Food Grade Fumaric Acid Segment Is Fastest Growing Segment Fueling The Growth Of Fumaric Acid Market

Global Fumaric Acid Market Size
Global Fumaric Acid Market Size



Fumaric acid is an organic acid that occurs naturally in some plants and fungi. It is a white crystalline powder that is soluble in water. It is used as an acidity regulator in food products and as an intermediate in the production of other chemicals. The increasing demand for food grade fumaric acid from food processing and pharmaceutical industries has been a major factor fueling growth of this market.

 

The global Fumaric Acid Market is estimated to be valued at US$ 278.65 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.



Market key trends:
One of the key trends in the fumaric acid market has been the shifting demand towards food grade fumaric acid. Food grade fumaric acid is used as an acidulant in recipes and food processing to add tartness, sourness and control pH. It replaces citric acid in some food and beverage products as it is less sour. The food and beverage industry has been expanding rapidly creating sustained demand for food grade fumaric acid. Its demand has been significantly outpacing that of technical grade fumaric acid used in other industrial applications.


Segment Analysis
The Global Fumaric Acid Market Size is segmented by application and region. Based on application, the fumaric acid market is divided into Food and Beverages, Rosin papers and others. The food and beverages segment is expected to be the largest segment in the global fumaric acid market during the forecast period. Fumaric acid is widely used as an acidulant in food and beverages such as bakery products, confectionery, soft drinks, dairy products and others to improve their taste and shelf life. Thus, the increasing use of fumaric acid as an acidulant in food and beverages industry is driving the growth of this segment.

Key Takeaways
The global fumaric acid market is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing demand from food and beverages industry.

Regional analysis:
Regionally, Asia Pacific is expected to witness fastest growth in the global fumaric acid market during the forecast period. This is mainly attributed to rising demand from countries such as China, India and Japan. China is expected to be the largest and fastest growing market in the region followed by India. Factors such as growing population, increasing health consciousness and rising disposable incomes are driving the growth of fumaric acid market in these countries.

Market size:
The global fumaric acid market size was valued at US$ 278.65 Mn in 2023 and is projected to reach US$ 408.39 Mn by 2030, expanding at a CAGR of 4.6% from 2023 to 2030.

Key players:
Key players operating in the fumaric acid 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. Anmol Chemicals and Merck KGaA are identified as the market leaders and account for major market share in the global fumaric acid market.

 

Explore more information on this topic, Please visit @ https://www.newsanalyticspro.com/fumaric-acid-market-analysis/

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