The global Malic Acid market gathered revenue around USD 1.30 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.2% during the prediction period 2021 to 2027.
Growth Factors:
Malic acid and its derivatives have emerged as important platform chemicals that find use in the manufacture of broad spectrum of industrial chemicals. A large proportion of malic acid produced over the decades has been utilized in the food & beverage industry, where it is mostly used in combination with other acids. Of note, in recent years, L-malic has gained attention among dietary supplement manufacturers. The demand for malic acid is likely to gather pace in functional foods, mainly on the back of growing research in improving the safety of the final products. Its substantial use in skincare products also has boosted the growth prospects of the malic acid market.
The bio-based production of malic acid presents substantial avenues for chemical companies, notes a Nova one advisor study on the malic acid market. In the past couple of years, the demand for biotechnologically produced L-malic acid has allowed the market players to capture revenues in current and emerging applications. Notably, its use in making bio-based, copolymers and agricultural chemicals will propel new revenue streams in the near future, given the transition of countries from fossil-based to a bio-based economy
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Malic Acid market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Malic Acid market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 1.30 Billion by 2027 |
Growth Rate | CAGR of 4.2% From 2021 to 2027 |
Base Year | 2020 |
Forecast Period | 2021 to 2027 |
Historic Data | 2017 to 2020 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Type, Form, Application and Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Bartek Ingredients Inc., Changmao Biochemical Engineering Co. Ltd, Fuso Chemicals Co., Ltd, Isegen South Africa (Pty) Ltd, Thirumalai Chemicals Co. Ltd, Anhui Sealong Biotechnology Co., Ltd, Prinova Group LLC., YONGSAN CHEMICALS, INC., Polynt SpA, Miles Chemical, and Zhonglan Industry Co.,Ltd.. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Malic Acid market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Malic Acid Market: Dynamics
The demand for malic acid is increasing in the food & beverages industry. The global food processing industry has been continuously developing and expanding. It is the most demanding industry, as processed food accounts for 80% of global food sales. The packaged food industry is a leading segment of the global food processing industry. The global food processing industry is rapidly expanding, owing to the increase in population and income of the people. It is a highly powerful industry in the world economy. The food processing market is projected to exceed US$ 4.2 Trn by 2025. Malic acid is widely employed in juices & beverages, as it enhances the flavor and offers tart taste to beverages.
End-use industries of malic acid such as food & beverages, medical & personal care, and chemical have been continuously developing and expanding. This is creating lucrative opportunities for the malic acid market. The demand for malic acid is primarily driven by the growth of the food & beverages industry. Manufacturers of malic acid are focusing on production and processing of bio-based L-malic acid to meet the rising demand for the acid in industries.
Bio-based products are derived from plants and other renewable agricultural, marine, and forestry materials. Bio-based products generally provide an alternative to conventional petroleum-derived products and include a diverse range of offerings such as lubricants, detergents, inks, fertilizers, and bio-plastics. Recent findings indicate that environmental concerns regarding dangerous chemicals and fossil fuel depletion are resulting in an increase in the production of bio-based chemicals.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Malic Acid Market include: Bartek Ingredients Inc., Changmao Biochemical Engineering Co. Ltd, Fuso Chemicals Co., Ltd, Isegen South Africa (Pty) Ltd, Thirumalai Chemicals Co. Ltd, Anhui Sealong Biotechnology Co., Ltd, Prinova Group LLC., YONGSAN CHEMICALS, INC., Polynt SpA, Miles Chemical, and Zhonglan Industry Co.,Ltd.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
Global Malic Acid Market: Segmentation
Malic Acid Market, by Type
Malic Acid Market, by Form
Malic Acid Market, by Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Malic Acid market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Malic Acid market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Malic Acid markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Malic Acid Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Malic Acid Market, By Type
7.1. Malic Acid Market, by Type, 2021-2027
7.1.1. Powder
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Liquid
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Malic Acid Market, By Form
8.1. Malic Acid Market, by Form, 2021-2027
8.1.1. L-Malic Acid
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. D-Malic Acid
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. DL-Malic Acid
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Malic Acid Market, By Application
9.1. Malic Acid Market, by Application, 2021-2027
9.1.1. Food & Beverages
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Medicinal & Personal Care
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Chemical (Oil Field & Plastic)
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Others (including Paints and Gypsum Cement Retarders)
9.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Malic Acid Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.2. Market Revenue and Forecast, by Form (2016-2027)
10.1.3. Market Revenue and Forecast, by Application (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Form (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Form (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.2. Market Revenue and Forecast, by Form (2016-2027)
10.2.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Form (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Form (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Form (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Form (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.2. Market Revenue and Forecast, by Form (2016-2027)
10.3.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Form (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Form (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Form (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Form (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.2. Market Revenue and Forecast, by Form (2016-2027)
10.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Form (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Form (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Form (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Form (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.2. Market Revenue and Forecast, by Form (2016-2027)
10.5.3. Market Revenue and Forecast, by Application (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Form (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Application (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Form (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Application (2016-2027)
Chapter 11. Company Profiles
11.1. Bartek Ingredients Inc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Changmao Biochemical Engineering Co. Ltd
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Fuso Chemicals Co., Ltd
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Isegen South Africa (Pty) Ltd
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Thirumalai Chemicals Co. Ltd
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Anhui Sealong Biotechnology Co., Ltd
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Prinova Group LLC.,
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. YONGSAN CHEMICALS, INC
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Polynt SpA
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms