Global Malic Acid Market Propelled by Increasing Demand for Natural Additives
Malic acid is an organic compound, with the molecular formula C4H6O5, that is naturally produced by all living organisms. It is found in most of the fruits including pears, plums, grapes, apples, apricots, peaches, mangoes, strawberries and blackberries. It helps in detoxification, energy generation, treating chronic fatigue syndrome (CFS), enhancing the overall muscle performance and contributing to the sour taste of foods. As it also assists in increasing the shelf-life of packaged food products, malic acid finds vast applications in the food processing industry. According to the global malic acid market report by IMARC Group, the market reached a volume of 81.2 Kilotons in 2018.
The regulatory authorities in several countries, such as the European Food Safety Authority (EFSA), US Food and Drug Administration (USFDA) and Food Safety and Standards Authority of India (FSSAI), have approved the utilization of malic acid in food processing which, in turn, is boosting its overall sales. Additionally, another global malic acid market trend is the increasing usage of the acid in the manufacturing of sugarless confectioneries, which has resulted in its rising demand. Apart from this, malic acid is also employed as a substitute for citric and tartaric acid in the detergent industry, owing to its lower hygroscopicity and higher solubility. Further, it is used in different cosmetics and personal care products as it has antioxidant properties that make the skin healthy. Similarly, in the pharmaceutical industry, it is used in the manufacturing of medical products such as toothpaste, mouthwash, cough syrups, throat lozenges, and health supplements including protein shakes and nutrition bars. Looking forward, the global malic acid market size is expected to reach 102.8 Kilotons by 2024, exhibiting a CAGR of around 4% during 2019-2024.
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DL-Malic Acid Exhibits Dominance
On the basis of the product type, the market has been segmented into L-malic acid, D-malic acid and DL-malic acid. Amongst these, L-malic acid occurs naturally, D-malic acid is generally synthesized in the laboratory and an amalgamation of these two acids is known as DL-malic acid. Currently, DL-malic acid represents the most popular product type, holding the majority of the global market share. It assists in managing muscular discomfort as well as maintaining oral hygiene and healthy energy levels.
Beverages Account for the Majority of the Market Share
Based on the application, the market has been classified into beverages, confectionery and food, personal care, and others. Amongst these, malic acid is extensively utilized in beverages as it is a preferred acidulent in the industry. Moreover, factors such as increasing consumption of liquid as well as powdered beverage and the rising demand for artificial flavoring agents in carbonated drinks are propelling the market growth. Apart from this, with the growing health consciousness, individuals are shifting towards healthier food and beverages which, in turn, is anticipated to bolster the market growth.
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Asia Pacific Represents the Largest Market
Asia Pacific currently represents the largest market for malic acid owing to the rising demand for processed food products and ready-to-drink beverages in economies such as India, China and Japan. This can also be attributed to the growing population and inflating income levels in the region. Additionally, various key players are based in the Asia Pacific region which, in turn, is supporting the growth of the market. Other major markets include North America, Europe, Latin America, and Middle East and Africa.
The competitive landscape of the market has been analyzed with some of the key players being Bartek, Changmao Biochem, Fuso Chemical Co., Ltd., Polynt, Thirumalai Chemicals, Anhui Sealong Biotechnology, Yongsan Chemicals, Miles Chemical, The Chemical Company, Spectrum Chemical, Isegen South Africa, Corbion, Mitsubishi Chemical, Tate & Lyle and Mubychem Group.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global malic acid industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
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