Chemicals & Materials

Global Malic Acid Market

February 26, 2022
ID: SR/CH-56
Format:Pdf
Pages:220

Global Malic Acid Market By Type (DL-Malic Acid, Granular DL-Malic Acid and White Crystalline Power Malic Acid), By Application (Food & Beverages, Cosmetics & Personal Care Products and Pharmaceuticals), By Region (North America, Europe, Asia-Pacific, South America and The Middle East & Africa)-Global Forecast to 2028.

Description

The Malic Acid Market size was valued at USD 192.5 Million in 2021 and is estimated to reach USD 347 Million by 2028, with a CAGR of 6.83% from the forecast period 2021 to 2028. The major elements driving industry growth are the higher demand for the product to maintain food coupled with the surging demand from the food and beverage enterprise is one of the major elements projected to fuel the growth of the Malic Acid Market. Malic Acid is also widely utilized in cleaning products as there is a ban on phosphate usage in various regions. The major players carry out various research and development movements, further fostering the market growth.

What is Malic Acid?

Malic Acid is a dicarboxylic acid produced by all living organisms and has the molecular directions C4H6O5. It donates to the sour and tart taste of foods and is seen in nearly all fruits, including apples, apricots, blackberries, grapes, peaches, plums, pears, strawberries and mangoes. Malic acid consumption allows detoxifying energy production, treating chronic fatigue syndrome, and enhancing overall muscle routine. It is broadly used in the food processing industry as it helps in improving the shelf life of packaged food and bakery items. It also boosts bakery products, desserts, fruit juices, frozen specialties and sports drinks. Malic Acid finds applications in the detergent, health, cosmetics and personal care enterprises.

Growth Drivers

Confectioneries has escalated the demand for Malic Acid

In recent years, the growing usage of malic Acid for manufacturing sugarless confectioneries has escalated its market among obese and diabetic people. Moreover, regulatory management such as the US Food and Drug Administration, European Food Safety Authority and Food Safety and Standards Authority of India have authorized the use of malic Acid in food processing, thereby catalyzing its sales. Malic Acid is also utilized to substitute for citric Acid and tartaric Acid in the detergent enterprise, owing to its lower hygroscopicity and higher solubility. Apart from this, it is an ingredient in many cosmetic and personal care products as it has antioxidant effects, making the skin healthy and shiny. Malic Acid creates medical products in the pharmaceutical industry, including cough syrups, throat tablets, toothpaste, mouthwash, and health supplements such as protein shakes and food bars.

Opportunities

Increasing Benefits for Skin

It can decrease toxicity in the body, leading to brain disorders and liver disease by binding potentially harmful toxic metals and inactivating them if not properly treated. It also helps maintain youthful skin and good health. It also helps maintain oral hygiene. It improves saliva production, decreasing harmful bacteria circulating in the mouth, gums, and teeth. It is why it is utilized as an ingredient in mouthwashes and toothpaste.

Chronic Fatigue Syndrome has been associated with fibromyalgia. Malic Acid is very influential in improving energy production in the body. It is noted for the Acid’s usefulness in rebuilding the shortage of energy that occurs in the body due to exercise. It makes the product very good for fibromyalgia and chronic fatigue syndrome because they maximize their power production.

Restraints

Lack of Research in Supplements & Skincare Products

Due to a lack of knowledge, little is known about the safeness of long-term or regular use of malic acid supplements. The appropriate dose of malic Acid depends on several aspects, such as the user’s age, health, and other conditions. At this time, there is not enough scientific knowledge to choose an appropriate range of doses for malic Acid. There’s some problem that intake of malic Acid may start with specific side effects such as headaches, diarrhea, nausea, and allergic reactions. Although Malic Acid is normally considered safe when utilized to the skin in the recommended amount, some people may undergo irritation, itching, redness, and other side effects.

Pre Covid-19 Impact on Global Malic Acid Market

Before the Covid-19 period, Malic Acid used as a preservative is noticing growth owing to the increasing popularity of convenience food products such as processed foods and ready to drink beverages, consequently driving the market demand before the pandemic period regions such as Asia, Middle East, Latin America and Eastern Europe is evaluated to witness highest growth rate, owing to enhancing the standard of living, the transformation in the trend towards western-style food, low penetrations of diet and nutritional food. Furthermore, support of malic Acid from the different regulatory mechanisms for food processing is projected to augment the overall market growth before the covid-19 outbreak.

Covid-19 Impact on Global Malic Acid Market

During the covid-19 outbreak, most industries worldwide have been negatively impacted. It can be attributed to considerable troubles experienced by their manufacturing and supply-chain operations due to different preventive lockdowns and other restrictions enforced by governing authorities across the globe. The same applies to the global Malic Acid market. Moreover, consumer need has also subsequently decreased as individuals are now keener on stopping non-essential expenditures from their respective budgets as the general economic situation of most individuals has been harshly affected by this outbreak. These elements are predicted to burden the revenue trajectory of the global Malic Acid market over the forecast timeline.

