Global Malic Acid Market Information: by Type (DL-Malic Acid, L-Malic Acid, and D (+)-Malic Acid), by End Use Industry (Food & Beverage, Personal Care, Pharmaceutical, and Others), and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East &Africa) - Forecast till 2023
Pune, India -- (SBWIRE) -- 04/16/2018 -- Malic Acid is a colorless or crystal-like powder. It belongs to dicarboxylic acids and has a chemical formula, C4H6O5. The product is soluble in water and alcohol. It is naturally obtained from watermelons, apples, and vegetables. Malic acid is employed to improve the tartness and flavor across several beverage, bread, and sweet shops.
The worldwide Malic Acid Market is set to achieve a size of around USD 218 million by 2023. It could grow at a CAGR of nearly 4.8 percent over the forecast period. This may be ascribed to its demand from the sector of foods & beverages due to its antimicrobial, flavor-improvement, & pH regulating features.
The industry is anticipated to earn USD 218 million by 2023. It can grow at around 4.8 percent CAGR during 2017 to 2023 (forecast period). Malic Acid is available in two forms. These comprise L-malic acid and D-malic acid. L-Malic Acid is found in its natural state. On the other hand, a blend of L & D-malic acids is generated artificially. Malic Acid is commonly used in food preservatives, boosting industry revenues.
The product is commercially prepared from maleic anhydride. This method entails maleic anhydride's double hydration to make a racemic blend of 2 malic acid isomers. This blend is found in a grain-like, white crystalline form at room temperature. It dissolves easily in organic solvents and forms a standardized water-blend. Malic acid offers extended product durability, with its excellent abilities.
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High usage of convenience beverages and foods as a consequence of the global burgeoning populace is propelling the industry. Moreover, malic acid is gradually substituting antibiotics, raising the demand for animal feed. Further to this, the advent of modern-day constituents across foods & beverages has opened novel prospects for preservatives and flavorings. Malic Acid readily replaces citric acid in the detergents sector.
Thus, cleaning & detergent applications provide massive scope to the industry. Malic acid provides a good taste to food & beverage products. It consistently assists in the compensation for undesirable tastes. Rising intake of fortified protein beverages has propelled the demand for malic acid. Functional and sports foods are also growing in developed regions. Awareness regarding health and other lifestyle diseases has also led to higher product demand.
The market is divided on the basis of applications, kinds, and geographical regions. Personal care, pharmaceuticals, food & beverages, etc. form the applications. The different kinds are L-malic acid, DL-malic acid, and D+ malic acid. Various geographies consist of Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific occupied the largest shares owing to expansion in its application industries.
Intended Target Customers and Innovations
Business executives and investors, suppliers & manufacturers, chemical consulting firms, and regulatory organizations are the intended target customers of the worldwide market. Many innovative and technologically-advanced malic acid products have been introduced. They focus on gaining customer-satisfaction and global traction.
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