Malic Acid Market Size and Growth Rate:
According to the Research Report by Research Cosmos, The
Global Malic Acid Market Size is projected to reach USD 217.8 million by
2023 with 4.70% CAGR during the forecast period from 2017 to 2023.
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Malic Acid Market @ https://www.researchcosmos.com/reports/malic-acid-market-analysis-by-type-dl-malic-acid-l-malic-acid-and-d-malic-acid-by-end-use/509852834
Malic Acid Market Overview:
Malic acid
is produced commercially as maleic anhydride. This process involves the double
hydration of the maleic anhydride to produce a racemic mixture of the two
isomers of malic acid. It exists in the form of a white crystal at room
temperature. It forms a homogeneous mixture with water and is easily soluble in
organic solvents such as ethanol.
Malic Acid Market Growth Drivers, Challenges and Opportunities:
Malic acid
is used primarily as a food additive to improve the spice (acidity). More time
can be stored in products with antibacterial and pH control capabilities.
Therefore, it is used to conserve food and beverages. The market for malic acid
is expanding with the growing adoption of beverages and convenience foods due
to the growth of the urban population. In addition, malic acid constantly
replaces antibiotics in animal nutrition and, therefore, also increases the
demand for animal feed. However, it is expected that the volatility of raw
material costs will be a major deterrent factor for global markets. In
addition, the evolution of new innovative ingredients in the food and beverage
industry opens up new opportunities for spices and preservatives such as
maltose. Malic acid easily replaces the citric acid in the detergent industry,
so cleaner applications and detergents offer new opportunities in the world
market.
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Malic Acid Market Geographic Segmentation:
Geographically,
the Asia-Pacific region has led the world market and is expected to maintain
market dominance in the future. In addition, the awareness of health in the
fight against obesity is driving the growth of apples in the United States,
France, Germany and the United Kingdom. Due to the significant demand for malic
acid in the food processing industry, it is expected that the MEA market would
thrive in the near future. In countries like India, China, and Malaysia, the
high presence of the food and beverage industry is the dominant factor in the overall
market in Asia-Pacific. Many market participants with a rapidly growing
population in the Asia Pacific are another important factor supporting the growth
of the market in this region. In addition, improvements in the infrastructure
and the technical capacity of the food and beverage industry are expected to
provide potential opportunities all over the world.
Key market players of the Malic
Acid Market:
Some
companies have expanded their production capacity and distribution network.
Multinationals companies are focusing on acquisitions and mergers as the most an important strategy to expand our global customer base. Among the leading
companies in the world market for malic acids are the Chemical Company,
Thirumalai Chemicals Ltd, Bartek Ingredients Inc., Chemicals LLC, Novozymes,
Prinova LLC, Polynti FUSO Chemical Co. Ltd.
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