The Malic Acid Market size was valued at USD 228.16 Million in 2023 and is expected to grow to USD 346.41 Million by 2031 and grow at a CAGR of 5.4% over the forecast period of 2024-2031.
Malic acid is an organic compound that is also called an alpha hydroxy acid. The molecular formula of malic acid is C4H6O5. Malic acid is found in certain fruits and wines. Malic acid is acidic and sour in nature. When malic acid is applied to the skin it helps to clear away the dead skin cells. In a dry mouth, people’s sourness of malic acid helps to make more saliva. Malic acid is also used in the energy-making process i.e Krebs cycle.
Get more information on Malic Acid Market - Request Sample Report
A good source of malic acid is fruits such as apples, bananas, mangoes, grapes, cherries, oranges, strawberries, and nectarines and vegetables such as Broccoli, beans, carrots, peas, and potatoes. Malic acid is also present in carbonated and non-carbonated drinks, fruit-flavored drinks, alcoholic beverage, apple cider and wine, iced tea, chewing gums, bakery products with fruit filling, soft candies, and Frozen Food. Malic acid can also be consumed as a supplement.
Malic acid is a key ingredient mostly used in skincare essentials and anti-aging creams. Malic acid helps to brighten the skin and enhances the complexion and texture of the skin due to the presence of bioactive compounds in malic acid. Malic acid also helps to clear dead skin cells and heal acne by balancing the pH of the skin. In addition, it acts as a humectant which helps to keep the skin hydrated and nourished.
The COVID-19 pandemic had a negative impact on the malic acid market. Malic Acid is a vital ingredient in the food and beverage industry, and its demand has been affected by the pandemic. The pandemic has caused disruptions in the supply chain, leading to a shortage of raw materials and a decrease in production. This has resulted in an increase in the price of Malic Acid, making it difficult for manufacturers to maintain their profit margins.
Furthermore, the pandemic has led to a shift in consumer behavior, with people becoming more health-conscious and opting for healthier food and beverage options. This has led to a decrease in the demand for products that contain Malic Acid, such as carbonated drinks and processed foods.
Drivers
Rising demand for malic acid in various end-use industries
Increasing demand for natural additives in food products
Rising demand for functional and beneficial beverages
Rising awareness regarding the use of malic acid in healthcare sectors
Malic acid acts as an acidulant and flavoring agent in the food processing industry. Due to its excellent blending and flavor-enhancing properties, it is used in various applications in the food and beverage industry. Moreover, due to the increasing number of start-ups the food and beverage industry is growing rapidly which leads to an increase in demand for malic acid and boosts the malic acid market. In addition, malic acid is used as an excipient and flavoring agent in the pharmaceutical industry. This application of malic acid drives the market for it in the healthcare sector.
Restrain
Fluctuation in the raw material prices
Opportunities
Shifting preference of customers toward consuming ready-to-eat and drink convenience food products and beverages
Challenges
High initial investment during the establishment of the malic acid production plant
The ongoing conflict between Russia and Ukraine has had a significant impact on various industries, including the malic acid market. Malic acid is a common food additive used in the production of beverages, confectionery, and baked goods. It is also used in the pharmaceutical industry as a flavoring agent.
The war has disrupted the supply chain of malic acid, as Ukraine is one of the major producers of the acid. The conflict has led to a decrease in the production and export of malic acid from Ukraine, resulting in a shortage of supply in the global market. This has caused an increase in the price of malic acid, making it more expensive for manufacturers to produce their products.
The global recession has had a significant impact on the malic acid market. Malic acid is a naturally occurring organic acid that is commonly used in the food and beverage industry as a flavor enhancer, Food Preservative, and acidulant. The recession has caused a decline in demand for malic acid due to a decrease in consumer spending and a slowdown in the food and beverage industry. As a result of the recession, many companies have reduced their production of malic acid, leading to a decrease in supply. This has caused prices to rise, making it more difficult for smaller companies to afford malic acid. Additionally, the recession has led to a decrease in research and development in the malic acid industry, which could have long-term effects on the market.
By Type
L-Malic Acid
D-Malic Acid
DL-Malic Acid
By Application
Pharmaceuticals
Personal Care & Cosmetics
Textiles
Metals
Others
Get Customized Report as per your Business Requirement - Request For Customized Report
Asia Pacific region dominated the malic acid market with a revenue share of about 43.50% in 2023. The growth of this region is attributed to the increase in the demand for malic acid in various end-use industries such as food & beverages, pharmaceuticals, and personal care & cosmetics. In this region, India, China, and Japan are the ley manufacturing economies that contribute major to the revenue share. The increasing disposable income and purchasing capacity of the population in these countries increases the demand for products from the food & beverage, pharmaceutical, and personal care & cosmetics industries which further drive the market for malic acid. Nowadays in India, food & beverage start-ups are growing rapidly which is expected to propel the malic acid market in the upcoming years.
