it is adicarboxylic acid and is used an active ingredient in many food products. Malic acid exhibits the properties such as controlling the microorganisms’ growth, adjusting pH, and also flavour enhancement which makes it highly preferable for usage in the food and beverage industry. It also imparts a very pleasant flavor when added in food and beverages. Therefore, it is significantly used in the food and beverage industry where it is used in various products such as bakery products, fruit juices, sports drinks, carbonated beverages, desserts and frozen specialities. Furthermore, rising demand of the fruit flavored drinks and protein drinks is substantially growing the malic acid market. However, the global market for malic acid is projected to expandat a moderate growth rate during the forecast period.
Geographically Asia-Pacific dominated global maleic acid market,
due to higher applications of maleic acid into various end-use applications. Asia-Pacific was followed by North America and Europe as second and third largest market for maleic acid. Asia Pacific is projected to have fastest growth, owing to rapidly increasing demand for cosmetics and personal care products as a result of changing lifestyle and increasing disposable income in developing nations such as China, and India in this region. Among all the end-use industry automotive industry is expected to have the highest market share and is also expected to be the fastest growing industry.
This report identifies the global maleic acid market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global maleic acid market.This report segments global maleic acid market on the basis of application and regional market as follows:
- Maleic Acid Market, By Application: Food & Beverage, Confectionery, Cosmetics & Personal care & Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the maleic acid market. Some of the major companies’ profiles in detail are as follows:
- Changmao Biochemical Engineering Company Limited
- Isegen South Africa (Pty), Ltd.
- Yongsan Chemicals
- Bartek Ingredients, Inc.
- Fuso Chemicals Co., Ltd