| Source: Rationalstat LLC
Wilmington, Delaware, UNITED STATES
Wilmington, Delaware, Nov. 15, 2023 (GLOBE NEWSWIRE) — Global Malic Acid Market size is valued at US$ 190.1 million in 2023 and is predicted to rise at a substantial CAGR of 5.3% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
Malic acid is a naturally occurring organic acid that is widely used in various food and beverage applications as a flavor enhancer, pH regulator, and chelating agent. It is also used in the cosmetic, pharmaceutical, and animal feed industries. In recent years, there has been an increasing demand for malic acid in the food and beverage industry due to its applications in the production of sour candies, fruit-flavored beverages, and other food products.
The global malic acid market is expected to grow at a steady pace due to the increasing demand for sour and tart-flavored food products. The growing demand for malic acid in the food and beverage industry is expected to drive the growth of the market in the coming years.
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Global Malic Acid Market: Segmental and Market Share Analysis
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the malic acid market include,
Some of the prominent players and suppliers operating and contributing significantly to the malic acid market growth include Tate & Lyle, Cargill, Jungbunzlauer, Foodchem International Corporation, Bartek Ingredients Inc., Fuso Chemical Co. Ltd., Polynt, Nacalai Tesque, Inc., Yongsan Chemicals, Prinova Group LLC, and American Ingredients Company, among others.
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RationalStat has segmented the malic acid market based on type, application, and region
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Key Questions Answered in the Malic Acid Report:
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