Global Fumaric Acid
Market Report
2025
The global Fumaric Acid market size will be USD 712.5 million in 2024. Increased use of fumaric acid in the manufacturing of different food and beverages is expected to boost sales to USD 1043.3554 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.60% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Fumaric Acid Market Report 2024.
According to Cognitive Market Research, the global Fumaric Acid market size will be USD 712.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|---|
Global Fumaric Acid Market Sales Revenue | 121212 | $ 712.5 Million | 121212 | 121212 | 121212 | 5.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Extraction Type Outlook: |
|
Market Split by Application Outlook: |
|
Market Split by End-Use Industry Outlook: |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of Fumaric Acid industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Fumaric Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Fumaric acid is an organic acid that occurs naturally and is a member of the dicarboxylic acid group. It is extensively distributed in nature, especially in fruits like berries, apples, and grapes. The food and beverage industry frequently uses fumaric acid, a white, crystalline substance with a sour taste, as a flavouring and acidulant. It's also used in a number of industrial processes, such as the manufacturing of polymers, resins, and medications. Because it may change pH levels and improve formulation stability, fumaric acid is used in many different applications and is essential to biological processes. The market's expansion is ascribed to dietary shifts, population growth, and the growing demand for processed foods and beverages. The rising market expansion has also been attributed to the pharmaceutical industry's increased requirement for fumaric acid in drug manufacture. Additionally, the development of this market has been positively impacted by the increased usage of fumaric acid as a food ingredient to improve stability and shelf life.
For instance, in May 2023, in order to satisfy the growing demand from the paint and coatings sector, Polynt announced an expansion of its resin production capacity. The opening of Polynt Coatings Canada Limited in Port Moody, British Columbia, will aid in the expansion. (Source: https://www.polynt.com/polynt-group-announces-coatings-resin-plant-opening-in-canada/ )
Food additives are used in processed foods, such as canned meat, chicken, and fish, as well as in chocolate milk, cocoa, eggnog, condensed milk, protein drinks, and salads. The FDA has approved these food additives for use both directly and indirectly in food. In the processed food sector, fumaric acid is a great food additive that is safe to use. The Japanese Food Service Association estimates that the country's processed food industry, which includes traditional Japanese, western, and health-conscious foods for young children and older people, would be worth US$220 billion in 2020. Additionally, the Ministry of Commerce & Industry estimates that India's exports of agricultural and processed food items will be about US$23.71 billion in 2022, up from about US$21.5 billion in 2021. The demand for fumaric acid is therefore anticipated to rise during the forecast period due to the processed food industry's increasing growth.
One notable development in the market is the rise in the use of organic food additives. A vital organic substance utilized in many different industries, such as the manufacture of unsaturated polyester resins, automobiles, and construction, fumaric acid is extracted from the plant Fumaria Officinalis. It is used in the automotive industry as an anchoring ingredient in mortars and grouts for body filler applications. Fumaric acid, frequently in combination with maleic anhydride, is used in the construction sector to produce concrete and coatings. The market's growing preference for organic food items is fueling fumaric acid demand. The increasing demand from consumers for natural and healthier food options is the reason for this trend. Thus, the need for organic food additives is rising as a result of the organic food industry's notable expansion.
The market's growth is hampered by the growing threat of alternatives from malic and citric acids. Other acidulants, especially citric and malic acids, are fiercely competing with fumaric acid across a range of sectors. Owing to its ability to soften water, citric acid is a common natural preservative and source of acidity in carbonated drinks in processed foods and the beverage industry. This weak organic acid efficiently breaks down trace metals in water. Citric acid is also widely used in pharmaceuticals and cosmetics, where it is used to modify the pH of skincare products. Manufacturers emphasize the large-scale production of citric acid above fumaric acid due to its wide range of applications. Fumaric acid is a useful chemical in the paint industry since it can increase the stability and longevity of paints. Likewise, in the rubber sector, it serves as a plasticizer, improving rubber's workability and flexibility. Fumaric acid is used in the convenience food and beverage industry as a food ingredient to maintain the flavour and consistency of a variety of goods.
The COVID-19 pandemic had a major effect on the global market for fumaric acid by upsetting supply chains and changing demand trends. Supply chain bottlenecks resulted from production and logistics slowing down during the early stages of the pandemic due to lockdowns and limitations. Effects differed throughout several end-use industries, including construction, food & beverage, and pharmaceuticals. When the demand for packaged and processed foods surged in the food and beverage industry, fumaric acid's use as a food additive briefly increased. Nonetheless, the construction sector had setbacks and decreased operations, which had an impact on the need for fumaric acid in unsaturated polyester resins.
