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Malic Acid Market worth $1,090.84 million by 2030, growing at a CAGR of 8.15% - Exclusive Report by 360iResearch

03-06-2024 08:05 AM CET | Chemicals & Materials

Press release from: 360iResearch

Malic Acid Market | 360iResearch

Malic Acid Market | 360iResearch

The "Malic Acid Market by Type (D-Malic Acid, DL-Malic Acid, L-Malic Acid), Extraction Process (Chemical Synthesis, Natural Extraction), End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Malic Acid Market to grow from USD 630.20 million in 2023 to USD 1,090.84 million by 2030, at a CAGR of 8.15%.

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Malic acid, known as hydroxybutanedioic acid, is an organic compound belonging to the dicarboxylic acid family. It is a naturally occurring acid in various fruits and vegetables, especially apples. This dicarboxylic acid plays a crucial role in the Krebs cycle, a critical energy-producing process in living cells. In addition to its natural prevalence, malic acid is industrially synthesized and widely used in the food & beverage industry as an acidulant, enhancing flavor profiles and preserving the longevity of products. Its applications extend beyond culinary uses, finding importance in pharmaceuticals and cosmetics and as a supplement for its potential health benefits, including improving skin health and managing symptoms of certain health conditions. The growing consumption of convenience food & beverages globally and increasing application in pain reduction and muscle soreness for people with chronic diseases drive the market growth. However, probable side effects such as itching and nausea for people on supplements with fluctuating raw material costs hinder market adoption. Nevertheless, emerging applications in the pharmaceutical sector in producing medicinal products, such as cough syrups, with the development of novel food and beverage products incorporating malic acid, are anticipated to create potential opportunities for malic acid market growth.

The malic acid market in the Americas is experiencing growth driven by the popularity of energy and sports drinks in the food and beverage industry. There is a notable trend toward natural and organic food additives, significantly impacting purchasing behaviors and prompting companies to invest in developing natural malic acid variants. Countries in the Americas are increasingly focusing on sustainable and eco-friendly production processes. Research initiatives are directed toward improving malic acid applications in non-food sectors, such as biodegradable polymers and green chemistry, propelling the market growth. In EU countries, regulatory mandates emphasizing cleaner labels and food safety have raised the demand for natural malic acid. Innovation and sustainability are at the forefront of the European malic acid market, with numerous companies investing in eco-friendly production technologies. The Middle East and Africa are evolving markets with untapped growth potential, primarily driven by rapid urbanization and changing dietary preferences. The Asia-Pacific region is experiencing an exponential rise in the demand for malic acid, primarily driven by the burgeoning food & beverage sector. Consumer preference for convenience food & beverages and a growing awareness of healthy living underscores the region's increasing consumption rates. Countries in the Asia-Pacific region showcase significant R&D investments to enhance malic acid production efficiencies. Furthermore, stringent quality requirements in the Asia-Pacific countries increase focus on high-grade malic acid for use in various applications, including cosmetic formulations.

Market Segmentation & Coverage:

This research report categorizes the Malic Acid Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across D-Malic Acid, DL-Malic Acid, and L-Malic Acid. The L-Malic Acid commanded largest market share of 58.20% in 2023, followed by D-Malic Acid.

Based on Extraction Process, market is studied across Chemical Synthesis and Natural Extraction. The Chemical Synthesis commanded largest market share of 63.92% in 2023, followed by Natural Extraction.

Based on End User, market is studied across Chemical, Food & Beverages, Personal Care & Cosmetics, and Pharmaceuticals. The Food & Beverages commanded largest market share of 29.02% in 2023, followed by Personal Care & Cosmetics.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.99% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Malic Acid Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Malic Acid Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Malic Acid Market, highlighting leading vendors and their innovative profiles. These include Acuro Organics Limited, Anhui Sealong Biotechnology Co., Ltd., Azelis Group NV, B Joshi Agrochem Pharma Pvt Ltd., Bartek Ingredients Inc., Central Drug House (P) Ltd., Changmao Biochemical Engineering Company Limited, Dialog Group Berhad, Fuso Chemical Co., Ltd., ISEGEN South Africa (Pty) Ltd, Junsei Chemical Co.,Ltd., Kishida Chemical Co.,Ltd., Merck KGaA, Muby Chemicals, National Analytical Corporation, Novozymes A/S by Novonesis Group, Otto Chemie Pvt. Ltd., Polynt S.p.A., Spectrum Chemical Mfg. Corp., Tate & Lyle PLC, Thermo Fisher Scientific Inc., Thirumalai Chemicals Ltd., Tokyo Chemical Industry Co., Ltd., Vizag Chemical International, VWR International, LLC by Avantor, Inc., and Yongsan Chemicals, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Malic Acid Market, by Type
7. Malic Acid Market, by Extraction Process
8. Malic Acid Market, by End User
9. Americas Malic Acid Market
10. Asia-Pacific Malic Acid Market
11. Europe, Middle East & Africa Malic Acid Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Malic Acid Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Malic Acid Market?
3. What is the competitive strategic window for opportunities in the Malic Acid Market?
4. What are the technology trends and regulatory frameworks in the Malic Acid Market?
5. What is the market share of the leading vendors in the Malic Acid Market?
6. What modes and strategic moves are considered suitable for entering the Malic Acid Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
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Opposite Phoenix Market City,
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India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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