The growing utilization of DL Malic acid in food and beverage industry to enhance flavor of the food is driving the market.
DL Malic Acid Market Size – USD 192.9 Million in 2019, Growth - CAGR of 5.1%, Trends – Shift in trend in Food sector.
The global DL 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 DL 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 DL Malic acid, particularly when combined with magnesium, can boost the energy levels in the body.
The rising awareness regarding obesity and other health issues have resulted in a shift in a healthier lifestyle, and consumer preferring healthy food and beverages. DL Malic acid is a major ingredient in almost all the fruit-flavored liquids and powders used in the food sector. It also plays an important role in regulating animal weight and health by controlling the microbial population in the animal digestive systems, which makes it quite popular in animal feed.
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Top Companies: 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.
Further Key Finding from the Report Suggestion:
- DL 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.
- DL 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.
- It has been seen that biofuel-related coproducts can be used to support the microbial DL Malic acid production, but the level of DL Malic acid produced is dependent on the type of coproduct and the ability of the microbe to tolerate or utilize it. A coproduct that can be used to support the acid production is thin stillage, which is formed during the dry milling of corn to produce ethanol.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global DL Malic Acid market is segmented into:
Production Method Outlook (Revenue, USD Million; 2017-2027)
- From Sugar
- Biofuel-Related Coproducts
- Lignocellulosic Biomass-Based Production
- poly(β-L-DL Malic acid) (PMA) Production
Type Outlook (Revenue, USD Million; 2017-2027)
- D-Malic acid
- L-Malic acid
- DL-Malic acid
Application Outlook (Revenue, USD Million; 2017-2027)
- Food and Beverage
- Personal Care
- Pharmaceutical
- Construction
- Electroplating
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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