(Food-Beverage-News.Com, September 18, 2018 ) The Malic Acid Market was worth USD 146.18 million in 2014 and is expected to reach approximately USD 220.46 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.67% during the forecast period. It is a standout amongst the most favoured acidulants and flavorants in food processing industry. Developing worldwide food pH regulators request alongside a high necessity for normally/artificially inferred flavorants and acidulants in different applications in the sustenance and refreshment industry is foreseen to drive development over the gauge time frame.
End User Outlook and Trend Analysis Beverage segment ruled the general business while representing more than 49% of the aggregate income in 2015. Beverage portion incorporates both carbonated and non-carbonated drinks including enhanced beverages and also alcoholic ciders. Expanding fluid and powdered refreshment usage alongside surging artificial flavorant request in carbonated beverages is assessed to drive the demand of the product in beverages throughout the following couple of years.
Regional Outlook and Trend Analysis Asia Pacific malic acid market commanded the worldwide request and is evaluated to develop at a significant CAGR over the conjecture time frame. Developing processed food and ready-to-drink refreshment fragments in economies of India, China, and Japan is foreseen to boost product demand over the estimate time frame.
Competitive Insights The leading players in the market are Polynt, Fuso Chemicals, Bartek Ingredients Inc, Lonza Group and Thirumalai Chemicals Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
By End User: Personal Care & cosmetics Beverage Confectionery & food Others
By Region North America The U.S. Canada Mexico Europe Germany UK France Russia Italy Rest of Europe Asia-Pacific China Japan South Korea India Southeast Asia Rest of Asia-Pacific South America Brazil Argentina Columbia South Africa Rest of South America The Middle East and Africa Saudi Arabia UAE Egypt Nigeria South Africa Rest of MEA
Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why?