North America region is also expected to grow exponentially with a significant CAGR during the predicted period. The increasing popularity of ready-to-drink beverages and ready-to-eat packaged foods and the presence of various end-use industries in this region drive the malic acid market in this region. The rapidly growing pharmaceutical industries in countries like USA and Mexico are boosting the growth of the market in this region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Bartek Ingredients Inc., Fuso Chemical Co., Ltd., Isegen South Africa (Pty.), Ltd., Anhui Sealong Biotechnology Co., Ltd., Thirumalai Chemicals Ltd., Yongsan Chemicals, Polynt, Lonza, Prinova Group LLC, Nacalai Tesque, Inc., Guangzhou ZIO Chemical Co., Ltd., and other key players mentioned in the final report.
Bartek Ingredients Inc. the global leader in malic acid production constructed a new state-of-the-art production facility and celebrated its grand opening in Jan 2023. This production plant will be the largest and most technologically advanced plant in the world.
| Report Attributes | Details |
| Market Size in 2023 | US$ 228.16 Mn |
| Market Size by 2031 | US$ 346.41 Mn |
| CAGR | CAGR of 5.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (L-Malic Acid, D-Malic Acid, DL-Malic Acid) • By Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Textiles, Metals, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Bartek Ingredients Inc., Fuso Chemical Co., Ltd., Isegen South Africa (Pty.), Ltd., Anhui Sealong Biotechnology Co., Ltd., Thirumalai Chemicals Ltd., Yongsan Chemicals, Polynt, Lonza, Prinova Group LLC, Nacalai Tesque, Inc., Guangzhou ZIO Chemical Co., Ltd., and other |
| Key Drivers | • Rising demand for malic acid in various end-use industries • Increasing demand for natural additives in food products |
| Market Opportunities | • Shifting preference of customers toward consuming ready-to-eat and drink convenience food products and beverages |
The expected market size of the Malic Acid Market is 346.41 USD Million in 2031.
The expected CAGR of the global Malic Acid Market during the forecast period is 5.4%
The key players of the Malic Acid Market are Bartek Ingredients Inc., Fuso Chemical Co., Ltd., Isegen South Africa (Pty.), Ltd., Anhui Sealong Biotechnology Co., Ltd., Thirumalai Chemicals Ltd., Yongsan Chemicals, Polynt, Lonza, Prinova Group LLC, Nacalai Tesque, Inc., and Guangzhou ZIO Chemical Co., Ltd.
Asia-Pacific region contributes major to the Malic Acid Market.
Rising demand for malic acid in various end-use industries, increasing demand for natural additives in food products, rising demand for functional and beneficial beverages, and rising awareness regarding the use of malic acid in healthcare sectors are some key factors that drives the Malic Acid Market globally.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Malic Acid Market Segmentation, By Type
8.1 L-Malic Acid
8.2 D-Malic Acid
8.3 DL-Malic Acid
9. Malic Acid Market Segmentation, By Application
9.1 Food & Beverages
9.2 Pharmaceuticals
9.3 Personal Care & Cosmetics
9.4 Textiles
9.5 Metals
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Malic Acid Market by Country
10.2.2North America Malic Acid Market by Type
10.2.3 North America Malic Acid Market by Application
10.2.4 USA
10.2.4.1 USA Malic Acid Market by Type
10.2.4.2 USA Malic Acid Market by Application
10.2.5 Canada
10.2.5.1 Canada Malic Acid Market by Type
10.2.5.2 Canada Malic Acid Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Malic Acid Market by Type
10.2.6.2 Mexico Malic Acid Market by Application
10.3 Europe
10.3.1 Europe Malic Acid Market by Country
1.3.3.2 Europe Malic Acid Market by Type
10.3.3 Europe Malic Acid Market by Application
10.3.4Germany
10.3.4.1 Germany Malic Acid Market by Type
10.3.4.2 Germany Malic Acid Market by Application
10.3.5 UK
10.3.5.1 UK Malic Acid Market by Type
10.3.5.2 UK Malic Acid Market by Application
10.3.6 France
10.3.6.1 France Malic Acid Market by Type
10.3.6.2 France Malic Acid Market by Application
10.3.7 Italy
10.3.7.1 Italy Malic Acid Market by Type
10.3.7.2 Italy Malic Acid Market by Application
10.3.8 Spain
10.3.8.1 Spain Malic Acid Market by Type
10.3.8.2 Spain Malic Acid Market by Application
10.3.9 The Netherlands
10.3.9.1 Netherlands Malic Acid Market by Type
