Malic Acid Market Share, Industry Growth

   2021-04-22       7        Business
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The growing utilization of malic acid in the food and beverage industry to enhance the flavor of food is driving the market.

The Global  is forecast to be valued at USD 287.5 Million in 2027 from USD 192.9 Million in 2019, registering a CAGR of 5.1% during the estimated period. The rising popularity of several types of energy drinks among fitness conscious and athletes has spurred the industry’s growth. The growing acid application in several end-use industries has encouraged the market’s growth, especially from the industry of food and beverages. Malic acid’s supplement, in combination with magnesium, can aid in boosting energy levels.

The increasing awareness about obesity and various other health conditions have led to the major population’s shift towards a healthier lifestyle, and the growing consumer’s preferences in natural and healthy food and beverages are the crucial factors augmenting the sector’s growth. Malic acid is found as a major ingredient in the maximum fruit-flavored powders and liquids used in the food industry. It also plays a crucial role in maintaining and regulating animal health and weight by controlling the digestive system’s microbial population, making it preferable in animal feed. 

Strict regulations by governments about the acid impact on the environment and the rising concerns in reducing carbon footprint are limiting the market’s growth. Nonetheless, the increasing research and development for producing bio-based malic acid are restoring the demand in the sector. 

The COVID-19 has negatively impacted the industry. The consumer demand for several well-being products owing to the social distancing and lockdown, has negatively impacted the demand for certain food products and cosmetics. The pandemic has crippled various industries.

To identify the key trends in the industry, click on the link below: 

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