Malic Acid Market Size to grow by 85.67 thousand t between 2023-2027

The Malic Acid Market is segmented by Product (L-malic acid, D-malic acid, and DL-malic acid), Application (Beverages, Confectionaries and food, Personal care and cosmetics, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2023-2027 published by Technavio, the market size is estimated to grow by 85.67 thousand t, at a CAGR of 7.33% during the forecast period. There are several companies that are contributing to the market as per this report. Evolution of malic acid in food and beverages industry .

By Product, the L-malic acid segment is projected to dominate the market size in 2024

In the global malic acid market, L-malic acid emerged as the leading segment in 2022, accounting for the largest market share. This dominance is attributed to the significant demand for L-malic acid in various industries, particularly in food production. L-malic acid, an naturally occurring enantiomer, is valued for its role as an acidity regulator, antioxidant, and taste enhancer in food products containing fruit ingredients. Its natural presence helps maintain the authentic color of juices and offers health benefits, including liver, kidney, and heart protection. The market trend is expected to continue during the forecast period, with L-malic acid's versatile applications and health benefits driving its demand.

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By Application, Beverages segment is expected to hold the largest market size for the year 2024

The beverages segment dominates the global malic acid market, accounting for the largest share during the forecast period. Malic acid plays a crucial role in enhancing fruit flavors in beverages, particularly in carbonated drinks, by prolonging their release. acting as a flavor blender, it creates a smoother and more natural-tasting profile. Malic acid's sourness exceeds that of other acidulants, making it a preferred choice in low-calorie beverages and apple drinks for flavor enhancement and color stabilization over extended periods.

Why is APAC forecasted to hold the largest regional market size in 2024?

The Asia Pacific (APAC) region emerged as the largest geographical segment of the global malic acid market in 2022, accounting for a significant market share. This trend is anticipated to persist throughout the forecast period, with the APAC malic acid market exhibiting a robust growth rate. The burgeoning demand for processed food products in the region, driven by the rapidly expanding food processing industry, is a key factor fueling market expansion. For instance, India's food processing industry, which is one of the largest in APAC, is projected to reach a value of USD535 billion by 2025, as per the India Brand Equity Foundation (IBEF).

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Research Analysis Overview

The Malic Acid market is a significant segment of the specialty chemicals industry, under the umbrella of Diversified Materials. Malic acid, a naturally occurring organic acid, is widely used in various industries, including food processing, personal care, and confectionery. It is commonly found in apples and other fruits and is used as a souring agent in food and beverages, such as apple juice, soft drinks, and wine. Two primary forms of malic acid are DL-malic acid and D-malic acid, with DL-malic acid being the most commonly used form. Malic acid is also used as a sour conditioner in the production of ethanol. In the personal care industry, it is used as an antioxidant and a pH adjuster in cosmetics and toiletries. Malic acid is also used as a substitute for lactic acid and citric acid in certain applications. It is produced through various methods, including fermentation and chemical synthesis using butane and benzene. The European Food Safety Authority (EFSA) has approved the use of malic acid as a food additive. Other organic acids, such as L-malic acid, are also used in specific applications. In summary, the Malic Acid market is a dynamic and diverse sector of the specialty chemicals industry, with applications ranging from food processing and personal care to the production of ethanol and other industrial applications. Its unique properties and versatility make it an essential ingredient in various industries, and its production methods continue to evolve to meet the changing demands of consumers and markets.

Market Research Overview

The global malic acid market is a segment of the broader commodity chemicals industry, encompassing businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Technavio's market analysis for the global commodity chemicals market considers the consolidated revenue of these manufacturers. Key growth drivers for the commodity chemicals sector include the expanding construction industry, which stimulates demand for chemicals used in paints, pigments, and other construction materials. - The Malic Acid Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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