Malic acid can be found in unripe fruits as a crystalline compound. Malic acid is present in all living organisms. It is obtainable in the crystalline form and is widely utilized as esters and salt. Malic acid is also called as malates. It has a sour taste and is extensively utilized as a food additive. The fundamental functions of malic acid are to check and retain the level of pH as well as it also assists to prevent micro-organisms’ growth. It has wide-ranging use in personal care and food industry.
As per the report, the worldwide malic acid market was valued at 72.12-kilotons in 2015 and is anticipated to attain at 96.83-kilo tons in 2021, expanding at a CAGR of 4.3% between 2016 and 2021.
The major factor fueling the growth of the worldwide malic acid market is the extreme rising stipulate for the processed food, confectionaries, and convenience around the world. Consent for malic acid by watchdogs such as Food Safety and Standards Authority of India (FSSAI), European Food Safety Authority (EFSA), and the Food and Drug Administration (FDA) is anticipated to increase the infiltration of malic acid in the coming period. Nevertheless, the instability in the costs of raw material is projected to hamper the growth of the malic acid market. However, the rising usage of malic acid in personal care and medical industries is expected to produce new avenues for the manufacturer of malic acid in the coming period.
The global malic acid market, on the basis of type segment, is divided into DL-malic acid, D-malic acid, and L-malic acid. Among all, the L-malic acid governed the worldwide malic acid market and has a noteworthy share of the complete volume utilization in 2015. Furthermore, the DL-malic acid is anticipated to be a rapidly developing segment of the market in the coming period. It has the wide array of applications and increasing infiltration of DL-malic acid in the food and cosmetic industry is anticipated to assist the noteworthy growth of the malic acid market. The key applications of the malic acid market consist of beverages, food, personal care, pharmaceutical, confectionaries, and others applications.
The Asia Pacific was a dominating the worldwide malic acid market in 2015. It marked a share of over 40.0% of the malic acid market. In addition, the existence of food industry and the budding beverages industry particularly in India, China, and Malaysia are expected to log the highest growth in the near future. Moreover, North America and Europe are anticipated to have momentous growth in the coming period as a result of the mounting stipulate for flavored beverages in these regions. Also, Latin America and the Middle East are estimated to have noteworthy growth owing to the increasing disposable income in BRIC nations and Brazil.
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Few of the key players in the worldwide malic acid market consist of the Chemical Company, Thirumalai Chemicals Ltd, U.S. Chemicals LLC, Novozymes, BartekIngredients Inc., FUSO Chemical Co. Ltd, and Polynt, Prinova LLC, among others.