We have various report editions of Fumaric Acid Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Several important sectors are the focus of the fumaric acid market participants. Fumaric acid is used as an acidulant in a variety of confections, baked goods, and beverages by companies like Fuso Chemical Co., Ltd. and Mitsubishi Chemical Corporation. Furthermore, companies such as Kraton Corporation are investing in cutting-edge production methods with the goal of increasing yield and reducing expenses. Pharmaceutical formulations that contain fumaric acid are being made by manufacturers such as Nippon Shokubai Co., Ltd. Furthermore, in order to satisfy the growing demand for ecologically friendly and sustainable products, several businesses are looking at bio-based production techniques.
June 2024: Research on the bacterium Basfia succiniciproducens, which can turn carbon dioxide and sugar into fumaric acid, was furthered by BASF. In partnership with three German institutions, this study is a component of the FUMBIO project and seeks to modify the bacteria to produce more fumarate during fermentation genetically. Because the CO2 employed in this process comes from industrial off-gas streams, it may lessen the carbon footprint of product production and foster the growth of the fumaric acid market. (Source: https://www.basf.com/global/en/media/news-releases/2024/06/p-24-208 ) March 2024: The first COVID-19 antiviral, Xocova (ensitrelvir fumaric acid), developed by Shionogi, received standard approval in Japan. The approval was predicated on the Phase 3 SCORPIO-SR study's encouraging outcomes, which showed antiviral and clinical efficacy in a largely vaccinated group with mild-to-moderate SARS-CoV-2 infection. Opportunities in the fumaric acid market are growing along with pharmaceutical industry research. (Source: https://www.shionogi.com/global/en/news/2024/03/20240305.html ) September 2023: The largest facilities in the world for producing fumaric and malic acid have been updated by Bartek Ingredients. Beginning in January 2023, the project is expected to deliver items to customers by the end of September 2024. Bartek anticipates that the new plant will raise the bar for environmental performance, efficiency, and safety on a worldwide scale. (Source: https://nutraceuticalbusinessreview.com/bartek-provides-update-on-malic-and-fumaric-acid ) January 2023: In Stoney Creek, Ontario, Canada, Bartek Ingredients started building the biggest factory for fumaric and malic acid in the world. The initiative, worth USD 175 million, intends to cut greenhouse gas emissions by more than 80% per unit and double the company's production capacity. The plant is anticipated to be operational by the end of 2024 and will improve food and beverage product capacities. (Source: https://www.profoodworld.com/industry-news/news/22657456/bartek-building-worlds-largest-malic-and-fumaric-acid-facility )
Top Companies Market Share in Fumaric Acid Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America currently dominates the Fumaric Acid market, and the region is expected to have significant growth during the projected period. This expansion is driven by important industries in the construction, pharmaceutical, and food and beverage sectors. The demand for fumaric acid, which provides flavour and preservation qualities, has increased as a result of the increased manufacturing of food goods. Additionally, the region's need for fumaric acid has grown as a result of the building industry's growing use of paints.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) driven by robust demand in a variety of industries, including pharmaceuticals, cosmetics, and food and beverage. Fumaric acid is widely used as a food acidulant in the region's huge food processing industry, and the demand for it is rising in the personal care and pharmaceutical industries due to increased urbanization. The existence of important market players and competitive manufacturing capabilities further reinforces APAC's market dominance.
The current report Scope analyzes Fumaric Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
According to Cognitive Market Research, the global Fumaric Acid market size was estimated at USD 712.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 285.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
According to Cognitive Market Research, the global Fumaric Acid market size was estimated at USD 712.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 213.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
According to Cognitive Market Research, the global Fumaric Acid market size was estimated at USD 712.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 163.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
According to Cognitive Market Research, the global Fumaric Acid market size was estimated at USD 712.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 35.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
According to Cognitive Market Research, the global Fumaric Acid market size was estimated at USD 712.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 14.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031..
Global Fumaric Acid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fumaric Acid Industry growth. Fumaric Acid market has been segmented with the help of its Extraction Type Outlook:, Application Outlook: End-Use Industry Outlook:, and others. Fumaric Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Fumaric Acid Market?
According to Cognitive Market Research, the fermentation category is likely to dominate the Fumaric Acid Market over the forecast period. Due to its abilities as an acidulant, flavour enhancer, and pH regulator, fumaric acid, a dicarboxylic organic acid, is important in many different sectors. Fruits, vegetables, and drinks, such as apples, grapes, and carrots, are frequently treated with fumaric acid in the food business to improve flavour and maintain freshness. Fumaric acid is a raw chemical used in industry to make textiles and polymers. Alternative production methods, including fermentation utilizing renewable resources, are being investigated as a result of the rising expense of fumaric acid obtained from petroleum. About 85% of fumaric acid is produced using this method, which is three times less expensive than its equivalent that is obtained from petrochemicals.
