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", offers a comprehensive analysis of the industry, which comprises insights on the global fumaric acid market share. The global 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 is extensively utilized as a food additive due to its effectiveness as a flavor enhancer and its robust acidulant properties. It helps in pH adjustment and preservation, extending the shelf life of various products. Additionally, the growing consumer preferences for ready-to-drink (RTD) beverages, energy drinks, and processed foods is driving the demand for food-grade fumaric acid. Fumaric acid is also vital in baking powders and dessert mixes, enhancing texture and stability. The role of fumaric acid is becoming increasingly pivotal as consumption patterns shift towards convenience foods and specialty beverages.

• Bio-based Fumaric Acid Segment:

Traditional fumaric acid production, primarily derived from petrochemical processes, faces environmental scrutiny due to concerns over carbon emissions and other pollutants. This is resulting in a noticeable shift towards the production of fumaric acid using renewable resources, such as maize, wheat starch, and other biomass. This not only aligns with sustainability goals but also meets the stringent regulatory standards imposed by governing bodies in many countries. The bio-based variant offers comparable functional benefits while ensuring a reduced environmental footprint, making it increasingly preferable among manufacturers, especially in environmentally conscious markets.

• Technological Advancements in Production Techniques:

Advances in biotechnological techniques are enabling more efficient processes for producing fumaric acid, particularly through fermentation methods. These advancements enhance the yield and purity of fumaric acid, reducing production costs and improving the scalability of operations. Moreover, continuous improvements in catalysis and enzymatic methods are optimizing the synthesis of fumaric acid, making it more cost-effective and appealing for a broader range of industrial applications. These technological developments are not only crucial for meeting the increasing demand but also for maintaining a competitive edge and compliance with tightening environmental regulations.

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 growing use of fumaric acid in animal feed, where it serves as an acidifier to improve feed efficiency and promote healthier livestock, is offering a favorable market outlook. This application is gaining traction due to the increase in meat consumption and the subsequent demand for higher feed quality.

Furthermore, the rising use of fumaric acid in energy storage systems, especially in the production of flow batteries, is bolstering the market growth. Its chemical properties can potentially enhance the longevity and efficiency of storage cells, aligning with the demand for renewable energy solutions.

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: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163