Malic Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1573
Global Malic Acid Market Size is likely to register a healthy CAGR from 2017 to 2024 owing to its wide range of uses in several industries such as food, pharmaceutical, and personal care.
The product is mainly used as a food additive to augment flavors such as sourness or tartness. Due to its antimicrobial properties and pH controlling ability, it is used as a preservative in packaged food items to increase their shelf life. Changing lifestyle, increasing disposable income of consumers, working women population, and growing urban population is leading to the adoption of convenience and ready-to-eat food products, which in turn is driving the malic acid market demand.
The product is also gradually replacing antibiotics in animal feed which in turn is driving the malic acid market demand further. Moreover, evolution of new and innovative ingredients in the food and beverages industry is creating new opportunities for preservatives and flavorings.
Being a food additive, the product induces a pleasant taste to food and beverages it is added to. It uniformly helps in the masking any unpleasant after-tastes of vitamins, plant extracts, amino acids, nutraceuticals, or antioxidants in several health drinks. Increasing consumption of protein drinks and nutritional bars has led to a rise in malic acid market demand. Moreover, the demand for functional food and sports nutrition is accelerating at a prominent rate in developed economies such as the U.S., France, Japan and the UK.
Developing personal care product industry, on the account of increasing awareness about personal hygiene and cleanliness, will also have a positive influence on the global malic acid market in coming years. It is used in various toothpastes and mouthwashes as it stimulates the flow of saliva in the mouth. Increasing demand for flavored soaps and detergents in the hospitality sector will further augment the growth.
The product is available in two forms, mainly dry powder form and solid crystalline form. On the basis of source, malic acid market can be segmented into fruits and vegetables. It is obtained from fruits such as apples, watermelons, bananas, blackberries, apricots, mangoes, cherries, kiwi, grapes, lychees, strawberries, oranges, nectarines, pears, peaches, etc. In vegetables, malic acid is mainly found in tomatoes, potatoes, broccoli, beans, carrots, peas, and rhubarb.
Based on the application, the malic acid market is segmented into food and beverages, medical and pharmaceutical, personal care, animal feed and oil field applications to mention a few. In food and beverages, it is used in carbonated and non-carbonated beverages, powdered mixes, supplements, low calorie beverages, ciders, and wines, acidified dairy products, confectionaries, soft and hard candy, sugarless confections, chewing gums, fruit preparations, preservatives, desserts, and bakery products. In medical and pharmaceuticals, malic acid is generally used in effervescent powdered preparations and cough syrups to add a fruity flavor and diminish the impact of active components. In personal care, the product is used in soaps, mouthwashes, toothpaste and skin care products in order to impart a fruity flavor.
In terms of geography, Asia Pacific region has rapidly expanding malic acid markets in countries such as India and China. These regions will boost the product demand in the forecast period. Moreover, increasing health awareness to fight obesity in countries like the U.S., UK, France, and Japan are demanding more of healthy products and food supplements. Due to stagnation, the malic acid market in Europe will grow at a steady and slower rate than the other regions. Also, the significant demand for the product in the food processing industry is likely to drive the malic acid market in the Middle East.
Primary players operating in the malic acid market include The Chemical Company (TCC), Wego Chemical & Mineral Corp., Polynt SpA, Thirumalai Chemicals Ltd. (TCL), Taiyuan Qiaoyou Chemical Industrial Co., Ltd, Isegen South Africa (Pty), Ltd, Changmao Biochemical Engineering Company Limited, Lonza, U.S. Chemicals LLC, Prinova, Yongsan Chemicals, Anhui Sealong Biotechnology Co., Ltd, Miles Chemical, Fuso Chemical Co., Ltd, and Bartek Ingredients, Inc.
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