage, pharmaceuticals and chemicals are the classifications provided in the report for the global malic acid market. Food & beverage has reportedly led this segment owing to the strong demand from non-carbonated drinks, wine, confectionaries, chewing gums and bakery products to impart natural fruit flavor. The increase in uptake of protein bars, nutritional shakes and other such supplements has further boosted the growth of food & beverages in the application segment.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the geographical segments of the global malic acid market. The rise of the in capita income, growing population, urbanization and the change in eating habits has resulted in Asia Pacific emerging as the leading segment geography-wise.
The Report Segments Global Malic Acid Market –
Food & Beverage
Middle East & Africa
Players Profiled In the Report:
Bartek, Changmao Biochmical Engineering, Fuso Chemicals, Isegen, Jinhu Lile Biotechnology, MC Food Specialties, Polynt, Sealong Biotechnology, Tate & Lyle, Thirumalai Chemicals, Yongson Chemicals, and others
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