With a projected value of USD 386.13 million in 2022, the global malic acid market is anticipated to grow at a compound annual growth rate (CAGR) of 9.43% to reach USD 663.17 million by 2028.
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"The Global Malic Acid Market 2018-2028 (USD Million)")
Key factor expected to drive the malic acid market growth over the forecast spell is extensive usage of the product in several industries for instance pharmaceutical, food as well as personal care. Another major reason that is probable of boosting the malic acid market growth in upcoming years is rising demand for added preservative in the food & beverage sector. On the other hand, stringent regulations by government related to its usage in food & beverages is projected to restrain the growth of global malic acid market in upcoming years.
The global market of malic acid has been segmented by different types, sizes, applications and geography. Further, types segment of the market has been sub-segmented into D-malic acid, L-malic acid and DL-malic acid. Likewise, size segment of the malic acid market across the globe has been bifurcated into fine, dust, granular and special fine. Similarly, application segment of the market is divided into food & beverages, personal care products, pharmaceuticals, paints & soaps, construction, electroplating and others. Food & beverages division of application segments is expected to account for the largest malic acid market share in terms of consumption over the forecast period.
Geographically, global malic acid industry has broadly been classified into several key regions including Latin America, North America, Europe, Asia-Pacific and Middle East & Africa. The market of Asia pacific region leads the global market acquiring the highest share in terms of consumption of malic acid. Also, the United States is witnessing a rising demand for the product trailed by Europe. Moreover, increasing disposal income in the developing economies is propelling the demand for luxury, therefore fueling malic acid market growth in upcoming years.
Some of the key players operating in the competitive landscape of malic acid market across the world include Wego Chemical & Mineral Corp., Bartek Ingredients, Inc, Polynt SpA, Taiyuan Qiaoyou Chemical Industrial Co. Ltd, Thirumalai Chemicals Ltd. (TCL), Isegen South Africa (Pty) Ltd, Lonza, U.S. Chemicals LLC, Prinova, Yongsan Chemicals, Miles Chemical, Changmao Biochemical Engineering Company Limited, Fuso Chemical Co. Ltd, Anhui Sealong Biotechnology Co. Ltd and The Chemical Company (TCC).
Malic Acid Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 663.17 million |
| Growth Rate | CAGR of 9.43 % during 2018-2028 |
| Segment Covered | By Types,Sizes ,Applications Geographical . |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Wego Chemical & Mineral Corp., Bartek Ingredients, Inc, Polynt SpA, Taiyuan Qiaoyou Chemical Industrial Co. Ltd, Thirumalai Chemicals Ltd. (TCL), Isegen South Africa (Pty) Ltd, Lonza, U.S. Chemicals LLC, Prinova, Yongsan Chemicals, Miles Chemical, Changmao Biochemical Engineering Company Limited, Fuso Chemical Co. Ltd, Anhui Sealong Biotechnology Co. Ltd and The Chemical Company (TCC). |
Key segments of the global malic acid market include:
- Types segment:
- D-malic acid
- L-malic acid
- DL-malic acid
- Sizes Segment
- Fine
- Dust
- Granular
- Special fine
- Applications Segment
- Food and Beverages
- Personal care products
- Pharmaceuticals
- Paints and Soaps
- Construction
- Electroplating
- Others
- Geographical Segment
- North America
- U.S
- Canada
- Europe
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
- Asia-Pacific
- China
- India
- Japan
- Australia
- Others
- Latin America
- Argentina
- Brazil
Frequently Asked Questions (FAQ) :
The application of the malic acid market food & beverages, personal care products, pharmaceuticals, paints & soaps, construction, electroplating and other.
The major players are Wego Chemical & Mineral Corp., Bartek Ingredients, Inc, Polynt SpA, Taiyuan Qiaoyou Chemical Industrial Co. Ltd, Thirumalai Chemicals Ltd. (TCL), Isegen South Africa (Pty) Ltd, Lonza, U.S. Chemicals LLC, Prinova, Yongsan Chemicals, Miles Chemical.
The base year for the report is 2023 in malic acid market.