A recent report published by Infinium Global Research on the malic acid market provides an in-depth analysis of segments and sub-segments in the global as well as regional malic acid market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional malic acid market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global malic acid market. According to the report, the global malic acid market is projected to grow at a CAGR of 6.21% over the forecast period of 2019-2025.
The chemical industry has been growing significantly with the expansion of end-use industries. A lot of chemicals have found their application in various end-use industries, which boosts the growth of the market. Chemicals such as malic acid, which are naturally available are gaining popularity due to their fewer side effects and ease of availability. The malic acid market is highly fragmented in nature owing to a number of international as well as local market players competing with each other for the market share. The key market players including Fuso Chemicals Co., Ltd., Bartek Ingredients Inc., Novozymes A/S, Isegen South Africa (Pty) Ltd, Thirumalai chemicals Ltd., Polynt S.p.A. and others are focusing on acquisitions and mergers strategies to expand their global customer base.
The high demand from the food and beverage industry is majorly driving the global malic acid market. Malic acid is mainly used as a food additive to improve the taste of the food and to increase their shelf life. Changing lifestyle, rise in disposable income of consumers, growing working women population, and rapid urbanization is leading to the adoption of convenience and ready-to-eat food products, which in turn increase the demand of malic acid. Moreover, the rise in the application of malic acid in the animal feed industry is expanding the growth of the malic acid market. Due to the antimicrobial properties and pH controlling ability of malic acid, it is steadily replacing antibiotics in animal feed. Furthermore, the exponentially growing personal care industry is expected to boost the malic acid market. However, side effects from overconsumption of malic acid are the major restraining factor for the growth of the malic acid market. Nevertheless, the emergence of innovative ingredients in the food and beverage industry is expected to offer lucrative opportunities for the key players in the malic acid market.
In terms of region, Asia Pacific generated the highest revenue for malic acid, dominating the global market. The largest market share of the Asia Pacific region in the global malic acid market attributed to the population explosion, rapid urbanization, growing food and beverages industry, and high end-use industry penetration in the countries such as China, India, Korea, and Thailand. Moreover, the presence of the substantial number of producers coupled with cheap labor cost is expected to boost the growth of the malic acid market in this region.
The report on global malic acid market covers segments such as type, and end-user. On the basis of type, the sub-markets include d-malic acid, l-malic acid, and dl-malic acid. On the basis of end-user, the sub-markets include food and beverages, personal care, pharmaceuticals, chemical, and other end-users.
The report provides profiles of the companies in the market such as Fuso Chemicals Co., Ltd., Bartek Ingredients Inc., Novozymes A/S, Isegen South Africa (Pty) Ltd, Thirumalai chemicals Ltd., Polynt S.p.A., Purac AB, Wego Chemical & Mineral Corp., Changmao Biochemical Engineering Co., LTD, Yongsan Chemicals, Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of malic acid market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.