North America Malic Acid Market Size & Outlook, 2022-2030
North America malic acid market, 2018-2030 (US$M)
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North America malic acid market highlights
- An overview of the North America malic acid market trends heading towards 2030. The North America market generated a revenue of USD 56.5 million in 2022.
- The overall growth of the North America market from 2022 to 2030. The market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
- A look at the North 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 North America market per country. Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 56.5 million |
| Market revenue in 2030 | USD 85.0 million |
| Growth rate | 5.2% (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, North America region accounted for 26.1% 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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North 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 53.45% in 2022. Horizon Databook has segmented the North 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 consumption of products in food & beverages, pharmaceutical, personal care & cosmetics end-uses is more prevalent in the developed countries and this is likely to pave the way for malic acid market in near future in North America.
The North America market is characterized by the presence of food & beverage and pharmaceutical industries such as Pfizer Inc., Abbott, Bristol-Myers Squibb Company, Merck Sharp & Dohme Corp., are also present in the market.
The growing pharmaceuticals industry in countries like Mexico and the U.S. is expected to surge the demand for malic acid. According to the report published by a pharmaceutical manufacturer, AstraZeneca, in the year 2020 the global pharmaceutical market revenue saw an increase of 3.8% whereas in markets like U.S., Japan, Germany, and others revenue grew by 3.7%.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America malic acid market , including forecasts for subscribers. This continent databook contains high-level insights into North America malic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America malic acid market size, by country, 2018-2030 (US$M)
North America Malic Acid Market Outlook Share, 2022 & 2030 (US$M)
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