10.3.9.2 Netherlands Malic Acid Market by Application
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe Malic Acid Market by Type
10.3.10.2 Rest of Europe Malic Acid Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Malic Acid Market by Country
10.4.2Asia Pacific Malic Acid Market by Type
10.4.3 Asia Pacific Malic Acid Market by Application
10.4.4 Japan
10.4.4.1 Japan Malic Acid Market by Type
10.4.4. 2Japan Malic Acid Market by Application
10.4.5. South Korea
10.4.5.1 South Korea Malic Acid Market by Type
10.4.5.2. South Korea Malic Acid Market by Application
10.4.6 China
10.4.6.1 China Malic Acid Market by Type
10.4.6.2. China Malic Acid Market by Application
10.4.7 India
10.4.7.1 India Malic Acid Market by Type
10.4.7.2. India Malic Acid Market by Application
10.4.8 Australia
10.4.8.1 Australia Malic Acid Market by Type
10.4.8.2. Australia Malic Acid Market by Application
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC Malic Acid Market by Type
10.4.9.2. APAC Malic Acid Market by Application
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Malic Acid Market by Country
10.5.2 The Middle East & Africa Malic Acid Market by Type
10.5.3The Middle East & Africa Malic Acid Market by Application
10.5.4 Israel
10.5.7.1 Israel Malic Acid Market by Type
10.5.7.2 Israel Malic Acid Market by Application
10.5.5 UAE
10.5.5.1 UAE Malic Acid Market by Type
10.5.5.2 UAE Malic Acid Market by Application
10.5.6South Africa
10.5.6.1 South Africa Malic Acid Market by Type
10.5.6.2 South Africa Malic Acid Market by Application
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of Middle East & Asia Malic Acid Market by Type
10.5.7.2 Rest of Middle East & Asia Malic Acid Market by Application
10.6 Latin America
13.6.1 Latin America Malic Acid Market by Country
10.6.2. Latin America Malic Acid Market by Type
10.6.3 Latin America Malic Acid Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Malic Acid Market by Type
10.6.4.2 Brazil Malic Acid Market by Application
10.6.5Argentina
10.6.5.1 Argentina Malic Acid Market by Type
10.6.5.2 Argentina Malic Acid Market by Application
10.6.6Rest of Latin America
10.6.6.1 Rest of Latin America Malic Acid Market by Type
10.6.6.2 Rest of Latin America Malic Acid Market by Application
11 Company Profile
11.1 Bartek Ingredients Inc.
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Fuso Chemical Co.
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Isegen South Africa (Pty.), Ltd.
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Anhui Sealong Biotechnology Co.
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Thirumalai Chemicals Ltd.
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Yongsan Chemicals
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Polynt
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Lonza
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Prinova Group LLC
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Nacalai Tesque, Inc.
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Guangzhou ZIO Chemical Co., Ltd.
11.11.1 Market Overview
11.11.2 Financials
11.11.3 Product/Services/Offerings
11.11.4 SWOT Analysis
11.11.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. USE Cases And Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Plant Growth Regulators Market size was valued at USD 3.2 billion in 2023. It is estimated to hit USD 5.45 billion by 2031 and grow at a CAGR of 7% over the forecast period of 2024-2031.
The Drilling Lubricants Market Size was USD 2.5 Billion in 2023 and is expected to reach USD 3.7 Billion by 2032 and grow at a CAGR of 4.6% by 2024-2032.
The Timber Laminating Adhesives Market was worth USD 949.58 million in 2023 and is anticipated to touch USD 1687.89 million by 2032 with CAGR of 6.60% over the period 2024-2032.
The Metal Casting Market Size was valued at USD 33 billion in 2023, and is expected to reach USD 66 billion by 2032, and grow at a CAGR of 8.0% over the forecast period 2024-2032.
The UV stabilizers Market Size was valued at USD 1.36 billion in 2023, and is expected to reach USD 2.106 billion by 2031, and grow at a CAGR of 5.6% over the forecast period 2024-2031.
The Powder Coatings Market Size was valued at USD 15.6 billion in 2023, and is expected to reach USD 24.5 billion by 2032, and grow at a CAGR of 5.1% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
