According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the sodium malate market is estimated to reach a value of USD 715 Mn by 2032, surging at 4% CAGR through the decade.
Beverage consumption has skyrocketed in recent years, especially among Generation Z and millennials. The growing demand for distilled spirits, fruit juices, and smoothies among the younger generation is propelling the market forward. Furthermore, rising health-consciousness among consumers, as well as a need for low-calorie beverages, are compelling key players to create new products.
As a result, sodium malate is now used in the preservation and production of beverages, which is driving market growth. Changing lifestyles and rising consumer need for cosmetic products have recently contributed significantly to the market’s expansion.
The presence of Alpha-Hydroxy Acids (AHAs) in sodium malate, an acid, occurred naturally, with applications ranging from moisturizing the skin to wrinkle-free skin to extensive chemical peeling. They work by exfoliating the skin and hastening the natural process of rejuvenation of skin cells. As a result, the Sodium Malate Market is expected to expand between 2022 and 2032.
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Key Takeaways from Market Study
- Germany has been the highest revenue contributor among European countries, and it is expected to grow in the years 2022-2032.
- S.A is expected to grow at a faster CAGR between 2022 and 2032.
- China is one of the world’s largest consumers of cosmetics. China’s market is also expected to expand in the forecasted year 2022-2032.
- India’s economy is still in its early stages. Along with this, India’s population is growing. For the forecasted year 2022-2032, the market is expected to grow.
- The high demand for personal care products in Japan is propelling the Sodium Malate market, which is expected to expand during the forecasted year 2022-2032.
“Government regulations restricting the use of sodium malate as a humectant in cosmetics are driving the market growth. Sodium Malate is used as a food additive in the food industry that not only helps to enhance flavors but also acts as a pH regulator, which is expected to further boost the overall market developments of the Sodium Malate Market from 2022 to 2032,” says a Future Market Insights analyst.
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Who is winning?
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies used by Sodium Malate Market participants.
- In the aftermath of covid-19 and the lockdown situation, Fabreze, an American brand of household odour eliminators manufactured by Procter & Gamble, launched air-care products in January 2021 to keep the air at home fresh. The active ingredients in the products are sodium citrate and sodium malate.
- Armani Beauty launched a lipstick line called Beauty’s Lip Maestro in May 2021, with Diisostearyl Malate as a constituent, a safer alternative to sodium malate.
Sigma-Aldrich Corporation, Avantor Inc., Dr.Paul Lohmann Gmbh KG, Carbosynth Ltd, Tokyo Chemical Industry Co Ltd, BOC Sciences, MP Biomedicals LLC, Muby Chemicals, and Penta Manufacturing Company are some of the key market players in the Sodium Malate Market.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global sodium malate market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Market Segments Covered in Sodium Malate Industry Analysis
Type
- Monosodium Malate
- Disodium Malate
Application
- Food and Beverages
- Personal Care
- Cosmetics
- Animal Feed
Region
- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- Middle East & Africa (MEA)
- Oceania
- Japan