The maleic anhydride is the fastest-growing segment in the Fumaric Acid Market driven by the wide range of applications it can be used for and the growing demand from different sectors. Catalytic isomerization, which guarantees great efficiency and cost-effectiveness, uses maleic anhydride as a primary raw material to produce fumaric acid. Fumaric acid is used extensively as an acidulant and preservative in the growing food and beverage industries, which has greatly increased demand for maleic anhydride. Further fueling its expansion, especially in the building and automotive industries, is its use in the production of unsaturated polyester and alkyd resins.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fumaric Acid Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the food additives segment holds the largest share of the market due to fumaric acid's increasing demand in the food and beverage sector. The benefits this application offers, like improving the taste, extending the shelf life, and preserving the quality of various food types, including fruit juices, gelatin desserts, chilled biscuit dough, wheat and corn tortillas, pie fillings, etc., have also raised the demand for fumaric acid as a food additive. Furthermore, the expansion of this category has also been aided by the rising demand and consumption of organic food additives.
In the Fumaric Acid Market, the rosin paper has been expanding at a rapid pace. The packaging industry's growing need for rosin paper is the reason behind this expansion. The packaging industry makes extensive use of rosin paper because of its toughness and protective qualities. The market expansion of this segment has also been aided by the growing use of rosin paper in the construction sector as a flooring and surface protection underlayment.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
According to Cognitive Market Research, the pharmaceutical segment holds the largest market share propelled by its growing use in the discovery and formulation of pharmaceuticals. Since fumaric acid can stabilize, modify pH, and act as an acidulant, it is frequently employed as an excipient in medicinal formulations. The manufacture of tablets, capsules, and other dosage forms relies heavily on it because of its capacity to increase the solubility and bioavailability of active pharmaceutical ingredients (APIs). Further increasing demand in this category is the use of fumaric acid, namely dimethyl fumarate, in treatments for psoriasis and multiple sclerosis.
In the Fumaric Acid market, the rapidly growing sector is the food & beverage category because fumaric acid has become more widely used in the manufacturing of convenience foods. Fumaric acid is a preservative that extends the products' shelf life and improves their flavour and scent. Moreover, the market has grown as a result of the increased demand for beverages including wine, energy drinks, and juices respectively. Additionally, fumaric acid is utilized to make baked goods and jelly. This market has grown as a result of the increased demand for processed food brought on by changes in lifestyle and population growth.
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Extraction Type Outlook: | Fumaria Officinalis, Maleic Anhydride, Fermentation |
Application Outlook: | Food Additives, Rosin Paper, Unsaturated Polyester Resins (UPR), Alkyd Resins, Animal Feed, Others |
End-Use Industry Outlook: | Food & Beverage, Cosmetics, Pharmaceutical, Chemical |
List of Competitors | Merck KGaA, Nippon Shokubai Co., Ltd., Anmol Chemicals Private Limited, Bartek Ingredients Inc., Changmao Biochem Engineering Company Limited, Polynt, Fuso Chemical Co. Ltd, Kraton Corporation, ESIM Chemicals GmbH, UPC Group of Companies, Mitsubishi Chemical Corporation, Thirumalai Chemicals, Yongsan Chemicals Inc. |
This chapter will help you gain GLOBAL Market Analysis of Fumaric Acid. Further deep in this chapter, you will be able to review Global Fumaric Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Fumaric Acid. Further deep in this chapter, you will be able to review North America Fumaric Acid Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Fumaric Acid. Further deep in this chapter, you will be able to review Europe Fumaric Acid Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Fumaric Acid. Further deep in this chapter, you will be able to review Asia Pacific Fumaric Acid Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Fumaric Acid. Further deep in this chapter, you will be able to review South America Fumaric Acid Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Fumaric Acid. Further deep in this chapter, you will be able to review Middle East and Africa Fumaric Acid Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Fumaric Acid. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Extraction Type Outlook: Analysis 2019 -2031, will provide market size split by Extraction Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Extraction Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-Use Industry Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fumaric Acid market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Fumaria Officinalis have a significant impact on Fumaric Acid market? |
What are the key factors affecting the Fumaria Officinalis and Maleic Anhydride of Fumaric Acid Market? |
What is the CAGR/Growth Rate of Food Additives during the forecast period? |
By type, which segment accounted for largest share of the global Fumaric Acid Market? |
Which region is expected to dominate the global Fumaric Acid Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|