Malic acid is a crystalline dicarboxylic acid with the molecular formula C4H6O5 formed as an intermediate in the Krebs cycle and naturally found in various fruits. According to BlueQuark Research & Consulting, the Global Malic acid market is expected to witness a significant growth rate during the forecasted period. Factors like the use of Malic acid in the Food and Beverage industry for confectioneries, beverages, preserves, desserts, and bakery products to balance pH and improve aftertaste are projected to drive the Global Malic Acid market in the forecasted period. Further, Malic acid is used in Personal care products such as shampoos, body lotions, acne treatments, and anti-aging serums owing to its benefits for skin hydration and exfoliation, which is expected to drive the Global Malic acid market in the forecasted period. Furthermore, the increasing demand for Malic Acid in the oil industry for transferring raw crude from the well to the refinery is estimated to drive the Global Malic acid market in the forecasted period. However, after consuming Malic acid, common symptoms are discomfort, itching, muscle aches, chest pain, nausea, swollen skin, redness, and constipation that might last a couple of days. There demands to be more research on the benefits of Malic acid, and fluctuations in the cost of raw materials are estimated to hamper the growth of the Malic acid market in the forecasted period.

Malic acid is utilized for manufacturing throat lozenges, cough syrups, and effervescent powdered preparations due to its ability to lessen the flavor impact of active components by enhancing fruit flavor. In addition, it is used for tooth-cleaning preparations and mouthwashes as it stimulates saliva flow.

The food and beverage industry are the most prominent consumer of malic acid and is projected to drive the global market. Malic acid is identified with the acronym E296, and its use in food processing is approved by the Standards Authority of India (FSSAI), the US Food and Drug Administration (USFDA), and the European Food Safety Authority (EFSA). With the rise in the population, the demand for food products is accelerating, catalyzing the growth of the Malic acid market owing to its fruit flavor enhancing and pH stabilizing characteristics. The increase in demand for food additives for taste and flavor enhancement in developed and developing countries is a vital driver of the global food & beverages industry. The rise in urbanization and the increase in disposable revenue of the people who prefer diverse culinary styles have also contributed to the surge in demand for food additives. The Malic acid consumed by the beverage, food, and confectionery industries accounts for around 85% of total Malic acid usage. Further, increased social interactions and the exchange of cultures due to globalization have accelerated the production of wine, and Malic acid is an essential component that maintains a consistent, sharp taste. In wines, malolactic fermentation improves the flavor profile of the wine. In addition, Malic Acid is preferred over Citric acid for sugarless sweets as it enhances flavor, especially fruit flavors, and boosts sweetness. Malic acid is a vital ingredient used as a flavor enhancer in food and beverages such as confectionery products, desserts, juices, and bakery products. It has the ability to improve the flavor by providing a tart taste to food and beverages and acting as a preservative. As a result, it is commonly added to the wine. It is also used to replace less sour citric acid in sour sweets. Flavor enhancers and preservatives are extensively used in the food industry. Malic acid is utilized to meet the requirements of flavor enhancers. Therefore, the high demand for food additives in the food & beverages industry is predicted to propel the global market during the forecast period.

The Asia Pacific region is assumed to be the largest Malic acid market, with the most consumption in countries like China and India. The food and beverage industry are growing vertically due to the increasing population, and the demand for Malic acid is bound to rise. Companies are continuously advertising the help of their skincare products on social networking sites, such as Facebook, Twitter, YouTube, and Instagram, accelerating the market for Malic acid, a versatile personal care constituent. Malic acid is used to manufacture personal care products such as body creams, scrubs, and soaps. It acts as a humectant in these products. It is usually an absorbent in cosmetics owing to its ability to absorb moisture. The rise in demand for healthcare and personal care products has surged significantly over the past few years. The population increase is expected to boost the usage of unique care products soon. Furthermore, improvements in lifestyle and the high disposable income of consumers are anticipated to fuel the demand for personal care products across the world. Again, the continuous investments made by the government to improve healthcare standards in their nations and the use of Malic acid as a crucial component of pharmaceutical products further drive the market growth. Moreover, the increasing use of Malic acid in iced teas, sports drinks, and carbonated beverages, as it provides more acidity per unit weight of acidulant than others, and its lower price, is propelling the market's growth. Factors like these have made Asia-Pacific an important region for the Malic acid market growth.

Some of the market players are The Chemical Company, Bartek Ingredients Inc., Fuso Chemicals Co., Ltd., Thirumalai Chemicals Co. Ltd, Prinova Group LLC, Yongsan Chemicals, Inc., and Polynt SpA, among others.

In June 2021, TCL Specialties LLC, a subsidiary of Thirumalai Chemicals Ltd., started the execution of its project to construct a chemical facility in the northeastern United States. In Phase one of the project, TCL is expected to manufacture Malic Acid, Fumaric acid, and Maleic Anhydride, with an annual capacity of about 40,000 metric tons and catering to customers in North America, Europe, and Latin America.

The global Malic acid Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Malic acid market by segmenting based on the Type (L-Malic Acid, D (+) Malic Acid, DL-Malic Acid), Form (Powder, Liquid), End-user Industry (Food and Beverage, Personal Care, Pharmaceuticals, Oil Refining, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.