Malic Acid Market Research Report- Forecast to 2030
August 23, 2023 ⚊ 1 Min read ⚊ Views 42 ⚊ BLOGThe Malic Acid Market is estimated to be valued at USD 0.28 Billion by 2030, expanding at a CAGR of 5.00% during the forecast period. Growing demand of Malic Acid in the foods & beverages industry, dominance of hair & skin care with multi-functional ingredients, and ever increasing benefits of malic acid are the major factors driving the growth of the market. Application of Malic Acid in food & beverages industry accounted for the largest market share. It has been projected to grow at the highest CAGR on account of increasing demand owing to changing product trend among consumer for use of multifunctional and naturally derived ingredients in the end products.
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