(MENAFN- PR Newswire) NEW YORK, April 24, 2023 /PRNewswire/ --
The global malic acid market size is estimated to grow by 85.67 thousand tons from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.33% during the forecast period. APAC will account for 44% of the market growth during the forecast period. The food processing industry is growing significantly in the region owing to the high demand for processed foods. For instance, as of 2020, the food processing industry in India accounted for 32% of the total food industry in India and contributed 12.8% to the Indian GDP. Malic acid is widely used as an acidulant and flavor enhancer/modifier in the food and beverage industries. It is also used in lowering the pH levels of alcoholic beverages in the production process. Thus, the growth of the food and beverage industry will influence the growth of the malic acid market in APAC during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023
to 2027)
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Technavio has announced its latest market research report titled Global Malic Acid Market 2023-2027

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
  
• Global competitiveness and key competitor positions
  
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Global Malic Acid Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on 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).

• The market growth in the L-malic acid segment will be significant over the forecast period. L-malic acid exists naturally and is in high demand in various applications, especially in food products that contain fruit ingredients. It is used to keep the natural color of the juice and protect the liver, kidneys, and heart. L-malic acid is also used as an acidity regulator, antioxidant, and taste additive. Due to the high advantages and beneficial properties combined with the easy availability due to natural occurrence, the demand for L-malic acid is increasing in various end-user applications. All these factors are
  driving
  the growth of the segment.

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023
to 2027)
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Global Malic Acid Market
– Market Dynamics

Key factor driving market growth

The market is driven by the growing demand for processed food. The demand for processed and ready-to-eat food products is increasing among consumers. This can be attributed to improvements in economic conditions and disposable incomes in developed and developing countries worldwide. In addition, rapid urbanization and evolving dietary habits have increased the demand for frozen foods, confectionaries, and packaged food products. Moreover, the longer shelf life of these food products is increasing their popularity among the working population. Malic acid is used as a flavor enhancer in a variety of food products, including confectionaries, beverages, fruit preparations and preserves, desserts, and bakery products. All these factors are driving
the growth of the market.

Leading trends influencing the market

The evolution of malic acid in the food and beverages industry is identified as the key trend in the market. The use of malic acid in food and beverages is approved by regulatory authorities such as the US FDA and the Food Safety and Standards Authority of India (FSSAI). This has increased the use of malic acid in various food products. Malic acid functions as an acidulant and taste enhancer in ready-to-eat food products and carbonated drinks. It finds extensive use in chocolate manufacturing, especially in the manufacture of hard candies. Its low melting point makes it ideal for use in the preparation of candies. In soft candies such as gummies and jellies, it is used to achieve the desired profile of natural fruit flavor. Such expanding applications of malic acid in the food industry drives the growth of the market.

Major challenges hindering the market growth

The threat from citric acid is identified as the major challenge hindering the market growth. Some of the properties of malic acid and citric acid are similar. Both can be used as flavor enhancers in food and beverage products. According to the US FDA, citric acid is suitable for use for the same purposes that malic acid serves. In addition, citric acid costs less and provides more sourness than malic acid. Such factors are increasing the use of citric acid as a substitute for malic acid, which is challenging the growth of the market.

drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. find more insights in a sample report!

What are the key data covered in this malic acid market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the malic acid market between 2023 and 2027
• Precise estimation of the size of the malic acid market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the malic acid market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of malic acid market vendors

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Malic Acid Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.33%
Market growth 2023-2027	85.67 thousand tons
Market structure	Fragmented
YoY growth 2022-2023 (%)	6.89
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 44%
Key countries	US, China, India, Japan, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Anhui Sealong Biotechnology Co. Ltd., Bartek Ingredients Inc., Corbion NV, Fuso Chemical Co. Ltd., Huntsman Corp., Isegan South Africa Pty Ltd., Kraft Chemical, Lonza Group Ltd., Miles Chemical Co. Inc., Mitsubishi Chemical Corp., Muby Chemicals, Penta Manufacturing Co., Polynt Spa, Spectrum Laboratory Products, Tate and Lyle Plc, The Chemical Co., Thirumalai Chemicals Ltd., YONGSAN CHEMICALS, Zhonglan Industry Co. Ltd., and Changmao Biochemical Engineering Co. Ltd.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents:

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  
  • Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
  
  • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global malic acid market 2017 - 2021
  
  • Exhibit 18: Historic Market Size – Data Table on Global malic acid market 2017 - 2021 (thousand t)

• 4.2 Product Segment Analysis 2017 - 2021
  
  • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 (thousand t)

• 4.3 Application Segment Analysis 2017 - 2021
  
  • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 (thousand t)

• 4.4 Geography Segment Analysis 2017 - 2021
  
  • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand t)

• 4.5 Country Segment Analysis 2017 - 2021
  
  • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand t)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
  
  • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
  
  • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
  
  • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
  
  • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
  • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
  • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
  • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product
  
  • Exhibit 32: Chart on Comparison by Product
  • Exhibit 33: Data Table on Comparison by Product

• 6.3 L-malic acid - Market size and forecast 2022-2027
  
  • Exhibit 34: Chart on L-malic acid - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 35: Data Table on L-malic acid - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 36: Chart on L-malic acid - Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on L-malic acid - Year-over-year growth 2022-2027 (%)

• 6.4 D-malic acid - Market size and forecast 2022-2027
  
  • Exhibit 38: Chart on D-malic acid - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 39: Data Table on D-malic acid - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 40: Chart on D-malic acid - Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on D-malic acid - Year-over-year growth 2022-2027 (%)

• 6.5 DL-malic acid - Market size and forecast 2022-2027
  
  • Exhibit 42: Chart on DL-malic acid - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 43: Data Table on DL-malic acid - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 44: Chart on DL-malic acid - Year-over-year growth 2022-2027 (%)
  • Exhibit 45: Data Table on DL-malic acid - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product
  
  • Exhibit 46: Market opportunity by Product (thousand t)

7 Market Segmentation by Application

• 7.1 Market segments
  • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
  • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application
  
  • Exhibit 49: Chart on Comparison by Application
  • Exhibit 50: Data Table on Comparison by Application

• 7.3 Beverages - Market size and forecast 2022-2027
  
  • Exhibit 51: Chart on Beverages - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 52: Data Table on Beverages - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 53: Chart on Beverages - Year-over-year growth 2022-2027 (%)
  • Exhibit 54: Data Table on Beverages - Year-over-year growth 2022-2027 (%)

• 7.4 Confectionaries and food - Market size and forecast 2022-2027
  
  • Exhibit 55: Chart on Confectionaries and food - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 56: Data Table on Confectionaries and food - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 57: Chart on Confectionaries and food - Year-over-year growth 2022-2027 (%)
  • Exhibit 58: Data Table on Confectionaries and food - Year-over-year growth 2022-2027 (%)

• 7.5 Personal care and cosmetics - Market size and forecast 2022-2027
  
  • Exhibit 59: Chart on Personal care and cosmetics - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 60: Data Table on Personal care and cosmetics - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 61: Chart on Personal care and cosmetics - Year-over-year growth 2022-2027 (%)
  • Exhibit 62: Data Table on Personal care and cosmetics - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
  
  • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
  • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application
  
  • Exhibit 67: Market opportunity by Application (thousand t)

8 Customer Landscape

• 8.1 Customer landscape overview
  
  • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  
  • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
  • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
  
  • Exhibit 71: Chart on Geographic comparison
  • Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
  
  • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
  • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
  
  • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
  • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
  
  • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
  • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
  
  • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
  • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027
  
  • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
  
  • Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
  • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027
  
  • Exhibit 97: Chart on India - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 98: Data Table on India - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
  • Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027
  
  • Exhibit 101: Chart on US - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
  • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
  
  • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
  • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
  
  • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
  • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
  
  • Exhibit 113: Market opportunity by geography (thousand t)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  
  • Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors
  
  • Exhibit 119: Matrix on vendor position and classification

• 12.3 Anhui Sealong Biotechnology Co. Ltd.
  
  • Exhibit 120: Anhui Sealong Biotechnology Co. Ltd. - Overview
  • Exhibit 121: Anhui Sealong Biotechnology Co. Ltd. - Product / Service
  • Exhibit 122: Anhui Sealong Biotechnology Co. Ltd. - Key offerings

• 12.4 Bartek Ingredients Inc.
  
  • Exhibit 123: Bartek Ingredients Inc. - Overview
  • Exhibit 124: Bartek Ingredients Inc. - Product / Service
  • Exhibit 125: Bartek Ingredients Inc. - Key offerings

• 12.5 Changmao Biochemical Engineering Co. Ltd.
  
