PUBLISHER: Grand View Research | PRODUCT CODE: 1772310
PUBLISHER: Grand View Research | PRODUCT CODE: 1772310
The global malic acid market size is projected to reach USD 324.7 million by 2030, registering a CAGR of 5.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. An increase in the consumption of food products and beverages is a major factor driving the market growth. Food & beverages include bakery products, desserts, candies, carbonated drinks, juices, and many other products. The growing demand for bakery products, especially among the young population, to have low-fat and nutrient-rich food is expected to increase the use of malic acid in food & beverage applications. Moreover, the growing consumption of Ready-To-Drink(RTD) beverages, especially in emerging economies like China and India, is expected to steer the product demand over the forecast period.
Asia Pacific is a substantially large market for malic acid due to the presence of global multinational companies in the region with high demand from end-use markets, such as food & beverages, personal care & cosmetics, textiles, and pharmaceuticals. The region is estimated to grow at a steady CAGR from 2023 to 2030. The outbreak of the COVID-19 pandemic has influenced the food & beverage industry positively. Lockdowns imposed by numerous countries across the globe have led to high demand for RTE food products. The growing demand for convenience food products and stockpiling of these products during the lockdown had a positiveimpact on the global market growth.