Due to its compatibility with various types of flavors, wide application of malic acid in food and beverage industry presents a potential opportunity to expand the global malic acid market. Based on application, the food and beverage segment will hold the highest share in 2021, accounting for more than three-fifths of the global malic acid market. Regionally, Asia-Pacific held the largest share in his 2021.
PORTLAND, Ore., Dec. 9, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, malic acid market It is estimated to garner $187.6 million in 2021 and generate $279.8 million by 2031, at a CAGR of 4.1% from 2022 to 2031. This report provides extensive analysis on changing market dynamics, key segments, value chains, competitive scenarios, and regional landscape. The research provides key players, investors, shareholders, and start-ups with valuable guidance in devising strategies for sustainable growth and gaining a competitive edge in the market.
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Report coverage and details:
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report coverage |
detail |
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Forecast period |
2022–2031 |
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base year |
2021 |
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Market size in 2021 |
$187.6 million |
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Market size in 2031 |
$279.8 million |
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CAGR |
4.1% |
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number of pages in the report |
231 |
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Target segment |
type, application and region. |
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driver |
Wide range of applications of malic acid in the food and beverage industry due to its compatibility with different types of flavors |
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Population growth in both developed and developing countries |
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Increased imports and exports of various cosmetics and skin care products |
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Surge in consumer fashion trends |
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Adoption of Western culture |
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chance |
technology upgrade |
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Restraint |
Habitual use of malic acid can have side effects on human health such as skin irritation, skin sensitizers, and eye irritation. |
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Fluctuations in malic acid raw material prices |
Covid-19 Scenario:
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The malic acid market has been moderately impacted by the impact of the COVID-19 pandemic.
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As the number of covid-19 cases dropped significantly in the fourth quarter of 2020, the market saw a surge in demand for personal care, consumer and hygiene products.
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Additionally, government support for the pharmaceutical industry and high supply chains in healthy fruit juice and vegetable consumption increased during the COVID-19 pandemic. This had a positive impact on the market.
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Additionally, as restrictions were lifted in the fourth quarter of the pandemic, pharmaceuticals, food and beverages, and other end-use sectors began to recover. In the first quarter of 2021, the market for malic acid experienced accelerated growth due to increased demand for malic acid from the pharmaceutical sector, food and beverages, and consumer products.
This study provides an in-depth segmentation of the global Malic acid market based on type, application and region. The report details the segment and its subsegments using tables and charts. Market players and investors can strategize according to the highest-earning and fastest-growing segments mentioned in the report.
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Based on application, the food and beverage segment will hold the highest share in 2021, accounting for more than three-fifths of the global malic acid market and is expected to maintain its leadership position during the forecast period. , the personal care and cosmetics segment is expected to register the highest CAGR of 4.5% from 2022 to 2031.
Based on type, the LD-malic acid segment will account for the highest share in 2021, contributing about two-fifths of the global malic acid market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the L-malic acid segment is expected to exhibit the highest CAGR of 4.4% from 2022 to 2031.
Based on region, Asia-Pacific will hold the largest share in 2021, contributing to almost half of the global malic acid market share, and is projected to maintain its dominant share in terms of revenue in 2031. .Additionally, the same region reveals Fastest CAGR of 4.8% during the forecast period. The study also analyzes regions such as North America, Europe, and LAMEA.
Major market players of the global malic acid market analyzed in the research include Anhui Sealong Biotechnology Co., Ltd., Bartek Ingredients Inc., Changmao Biochemical Engineering Company Limited, FUSO CHEMICAL CO., LTD., isegen south africa ( pty) ltd, POLYNT SPA, Prinova Group LLC., Thirumalai Chemicals Ltd., YONGSAN CHEMICALS, INC., Zhonglan Industry Co., Ltd.
The report offers an in-depth analysis of these key players in the global malic acid market. These players are adopting various strategies such as new product launches, collaborations, expansions, joint ventures and agreements to grow their market share and maintain dominant shares in various regions. . The report helps showcase the competitive scenario by highlighting the business performance, business segments, product portfolio and strategic moves of market players.
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about us
Allied Market Research (AMR) is the full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global corporations and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insight and consultancy to help clients make strategic business decisions and achieve sustainable growth in their respective market domains. I have.
We have professional corporate relationships with various companies that help us dig into market data, generate accurate research data tables and help ensure the highest accuracy in our market forecasts. Pawan Kumar, CEO of Allied Market Research, is committed to inspiring and encouraging everyone associated with the company to maintain high quality data and help our clients succeed in every way possible. increase. All data presented in the reports we publish are extracted through primary interviews with the heads of major companies in the domain concerned. Our secondary data sourcing methods include in-depth online and offline research and discussions with knowledgeable industry experts and analysts.
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