Fumaric Acid Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Fumaric Acid Market: By Product Type (Food Grade, Technical Grade), By Application (Food and Beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, Others), and by Geography

 

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Report

Description

Fumaric Acid Market size was valued at USD 762.8 million in 2021, growing at a CAGR of 4.8% during the forecast period from 2022 to 2028. 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 & 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.

 

Key Development:

In May 2021, Nestle made the decision to engage in several projects in order 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

MARKET SUMMARY
-
4.8% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.8%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Fumaric Acid Market

  • The report on fumaric acid market gives historical, current, and future market sizes (US$ Bn) based on device type, pump type, application, application, and region.
  •  The fumaric acid market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players
  • FUSO CHEMICAL CO., LTD.
  • Bartek Ingredients Inc.
  • Thirumalai Chemicals Ltd.
  • UPC Technology Corporation.
  • YONGSAN CHEMICALS.
Fumaric Acid Market Drivers And Restraints

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

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Fumaric Acid Market report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.
Fumaric Acid Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The global fumaric acid market size is valued at USD 762.8 million in 2021 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.


Report

Table Of Content

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,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Food Grade
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Food and Beverage Processing
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
8. North America Fumaric Acid Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Food Grade
8.1.2. Technical Grade
8.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028by 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, 2022 – 2028
8.5. North America Fumaric Acid Market Dynamics – Trends
9. Europe Fumaric Acid Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Food Grade
9.1.2. Technical Grade
9.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
9.5. Europe Fumaric Acid Market Dynamics – Trends
10. Asia-Pacific Fumaric Acid Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Food Grade
10.1.2. Technical Grade
10.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 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 Analysis2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.5. Asia-Pacific Fumaric Acid Market Dynamics – Trends
11. Latin America Fumaric Acid Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Food Grade
11.1.2. Technical Grade
11.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.5. Latin America Fumaric Acid Market Dynamics – Trends
12. Middle East and Africa Fumaric Acid Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Food Grade
12.1.2. Technical Grade
12.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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

Report

Company Profile

  • 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.

Description

Fumaric Acid Market size was valued at USD 762.8 million in 2021, growing at a CAGR of 4.8% during the forecast period from 2022 to 2028. 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 & 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.

 

Key Development:

In May 2021, Nestle made the decision to engage in several projects in order 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.

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