Asia Pacific Malic Acid Market Size & Outlook, 2022-2030
Asia Pacific malic acid market, 2018-2030 (US$M)
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Asia Pacific malic acid market highlights
- An overview of the Asia Pacific malic acid market trends heading towards 2030. The Asia Pacific market generated a revenue of USD 92.0 million in 2022.
- The overall growth of the Asia Pacific market from 2022 to 2030. The market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- A look at the Asia Pacific market revenues per segment in 2022. In terms of segment, l-malic acid was the largest revenue generating product in 2022.
- The segment witnessing the fastest revenue growth within the market. DL-Malic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
- An overview of Asia Pacific market per country. Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 92.0 million |
| Market revenue in 2030 | USD 147.4 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | L-malic acid |
| Fastest growing segment | DL-Malic Acid |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | L-Malic Acid, D-Malic Acid, DL-Malic Acid |
| Key market players worldwide | Perfect Moment Ltd, Lonza Group Ltd, Thirumalai Chemicals, Bartek Ingredients, Fuso Chemical, Isegen South Africa, Anhui Anke Biotechnology (Group), Puyang Yongan Chemical Co., Prinova Group, Nacalai Tesque, Guangzhou Jointas Chemical |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 42.6% of the global malic acid market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 147.4 million by 2030.
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Malic Acid Market Scope
Malic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific malic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to malic acid market will help companies and investors design strategic landscapes.
L-malic acid was the largest segment with a revenue share of 53.48% in 2022. Horizon Databook has segmented the Asia Pacific malic acid market based on l-malic acid, d-malic acid, dl-malic acid covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for malic acid in the region is influenced by food & beverages, personal care & cosmetics, & pharmaceutical applications. China, India, and Japan are the key manufacturing countries in the region, with China as the global manufacturing leader.
Growing population in countries such as India and China, coupled with the rise in income level and purchasing power parity, has led to the high demand for the above-mentioned industry products. In addition, a rapidly growing number of food & beverage start-ups especially in India, is projected to boost the demand for malic acid in several industries over the forecast period.
China has been the world’s largest consumer market for food & beverages over the past few years, making it highly appealing for foreign brands and players in the food & beverages industry. The growing food & beverages industry is expected to significantly impact the malic acid market in China during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific malic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific malic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific malic acid market size, by country, 2018-2030 (US$M)
Asia Pacific Malic Acid Market Outlook Share, 2022 & 2030 (US$M)
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