Malic Acid Market : Globally Expected to Drive Growth through 2024
Malic acid is commercially produced from maleic anhydride. The process involves double hydration of maleic anhydride in order to produce a racemic mixture of two isomers of malic acid. It exists in a white crystalline, granular form at room temperature. It forms a homogeneous mixture with water and is easily soluble with organic solvents such as ethanol.
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Malic acid is primarily used as a food additive to enhance flavor (tartness/sourness). It provides a longer shelf life to the products with its antimicrobial properties and pH controlling ability; and thus, it is used to preserve food and beverages. Increasing adoption of convenience food and beverage products as a result of the growing urban population is driving the malic acid market. Furthermore, malic acid is steadily replacing antibiotics in animal feed and as a result, the demand from animal feed applications is also increasing. Furthermore, evolution of new innovative ingredients in the food and beverages industry is opening up new opportunities for flavorings and preservatives such as malic acid. Malic acid readily substitutes citric acid in the detergent industry and hence, detergent and cleaner application segment provides an emerging opportunity in the malic acid market.
Malic acid imparts a pleasant taste to food and beverages. It uniformly aids in the masking of any unpleasant after tastes of antioxidants, artificial sweeteners, nutraceuticals, amino acids, plant extracts, or vitamins. Additionally, increasing consumption of nutritional bars and fortified protein drinks has led to the rising demand of malic acid. Demand for sports nutrition and functional food is accelerating at a significant rate in developed countries such as the U.S. the U.K., Japan, and France. Hence, the demand for malic acid is expected to grow rapidly in these regions. Moreover, rising awareness regarding obesity and other health issues has resulted in a lifestyle shift towards healthier food and beverages, which in turn, is expected to fuel demand for malic acid. Malic acid is a major constituent of almost all fruit flavored liquids and powders used in the food and beverages industry globally. Malic acid plays a significant role in regulating animal health and weight by controlling microbial population in the animal digestive systems and hence, it is widely used as a feed acidulant in animal feed.
In terms of geography, developing regions such as China, India, and ASEAN are the rapidly expanding markets of malic acid. These regions are anticipated to boost the demand for malic acid during the forecast period. Furthermore, increasing health awareness to combat obesity is spurring growth of malic acid in the U.S., France, Germany, and the U.K. The existence of significant demand for malic acid in the food processing industry is expected to drive MEA market in the near future. Additionally, increasing availability of better infrastructure and improved technological capabilities in the food and beverages industry is anticipated to provide potential opportunities in the malic acid market globally.
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Some key players in the malic acid market include Novozymes, Bartek Ingredients Inc., Purac AB, The Chemical Company, and Fuso Chemical Company Ltd.
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