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The malic acid market is estimated to grow by 85.67 thousand tons at a CAGR of 7.33% between 2022 and 2027. The market's growth hinges on several critical factors. Firstly, there is a growing consumer demand for processed foods, driven by factors such as convenience and changing dietary preferences. This demand has led to increasing complexities in the food supply chain, as companies strive to meet evolving consumer needs efficiently. Additionally, regulatory approval from government bodies is essential for ensuring food safety and quality standards are met, which is crucial for consumer trust and market growth. Furthermore, advancements in technology have played a significant role in the market's growth, enabling more efficient food processing methods and improved product quality. The increasing use of automation and data analytics in food processing has also contributed to the market's expansion, allowing companies to streamline operations and meet consumer demands more effectively. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share growth of the L-malic acid segment will be significant during the forecast period. Malic acid has three types of enantiomers, namely L-malic acid, D-malic acid, and DL-enantiomers. Among these, only L-malic acid exists naturally.L-malic held the maximum market share in 2022 due to its 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.
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The L-malic acid segment was valued at USD 86.02 thousand tons in 2017. In food production, L-malic acid is used as an acidity regulator, antioxidant, and taste additive. In the beverages industry, it is used to enhance the flavor and improve the mouthfeel of the edible. Similarly, in the pharmaceuticals industry, it is used in the manufacture of medicines to increase the rate of absorption of amino acids. Because of its high advantages and beneficial properties combined with easy availability due to natural occurrence, the demand for L-malic acid is high in various application segments. Thus, the increasing use of L-malic in different end-user industries will propel the growth of the L-malic segment of the market during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is expected to witness a high growth rate during the forecast period. The demand for processed products is high in the region. The food processing industry in this region is rapidly growing. For instance, India's food processing industry is one of the largest food processing industries in APAC, and according to the India Brand Equity Foundation (IBEF), it is expected to reach USD 535 billion by 2025. Also, 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. This leads to a corresponding growth in the market in countries such as India and China.
Major snacking companies are investing in developing economies such as India to meet the increasing demand for snacks. For instance, in October 2020, PepsiCo, Inc. announced an investment of approximately USD500 million at its new greenfield snacks plant in India. Thus, such expansions in the industry will augment the demand for malic acid, which, in turn, will propel the growth of the regional market during the forecast period.
The market is influenced by its diverse applications across various industries such as food and beverage, confectionery, personal care, and pharmaceuticals. As an organic acid, malic acid is commonly found in fruits like apples and is known for its antioxidant properties. It is widely used in the food processing industry as a sour conditioner and flavor enhancer. The market growth is supported by the approval of malic acid by regulatory bodies like the FDA and EFSA, ensuring its safety and quality for use in different products. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for processed food is notably driving market growth. A rise in the demand for packaged food products among consumers across developed and developing countries has propelled the demand for malic acid because it has major applications in the industry, especially in processed and ready-to-eat products as a flavor enhancer. This high demand for processed food has directly increased the demand for processing and packaging solutions in the beverages, confectionery, and food sectors, as well as in the broader food and beverage industry. This demand is further bolstered by the need for specialty chemicals and diversified materials in these processes. Processed-food manufacturers increasingly focus on product differentiation that enables the companies to withstand competition in the market.
The demand for frozen foods, confectionaries, and packaged food products has been on the rise for the past decade. Urbanization has resulted in evolved dietary habits. The urbanized global population is inclined toward packaged food products and frozen food materials. An expanding global middle class and an increase in the number of working women contribute to the high demand for processed foods. The aforementioned factors will drive the growth of the market during the market forecast period.
The evolution of malic acid in the food and beverages industry is a key trend. Malic acid is used widely in the food and beverages industry. It functions as an acidulant and taste enhancer in ready-to-eat food products and carbonated drinks. Along with this, approval by various government bodies, such as the US FDA and the Food Safety and Standards Authority of India (FSSAI) of India, is expected to increase the growth pace of malic acid consumption. The growth of the food and beverages industry is expected to propel the growth of the market.
Malic acid finds extensive use in chocolate manufacturing, especially in the manufacture of hard candies. It has a lower melting point when compared with other food acids, which means that it can be added to the hard candy without adding additional water into it. This increases the shelf life of the candy. Similarly, in soft candies such as gummies and jellies, it is used to achieve the desired profile of natural fruit flavor. Thus, its increasing use and varied applications in the food and beverage industry are expected to drive the demand for malic acid, thereby steering the market during the forecast period.
Threat from citric acid is the major challenge impeding the market growth. Malic acid faces certain challenges from citric acid. As per the US FDA, citric acid is suitable for use for the same purposes that malic acid serves, making it a direct substitute for malic acid. Citric acid costs less compared with malic acid. This can be attributed to the price difference between malic acid and citric acid, due to which citric acid is often preferred over malic acid. Along with this, the rising prices of raw materials required for the synthesis of malic acid are also encouraging manufacturers to use citric acid. Furthermore, citric acid is sourer than malic acid. Therefore, for food products that require more sourness, citric acid is preferred. This preference for citric acid to malic acid will pose a challenge to the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
YONGSAN CHEMICALS - The company offers malic acid such as DL-Malic acid used for acidifiers in the food industry. Through this segment, the company offers maleic anhydride and its derivatives, fumaric acid, tetrahydrophthalic anhydride, and malic acid.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
Malic acid, commonly found in fruits like apple juice, is known for its antioxidant properties. It is also used in various industries, including the pharmaceutical and cosmetic industries, as well as in infant foods and health and fitness supplements. Malic acid is a key ingredient in skincare products, syrups, tablets, and dietary supplements, contributing to beauty routines and exercise performance. Its applications extend to the production of biodegradable plastics and in the treatment of conditions like fibromyalgia and chronic fatigue syndrome. Despite its numerous uses, concerns over the presence of impurities like benzene in malic acid have led to increased scrutiny and quality control measures in its production and usage.
Further, the market is driven by its diverse applications across industries such as personal care & cosmetics, pharmaceutical, cosmetic, health and fitness, and food additives. As a popular ingredient, it is used in various products, including energy drinks and non-alcoholic beverages, due to its antioxidant properties. Malic acid helps in the removal of dead skin cells and alleviates muscle fatigue, making it a sought-after component in the health and beauty sectors. Its molecular weight and unique properties make it suitable for use in various formulations. Retail outlets play a crucial role in distributing malic acid-based products, catering to a wide range of consumers.
Also, the market is driven by its widespread use in the Pharmaceutical industry, cosmetic industry, and health and fitness industry. Known for its Antioxidants properties, malic acid is a key ingredient in various products. It is also used in the production of lactic acid, Butane, Ethanol, Methanol, Ether and finds applications in industries such as pharmaceuticals, cosmetics, and health and fitness.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.33% |
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Market growth 2023-2027 |
85.67 thousand tons |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.89 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Anhui Sealong Biotechnology Co. Ltd., Bartek Ingredients Inc., Changmao Biochemical Engineering Co. Ltd., 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, and Zhonglan Industry Co. Ltd. |
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Market dynamics |
Parent market analysis, Market Forecasting, 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. |
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Customization purview |
If our market 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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