  • Exhibit 126: Changmao Biochemical Engineering Co. Ltd. - Overview
  • Exhibit 127: Changmao Biochemical Engineering Co. Ltd. - Product / Service
  • Exhibit 128: Changmao Biochemical Engineering Co. Ltd. - Key offerings

• 12.6 Corbion NV
  • Exhibit 129: Corbion NV - Overview
  • Exhibit 130: Corbion NV - Business segments
  • Exhibit 131: Corbion NV - Key news
  • Exhibit 132: Corbion NV - Key offerings
  • Exhibit 133: Corbion NV - Segment focus

• 12.7 Fuso Chemical Co. Ltd.
  
  • Exhibit 134: Fuso Chemical Co. Ltd. - Overview
  • Exhibit 135: Fuso Chemical Co. Ltd. - Product / Service
  • Exhibit 136: Fuso Chemical Co. Ltd. - Key offerings

• 12.8 Isegan South Africa Pty Ltd.
  
  • Exhibit 137: Isegan South Africa Pty Ltd. - Overview
  • Exhibit 138: Isegan South Africa Pty Ltd. - Product / Service
  • Exhibit 139: Isegan South Africa Pty Ltd. - Key offerings

• 12.9 Miles Chemical Co. Inc.
  
  • Exhibit 140: Miles Chemical Co. Inc. - Overview
  • Exhibit 141: Miles Chemical Co. Inc. - Product / Service
  • Exhibit 142: Miles Chemical Co. Inc. - Key offerings

• 12.10 Mitsubishi Chemical Corp.
  
  • Exhibit 143: Mitsubishi Chemical Corp. - Overview
  • Exhibit 144: Mitsubishi Chemical Corp. - Business segments
  • Exhibit 145: Mitsubishi Chemical Corp. - Key news
  • Exhibit 146: Mitsubishi Chemical Corp. - Key offerings
  • Exhibit 147: Mitsubishi Chemical Corp. - Segment focus

• 12.11 Muby Chemicals
  • Exhibit 148: Muby Chemicals - Overview
  • Exhibit 149: Muby Chemicals - Product / Service
  • Exhibit 150: Muby Chemicals - Key offerings

• 12.12 Polynt Spa
  • Exhibit 151: Polynt Spa - Overview
  • Exhibit 152: Polynt Spa - Product / Service
  • Exhibit 153: Polynt Spa - Key offerings

• 12.13 Spectrum Laboratory Products
  
  • Exhibit 154: Spectrum Laboratory Products - Overview
  • Exhibit 155: Spectrum Laboratory Products - Product / Service
  • Exhibit 156: Spectrum Laboratory Products - Key offerings

• 12.14 Tate and Lyle Plc
  • Exhibit 157: Tate and Lyle Plc - Overview
  • Exhibit 158: Tate and Lyle Plc - Business segments
  • Exhibit 159: Tate and Lyle Plc - Key news
  • Exhibit 160: Tate and Lyle Plc - Key offerings
  • Exhibit 161: Tate and Lyle Plc - Segment focus

• 12.15 The Chemical Co.
  • Exhibit 162: The Chemical Co. - Overview
  • Exhibit 163: The Chemical Co. - Product / Service
  • Exhibit 164: The Chemical Co. - Key offerings

• 12.16 Thirumalai Chemicals Ltd.
  
  • Exhibit 165: Thirumalai Chemicals Ltd. - Overview
  • Exhibit 166: Thirumalai Chemicals Ltd. - Business segments
  • Exhibit 167: Thirumalai Chemicals Ltd. - Key offerings
  • Exhibit 168: Thirumalai Chemicals Ltd. - Segment focus

• 12.17 YONGSAN CHEMICALS
  • Exhibit 169: YONGSAN CHEMICALS - Overview
  • Exhibit 170: YONGSAN CHEMICALS - Product / Service
  • Exhibit 171: YONGSAN CHEMICALS - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  
  • Exhibit 172: Inclusions checklist
  • Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$
  
  • Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 175: Research methodology
  • Exhibit 176: Validation techniques employed for market sizing
  • Exhibit 177: Information sources

• 13.5 List of abbreviations
  
  • Exhibit 178: List of abbreviations

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