Malic Acid Market 2019 Opportunity, Growth Analysis Forecast 2023

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Malic Acid Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Malic Acid Market Research Report- Forecast to
2023
Malic Acid Market - Overview
Malic Acid is naturally sourced from fruits and
vegetables and is used widely in the FB sector
to enhance flavor and add tartness to a variety
of confectionery, beverages, and bakery products.
The rapid and consistent growth of the food
beverage industry has been a significant
influencer of growth for the Global Malic Acid
Market. In FB applications, Malic Acid is used
to achieve the right pH, anti-microbial
properties and enhance flavors. Increasing demand
for convenient, packaged food and beverage
products due to changing lifestyles and growing
disposable income has contributed to the increase
in demand for Malic Acid. Additionally, Malic
Acid has uses in biochemistry which is further
applied in personal care products. Increased use
of multifunctional ingredients in hair and skin
care is expected to catapult demand for malic
acid. Presently, the raw material process
required to extract natural Malic Acid or produce
synthetic Malic Acid has volatile pricing due to
fluctuation in crude oil prices, thus restraining
the market. However, increasingly, use of biofuel
and related products, production of Malic Acid
may witness new opportunities in the coming
years. Malic Acid is largely known as the organic
compound that adds a sour taste to fruits.
Naturally occurring, Malic Acid often and most
commonly used as a food additive and has
applications in several other end-use industries
including pharmaceuticals and personal care
products. Market Research Future has published
its latest report on the Global Malic Acid Market
which is reported to display an average, yet
consistent CAGR of 4.70 over the forecast period
from 2017 to 2023. Used as an additive, Malic
Acid has witnessed consistent demand over the
years and is likely to generate a market value of
USD 217.8 by the end of 2023.
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Malic Acid Market Research Report- Forecast to
2023
Segmental Analysis
MRFR's detailed analysis includes a breakdown of
the various parts of the market which have been
segmented on the basis of Type, End-Use, and
Region. Types of Malic Acid have broadly been
segmented into L-malic acid, DL-malic acid, and D
()-malic acid. Among these, the DL-malic acid
segment has secured the most significant share of
the market due to its rising applications in
food, beverages animal feed, and agriculture
among others. The segment will advance at a CAGR
of 4.81 during the assessment period. End-Use
Industries where Malic Acid is used have been
segmented into personal care, food beverage,
pharmaceuticals, and others. The FB segment is
expected to display the highest revenue over the
forecast period of USD 137.9 Mn by 2023 and grow
at the fastest pace. Meanwhile, the personal care
segment is at a close second to FB and will
continue to grow as awareness regarding wellbeing
and hygiene increases. Complete List of Tables
and Figures _at_ https//www.marketresearchfuture.com
/reports/malic-acid-market-4170

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Malic Acid Market Research Report- Forecast to
2023
Regional Outlook
The Asia Pacific has established itself as the
market leader among all other regional markets
and is expected to generate revenue at the
highest CAGR of 5.82 over the review period. The
APAC market has a number of leading market
players operating in the global market. Moreover,
there is a rapid growth in the manufacturing
sector with many end-user industries setting up
manufacturing plants in the region due to the
presence of comparatively cheap labor. The
presence of a large consumer population along
with increasing disposable income has resulted in
an increased demand for food and beverages. The
North American market is the second most
significant market which is expected to reach an
estimated USD 53.7 Mn in market value by 2023.
The U.S is the largest country-level market.
Meanwhile, Europe accounts for 20 of the global
market share and is expected to grow at a
moderate pace.
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Malic Acid Market Research Report- Forecast to
2023
Major Players in this Research

• Malic Acid Market Prominent Players
• Tate Lyle
• Corbion NV
• Polynt S.p.A
• Fuso Chemical Co., Ltd. (Fuso)
• Thirumalai Chemicals Ltd. (TCL)
• Changmao Biochemical Engineering Company Limited
• Bartek Ingredients Inc.
• Isegen South Africa (Pty) Ltd
• Anhui Sealong Biotechnology Co. Ltd.
• Yongsan Chemicals, Inc.

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