all report title image

Fumaric acid is a white solid and occurs widely in nature. This organic compound has a fruity taste. Its E297 number refers to the substance fumaric acid and the salts and esters of fumaric acid. Fumaric acid salts are also referred to as fumarates. In chemical terms, fumarate is a C2 compound In addition to its use in foods, fumaric acid has been found in various other products. It is widely used in wheat tortillas, sourdough, rye breads, refrigerated biscuit dough, and fruit juices. It is also used as a preservative in alcoholic beverages, as well as in cleaning products.

Market Statistics:

The global fumaric acid market was valued at US$ 255 Mn in 2021 and is forecast to reach a value of US$ 349 Mn by 2030 at a CAGR of 3.88% between 2022 and 2030.

North America held dominant position in the global fumaric acid market in 2020, accounting for 38.5% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1. Global Fumaric Acid Market Value Share (%), By Region, 2021

Fumaric Acid  | Coherent Market Insights

Recent Developments:

In October 2021, ESIM Chemicals has completed the sale of its IM (Intermediate Business) unit to the USA Company Vertellus, founded in 1857, headquartered in Indianapolis, Indiana, is a manufacturer of niche specialty products. The company will now focus mainly on the development and production of specialty chemical products.

In February 2022, Merck KGAA, acquired Exelead, following the regulatory clearances, for approximately USD 780 million in cash. The business combination is expected to enable Merck’s Life Science business sector to provide its customers with comprehensive end-to-end contract development and manufacturing organization (CDMO) services across the mRNA value chain. Merck plans to further invest over € 500 million to scale up Exelead’s technology over the next ten years.

CMI table icon

Fumaric Acid Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 255 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 3.88% 2030 Value Projection: US$ 349 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Food Grade, Technical Grade
  • By Application: Food & beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, Other Applications
  • By End-User Industry: Food and Beverage, Cosmetics, Pharmaceutical, Chemical, Other End-user Industries
Companies covered:

Anmol Chemicals, Bartek Ingredients Inc., Changmao Biochemm, ESIM Chemicals, Fuso Chemical Co. Ltd, Merck KGaA, Polynt, Thirumalai Chemicals Ltd, UPC Group, Yongsan Chemicals Inc., and XST Biological Co. Ltd

Growth Drivers:
  • Growing demand from food &beverage industry
  • Increasing use in pharmaceutical industry as an optical bleaching agent
Restraints & Challenges:
  • Associated health hazards
  • Strict environmental regulations

Market Drivers:

Growing application in food and beverage industry is driving growth of the fumaric acid market. It is used as a food additive in food &beverage industry. It is used as essential ingredients in the production of candy to add sourness. For instance, in the recent past, fumaric acid was significantly used as a substitute for other food additives, like tartaric acid and citric acid, as a lesser quantity of fumaric acid can be used to achieve the same results. For example, 1 gram of fumaric acid can add the same amount of sourness as 1.5 gram of citric acid.

Increasing demand from pharmaceutical industry where it is used to produce alexipharmic sodium dimercaptosuccinate and ferrous fumarate, as an optical bleaching agent, in formulations for alternative medicine, or as fumaric acid esters monoethyl fumarate and dimethyl fumarate to treat psoriasis.

Figure 2. Global Fumaric Acid Market Value Share (%), By Resin Type, 2021

Fumaric Acid  | Coherent Market Insights

Market Restraints:

Health hazard associated with the fumaric acid is expected to limit the industry growth. Fumaric acid can be hazardous to human health, and it is certified as a hazardous material by the Department of Transportation (USA) and The Environmental Protection Agency.

Strict government regulations due to growing environmental concern in order to reduce carbon footprints is again anticipated to hinder the market growth.

Market Opportunities:

Growing popularity of nutritional bars and cereals is projected to bring lucrative growth opportunities in the near future.

Increasing use of fumaric acid as an intermediate in the manufacturing of bio-based polymers and can also replace maleic anhydride in different application is again expected to offer significant growth opportunities.

Market Trends/Key Takeaways:

Rise in construction and remodelling activities across developing countries is creating demand for Unsaturated Polyester Resin (UPR). It is used in the production of UPR and alkyd resins, thus demand for paints is expected to grow due to growing construction activities.

Increasing investment in R &D by key players to develop bio-based fumaric acid is expected to uplift the market growth in the near future. For instance, in March 2020, Bartek Ingredients has announced a 10,000 million ton (Mt) malic acid capacity expansion by the first quarter of next year. The company specialises in malic acid, food-grade fumaric acid and maleic anhydride for food and beverage applications.

Competitive Landscape:

Anmol Chemicals, Bartek Ingredients Inc., Changmao Biochemm, ESIM Chemicals, Fuso Chemical Co. Ltd, Merck KGaA, Polynt, Thirumalai Chemicals Ltd, UPC Group, Yongsan Chemicals Inc., and XST Biological Co. Ltd

Fumeric acid is a chemical compound that occurs in a wide range of nature and has a fruity taste.  Fumeric acid and its salts are also known as fumarates or fumarate esters. The name "fumarate" may also refer to a C2 compound. Fumeric acid is used in baking and desserts. This acid is highly acidic and will give desserts a more intense aftertaste. It is used in puddings, gelatin desserts, condensed milk products, and pie filling. It can be used in place of citric acid. Despite the sourness it adds, fumaric acid is still considered safe by the Food and Drug Administration.

Market Dynamics:

Growing application in food and beverage industry is primarily fueling growth of the fumeric acid market. Increasing demand from pharmaceutical industry where it is used in as a food additive is again fostering market growth. Additionally, growing automobile production where it is used in the fabrication of body panel for heavy and light duty vehicle is further anticipated to augment the market growth.

On the other, health hazards associated with fumeric acid is projected to hinder the market growth.

Key features of the study:

  • This report provides in-depth analysis of the global fumeric acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global fumeric acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Anmol Chemicals, Bartek Ingredients Inc., Changmao Biochemm, ESIM Chemicals, Fuso Chemical Co. Ltd, Merck KGaA, Polynt, Thirumalai Chemicals Ltd, UPC Group, Yongsan Chemicals Inc., and XST Biological Co. Ltd
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global fumeric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fumeric acid market

Detailed Segmentation:

  • Global Fumaric Acid Market, By Type:
    • Food Grade
    • Technical Grade
  • Global Fumaric Acid Market, By Application:
    • Food & beverage Processing
    • Rosin Paper Sizing
    • Unsaturated Polyester Resin
    • Alkyd Resin
    • Personal Care & Cosmetics
    • Other Applications
  • Global Fumaric Acid Market, By End-User Industry:
    • Food and Beverage
    • Cosmetics
    • Pharmaceutical
    • Chemical
    • Other End-user Industries
  • Global Fumaric Acid Market, By Geography:
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • Middle-East and Africa

Frequently Asked Questions

The global fumaric acid market size is estimated to be valued at US$ 255 Million in 2021 and is expected to exhibit a CAGR of 3.88% between 2022 and 2030.
Growing demand from food &beverage and increasing use in pharmaceutical industry as an optical bleaching agent are fuelling the growth of the market.
The Technical Grade segment is the leading component segment in the market.
Health hazard associated with the fumaric acid and strict environmental regulations are the major factors restraining growth of the market.
Major players operating in the market are Anmol Chemicals, Bartek Ingredients Inc., Changmao Biochemm, ESIM Chemicals, Fuso Chemical Co. Ltd, Merck KGaA, Polynt, Thirumalai Chemicals Ltd, UPC Group, Yongsan Chemicals Inc., and XST Biological Co. Ltd

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo