Toll Free : + 1-888-961-4454 | Int'l : + 91 (788) 802-9103 | support@researchdive.com
MA20118048 |
Pages: 270 |
Aug 2023 |
Malic Acid Overview
A naturally occurring organic chemical is malic acid. It helps give certain meals their acidic or sour flavour. Some wines and fermented goods also contain it. The food and beverage sector uses malic acid in a variety of ways. It is utilised in a variety of products as a flavour enhancer, pH regulator, and acidity regulator. It imparts a tart flavour and supports the balancing of flavours in baked goods, beverages, candies, and processed meals. Additionally, the health and wellness sector makes use of malic acid. It is a typical component of nutritional supplements, especially those made to increase energy generation and ease muscle weariness. It frequently comes in these supplements along with magnesium.
Global Malic Acid Market Analysis
The global malic acid market size was $218.4 million in 2022 and is predicted to grow at a CAGR of 5.3%, by generating a revenue of $363.9 million by 2032.
COVID-19 Impact on Global Malic Acid Market
Global supply chains were hampered by the pandemic, which also affected the malic acid industry. The production and distribution of malic acid were disrupted by transit restrictions, lockdown procedures, and reduced manpower in manufacturing sites. Due to these interruptions, the supply chain faced difficulties such as logistical problems, production slowdowns, and delays in obtaining raw materials.
The food and beverage, pharmaceutical, and cosmetic industries are anticipated to recover as economies expand and consumer confidence rises. Malic acid is heavily used in these industries therefore its recovery will increase demand for it in a variety of applications. Increased consumption of malic acid will be brought on by the restart of restaurant operations, the return of travel and tourism, and the reopening of personal care businesses.
Technological Advancements in Production to Drive the Market Growth
The market is expanding as a result of technological developments in the manufacture of malic acid. The effectiveness and economy of malic acid production have grown thanks to advancements in fermentation procedures, microbial strains, and extraction techniques. These developments have increased manufacturing rates, raised product standards, and opened up new market segments. Malic acid plays a part in the Krebs cycle, which generates energy in the body, and is employed in the creation of energy-boosting vitamins and sports beverages. Given that malic acid is sourced from natural sources, demand for it is further increased by the growing interest in natural and clean label components.
Competition from Substitutes to Restrain Market Growth
Other acids and acidulants, both natural and manufactured, that offer comparable functions and applications compete with malic acid. In some situations, malic acid can be replaced with citric acid, tartaric acid, and other organic acids. Malic acid demand may be impacted by the availability of substitute components, particularly in price-sensitive markets or applications where certain flavour profiles are not necessary. Malic acid's price may fluctuate due to changes in the cost of energy, raw material pricing, and supply-demand dynamics. Volatile pricing can be difficult for manufacturers to manage their costs and set prices, which affects their profit margins and marketability.
Increasing Demand for Clean Label and Natural Ingredients to Drive Excellent Opportunities
Malic acid has a sizable market opportunity due to consumers' increased demand for products with clean labels and natural ingredients in food, drinks, and personal care items. Malic acid is a naturally occurring acid that provides manufacturers with a natural substitute for synthetic acidulants and fits in well with clean label standards. The growing desire for natural and clean-label products has led to the use of malic acid in a range of applications. The market for functional foods and drinks is expanding quickly as a result of growing consumer interest in health and wellbeing. Malic acid is well-positioned to benefit from this trend due to its possible health advantages and function in energy metabolism. To meet consumer needs for improved nutrition, energy, and wellbeing, producers can create creative functional food and beverage items utilising malic acid.
Global Malic Acid Market Share, by Product, 2022
The L-Malic acid sub-segment accounted for the highest share in 2022. L-malic acid is frequently used as an acidulant, flavour enhancer, and pH regulator in the food and beverage sector. The manufacturing of a wide variety of food and beverage products benefits from its sour flavour and capacity to enhance fruit flavours. The desire for processed foods, fizzy drinks, fruit-based products, and confectionary items drives the demand for L-malic acid as an ingredient, particularly in applications where a specific taste character is sought. L-malic acid fits in with the food and beverage industry's clean label and natural ingredient trends. L-malic acid, a naturally occurring acid found in fruits, offers producers a clean label substitute for artificial acidulants. L-malic acid utilisation can assist in satisfying consumer demands for natural and clean-label products, which are becoming more and more popular.
Global Malic Acid Market Share, by Application, 2022
The food & beverages sector accounted for the highest market size in 2022. Malic acid is frequently employed as a taste enhancer and acidulant in the food and beverage industry. It imparts a sour flavour and enhances fruit flavours, making it suitable in a range of applications, such as carbonated beverages, fruit juices, candies, and fruit-based goods. Malic acid is used in these products due to consumer demand for improved flavour profiles and taste experiences. Malic acid maintains acidity levels and increases shelf life in food and beverages by regulating pH. It enhances product preservation and prevents the growth of specific germs. Malic acid is used to ensure microbiological stability and improve product safety in foods that are acidic, such as sauces, dressings, pickles, and canned goods.
Global Malic Acid Market Share, by Region, 2022
The Asia-Pacific malic acid market accounted for the highest market share in 2022. The food and beverage sector is expanding quickly in the Asia Pacific area. International malic acid producers are growing their market share in the Asia Pacific region through strategic alliances, alliances, and partnerships with regional distributors, suppliers, and producers. Through these agreements, producers can better penetrate the market and satisfy the demands of the Asia Pacific region. Infrastructure for food manufacturing and processing is receiving more funding in many nations in the Asia Pacific area. This helps the malic acid industry expand as food producers increase their production capabilities and launch new product lines.
Competitive Scenario in the Global Malic Acid Market
Product development and geographic expansion are major players functioning in the highly competitive global malic acid market. Bartek Ingredient Inc. was purchased by TorQuest Partners, a private equity fund manager based in Canada, in November 2018. The company made the acquisition as a strategic move to expand its capacity and capabilities to better serve its customers as well as to acquire a leading chemical business.
Some of the leading malic acid market players are Bartek Ingredients Inc., Fuso Chemical Co., Ltd., Anhui Sealong Biotechnology Co., Ltd., Isegen South Africa (Pty.), Ltd., Thirumalai Chemicals Ltd., Yongsan Chemicals, Lonza, Polynt, Prinova Group LLC, Guangzhou ZIO Chemical Co., Ltd., and Nacalai Tesque, Inc.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
|
| Segmentation by Application |
|
| Key Companies Profiled |
|
* Taxes/Fees, If applicable will be added during checkout. All prices in USD.
Have a question ?
Enquire To BuyNeed to add more ?
Request Customization