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- Substantial demand for immunity-boosting ingredients during COVID-19 offers incremental opportunities for functional food manufacturers; malic acid production from renewable substrates opens up several avenues for players in maleic acid market
- Extensive R&D in increasing safety & efficacy of malic acid and its derivatives bolsters their use as organic ingredients in various food and skincare products
ALBANY, N.Y. , Oct. 7, 2021 /PRNewswire/ -- Malic acid and its derivatives have emerged as important platform chemicals that find use in the manufacture of broad spectrum of industrial chemicals. A large proportion of malic acid produced over the decades has been utilized in the food & beverage industry, where it is mostly used in combination with other acids. Of note, in recent years, L-malic has gained attention among dietary supplement manufacturers. The demand for malic acid is likely to gather pace in functional foods, mainly on the back of growing research in improving the safety of the final products. Its substantial use in skincare products also has boosted the growth prospects of the malic acid market.
The bio-based production of malic acid presents substantial avenues for chemical companies, notes a TMR study on the malic acid market. In the past couple of years, the demand for biotechnologically produced L-malic acid has allowed the market players to capture revenues in current and emerging applications. Notably, its use in making bio-based, copolymers and agricultural chemicals will propel new revenue streams in the near future, given the transition of countries from fossil-based to a bio-based economy. The global valuation of the malic acid is projected to cross US$ 1.35 Bn by 2031.
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Key Findings of Malic Acid Market Study
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Malic Acid Market: Regional Growth Dynamics
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Malic Acid Market: Competition Landscape
Some of the key players in the malic acid market are Zhonglan Industry Co.,Ltd., Miles Chemical, Miles Chemical, Polynt SpA, Prinova Group LLC., Thirumalai Chemicals Co. Ltd., Isegen South Africa (Pty) Ltd., Fuso Chemicals Co., Ltd., and Bartek Ingredients Inc.
Global Malic Acid Market: Segmentation
Malic Acid Market, by Type
Malic Acid Market, by Form
Malic Acid Market, by Application
Malic Acid Market, by Region
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