Post Covid-19 Impact on Global Malic Acid Market

After the covid-19, several key market participants of the global Malic Acid sector are now more attentive to setting-up effective joint ventures, acquisitions, and partnerships to expand their respective consumer bases. By doing so, they stand to increase their given target bases by catering to them on both a global and domestic level. In conjunction with promising opportunities emerging from growing nations from the Asia-Pacific region such as India, China, Taiwan, Indonesia, etc., this element is expected to construct a surge in business prospects for concerned players throughout this forecast period.

By Type Segmental Analysis

Based on segmental type analysis, the market is classified into DL-Malic Acid, Granular DL-Malic Acid and White Crystalline Power Malic Acid. The white crystalline powder has the highest market share in this segment. The white crystalline powder is utilized as a food additive in the food and beverages industry. When it’s merged with both an acidic ingredient and a liquid. Upon activation, carbon dioxide is delivered, which prepares baked goods to rise and become light and fluffy.

By Application Segmental Analysis

Based on segmental application analysis, the market is classified into Food & Beverages, Cosmetics & Personal Care Products and Pharmaceuticals. Beverages accounted for 50% of the global consumption of malic Acid. Growing application scope in beverages, mainly in low-calorie drinks, cider and apple-flavored drinks, coupled with the growing need for these beverages among the young population worldwide, is cast to fuel demand in this component during the forecast period. In the same year, the food (confectionery) component calculated for more than 20% of the global consumption of malic Acid and is cast to be the fastest-growing component during the forecast period. This feature notices an increase owing to the growing usage of malic Acid in confectionery products such as jellies, gum, and sweet.

By Regional Segmental Analysis

Based on the regional segmental analysis, the market is classified into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. The Asia Pacific region is calculated for 43.8% of total market demand in 2018 and is assessed to register a revenue-based CAGR of 5.9% over the projected period. The reason behind prevailing market growth is the growing population, rising preference for food acidifiers to improve the shelf life of end uses, and the existence of key international chemical cluster enterprises to supply raw materials.

Competitors Analysis

The Companies include Changmo Biochem, Bartek, Thirumalai chemicals, Fuso Chemicals Co. Ltd., Polynt, Yongsan Chemicals, Anhui Seolong Biotechnology, The Chemical Company, Miles chemical, Isegen South Africa, Mitsubishi Chemicals and other Prominent players in the global malic Acid.

Key Stakeholders

Recent Developments

In May 2021, Thirumalai Chemicals Co. Ltd. declared its plans to implement a project to manufacture 180,000 tons of Phthalic Anhydride (PA) and 30,000 tons of fine and specialty chemicals per year at its current site at Dahej, Gujarat, and West India. Would enforce the project in two successive stages.
In July 2020, Polynt SpA decided to build a 50,000-ton capacity Greenfield maleic anhydride plant at its Morris, Illinois, site. The plant is predicted to benefit Polynt consumption for composites and other malic products produced in Europe and Asia.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 192.5 Million
The revenue forecast in 2028	USD 347 Million
Growth Rate	CAGR of 6.83 % from 2022 to 2028.
Historical data	2018 – 2020
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include Changmo Biochem, Bartek, Thirumalai chemicals, Fuso Chemicals Co. Ltd., Polynt, Yongsan Chemicals, Anhui Seolong Biotechnology, The Chemical Company, Miles chemical, Isegen South Africa, and Mitsubishi Chemicals are the key players.

Market Modelling

By type

DL-Malic Acid
Granular DL Malic Acid
White Crystalline Power Malic Acid

By Application

Food & Beverage
Cosmetics & Personal Care Products
Pharmaceuticals

By Region

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is Malic Acid?

What is the global Malic acid growth rate during the forecast period of 2022-2028?

The malic Acid Market size was valued at USD 192.5 Million in 2021 and is estimated to reach USD 347 Million by 2028, with a CAGR of 6.83% from the forecast period 2021 to 2028.

What are the major elements of global malic Acid?

The major elements of malic Acid are the rising disposable income, increasing population, increasing health awareness, rising demand from the developing regions and the increasing demand from the food and beverages sector.

Who are the major key players in the global malic Acid?

The Companies include Changmo Biochem, Bartek, Thirumalai chemicals, Fuso Chemicals Co. Ltd., Polynt, Yongsan Chemicals, Anhui Seolong Biotechnology, The Chemical Company, Miles chemical, Isegen South Africa, and Mitsubishi Chemicals are the key players in global malic Acid.

What are the significant applications of malic Acid?

The major significant applications of the malic acid industry are beverage, confectionery, food, and personal care.

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Global Malic Acid Market

What is Malic Acid?

Growth Drivers

Confectioneries has escalated the demand for Malic Acid

Opportunities

Increasing Benefits for Skin

Restraints

Lack of Research in Supplements & Skincare Products

Pre Covid-19 Impact on Global Malic Acid Market

Covid-19 Impact on Global Malic Acid Market

Post Covid-19 Impact on Global Malic Acid Market

By Type Segmental Analysis

By Application Segmental Analysis

By Regional Segmental Analysis

Competitors Analysis

Recent Developments

Scope of the Report

Market Modelling

Report Content

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