Our latest research report entitled Malic Acid Market (by type (d-malic acid, l-malic acid, and dl-malic acid), end-user (food and beverages, personal care, pharmaceuticals, chemical, and other end-users)) provides complete and deep insights into the market dynamics and growth of Malic Acid. Latest information on market risks, industry chain structure Malic Acid cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Malic Acid growth factors.
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Rise in the Application of Malic Acid in the Animal Feed Industry is Expanding the Growth
The chemical industry has been growing significantly with the expansion of end-use industries. A lot of chemicals have found their application in various end-use industries, which boosts the growth of the market. Chemicals such as malic acid, which are naturally available are gaining popularity due to their fewer side effects and ease of availability. The malic acid market is highly fragmented in nature owing to a number of international as well as local market players competing with each other for the market share. The key market players including Fuso Chemicals Co., Ltd., Bartek Ingredients Inc., Novozymes A/S, Isegen South Africa (Pty) Ltd, Thirumalai chemicals Ltd., Polynt S.p.A. and others are focusing on acquisitions and mergers strategies to expand their global customer base.
The high demand from the food and beverage industry is majorly driving the global malic acid market. Malic acid is mainly used as a food additive to improve the taste of the food and to increase their shelf life. Changing lifestyle, rise in disposable income of consumers, growing working women population, and rapid urbanization is leading to the adoption of convenience and ready-to-eat food products, which in turn increase the demand of malic acid.
Moreover, the rise in the application of malic acid in the animal feed industry is expanding the growth of the malic acid market. Due to the antimicrobial properties and pH controlling ability of malic acid, it is steadily replacing antibiotics in animal feed. Furthermore, the exponentially growing personal care industry is expected to boost the malic acid market. However, side effects from overconsumption of malic acid are the major restraining factor for the growth of the malic acid market. Nevertheless, the emergence of innovative ingredients in the food and beverage industry is expected to offer lucrative opportunities for the key players in the malic acid market.
Asia Pacific Generated the Highest Revenue for Malic Acid
In terms of region, Asia Pacific generated the highest revenue for malic acid, dominating the global market. The largest market share of the Asia Pacific region in the global malic acid market attributed to the population explosion, rapid urbanization, growing food and beverages industry, and high end-use industry penetration in the countries such as China, India, Korea, and Thailand. Moreover, the presence of the substantial number of producers coupled with cheap labor cost is expected to boost the growth of the malic acid market in this region.
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Report on Global Malic Acid Market Covers Segments such as Type, and End-User
On the basis of type, the sub-markets include d-malic acid, l-malic acid, and dl-malic acid. On the basis of end-user, the sub-markets include food and beverages, personal care, pharmaceuticals, chemical, and other end-users.
The report provides profiles of the companies in the market such as Fuso Chemicals Co., Ltd., Bartek Ingredients Inc., Novozymes A/S, Isegen South Africa (Pty) Ltd, Thirumalai chemicals Ltd., Polynt S.p.A., Purac AB, Wego Chemical & Mineral Corp., Changmao Biochemical Engineering Co., LTD, Yongsan Chemicals, Inc., and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-malic-acid-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Malic Acid.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.