Malonic Acid Market Size, Share & Trends Analysis Report By Application (Precursor, API, Additive, Flavor Enhancer, pH Controller), By End-use (Food & Beverage, Pharmaceutical), By Region, And Segment Forecasts, 2023 - 2030

Malonic Acid Market Size & Trends

The global malonic acid market size was valued at USD 108.1 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030.Malonic acid is a type of dicarboxylic acid characterized by the chemical formula C3H4O4. It is a crystalline powder with a sharp taste; it is soluble in both water and ethanol. This compound is heavily utilized in various industries, such as pharmaceuticals, food and beverage, and agriculture.The market for malonic acid has witnessed increased demand because of rising agricultural demand.

Malonic acid, a decarboxylated organic compound, finds widespread application in the agricultural industry owing to its role as a precursor for synthesizing a range of herbicides, insecticides, and fungicides. Additionally, its effectiveness as a pH adjuster and buffer in agriculture formulations makes it a valuable component in crop protection products. This, in turn, is expected to positively impact the overall industry growth in the coming years.

The U.S. is one of the major markets for malonic acid globally. The demand for malonic acid is expected to surge due to rising demand for pharmaceutical, food additives, and cosmetic sectors. Notably, there is a surfacing trend in utilizing renewable raw materials for incorporating malonic acid in industrial processes, thereby reflecting an increasing inclination towards sustainable and eco-friendly practices in the chemical industry.

This has prompted the emergence of novel production methods and technologies that are both eco-friendly and efficient. Moreover, the U.S. market's growth is anticipated to endure in the upcoming years, thanks to the advancement of these improved production methods and technologies.

End-use Insights

The food & beverage end-use segment dominated the market with a revenue share of 28.1% in 2022. It is attributed to the rising production of food additives and flavoring agents such as malonates, which are commonly used in the food and beverage industry to enrich the taste and preserve freshness. Malonic acid is a highly valued acidulant and flavoring agent in the food processing industry, it has excellent blending abilities and its capacity to enhance flavors.

The food and beverage industry has witnessed a surge in demand for its products, with particular emphasis on Asian and Middle Eastern markets. The increasing domestic consumption of food and beverage products is a direct consequence of various factors, including population growth, product diversification through new product launches, and a robust network of retail outlets that facilitates product accessibility and distribution.

The increasing usage of malonic acid derivatives in the pharmaceutical sector as a fundamental building block for synthesizing several drugs is expected to drive market demand. In the pharmaceutical industry, malonic acid serves as a crucial precursor for producing essential drugs, including barbiturates, vitamin B1, and non-steroidal anti-inflammatory drugs (NSAIDs).

The demand for malonic acid is substantial in the production of plant growth regulators that exert the capability to inhibit or stimulate plant growth. These regulators are essential for improving crop yield, quality, and stability against environmental stressors. The formulation of malonic acid can further enhance the delivery of critical micronutrients such as zinc, manganese, and iron to crops, resulting in overall improved plant growth and enhanced yield. These developments have profound implications in terms of fostering the production of foods in the market.

Application Insights

The flavor enhancer application segment dominated the market with a revenue share of 26.1% in 2022. This high share is attributed to the usage of malonic acid as a flavoring agent and acidulant within the food and beverage industry has resulted in a significant boost in demand, and this growth is projected to persist over the forecasted period.

The growing use of malonic acid as a flavoring agent and acidulant in the food and beverage industry has resulted in substantial expansion opportunities for manufacturers. In addition, it is used as an acidity controller, food preservative, and pharmaceutical excipient, as well as a precursor to polyesters and an active component in alkyd resins.

Regional Insights

The Europe region dominated the market with a revenue share of 40.4% in 2022 due to the presence of several end-use industries includingfood & beverage, pharmaceutical,agriculture, plastics, paints & coatings, and other applications the growth of these industries is expected to fuel the demand for the product over the forecasted years.

In developed countries, utilization of the product in various end-use sectors like food & beverages, pharmaceuticals, personal care & cosmetics is more widespread, and this trend is anticipated to augment the market in North America in the near future. The North American region stands out due to the presence of significant food & beverage and pharmaceutical industries such as Abbott; Pfizer Inc.; Merck Sharp & Dohme Corp.; and Bristol-Myers Squibb Company Furthermore, the thriving pharmaceutical sector in countries like Mexico and the U.S. is projected to increase demand for the products.

China, India, and Japan represent the predominant manufacturing nations in the region. The escalating population levels in countries such as China and India, alongside the increasing income levels and purchasing power parities of the populace, have resulted in a substantial surge in product demand in the food and beverage industry. The proliferation of food and beverage start-ups, particularly in India, is expected to further contribute to this trend, propelling industry demand across several industries in the foreseeable future.

Key Companies & Market Share Insights

International corporations are actively pursuing capacity expansions, collaborating with distributors in partner agreements, research & development, and pursuing other effective operational strategies to enhance their competitive edge in the market. For instance,Lygos Inc. made a public announcement in November 2022, detailing their research and development collaborative efforts with Ginkgo Bioworks. The two companies intend to undertake research in two specific programs for around two years, to develop biodegradable formulations and specific products constructed from polymers. Most of the key industry players are integrated across the value chain posing entry barriers for new market players. Some prominent players in the global malonic acid market include:

• Lonza Group

• Wuhan Kemi-Works Chemical Co., Ltd.

• Shanghai Nanxiang Reagent Co., Ltd.

• Columbus Chemical Industries, Inc.

• TATEYAMA KASEI co., Ltd

• Trace Zero LLC

• Medical Chem (Yancheng) Manuf.Co., Ltd.

• J&K Scientific Ltd.

• Lagos

• Hefei TNJ Chemical Industry Co., Ltd.

Malonic Acid Market Report Scope

Global Malonic Acid Market Report Segmentation

This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global malonic acid market report based on application, end-use, and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Flavor Enhancer

  • API

  • Additive

  • pH Controller

  • Precurser

  • Other Applications

• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Food & Beverage

    • Confectionery

    • Beverages

    • Fruit Preparations & Preserves

    • Baked Items

    • Others

  • Pharmaceutical

  • Agriculture

  • Plastics

  • Paints & Coatings

  • Other End-use

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa