Global malic acid market is expected to reach USD 0.20 billion by 2020. Increasing acidulant and artificial flavorant demand in food & beverage industries is expected to drive the global malic acid market over the forecast period. Increasing requirement for citric acid substitutes as natural flavorant coupled with increasing penetration in powdered fruit flavored beverages is also expected to have a positive influence on the market growth. Regulatory approval of malic acid for food processing from FDA, FSSAI and EFSA is further estimated to augment market growth over the next six years.
Beverages were the largest application segment and accounted for 52.6% of total market volume in 2013. Increasing fruit flavored beverages demand coupled with rising disposable income level particularly in BRIC nations is expected to drive this segment over the forecast period. Confectionery & food is poised to witness the highest growth on account of escalating acidity regulators and acidulants demand in bakeries. Rising consumption of confectionery products such as gum, fruit butters, jams, jellies, and hard candies is also expected to contribute to the market growth. Confectioneries & food application is poised to grow at an estimated CAGR of 4.6% over the next six years.
Further key findings from the study suggest:
Global malic acid demand was 66.3 kilo tons in 2013 and is expected to reach 88.7 kilo tons by 2020, growing at an estimated CAGR of 4.3% from 2014 to 2020.
Request a sample of the report:http://www.orbisresearch.com/contacts/request-sample/60640
Asia Pacific was the leading malic acid consumer and accounted for 43.7% of total market volume in 2013. Rapid industrialization coupled with positive outlook on food & beverage industry in India, China and Indonesia is expected to drive the regional malic acid demand. Asia Pacific is also expected to witness the highest growth of 5.3% from 2014 to 2020. China emerged as a major malic acid consumer owing to high demand from processed food preservation.
Buy the report@http://www.orbisresearch.com/contact/purchase/60640
Europe and North America were other significant regional malic acid market. High demand of powdered fruit flavored and low calorie beverages primarily in U.S., UK, Mexico, France and Italy may be attributed for market penetration. Stringent regulatory scenario may negatively impact malic acid market growth in these regions over the next few years. North American malic acid market is expected to exceed USD 50 million by 2020.
Global malic acid market is moderately fragmented on account of large number of regional players. Major companies operating in the global market have been investing heavily on R&D and capacity expansion to cater the growing niche application segments. Key players in global malic acid market comprise Polynt, FUSO, Bartek, Thirumalai Chemicals, U.S. Chemicals LLC and Prinova LLC.
Major points From table Of Contents:
Chapter One: Methodology & Scope
Chapter Two: Executive Summary
Chapter Three: Malic Acid Industry Outlook
Chapter Four: Malic Acid Application Outlook
Chapter Five: Malic acid Regional Outlook
Chapter Six: Competitive Landscape
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019