According to ChemAnalyst report, “India Malic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032”, The India Malic Acid Market is likely to expand and reach 16 thousand tonnes in FY2032 at a steady CAGR of 3.65% during the forecasted period. The end-use industries like Food & Beverages, Pharmaceuticals, and Cosmetics are anticipated to accelerate the Malic Acid Market expansion in India in the forthcoming years.
Malic Acid is and alpha hydroxy acid with chemical formula C4H6O5. Malic acid is produced spontaneously in all fruits and many vegetables during the fruit metabolism process. On industrial scale, it is mainly synthesized from maleic anhydride by undergoing hydration reaction. This acid crystallized from aqueous solutions in the form of white, anhydrous, and non-volatile crystals with a high melting point of 130 degree Celsius. Malic acid displays active chelating capabilities that enable the stable complexation of several heavy metals. Malic acid can take the place of citric acid in the processing and refining of edible oils as well as in the preservation of food due to this property. Malic acid is a flavour enhancer that’s added to baked goods, beverages, fruit preserves, and breads. In addition, it is required for the production of products like mouthwash, toothpaste, effervescent powders, cough medicines, and throat lozenges. Malic acid frequently modifies the pH of beverages and improves their flavour due to which it is used in the beverage sector. Moreover, this acid aids in pharmaceuticals by covering the taste of medicinal substances in pills and medicines. When creating skin care products, malic acid is also used to revitalise and enhance the state of skin.
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The rising demand for Malic Acid as a in food & beverages coupled with demand by the urban population for ready-to-eat snacks and beverages across the nation is the major cause for the Malic Acid market expansion in India. Owing to its high solubility and low hygroscopicity, Malic Acid is even used as a substitute for Tartaric Acid and Citric Acid in the detergent industry. Growing demand for Malic Acid in healthcare industry is another major reason contributing to its domestic hike in the country. Additionally, growing usage of malic acid in the electroplating industry to adjust the pH in plating baths also contributes finely to the market. Moreover, increasing utilization of Malic Acid in cosmetics and dye industry is projected to accelerate its demand during the forecast years.
The India Malic Acid Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Malic Acid market is segregated into Food & Beverages, Pharmaceuticals, Cosmetics, and Others. Among these, Food & Beverages are dominating the segment of Malic Acid. This segment held roughly 45% of the Malic Acid market in FY2022. Owing to changing customer preferences towards ready-to-eat food items, this sector is anticipated to retain its dominance in the forecast period.
Based on region, the India Malic Acid Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. West India has been the frontrunner in the consumption of malic acid for a variety of uses due to the presence of significant consumer goods’ producers in states like Gujarat, Rajasthan, and Maharashtra.
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“India Malic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2032” Domestic players in the India Malic Acid market are Thirumalai Chemicals Limited and IG Petrochemicals Ltd. Major global players operating in the India Malic Acid market include Fuso Chemical Co., Yongsan Chemicals, Anhui Sealong Biotechnology, Changmao Biochem, and Others.
“The rapidly increasing demand of Malic Acid as a preservative and flavouring agent in food & beverages sector coupled with rapidly growing consumer base for ready-to-eat food commodities and drinks in the nation is expected to boost the India Malic Acid Market in the forecast period until FY2032. Additionally, the application of Malic Acid in the medical sector in which its major use is to mask the aroma and undesirable taste of drugs also contributes finely to the India Malic Acid market. With growing demand of Malic Acid by the food & beverages sectors provides a new whole range of opportunities to new domestic players to enter the market in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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