IMARC Group's report titled "Fumaric Acid Market Report by Application (Food Additives, Rosin-Sized Sheathing Paper, Unsaturated Polyester Resins, Alkyd Resins, and Others), End-Use Industry (Food and Beverages Industry, Cosmetics Industry, Pharmaceutical Industry, Chemical Industry, and Others), and Region 2024-2032", The global fumaric acid market size reached US$ 775.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,134.5 Million by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/fumaric-acid-market/requestsample
Factors Affecting the Growth of the Fumaric Acid Industry:
- Increasing Demand from the Food and Beverage Industry:
Fumaric acid serves as a prominent food additive, prized for its dual role as a flavor enhancer and potent acidulant. Its versatility extends to pH regulation and preservation, contributing significantly to the prolonged shelf life of various consumables. The surging popularity of ready-to-drink beverages, energy drinks, and processed foods amplifies the demand for food-grade fumaric acid. Moreover, its indispensable presence in baking powders and dessert mixes underscores its significance in improving texture and stability. With evolving consumption trends favoring convenience foods and specialty beverages, the indispensability of fumaric acid continues to grow exponentially.
- Bio-based Fumaric Acid Segment:
Amidst the realm of traditional fumaric acid synthesis, which predominantly stems from petrochemical methodologies, arises a notable inquiry concerning its environmental ramifications, particularly pertaining to carbon emissions and sundry pollutants. This quandary has prompted a discernible pivot towards fumaric acid generation utilizing renewable reservoirs such as maize, wheat starch, and assorted biomass. This transition not only accords with sustainability aspirations but also accedes to the exacting regulatory paradigms imposed by governing entities across myriad nations. The bio-derived iteration furnishes commensurate functional advantages whilst concurrently ameliorating environmental encroachments, thereby progressively endearing itself to manufacturers, notably within environmentally cognizant markets.
- Technological Advancements in Production Techniques:
Recent strides in biotechnological methodologies are facilitating heightened efficacy in the manufacturing processes of fumaric acid, chiefly through the avenue of fermentation techniques. These breakthroughs augment both the volume and purity of fumaric acid, thereby curtailing production expenditures and elevating the scalability of operations. Furthermore, ongoing enhancements in catalytic and enzymatic approaches are streamlining the synthesis of fumaric acid, rendering it more economically viable and enticing for a broader spectrum of industrial utilities. These technological advancements not only stand as pivotal in meeting burgeoning demands but also in preserving a competitive advantage and ensuring adherence to increasingly stringent environmental protocols.
Leading Companies Operating in the Global Fumaric Acid Industry:
- Bartek Ingredients Inc.
- Dastech International
- Fuso Chemical Co., Ltd.
- Polynt
- Prinova Group
- Changzhou Yabang Chemical Co. Ltd.
- Nippon Shokubai
- The Chemical Company
- Thirumalai Chemicals
- U.S. Chemicals
- Wego Chemical Group
- Huntsman Corporation
Fumaric Acid Market Report Segmentation:
By Application:
- Food Additives
- Rosin-Sized Sheathing Paper
- Unsaturated Polyester Resins
- Alkyd Resins
- Others
Food additives exhibit a clear dominance in the market due to their widespread use in enhancing flavor, preserving freshness, and improving texture in various food products.
By End-Use Industry:
- Food and Beverages Industry
- Cosmetics Industry
- Pharmaceutical Industry
- Chemical Industry
- Others
The food and beverages industry represents the largest segment owing to the extensive incorporation of fumaric acid in food and beverage formulations.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific dominates the market, driven by the increasing demand for processed food products among the masses.
Global Fumaric Acid Market Trends:
The burgeoning utilization of fumaric acid in animal nourishment, where it acts as an acidifying agent to ameliorate feed efficacy and foster robust livestock well-being, presents a promising market projection. This utilization gains momentum owing to the surge in meat consumption and the ensuing call for elevated feed caliber.
Moreover, the escalating adoption of fumaric acid in energy retention systems, particularly in the fabrication of flow batteries, is fortifying market expansion. Its chemical attributes hold the potential to augment the durability and effectiveness of storage cells, aligning harmoniously with the quest for sustainable energy resolutions.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163