According to a new market research report published by Credence Research “Malic Acid Market (Beverages, Confectionery, Food, Personal care products, and pharmaceuticals and Other) — Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015–2022,” the global malic acid market was valued at US$ 143.0 Mn in 2014 and is estimated to expand with a CAGR of 6.3% from 2015 to 2022.
Malic acid is widely used as a preservative in various food and beverages products owing to rising food safety concerns, desire for convenience and increased popularity of processed food and ready to drink beverages along with improving the standard of living. Furthermore, growing market demand for new beverages and food products, especially fruit-flavored beverages and food are projected to fuel the malic acid market. The increasing popularity for personal care products is also projected to be a major demand driver for malic acid. The usage of malic acid in the food and beverage industry is approved by various regulatory agencies such as FDA, EFSA, and FSSAI among others and hence this is also one of the major reasons for market growth and is also projected to propel the market demand over the coming few years.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/malic-acid-market
Confectionery is another lucrative segment for malic acid. Rising demand for confectionery products such as gum, jellies, jams, candies are also projected to contribute towards the malic acid market growth. During the forecast period, the demand for malic acid is projected to be highest from the Asia Pacific and RoW regions. Countries such as India, China, Latin America, Middle East, and Africa would be the chief contributors towards market growth as the concerns regarding health and nutrition are comparatively nascent, and nutrition foods and beverages and diet products have less market penetration in these regions. However, volatility in the prices of raw material can act as a major factor in restraining market growth.
Players in this market are focusing on R & D for increasing application scope for malic acid. Further, they are also focusing on new product development to meet the specific client requirement for different products.
The major players profiled in the report are Bartek Ingredients, Changmao Biochemical, FUSO, Isegen South Africa, Miles Chemical, Qiaoyou Chemical, Prinova LLC, Wego Chemicals & Minerals corp, PolyntS.p.A, and YongsanChemicals.
- Geographical expansion through organic as well as inorganic growth
- Malic acid is suitable for a wide range of applications
- Emphasis on food and confectionery segment
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/57994
Report Scope by Segments
By Application Type
- Personal care products and pharmaceuticals
- Others (Detergent, animal feed, and others)
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)