Malic Acid Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027
Malic Acid Market To Reach USD 287.5 Million By 2027
The growing utilization of malic acid
in the food and beverage industry to enhance the flavor of food is driving the
market.
Market
Size – USD 192.9 Million in 2019, Market Growth - CAGR of 5.1%, Market Trends
– Shift in trend in the food sector.
The
Global Malic Acid Market is forecast to be valued at USD
287.5 Million in 2027 from USD 192.9 Million in 2019, registering a CAGR of
5.1% during the estimated period. The rising popularity of several types of
energy drinks among fitness conscious and athletes has spurred the industry’s
growth. The growing acid application in several end-use industries has
encouraged the market’s growth, especially from the industry of food and
beverages. Malic acid’s supplement, in combination with magnesium, can aid in
boosting energy levels.
The
increasing awareness about obesity and various other health conditions have led
to the major population’s shift towards a healthier lifestyle, and the growing
consumer’s preferences in natural and healthy food and beverages are the
crucial factors augmenting the sector’s growth. Malic acid is found as a major ingredient
in the maximum fruit-flavored powders and liquids used in the food industry. It
also plays a crucial role in maintaining and regulating animal health and
weight by controlling the digestive system’s microbial population, making it
preferable in animal feed.
Strict
regulations by governments about the acid impact on the environment and the
rising concerns in reducing carbon footprint are limiting the market’s growth.
Nonetheless, the increasing research and development for producing bio-based
malic acid are restoring the demand in the sector.
The COVID-19
has negatively impacted the industry. The consumer demand for several
well-being products owing to the social distancing and lockdown, has negatively
impacted the demand for certain food products and cosmetics. The pandemic has
crippled various industries.
To
identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/malic-acid-market
Further
key findings from the report suggest
· Malic acid is widely used as a
buffering agent, an acidulant, an antioxidant agent, and a chelating agent. In
the industry of pharmaceutical, it is widely used as a common acidulant. The
acid exhibits a slight apple flavor, used in various medicines in the form of a
flavoring agent for masking bitter tastes and providing tartness.
· Malic acid aids in promoting animal
growth and also used as feed for distinct ruminants, including sheep and cattle,
and it is highly utilized as an efficient milk-promoting agent, especially for
female animals.
· Biofuel-related coproducts are used
for supporting the production of microbial malic acid. However, the produced malic acid’s level is
dependent on the basis of the coproduct and the microbe’s ability of tolerating
or utilizing it. A coproduct is used for supporting the production of acid in
thin stillage, which is produced at the time of corn dry milling for producing
ethanol.
· Leading participants in the sector
include Changmao Biochemical Engineering Company Limited, Prinova LLC, Bartek
Ingredients, Thirumalai Chemicals, Polynt S.P.A, Fuso Chemicals, Wego Chemical
& Mineral Corp., U.S. Chemicals LLC, The Chemical Company, and Lonza.
· The board of Thirumalai Chemicals
signed a proposal for setting up a subsidiary in the country of United States
for establishing and operating a manufacturing facility of food ingredients,
such as fumaric acid and malic acid, in July 2019.
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For the
purpose of this report, Reports and Data has segmented the Global Malic Acid
Market on the basis of production method, type, application, and region:
Production
Method Outlook (Revenue, USD Million; 2017-2027)
· From Sugar
· Biofuel-Related Coproducts
· Lignocellulosic Biomass-Based
Production
· poly(β-L-malic acid) (PMA) Production
Type
Outlook (Revenue, USD Million; 2017-2027)
· D-malic acid
· L-malic acid
· DL-malic acid
Application
Outlook (Revenue, USD Million; 2017-2027)
· Food and Beverage
· Personal Care
· Pharmaceutical
· Construction
· Electroplating
· Others
Regional
Outlook (Revenue, USD Million; 2017-2027)
· North America
o
U.S.
· Europe
o
U.K.
o
France
· Asia Pacific
o
China
o
India
o
Japan
· Latin America
o
Brazil
· Middle East & Africa
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