South Korea Malic Acid Market Size & Outlook, 2022-2030
South Korea malic acid market, 2018-2030 (US$M)
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South Korea malic acid market highlights
- An overview of the South Korea malic acid market trends heading towards 2030. The market in South Korea generated a revenue of USD 11.1 million in 2022 and is expected to reach USD 18.0 million by 2030.
- The overall growth of the South Korea market from 2022 to 2030. The South Korea market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- A look at the South Korea 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.
Malic acid market data book summary
| Market revenue in 2022 | USD 11.1 million |
| Market revenue in 2030 | USD 18.0 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | L-malic acid |
| Fastest growing segment | DL-Malic Acid |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Korea accounted for 5.1% of the global malic acid market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China malic acid market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 24.6 million by 2030.
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Malic Acid Market Scope
Malic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 53.15% in 2022. Horizon Databook has segmented the South Korea 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.
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Our clientele includes a mix of malic acid market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea malic acid market , including forecasts for subscribers. This country databook contains high-level insights into South Korea malic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea malic acid market size, by product, 2018-2030 (US$M)
South Korea Malic Acid Market Outlook Share, 2022 & 2030 (US$M)
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