Malic Acid Market to register substantial expansion by 2021-2031

𝐌𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
Transparency Market Research delivers key insights on the global malic acid market. In terms of revenue, the global malic acid market is estimated to expand at a CAGR of 4.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global malic acid market.
The emergence of bio-based chemicals is likely to hamper the global malic acid market during the forecast period. Increase in the demand for malic acid in the food & beverages industry is anticipated to drive the global malic acid market over the next decade, as malic acid is extensively employed in the food & beverages industry.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/malic-acid-market.html

𝐌𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬
The demand for malic acid is increasing in the food & beverages industry. The global food processing industry has been continuously developing and expanding. It is the most demanding industry, as processed food accounts for 80% of global food sales. The packaged food industry is a leading segment of the global food processing industry. The global food processing industry is rapidly expanding, owing to the increase in population and income of the people. It is a highly powerful industry in the world economy. The food processing market is projected to exceed US$ 4 Trn by 2024. Malic acid is widely employed in juices & beverages, as it enhances the flavor and offers tart taste to beverages.
End-use industries of malic acid such as food & beverages, medical & personal care, and chemical have been continuously developing and expanding. This is creating lucrative opportunities for the malic acid market. The demand for malic acid is primarily driven by the growth of the food & beverages industry. Manufacturers of malic acid are focusing on production and processing of bio-based L-malic acid to meet the rising demand for the acid in industries.
Bio-based products are derived from plants and other renewable agricultural, marine, and forestry materials. Bio-based products generally provide an alternative to conventional petroleum-derived products and include a diverse range of offerings such as lubricants, detergents, inks, fertilizers, and bio-plastics. Recent findings indicate that environmental concerns regarding dangerous chemicals and fossil fuel depletion are resulting in an increase in the production of bio-based chemicals. The market for these chemicals is expected to expand from US$ 6,474 Bn in 2016 to US$ 23,976 Bn by 2025.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20339

𝐌𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬
Asia Pacific dominates the global malic acid market. The demand for juices & beverages and confectionery products is estimated to rise at a rapid pace between 2021 and 2031. This is expected to boost the demand of malic acid in Asia Pacific.
China is anticipated to be a highly attractive country of the malic acid market in Asia Pacific during the forecast period. The food & beverages sector in China is witnessing strong growth, owing to rise in income of the people. This has led to an increase in the demand for food additives, which, in turn, is augmenting the malic acid market in the country.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=20339

North America is likely to be another highly attractive region for malic acid during the forecast period. The U.S. held a major share of the malic acid market in North America in 2020. Investments in the healthcare & personal care sector have increased in the U.S. in the recent years. This is driving the demand for malic acid in the medicinal & personal care sector in the country.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=20339

𝐌𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Major players operating in the global malic acid market are Bartek Ingredients Inc., Changmao Biochemical Engineering Co. Ltd, Fuso Chemicals Co., Ltd, Isegen South Africa (Pty) Ltd, Thirumalai Chemicals Co. Ltd, Anhui Sealong Biotechnology Co., Ltd, Prinova Group LLC., YONGSAN CHEMICALS, INC., Polynt SpA, Miles Chemical, and Zhonglan Industry Co.,Ltd.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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