Global malic acid market is expected to cross US$ 1.35 Bn by 2031, expanding at a CAGR of 4.4% during the forecast period 2021 - 2031
Malic Acid Market: Introduction
Transparency Market Research delivers key insights on the global malic acid market. In terms of revenue, the global malic acid market is estimated to expand at a CAGR of 4.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global malic acid market.
The emergence of bio-based chemicals is likely to hamper the global malic acid market during the forecast period. Increase in the demand for malic acid in the food & beverages industry is anticipated to drive the global malic acid market over the next decade, as malic acid is extensively employed in the food & beverages industry.
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Malic Acid Market: Prominent Regions
Asia Pacific dominates the global malic acid market. The demand for juices & beverages and confectionery products is estimated to rise at a rapid pace between 2021 and 2031. This is expected to boost the demand of malic acid in Asia Pacific.
China is anticipated to be a highly attractive country of the malic acid market in Asia Pacific during the forecast period. The food & beverages sector in China is witnessing strong growth, owing to rise in income of the people. This has led to an increase in the demand for food additives, which, in turn, is augmenting the malic acid market in the country.
North America is likely to be another highly attractive region for malic acid during the forecast period. The U.S. held a major share of the malic acid market in North America in 2020. Investments in the healthcare & personal care sector have increased in the U.S. in the recent years. This is driving the demand for malic acid in the medicinal & personal care sector in the country.
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Malic Acid Market: Key Players
Major players operating in the global malic acid market are Bartek Ingredients Inc., Changmao Biochemical Engineering Co. Ltd, Fuso Chemicals Co., Ltd, Isegen South Africa (Pty) Ltd, Thirumalai Chemicals Co. Ltd, Anhui Sealong Biotechnology Co., Ltd, Prinova Group LLC., YONGSAN CHEMICALS, INC., Polynt SpA, Miles Chemical, and Zhonglan Industry Co.,Ltd.
Global Malic Acid Market: Segmentation
Malic Acid Market, by Type
Malic Acid Market, by Form
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Malic Acid Market, by Application
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets.
Nov 04, 2022
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