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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Malic Acid Market Outlook
The global malic acid market attained a value of USD 224.50 million in 2023, driven the rising demand from the developing regions. Aided by the increasing demand from the food and beverage sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.4%. The market is projected to reach USD 359.13 million by 2032.
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Market Segmentation
Malic acid is present in nature as an organic dicarboxylic acid and provides a pleasant sour taste to fruits and vegetables. Malic acid is used in beverages, confectionery and food, and personal care sectors for reasons such as flavour enhancement, acidulant for pH control, and preservation.
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Malic acid is segmented into various product types like:
- L-Malic Acid
- D-Malic Acid
- DL-Malic Acid
The EMR report covers the regional malic acid markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global malic acid market is being driven by the growing urbanisation and increasing health awareness worldwide. The increasing use of malic acid in animal feed is further fostering the industry. Developed economies like North America and Europe are growing at a faster rate due to increasing demand for sports nutrition and functional foods in the US, the UK, and France. The growth in food and beverages industry is another factor fuelling the industry growth. The availability of malic acid as a substitute for many products is offering a great opportunity for the global malic acid market growth. The growing population in India and China is driving the industry growth for the Asia Pacific region. The Middle East and Africa is expected to drive the industry due to the growing demand for malic acid in the food processing sector.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global malic acid market looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Bartek Ingredients Inc.
- Changmao Biochemical Engineering Company Limited
- Fuso Chemical Co.Ltd.
- Polynt SpA
- Thirumalai Chemicals Ltd.
- Anhui Sealong Biotechnology Co., Ltd.
- Yongsan Chemicals Inc.
- The Chemical Company
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global malic acid market attained a value of nearly USD 224.50 million.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 359.13 million by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, increasing health awareness, rising demand from the developing regions, and the increasing demand from the food and beverage sector.
The rising use of the product in sports nutrition and functional foods acts as a key trend for the market.
The major regions in the market include North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific.
L, D, and DL-malic acid are the leading products of malic acid in the market.
Malic acid finds significant applications in beverages, confectionery and food, and personal care, among others.
The major players in the market include Bartek Ingredients Inc., Changmao Biochemical Engineering Company Limited, Fuso Chemical Co.Ltd., Polynt SpA, Thirumalai Chemicals Ltd., Anhui Sealong Biotechnology Co., Ltd., Yongsan Chemicals Inc., and The Chemical Company, among others.
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