According to estimates, sodium malate sales worldwide are expected to reach US$ 611 million by 2023. In a detailed industry analysis, the global sodium malate market is projected to record a CAGR of 4.0% and reach US$ 898.6 million by 2033.
An increase in the demand for sodium malate in cosmetics has propelled the industry. Alpha-Hydroxy Acids (AHAs), which are found in naturally occurring malic acid, have numerous uses such as thorough chemical cleansing, moisturising, and wrinkle reduction. Their role is to keep the skin healthy by cleaning it and promoting the natural cycle of skin cell renewal.
To address the demand for beverages, leading players in the industry are concentrating on creating products with a longer shelf life that contain disodium salt and hydroxybutyrate dioic acid. For example, the German chemical company Evonik Industries AG has created a natural flavor-protecting solution called TasteGuard that is intended to preserve beverage flavours and colours.
The primary growth driver is the increasing demand from the youthful population worldwide for fruit juices, distilled spirits, and smoothies. Most businesses are creating creative brands in response to the growing demand for low-calorie drinks and health consciousness. As a result, handling and processing of soft drinks now uses more sodium malate.
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“The increase in sodium malate uses, particularly monosodium malate, as food additives in a variety of food products such as bakery and confectionery, flavored soft drinks, and meat products are propelling the market growth.” – says a lead analyst at Future Market Insights.
Key Takeaways from Market Study
- The sodium malate market is expected to record a CAGR of 4.0% over the forecast period.
- It is estimated that the sodium malate market in the Asia Pacific may remain strong during the forecast period.
- The monosodium malate segment accounted for the highest product share of the sodium malate market with a CAGR of 3.8%.
- The food and beverage segment has the highest revenue share in 2023 and is expected to rise at a CAGR of 3.9% between 2023 and 2033.
- It is expected that the market in the United States demonstrates a high level of growth by the year 2033.
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Competitive Landscape:
Leading players in the market focus on a variety of market consolidation activities, including mergers, acquisitions, supply distribution partnerships, and product launches. In order to stay ahead of the curve, manufacturers must expand their market footprint and offer solutions to their customers. A variety of end users can now choose from a wide range of customized solutions offered by leading manufacturers.
Several prominent companies dominate this market, including Sigma-Aldrich Corporation, Avantor Inc., Dr.Paul Lohmann Gmbh KG, Carbosynth Ltd, Tokyo Chemical Industry Co Ltd, BOC Sciences, MP Biomedicals LLC, Muby Chemicals, Penta Manufacturing Company, and others.
Recent Developments:
- Febreze, a brand of domestic odor eliminators made by Procter & Gamble, homes can be kept fresh with air-care products. These products contain sodium malate and sodium citrate as active components. Fabreze’s Air Effects is a distinctive air spray that eliminates odors and freshens the air with its unique scent.
- A line of lipsticks by Armani Beauty dubbed Beauty’s Lip Maestro contained diisostearyl malate, a safer alternative to sodium malate. Diisostearyl malate is a type of ester that prevents water loss and provides a smooth and creamy texture, making it an ideal ingredient for lip products.
Market Segmentation by Category
By Product:
- Monosodium Malate
- Disodium Malate
By End Use:
- Cosmetic & Personal Care
- Food & Beverage
- Animal Feed
- Others
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains anssssd industry trends across more than 110 countries.
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