According to TechSci Research report, “Malonic Acid Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Malonic Acid Market stood at USD 97.45 million in 2022 and is anticipated to grow with a CAGR of 4.11% in the forecast period, 2024-2028. Malonic acid falls under the category of alpha-hydroxy acids, a classification based on its molecular structure.
Other alpha-hydroxy acids, such as glycolic acid, tartaric acid, lactic acid, and citric acid, share this structural characteristic. Notably, the citric acid cycle, also known as the TCA cycle, plays a pivotal role in cellular energy production through the generation of Adenosine Triphosphate (ATP).
Maleic acid is naturally present in various fruits, including cherries, blueberries, blackberries, apricots, peaches, pears, plums, and grapes.
It is one of the predominant acids found in these fruits. Beyond its presence in nature, maleic acid has versatile applications. It is utilized in pharmaceutical manufacturing, where it is administered orally to address conditions like fatigue and fibromyalgia. Moreover, maleic acid serves as a flavoring additive in the culinary industry, imparting a tart taste to various dishes.
Furthermore, malonic acid has found a place in the cosmetics industry, where it is employed to adjust the pH of skincare products. It is believed to have potential benefits such as minimizing signs of aging, promoting the removal of dead skin cells, assisting in acne treatment, and enhancing skin hydration when applied topically.
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Furthermore, malonic acid, an organic compound characterized by decarboxylation, boasts extensive utility within the agricultural sector. Its significance lies in serving as a fundamental building block for the synthesis of various herbicides, insecticides, and fungicides. Furthermore, its effectiveness as a pH modifier and buffer in agricultural formulations renders it a valuable ingredient in crop protection products. Consequently, these attributes are poised to exert a favorable influence on the overall growth trajectory of the industry in the foreseeable future.
The Global Malonic Acid Market is segmented into type, material, end-user industry, regional distribution, and company.
Based on its application, the flavor enhancer segment has emerged as the predominant market leader. The dominant position of malonic acid in the market can be attributed to its extensive utilization as both a flavor enhancer and an acidifier in the food and beverage sector. This usage pattern has triggered a significant surge in demand, a trend expected to persist throughout the forecasted period. The increasing adoption of malonic acid as a flavor enhancer and acidifier in the food and beverage industry has unlocked substantial growth opportunities for manufacturers. Additionally, it is employed as an acidity regulator, food preservative, and pharmaceutical excipient. It also serves as a precursor to polyester and plays an active role in the composition of alkyd resins.
Based on end use industry, the food & beverage segment commands the highest share of revenue. The heightened demand for malonic acid finds its roots in the expanding production of food additives and flavoring agents, particularly malonates. These substances play a pivotal role in the food and beverage sector, where their primary function is to enhance flavors and preserve the freshness of various products. Malonic acid assumes a prestigious position as both an acidulant and a flavoring agent within the food processing industry. Its appeal is underpinned by its remarkable blending capabilities and its innate capacity to elevate and enrich an array of flavors.
In the realm of the food and beverage industry, there has been a remarkable upsurge in the demand for products, with a special focus on the burgeoning markets of Asia and the Middle East. The increased domestic consumption of food and beverage items can be attributed to a multitude of factors. These include population growth, the introduction of novel products to diversify offerings, and the establishment of an extensive network of retail outlets that facilitates product accessibility and efficient distribution.
Furthermore, the escalating utilization of malonic acid derivatives within the pharmaceutical sector is poised to make a substantial contribution to the demand for this compound. In the pharmaceutical domain, malonic acid serves as a pivotal precursor for the synthesis of various essential drugs. These encompass a spectrum of medications, including barbiturates, vitamin B1, and non-steroidal anti-inflammatory drugs (NSAIDs).
The significance of malonic acid extends further to its role in the production of plant growth regulators, which possess the unique ability to either inhibit or stimulate plant growth. These regulators assume a critical role in enhancing crop yield, augmenting overall crop quality, and fortifying resilience against environmental stressors. The formulation of malonic acid further optimizes the delivery of essential micronutrients such as zinc, manganese, and iron to crops. This, in turn, results in comprehensive improvements in plant growth and augments overall yield. These advancements hold profound implications for the cultivation of food crops within the market, ultimately contributing to increased food production.
Based on region, Europe took center stage as the leading contender in the Global Malonic Acid Market. The presence of numerous industries serving various sectors, including food and beverage, pharmaceuticals, agriculture, plastics, paints, and coatings, as well as various other applications, is poised to be a potent driver behind the growing demand for this particular product.
In developed nations, this product enjoys widespread utilization across multiple sectors, including food and beverages, pharmaceuticals, personal care, and cosmetics.
This prevalence is expected to fuel the growth of the North American market in the coming years. North America is particularly noteworthy for its robust food and beverage and pharmaceutical industries, featuring key players such as Abbott, Pfizer Inc., Merck Sharp & Dohme Corp., and Bristol-Myers Squibb Company operating within the region. Moreover, the thriving pharmaceutical sector in countries like Mexico and the United States is set to further amplify the demand for these products.
Additionally, China, India, and Japan serve as the primary manufacturing hubs within the region. The escalating population figures in countries like China and India, coupled with rising income levels and increased purchasing power, have resulted in a significant surge in product demand, particularly within the food and beverage industry. The proliferation of food and beverage startups, especially in India, is expected to further bolster this trend, contributing to increased demand across multiple sectors in the foreseeable future.
Major companies operating in the Global Malonic Acid Market are:
- Lonza Group
- Thirumalai Chemicals Ltd.
- Central Drug House (P) Ltd.
- Columbus Chemical Industries, Inc.
- Tokyo Chemical Industry Co., Ltd.
- Trace Zero LLC
- Merck KGaA
- J&K Scientific Ltd.
- Lygos Inc.
- Hefei TNJ Chemical Industry Co., Ltd.
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“Malonic acid and its derivatives are rapidly emerging as significant players in the polymer and resin industry. These compounds fulfill crucial roles as cross-linking agents and modifiers in the manufacturing of diverse polymers and resins. Their incorporation elevates the mechanical and thermal properties of these polymers, rendering them well-suited for an expanded spectrum of applications. This trend is anticipated to persist as industries increasingly gravitate towards advanced materials endowed with enhanced performance attributes. Moreover, green chemistry approaches, including bio-based production methods and catalytic processes, are gaining traction which not only reduce the environmental impact but also enhance the marketability of bio-malonic acid in eco-conscious industries creating a lucrative opportunity in the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Malonic Acid Market By Application (Flavor Enhancer, Additive, pH Controller, Precursor, Others), By End Use Industry (Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Malonic Acid Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Malonic Acid Market.
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Table of Content-Malonic Acid Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Malonic Acid Market
- Voice of Customer
- Global Malonic Acid Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Application (Flavor Enhancer, Additive, pH Controller, Precurser, Others)
6.2.2. By End Use Industry (Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, Others)
6.2.3. By Region
6.2.4. By Company (2022)
6.3. Market Map
- Asia Pacific Malonic Acid Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By End Use Industry
7.2.3. By Country
7.3. Asia Pacific: Country Analysis
7.3.1. China Malonic Acid Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Application
7.3.1.2.2. By End Use Industry
7.3.2. India Malonic Acid Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Application
7.3.2.2.2. By End Use Industry
7.3.3. Australia Malonic Acid Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Application
7.3.3.2.2. By End Use Industry