Fumaric Acid Market Size, Share, Leading Players, and Analysis up to 2028

Stratview Research has published a new report on the Fumaric Acid Market, segmented by Product Type (Food Grade, Technical Grade), by Application Type (Food and Beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.

Market Highlights

The fumaric acid market was estimated at USD 565.24 million in 2021 and is likely to grow at a CAGR of 4.3% during 2022-2028 to reach USD 763.67 million in 2028.

What is fumaric acid?

Fumaric acid is an organic compound that has a fruit-like taste. Fumaric acid is extensively used as a food additive. It is also known as trans-butene-dioic acid.

Market Dynamics

The fumaric acid market is experiencing significant growth due to several factors that are driving its demand in various industries. Some of the key factors contributing to the expansion of the fumaric acid market include-

• Expanding use in the polymer industry – Fumaric acid is used in the production of unsaturated polyester resins (UPRs), which are used in the production of products like paints, coatings, etc. The growing use of UPRs across various industries is expected to drive the demand for fumaric acid in the polymer industry.
• Growing Food and Beverage Industry: Fumaric acid is used as an acidulant and acidity regulator or pickling agent in the food and beverage industry. According to the Food and Agriculture Organization of the United Nations (FAO), feeding the world population in 2050 would call for increasing overall food production by ~70%. With the rising global population, the demand for processed food is increasing, leading to higher consumption of fumaric acid.
• Shift towards natural ingredients – Consumers are shifting towards natural and clean label ingredients in the food and beverage industry. Fumaric acids are naturally found in fruits and vegetables and can replace synthetic acidulants. The demand for fumaric acids is rising since the demand for natural and healthier products grows.

Segmentation –

Based on the application type, the market is segmented as food and beverage processing, rosin paper sizing, unsaturated polyester resin, alkyd resin, personal care & cosmetics, and others. The food and beverage processing segment is likely to dominate the market, as fumaric acid is the majorly used food additive for keeping processed food stable. Also, this additive decreases the pH value with minimum additional sourness.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for the fumaric acid market during the forecast period, driven by China. Also, the high demand for packed foods, increasing per-capita income, and growing population to also contribute to the region’s growth over the next five years.

Following are the key players in the Fumaric Acid Market:

• Anmol Chemicals
• Bartek Ingredients Inc.
• ESIM Chemicals
• FUSO CHEMICAL CO. LTD
• Merck KGaA
• Polynt
• Shanghai Changmao Biochemical Engineering Co., Ltd.
• Thirumalai Chemicals Ltd,
• UPC Group
• Yongsan Chemicals Inc.

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