Malic Acid Market is Projected to Surpass USD billion by 2023

Pune, India, August 30, 2017, /MRFR Press Release/- Market Research Future published a Cooked research report on Malic Acid Market. 

Malic Acid Market Highlights

Asia Pacific region dominated the global malic acid market in 2016. It was the largest region both in terms of value and volume and accounted for XX% of overall market share. Food and beverages industry is on the rise with significant growth in this particular region. This in turn raised demand for malic acid and is considered as key growth driving factor. More importantly, approval of malic acid as GRAS from FDA has further promoted commercialization of food grade products, innovations and R&D spending in this sector. China is the major market in Asia Pacific growing at highest CAGR of XX% and is expected to surpass USD XX million over the forecast period. Apart from China, India and Japan substantially contributed in the regional market growth. Consumers are opting for processed food in this region and the trend is likely to continue over the forecast period. Key players are investing in research and development to innovate new product formulations that can provide growth opportunities in the near future.

North America is the second largest market for malic acid including market such as U.S., Mexico, and Canada. The personal care & cosmetics industry is tipped to exhibit strong growth in countries such as the U.S. and Mexico due to shift in trend towards specialty personal care products. This has encouraged demand for malic acid by contributing in the regional growth. Apart from this, rising trend in consumption of beverages such as ready to drink tea, carbonated drinks, energy drinks, and sports drinks augmented regional demand. Europe exhibited sluggish growth over the last five years due to below average performance of major end-use industries in the region. The region is expected to show positive growth in near future due to introduction of low-calorie beverages in the market. On the other hand, Middle East and Latin America are touted to witness moderate growth over the forecast period. Specifically Latin America, wherein insignificant regulatory issues hampered its consumption in beverages. 

Global Malic Acid Market, by Region 2016 (%)

Key Players:Key players of the global malic acid market are Bartek Ingredients Inc. (Canada), Changmao Biochemical Engineering Company Limited (China), Fuso Chemical Co., Ltd. (“Fuso”) (Japan), Isegen South Africa (Pty) Ltd (South Africa), Polynt S.p.A (Italy), Thirumalai Chemicals Ltd. (India), Anhui Sealong Biotechnology Co. Ltd. (China) 

SegmentationThe global malic acid market is majorly segmented on the basis of type, end use, and regions. Market segmentation based on types L-malic acid, DL-malic acid, D (+)-malic acid. Based on the end use industries, global market has been segmented into food & beverages, personal care, pharmaceutical, and others.

Access Report Details @ https://www.marketresearchfuture.com/reports/malic-acid-market-4170

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. 

Contact:

Akash Anand,

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com