According to a new market research report published by Credence Research “Malic Acid Market(Beverages, Confectionery, Food, Personal care products and pharmaceuticalsand Other) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global malic acid market was valued at US$ 143.0 Mn in 2014 and is estimated to expandwith a CAGR of 6.3% from 2015 to 2022.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Malic acid is widely used as a preservative in various food and beverages products owing to rising food safetyconcerns, desire for convenience and increased popularity of processed food and ready to drink beverages along with improving standard of living. Furthermore, growing market demand for new beverages and food products, especially fruit flavoured beverages and food is projected to fuel the malic acid market. The increasing popularity for personal care products is also projected to be a major demand driver for malic acid. The usage of malic acid in food and beverages industry is approved by various regulatory agencies such as FDA, EFSA, and FSSAI among others and hence this is also one of the major reasonstowards market growth and is also projected to propel the market demand over the coming few years.
Confectionery is another lucrative segment for malic acid. Rising demand for confectionery products such as gum, jellies, jams, candies is also projected to contribute towards the malic acid market growth. During the forecast period the demand for malic acid is projected to be highest from Asia Pacific and RoW regions. Countries such as India, China, Latin America, Middle East and Africa would be the chief contributors towards market growth as the concerns regarding the health and nutrition are comparatively nascent, and nutrition foods and beverages and diet products have less market penetration in these regions. However, volatility in the prices raw material can act as a major factor restraining the market growth.
Players in this market are focusing on R & D for increasing application scope for malic acid. Further, they are also focusing on new product development to meet the specific client requirement for different products. Some of the key market participants present in this market are Miles Chemical, FUSO, Polynt, Yongsan Chemicals, Bartek, and Prinova LLC among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Malic Acid contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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