This market research report presents a comprehensive segmentation of the global malic acid market by application (beverages, confectionery and food, meat processing, textiles, and detergents) and by geography (APAC, Europe, Central and South America, North America, and ROW). The leading companies in the market are Anhui Sealong, Bartek, Changmao Biochemical, FUSO, Polynt, Thirumalai Chemicals, and Yongsan Chemicals.
Technavio’s market research analysts estimate the global malic acid market to grow at a CAGR of around 5% between 2015 and 2019, owing to increased demand of malic acid in packaged food and bakery items. APAC covers around 45% of the total market share and is the leading market of malic acid consumption. Rapid economic development and rise in disposable income are primarily driving this region’s growth. China is the largest consumer of malic acid products in APAC.
The beverages segment dominates the global malic acid market, occupying around 48% of the total market share. This market study estimates this segment to consume around 41 kilotons of malic acid during the forecast period. Malic acid is significantly used in powdered mixes in sports drinks and dry soup mixes due to its fast dissolution rate and flavor enhancement abilities.
Segmentation of global malic acid market 2019
Source: Technavio Research
“Rise in health consciousness among consumers have led to preference for chemical-free foods. People are increasingly opting for natural food ingredients like malic acid. Malic acid in functional foods and beverages prevents diabetes and helps in the treating fibromyalgia. Also, many food-processing companies are increasingly using malic acid as preservative and additive in processed food to reduce various lifestyle disorders. Besides, being extracted naturally from fruits, malic acid is also industrially manufactured,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
The leading vendors in the global malic acid market include Anhui Sealong, Bartek, Changmao Biochemical, FUSO, Polynt, Thirumalai Chemicals, and Yongsan Chemicals. The market is highly competitive with the entry of private vendors into the market. The market is predicted to witness an increased number or mergers and R&D during the forecast period.
A more detailed analysis is available in the Technavio report, Global Malic Acid Market 2015 – 2019.
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