Sodium Malate Market size is estimated at 648 Million by 2019, growing at a CAGR of 4.2% during the forecast period 2020-2025. Sodium malate is a sodium salt of malic acid which is used as a food additive where it acts as an acidity regulator and flavoring agent. Malic acid is a racemic mixture of naturally occurring L-malic acid and D-malic acid. Malic acid is used in cosmetic product formulation and is generally recognized as safe as a direct food additive for use as a flavor enhancer, flavoring agent and adjuvant and as a pH control agent. Moreover, the rising use of sodium malate as a food additive in various food products such as bakery and confectionary, flavored Soft drinks and meat products is driving its market growth. In addition, the players in the Sodium Malate market are focusing on developing products with a longer shelf-life in order to meet with the growing demand for beverages consumption. Furthermore, stringent government regulation for use in sodium malate in cosmetic is propelling its market. For instance, in December 2017 the CIR Expert Panel issued a tentative Amended report with the conclusion that malic acid and sodium malate are safe in cosmetics in the present practices of use.
Sodium Malate Market Segment Analysis - By End-User
By End-User, the Sodium Malate Market is segmented into Food & Beverage, Personal Care & Cosmetics and Animal Feed. The Personal Care and Cosmetics segment held the largest market share in 2019 owing to its usage as a skin conditioning agent-humectant which keeps the water content of a cosmetic in its packaging and keeps the skin in good condition. Also, food and beverage segment are projected to witness growth at fastest CAGR 4.9% in forecast period 2020-2025 owing to its wide range of application in the production of bakery products such as pizza, bread, cakes, pastries and soft drinks. They are widely used as a flavor additive in juices, soft drinks and other beverages. Thus, increase in demand for advanced Sodium Malate in beverages and cosmetic industry is likely to accelerate rapidly in the near future.
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Sodium Malate Market Segment Analysis - By Application
By Application, the Sodium Malate is segmented into Flavoring Agent, Acidity Regulator and Humectant. Flavoring Agent segment held the largest market share in the year 2019 by the virtue of its enormous application in various food service industry. Rising demand of sodium malate as a flavoring agent in food sector is set to propel the adoption of innovative Sodium Malate in the future, which in turn is projected to drive the industry demand. Moreover, the use of malic acid in carbonated beverages improves economies, especially in artificially sweetened products and beverages as it enhances fruit flavors, improves pH stability and masks the aftertaste of some salts is driving the market growth.
Sodium Malate Market Segment Analysis - Geography
APAC contributed to the largest market share of more than 33% in 2019 owing to the presence of large companies in the region including Zhengzhou Ruipu Biological Engineering Co and Great Wall Biochemical Engineering Co., Ltd. Rising demand of processed food along with the growing innovation in cosmetic industry in this region have highly supported the growth of regional market. North America Sodium Malate market is another dominant market owing to the presence of Avantor Inc., and Sigma-Aldrich.
Sodium Malate Market Drivers
Growing Consumption of Beverages across the Globe
The growing consumption of beverages across the globe is a significant factor driving the Sodium Malate market during the forecast period 2020-2025. Rising demand of fruit juices, distilled spirits, smoothies among the younger generation is fueling its market growth. Furthermore, the rising health-conscious population and the demand of low-calorie in beverages is compelling most companies to develop new products. This has further led to the adoption sodium malate in beverages for production and preservation of beverages which in turn is boosting its market growth.
Rising demand of Sodium Malate in Cosmetic Industry
Rising demand of sodium malate in cosmetic industry is a major factor driving the Sodium Malate Market during the forecast period 2020-2025. Changing lifestyle and the rising demand of cosmetic products across the globe is contributing to its market growth. Moreover, the presence of Alpha-Hydroxy Acids (AHAs) in malic acid a naturally occurring acids whose range of application extends from skin moisturizing, wrinkle reduction to deep chemical peeling of the skin. They act by inducing exfoliation in the skin and accelerating the natural skin cell rejuvenation cycle.
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Sodium Malate Market Challenges
Side-Effects of Sodium Malate
Some of the factors that may impede the growth of Sodium Malate Market during the forecast period 2020-2025 are the side-effects associated with consumption of sodium malate leading to lowering blood-pressure. Therefore, excess consumption of sodium malate in food is a major factor restraining its market growth in the upcoming years.
Sodium Malate Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Sodium Malate Market. Sodium Malate Market top 10 companies are Sigma-Aldrich Corporation, Avantor Inc., Dr.Paul Lohmann Gmbh KG, Carbosynth Ltd, Tokyo Chemical Industry Co Ltd, BOC Sciences, MP Biomedicals LLC, Muby Chemicals, Fintech Industry Ltd and Penta Manufacturing Company.
Note: Sodium Malate Market does not have any recent developments.
Key Takeaways
The Personal Care and Cosmetics segment held the largest market share in 2019 owing to its usage as a skin conditioning agent-humectant which keeps the water content of a cosmetic in its packaging and keeps the skin in good condition.
Flavoring Agent segment held the largest market share in the year 2019 by the virtue of its enormous application in various food service industry.
APAC contributed to the largest market share of more than 33% in 2019 owing to the presence of large companies in the region including Zhengzhou Ruipu Biological Engineering Co and Great Wall Biochemical Engineering Co., Ltd.
The growing consumption of beverages across the globe is a significant factor driving the Sodium Malate market during the forecast period 2020-2025.
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