- Food Grade
- Technical Grade
Fumaric Acid Market size was valued at USD 762.8 million in 2022 and is poised to grow at a CAGR of 4.8% from 2023-2029. The global market provides a detailed overview of the market, and that can be segmented by product type, by application. By product type, the global fumaric acid market has been segmented into Food Grade, Technical Grade. The food grade segment is likely to be the largest and fastest-growing segment in terms of product type. Based on application, the global fumaric acid market is segmented into Food and Beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care and cosmetics, and Others. Among these, the food and beverage processing segment is expected to have the fastest-growing market during the forecast period 2022-2028.
Fumaric Acid Market Key Development:
In May 2021, Nestle decided to engage in several projects to expand its brand recognition and product line in the country. Nestle intends to invest around USD 103.4 million in the capacity expansion of its current pet food plant in Tianjin and its first plant-based product manufacturing facility in Asia.
Fumaric Acid Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.8%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Fumaric Acid Market Dynamics
Fumaric acid is used as an acidulant, a pH controller, and a flavor enhancer in the food and beverage industry. The increased usage of flavoring additives and the rising popularity of processed foods has led to an increase in the demand for fumaric acid on the international market. Rosin paper sizes, medical & healthcare, and printing inks are some additional significant fumaric acid end-users. Important market potential for fumaric acid is anticipated to arise throughout the forecasted period due to increased demand for sports and health drinks.
Asia-Pacific Got Significant Share
Fumaric Acid Market Regional Analysis
By region, Asia Pacific region held the most significant regional share in 2021 and expected to witness the highest market share during the forecast period due to increasing demand for convenience food, growth in per capita income, and a population increase anticipated to remain dominant during the projection period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Fumaric Acid Market Segmentation
By Product Type
By Application
- Food and Beverage Processing
- Rosin Paper Sizing
- Unsaturated Polyester Resin
- Alkyd Resin
- Personal Care & Cosmetics
- Others
By Geography
- Asia Pacific
- Europe
- North America
- Latin America
- MEA
Frequently Asked Questions
The global fumaric acid market size is valued at USD 762.8 million in 2022 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.
The fumaric acid-related health risk is a factor that can hinder the market growth.
The major key players in the fumaric acid market are 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, and Huntsman Corporation.
| 1. Executive Summary |
| 2. Global Fumaric Acid Market Introduction |
| 2.1. Global Fumaric Acid Market Taxonomy |
| 2.2. Global Fumaric Acid Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Application |
| 3. Global Fumaric Acid Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Fumaric Acid Market Dynamic Factors - Impact Analysis |
| 3.6. Global Fumaric Acid Market Competition Landscape |
| 4. Global Fumaric Acid Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Fumaric Acid Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Food Grade |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Technical Grade |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Fumaric Acid Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Food and Beverage Processing |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Rosin Paper Sizing |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Unsaturated Polyester Resin |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Alkyd Resin |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Personal Care & Cosmetics |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Fumaric Acid Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Fumaric Acid Market - Opportunity Analysis Index, By Product Type, Application and Region, 2023 - 2029 |
| 8. North America Fumaric Acid Market Analysis 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Food Grade |
| 8.1.2. Technical Grade |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Food and Beverage Processing |
| 8.2.2. Rosin Paper Sizing |
| 8.2.3. Unsaturated Polyester Resin |
| 8.2.4. Alkyd Resin |
| 8.2.5. Personal Care & Cosmetics |
| 8.2.6. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Fumaric Acid Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 8.5. North America Fumaric Acid Market Dynamics Trends |
| 9. Europe Fumaric Acid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Food Grade |
| 9.1.2. Technical Grade |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Food and Beverage Processing |
| 9.2.2. Rosin Paper Sizing |
| 9.2.3. Unsaturated Polyester Resin |
| 9.2.4. Alkyd Resin |
| 9.2.5. Personal Care & Cosmetics |
| 9.2.6. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Fumaric Acid Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 9.5. Europe Fumaric Acid Market Dynamics Trends |
| 10. Asia-Pacific Fumaric Acid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Food Grade |
| 10.1.2. Technical Grade |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Food and Beverage Processing |
| 10.2.2. Rosin Paper Sizing |
| 10.2.3. Unsaturated Polyester Resin |
| 10.2.4. Alkyd Resin |
| 10.2.5. Personal Care & Cosmetics |
| 10.2.6. Others |
| 10.3. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Fumaric Acid Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Fumaric Acid Market Dynamics Trends |
| 11. Latin America Fumaric Acid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Food Grade |
| 11.1.2. Technical Grade |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Food and Beverage Processing |
| 11.2.2. Rosin Paper Sizing |
| 11.2.3. Unsaturated Polyester Resin |
| 11.2.4. Alkyd Resin |
| 11.2.5. Personal Care & Cosmetics |
| 11.2.6. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Fumaric Acid Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 11.5. Latin America Fumaric Acid Market Dynamics Trends |
| 12. Middle East and Africa Fumaric Acid Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Food Grade |
| 12.1.2. Technical Grade |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Food and Beverage Processing |
| 12.2.2. Rosin Paper Sizing |
| 12.2.3. Unsaturated Polyester Resin |
| 12.2.4. Alkyd Resin |
| 12.2.5. Personal Care & Cosmetics |
| 12.2.6. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Fumaric Acid Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023 - 2029 |
| 12.5. MEA Fumaric Acid Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. FUSO CHEMICAL CO., LTD. |
| 13.2.2. Bartek Ingredients Inc. |
| 13.2.3. Thirumalai Chemicals Ltd. |
| 13.2.4. UPC Technology Corporation. |
| 13.2.5. YONGSAN CHEMICALS. |
| 13.2.6. XST Biological Co., Ltd. |
| 13.2.7. Changmao Biochemical Engineering Company Limited. |
| 13.2.8. Prinova Group LLC. |
| 13.2.9. WEGO CHEMICAL GROUP |
| 13.2.10. The Chemical Company. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- FUSO CHEMICAL CO., LTD.
- Bartek Ingredients Inc.
- Thirumalai Chemicals Ltd.
- UPC Technology Corporation.
- YONGSAN CHEMICALS.
- XST Biological Co., Ltd.
- Changmao Biochemical Engineering Company Limited.
- Prinova Group LLC.
- WEGO CHEMICAL GROUP
- The Chemical Company.