Asia
During the second half of 2024, malic acid prices in Asia mostly followed a weak trend. Demand from food, beverage, and pharmaceutical sectors remained slow, especially in the later months of the year. Buyers were cautious and preferred to rely on existing stocks rather than placing fresh orders. Feedstock conditions played an important role, as maleic anhydride prices declined during Q4, which reduced production costs for malic acid manufacturers. In addition, stable availability of sugar-based raw materials for fermentation routes kept supply comfortable. Export demand stayed limited due to weak global trade activity, adding further pressure on the market. As a result, sellers struggled to push prices upward, and the overall sentiment remained subdued.
Europe
In Europe, malic acid prices remained stable to slightly weak in H2’24. Demand from food processing and industrial users was affected by slower economic activity and cautious purchasing behaviour. Seasonal slowdowns toward the end of the year further reduced consumption. Feedstock trends provided little support, as maleic anhydride prices declined and sugar-based raw materials were readily available. This kept production costs under control but also limited pricing power for producers. Buyers focused on short-term procurement and inventory management, which restricted market movement. Despite some supply adjustments, weak demand continued to outweigh any cost support, keeping prices under pressure.
North America
In North America, malic acid prices showed mild weakness during the second half of 2024. Consumption from beverages, packaged foods, and nutraceuticals remained steady but did not grow significantly. Downstream industries remained careful due to uncertain economic conditions. Feedstock availability was sufficient, with softer maleic anhydride costs and stable sugar supplies supporting smooth production. This helped manufacturers maintain margins but prevented any strong price recovery. Logistics issues caused minor fluctuations, but supply generally matched demand. Overall, the market lacked strong momentum and remained balanced to weak.