Global Malic Acid Market is Growing at a CAGR of 5.1% in 2026


Posted October 28, 2019 by ganesha

Global malic acid market is expected to register a substantial CAGR of 5.1% in the forecast period of 2019-2026.

 
Global Malic Acid Market By Type (D-Malic Acid, L- Malic Acid and DL- Malic Acid), Raw Material (Maleic Anhydride and Fumaric Acid), Form (Fine, Dust, Granular and Special Fine), End-Use (Beverages, Confectionery & Food, Personal Care & Cosmetics, Pharmaceuticals, Paints and Soaps, Construction, Electroplating and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Analysis: Global Malic Acid Market
Global malic acid market is expected to register a substantial CAGR of 5.1% in the forecast period of 2019-2026. The high growth of this market is due to the growing demand of malic acid in pharmaceutical industries. The report contains data of the base year 2018 and historic year 2017.

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Competitive Analysis:
Global malic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of malic acid market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Malic Acid Market
Malic acid is an organic compound whose molecular formula is C4H6O5. It is a dicarboxylic acid produced by all living organisms, which contributes to the sour taste of fruits, and it is also utilized as a food ingredient. Nowadays it is also used to treat most of the diseases. In various industries it is used as a substitute of citric acid. The other applications of malic acid include cosmetics industries, health, pharmaceutical industries, personal care among others.

Market Drivers:
• Rising demand from the food and beverage industry will boost the market growth
• Protein drinks and nutritional bars surging growth also acts as a market driver
• Support from regulatory bodies is another factor enhancing the market growth
• Prevailing demand for flavored soaps and detergents mainly in the hospitality sector will augment the growth of this market

Market Restraints:
• Stringent government regulations pertaining to its use in the food and beverages is expected to restrain the market growth
• Side effects of excessive malic acid consumption mainly health issues will also hamper the growth of the market

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Segmentation: Global Malic Acid Market
By Type
• D-Malic Acid
• L- Malic Acid
• DL- Malic Acid
By Raw Material
• Maleic Anhydride
• Fumaric Acid
By Form
• Fine
• Dust
• Granular
• Special Fine
By End-Use
• Beverages
• Confectionery & Food
• Personal Care & Cosmetics
• Pharmaceuticals
• Paints and Soaps
• Construction
• Electroplating
• Others

Key Developments in the Market:
In February 2019, Bartek Ingredients Inc. the world’s largest producer of malic acid has expanded its malic acid production capacity by 4,000 ton/year. The main aim for this expansion is to expand their product portfolio by launching new malic acid products in the market in order to meet the market demand

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Last Updated October 28, 2019