Press release
Malic Acid Market : Opportunities and Forecast Assessment, 2015 - 2021
The growing demand for the added flavours from the food and beverage industry is expected to fuel the malic acid market. The use of malic acid as a preservative is increasing due to the embracement of convenience food products such as ready to drink beverages and the processed foods, thus driving the malic acid market. The growing demand for personal care products is anticipated to be a major demand driver for the malic acid market. The shift of trend to bio based products is expected to fuel bio-based malic acid market. Also, the growth in the construction industry due to the rapid urbanization in the developing countries is expected to fuel the malic acid market. Stringent government regulations pertaining to its use in the food and beverages is expected to restrain the global malic acid market.
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Malic acid can also be segmented based on its types as:
D-malic acid
L-malic acid
DL-malic acid
Malic acid can also be segmented based on sizes as:
Fine
Dust
Granular
Special fine
Malic acid market can be broadly segmented based on applications as:
Food and Beverages
Personal care products
Pharmaceuticals
Paints and Soaps
Construction
Electroplating
Others
Food and beverages application accounts for the largest market share according to consumption of malic acid.
The global malic acid market can be broadly classified based on geography into seven key segments as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia – Pacific and Middle East and Africa. Asia pacific accounts for the largest consumption of malic acid. India, China and Indonesia are expected to be the most promising countries in the malic acid market because of the rapid urbanization which in turn boost the food and beverage industry. The United States also witnesses a growing demand for malic acid followed by Europe and Japan. The growing disposal income in the developing countries is boosting the demand for the convenience products, thus helping the malic acid market grow.
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Key Players
Thirumalai chemicals Ltd.
Novozymes
Polynt
FUSO Chemical Co. Ltd
Bartek ingredients Inc.
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