Sarasota, FL, June 09, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Malic Acid Market (L-Malic Acid, D-Malic Acid, and DL-Malic Acid) for Food & Beverages, Chemical Industry, Cosmetics Industry and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, the global malic acid market accounted for USD 162.1 Million in 2016 and is expected to reach USD 238.6 Million by 2022, growing at a CAGR of around 5.4% between 2017 and 2022.
Malic acid is a tart-tasting carboxylic acid that plays a role in many sour or tart foods. Although it is found as a naturally occurring organic compound in various fruits, many choose to take malic acid supplements to increase their overall health, as well as treat various diseases. Changing consumer preferences regarding food & beverages has increased the demand for various flavor enhancers and additives. Urbanization has also increased the demand for canned foods and takeaway foods. These factors have been driving the demand for food preservatives and are expected to propel the growth of the malic acid market over the forecast period. In addition, malic acid has been witnessing increased demand from the cosmetics industry as it is a more balanced acid as compared to other fruit acids and also has a better buffer capacity. However, usage of citric acid in the food industry poses a slight threat of substitution to the malic acid market. In the coming years, the positive outlook on the food and beverages industry coupled with the population growth, especially in the BRICs countries are expected to provide various opportunities for the players in the global malic acid market.
Browse through 23 Market Tables and 18 Figures spread through 110 Pages and in-depth TOC on “Global Malic Acid market: By Type, Application, Region, Industry Size and Forecast up to 2015 – 2021”.
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L-malic acid accounted for the largest market share in 2016 and is expected to prolong its dominance over the forecast period. DL-malic acid is expected to register the fastest growth rate over the forecast period owing to the increasing demand for sports supplements and nutritional drinks across the globe.
Food and beverages were the largest application segment of the global malic acid market in 2016 accounting for a little over 65% of the market in terms of volume. Changing food preferences, urbanization and population explosion are expected to propel the demand for malic acid in food & beverages applications. It is also expected to be the fastest growing application segment of the global malic acid market.
Browse the full "Malic Acid Market (L-Malic Acid, D-Malic Acid, and DL-Malic Acid) for Food & Beverages, Chemical Industry, Cosmetics Industry and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/malic-acid-market
North America accounted for the second largest share of malic acid in 2016. This can be attributed to the large food & beverages sector in the region. The growing demand for canned foods, ready to drink beverages etc. is also expected to aid the growth of the malic acid market in North America. Moreover, the increasing usage of malic acid in cosmetics and personal care products is expected to further propel the demand for malic acid in North America.
Europe malic acid market is expected to witness significant growth within the forecast period owing to the growing demand for ready-to-eat foods, different food additives etc. The growth of the food industry in the region is also expected to aid the growth of the malic acid market in Europe. Moreover, changing consumer attitude towards sports nutrition and supplements is expected to fuel the demand for malic acid in Europe over the forecast period.
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Asia-Pacific accounted for the largest share of the global malic acid market in 2016 and is expected to maintain its position over the forecast period. The population explosion, especially in countries like China and India is expected to be the major driving factor for the malic acid market in Asia Pacific. This has consequently aided the rapid growth of the food & beverages industry in the region with many major players expanding into the region owing to the huge market potential. Asia Pacific malic acid market is also expected to register the fastest growth rate over the forecast period owing to the rapid urbanization and westernization fuelling the demand for canned foods, ready-to-eat foods & beverages etc. Moreover, a changing consumer attitude among the population in Asia Pacific towards sports nutrition and supplements is also expected to aid the growth of the malic acid market in the region.
Latin America malic acid market is expected to grow at a significant pace within the forecast period. The demand for malic acid from the food and beverages sector is expected to be the major driver for the malic acid market in Latin America. Urbanization and growth of tourism in the region are expected to spur the demand for malic acid over the forecast period.
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The Middle East and Africa is expected to witness significant gains for malic acid market within the forecast period. The positive outlook for the food & beverages sector in the region is expected to be the major driver of the malic acid market over the forecast period. Moreover, the changing lifestyle and heavy influx of expatriates have further fuelled the demand for various types of food additives, flavors, color fixatives etc. This is expected to further fuel the demand for malic acid in the Middle East and Africa.
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The key players operating in the global malic acid market are Fuso Chemicals, Bartek, Isegen, Polynt, Thirumalai Chemicals, Yongson Chemicals, MC Food Specialties Inc., Tate & Lyle, Changmao Biochemical Engineering, Sealong Biotechnology and Jinhu Lile Biotechnology Industry Co., Ltd.
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This report segments the global malic acid market as follows:
Global Malic Acid Market: Product Segment Analysis
- L-Malic Acid
- D-Malic Acid
- DL-Malic Acid
Global Malic Acid Market: Application Segment Analysis
- Food & Beverages
- Cosmetics Industry
- Chemical Industry
- Others
Global Malic Acid Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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