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 2020 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.
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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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