The
global malic acid market is expected to reach USD 244.0
million by 2024, according to a new report by Grand View Research, Inc. The
expanding food and beverage industry globally is anticipated to be a major
factor for substantial industry growth over the next few years. Growing
consumer awareness towards obesity issues has led to increased consumption of
low-calorie beverages which is expected to positively impact the product
demand.
Beverages
accounted for 49.3% of the global malic acid market in 2015. Growing liquid and
powdered beverages consumption along with surging artificial flavorant demand
in carbonated drinks are estimated to drive the product demand in beverages
over the next few years. The increasing confectionery and food processing
facilities, especially in Asia Pacific, North America, and Europe, is yet
another factor anticipated to steer the product demand in the near future.
Browse full
research report on Malic Acid Market: www.grandviewresearch.com/industry-analysis/malic-acid-market
- The global malic acid market demand exceeded 70
kilo tons in 2015 and is anticipated to grow at an estimated CAGR of 4.2%
to reach a total market size of over 102 kilo tons by 2024
- Personal care & cosmetics segment is
expected to grow at a CAGR of 5.7% over the next eight years. The shift in
consumer and product trends in the personal care industry such as
increasing demand for multifunctional personal care & cosmetics products
and naturally derived ingredients are the key factors driving product
demand in this category.
- Asia Pacific is anticipated to experience the
highest growth over the foreseeable future. The region is estimated to
grow at a CAGR of 5.2% over the next eight years.
- China malic acid demand is expected to witness
high growth on account of expanding personal care & cosmetics and
processed food production facilities in the region. The product demand in
confectionery and food sector is expected to reach a net worth exceeding
USD 14 million by 2024.
- Some of the leading industry participants
include Bartek Ingredients, Inc. Fuso Chemicals Co., Ltd, Miles Chemicals,
Thirumalai Chemicals Ltd. (TCL), Lonza, and Polynt. The other key players
include Changmao Biochemical Engineering Company Limited, Isegen South
Africa (Pty), Ltd., Yongsan Chemicals, Prinova, The Chemical Company
(TCC), and Anhui Sealong Biotechnology Co., Ltd.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the global malic acid market on the
basis of end-use, and region:
Global
Malic Acid End-Use Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2024)
- Beverage
- Confectionery
- Personal
care
- Other
Global
Malic Acid Regional Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Germany
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-malic-acid-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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