Latin America Malic Acid Market Size & Outlook, 2022-2030
Latin America malic acid market, 2018-2030 (US$M)
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Latin America malic acid market highlights
- An overview of the Latin America malic acid market trends heading towards 2030. The Latin America market generated a revenue of USD 11.3 million in 2022.
- The overall growth of the Latin America market from 2022 to 2030. The market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- A look at the Latin America 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 Latin America market per country. Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 11.3 million |
| Market revenue in 2030 | USD 17.2 million |
| Growth rate | 5.4% (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, Latin America region accounted for 5.2% 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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Latin America 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 53.98% in 2022. Horizon Databook has segmented the Latin America 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 countries in Central & South American regions are expected to witness a trend of increased consumption of food & beverage products manufactured using organic acid like malic acid owing to the shifting consumer eating habits and favorable regulatory developments in the region.
The steady economic growth coupled with an increasing number of middle- and high-income consumers in countries like Argentina, Brazil, Peru, Chile, and others are changing the lifestyle patterns in the region.
These factors have led to a strong increase in the volume of demand and the consumption of high-end value added products like carbonated drinks, desserts, bakery products, among others. Moreover, the presence of a manufacturing base of Cargill, Incorporated, General Mills, and Kraft Foods is expected to surge the demand for malic acid in the region over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America malic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America malic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America malic acid market size, by country, 2018-2030 (US$M)
Latin America Malic Acid Market Outlook Share, 2022 & 2030 (US$M)
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