Global Malic Acid Market worth USD 220.0 million and CAGR 4.3% by 2021

Zion Research has published a new report titled “Malic Acid (L-Malic, D-Malic and DL-Malic) Market for Food, Beverages, Confectionaries, Personal Care, Pharmaceutical and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.”According to the report, the global malic acid market stood, at 72.12 kilo tons in 2015 and is expected to reach at 96.83 kilo tons in 2021, growing at a CAGR of 4.3% between 2016 and 2021. In terms of revenue, the global demand for malic acidis expected to reach USD 220.0 million in 2021.

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Malic acid is dicarboxylic acid. It offers a pleasant sour taste. It is found in unripe fruits such as green apples, cherries, grapes and others. Another name for malic acid is malate which is used as intermediate in citric acid. It is widely used as the additive to enhance the taste of foodstuff in food and beverages industry across the world. It also finds a number of applications in other sectors such as personal care, cosmetic, medical, pharmaceutical and amongst others.

The major driving factor of global malic acid market is growing demand from food and beverages industry. The demand for processed food as well as the bakery products and the confectionaries is likely to boost the growth of malic acid across the globe. Demand for flavored fruit beverages is also expected to accelerate the demand for malic acid in near future. However, fluctuating prices of raw material is expected to limit the growth of the market. Furthermore, increasing utilization of malic acid in medical sector coupled with microbial bio-synthesis of malic acid is expected to serve new opportunities for global malic acid market during the years to come.

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The D-malic, L-malic and DL-malic are the major types of malic acid market. L-malic acid governed the global market of malic acid in 2015 and further it is also expected to have its dominance over the market till next few years. L-malic acid is a natural occurring acid while D-malic acid and DL malic acid are synthetic acids. Moreover, DL-malic acid is likely to strong demand due to large consumption in numerous industries such as health care, bio-medical, food and beverages, bakeries and others.

Malic acid has numerous applications, some of the major applications of the global malic acid include food, beverages, confectionaries, personal care, pharmaceutical and others applications. Among majors one, beverages was the leading application segment for the global malic acid market in 2015. It accounted for over 50.0% share of the total consumption. Rising demand for flavored fruit beverages is expected to fuel the growth of the global market of malic acid within the forecast period. In addition, food, confectionaries, and personal care are the vital outlets that are expected to propel the growth of malic acid over the years to come.

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In term of the region, Asia Pacific was the leading market for malic acid in 2015. Asia Pacific accounted for above 40.0% shares of the entire market. It is also predicted to continue this trend in coming years. This growth is attributed due to emerging food and beverages industries in countries such as China, India, Malaysia and Indonesia during the future years. Europe and North America are expected to witness significant growth for malic acid in coming years. Furthermore, penetration of convenience and processed food are predicted to increase the demand for malic acid in Latin America and the Middle East & Africa region in near future.

Some of the key players of global malic acid includeThirumalai Chemicals Ltd, the Chemical Company, Novozymes, U.S. Chemicals LLC, Polynt, Prinova LLC, Bartek ingredients Inc and FUSO Chemical Co. Ltd amongst others.

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