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Global Malic Acid Market Expected to Grow at a CAGR of 5.3% between 2021 and 2026.

According to a new report by EMR titled, 'Global Malic Acid Market Report and Forecast 2021-2026', the global malic acid market reached a value of almost USD 189.5 million in 2020. The market is further expected to grow at a CAGR of 5.3% in the forecast period of 2021-2026 to reach a value of around USD 258 million by 2026.

The global malic acid market is driven by the growing demand from the food and beverage sector globally. Developed economies such as North America and Europe are growing rapidly owing to the rising demand for sports nutrition and functional foods within the regions. The Middle East and Africa is estimated to drive the industry due to the increasing demand for malic acid in the food processing sector.

Bartek Ingredients Inc., the world's largest manufacturer of malic acid and food-grade fumaric acid, announced in March 2021 that it is planning on a 10,000 million tons malic acid capacity expansion, which is expected to be completed in Q1 2021. Further, the expansion of food markets, owing to the efficiency of distribution channels like Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) is aiding the market growth of malic acid.

Market Analysis by Product, Application, and Region:

  • The malic acid market, on the basis of product, is divided into L-malic acid, D-malic acid, and DL-malic acid.
  • On the basis of application, the market is segmented into beverages, confectionery and food, and personal care, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global malic acid market is driven by the rising urbanisation and growing health awareness worldwide.
  • The market is further aided by the increasing use of malic acid in animal feed.
  • The increasing demand for sports nutrition and functional foods in the developed economies like North America and Europe is fostering the malic acid market growth.
  • The rapid growth in the food and beverages industry is also fuelling the market growth.
  • Malic acid is used as a substitute for many products, thereby offering a great opportunity for the global malic acid market growth.
  • The market is further accelerated by the rising population in the Asia Pacific region, especially India and China.
  • The increasing demand for malic acid within the food processing sector of the Middle East and Africa is expected to drive the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global malic acid market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product, application, and regional markets of malic acid. 
  • It gives an in-depth look at the regional price trends in the global malic acid market for the periods of (2016-2020) and (2021-2026).
  • It assesses the market based on the SWOT and Porter's Five Forces models.

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, are the key players in the global malic acid market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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