Malic Acid Market To Reach USD 287.5 Million By 2027
Market Summary The growing utilization of malic acid in food and beverage industry to enhance flavor of the food is driving the market. Market Size – USD 192.9 Million in 2019, Market Growth - CAGR of 5.1%, Market Trends – Shift in trend in Food sector. The global Malic Acid market is forecast to reach USD 287.5 Million by 2027, according to a new report by Reports and Data. The growing popularity in the energy drinks among athletes and fitness conscious population has spurred the growth of the Malic Acid. The increase in the application of the acid in various end-use industries has encouraged its growth, particularly the boost from the food and beverage industry. The supplement of malic acid, particularly when combined with magnesium, can boost the energy levels in the body. Further key findings from the report suggest : • Malic acid is effective in promoting growth and also as feed saving agent for ruminants such as cattle and sheep, and, it is used as an effective milk-promoting agent for female ruminants. The animal feed segment is forecasted to grow with a CAGR of 4.4% during the forecast period. • Malic acid has used an acidulant, a buffering agent, a chelating agent, and an antioxidant flavoring agent. In pharmaceutical, it is used as a general-purpose acidulant. The acid possesses a slight apple flavor and is used in medicines as a flavoring agent to mask bitter tastes and also to provide tartness. www.reportsanddata.com
Key Players: Prinova LLC, Changmao Biochemical Engineering Company Limited, Bartek Ingredients, Polynt S.P.A, Thirumalai Chemicals, Fuso Chemicals, Wego Chemical & Mineral Corp., U.S. Chemicals LLC, Lonza, and The Chemical Company, among others. Segmentation: •
Type Outlook (Revenue, USD Million; 2017-2027) D-malic acid L-malic acid DL-malic acid
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Application Outlook (Revenue, USD Million; 2017-2027) Food and Beverage Personal Care Pharmaceutical Construction Electroplating Others www.reportsanddata.com
Regional Malic Acid Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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