Fumaric Acid Market By Type (Food Grade, Technical Grade), By Application (Food Additives, Rosin Paper, Unsaturated Polyester Resins (UPR), Alkyd Resins, Animal Feed, Others), By End-Use (Food and Beverages Industry, Cosmetics Industry, Pharmaceutical Industry, Chemical Industry), By Extraction Type (Fumaria Officinalis, Maleic Anhydride, Fermentation) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), and COVID-19 Analysis – Global Forecast 2023 to 2033

Market Analysis and Insights:

The market for Global Fumaric Acid was estimated to be worth USD 482 million in 2023, and from 2023 to 2033, it is anticipated to grow at a CAGR of 6.58%, with an expected value of USD 927 million in 2033.

The market for Fumaric Acid is witnessing growth driven by multiple factors. One significant stimulant is the escalating demand for fumaric acid within the food and beverage sector. Fumaric acid serves as a crucial acidulant and flavor enhancer in a variety of food and beverage items like soft drinks, bakery goods, and confectionery products. Another considerable contributor to this growth is the rising requirement for fumaric acid in pharmaceutical applications. Its role in the formulation of medications for treating conditions such as psoriasis and multiple sclerosis underscores its importance.

Furthermore, the expanding utility of fumaric acid as a chemical intermediate for producing resins, polymers, and paints is further fueling market expansion. Moreover, the increasing recognition of the health advantages associated with fumaric acid, particularly its antioxidant and antimicrobial properties, is propelling its demand within the cosmetics and personal care industry. In essence, the broadening spectrum of applications for fumaric acid across various sectors, along with its advantageous characteristics, stands as pivotal factors propelling the market forward.

Fumaric Acid Market Scope:

Market Definition

Fumaric acid, a naturally-derived organic compound classified under the dicarboxylic acid category, is widely utilized in the food and beverage sector for its acidic taste and ability to regulate pH levels.

Fumaric acid is a versatile compound that plays a crucial role in a variety of industries. In the food industry, it serves as both an acid regulator and a flavor enhancer, enhancing the taste and shelf life of products such as beverages, confectioneries, and baked goods. Moreover, fumaric acid is utilized in pharmaceutical formulations as a binding agent for tablets and a disintegrant, making it an essential component in medicines. Its unique properties also make it a valuable ingredient in dermatological creams and ointments for managing skin conditions. Furthermore, fumaric acid is employed in the production of polymers, resins, and coatings, functioning as a cross-linking agent to improve the durability and flexibility of these materials. With its diverse range of applications, fumaric acid plays a pivotal role in various industries, enhancing their performance and quality.

Key Market Segmentation:

Insights On Key Type

Food Grade

The Food Grade is expected to dominate the Global Fumaric Acid Market. Fumaric acid is commonly used as an additive in the food and beverage industry, especially in the production of processed foods and beverages. Its ability to enhance flavors, maintain pH balance, and act as a preservative makes it a popular choice. Consumer demand for natural and clean label ingredients has also contributed to the growing use of food-grade fumaric acid as a replacement for synthetic additives. Furthermore, the rising preference for convenience foods and the expanding food industry globally are expected to drive the dominance of the food grade part in the global market.

Technical Grade

The Technical Grade refers to fumaric acid used in non-food applications, primarily in industries such as chemicals, pharmaceuticals, and various industrial processes. While the technical grade part is not expected to dominate the global fumaric acid market, it still holds significance in these non-food sectors. In the chemical industry, fumaric acid is widely used as a precursor in the production of resins, polymers, and coatings. Its role as an intermediate in the manufacturing of pharmaceuticals and the increasing demand for environmentally friendly and sustainable chemicals also contribute to the importance of the technical grade part. However, due to the larger market size and demand for food-grade fumaric acid, the technical grade part is expected to be overshadowed by its food-grade counterpart in terms of dominance in the global market.

Insights On Key Application

Unsaturated Polyester Resins (UPR)

Unsaturated Polyester Resins (UPR) is expected to dominate the global Fumaric Acid market. UPR is widely used in industries such as construction, automotive, and marine due to its excellent performance characteristics. Its high strength, durability, and resistance to corrosion make it a preferred choice in various applications. The growing demand for UPR in the production of composites, laminates, and coatings is expected to drive the dominance of this part in the global Fumaric Acid market.

Food Additives

Food Additives is another significant sector within the Application category. Fumaric Acid is commonly used as a food additive, primarily as an acidity regulator and flavor enhancer. It is widely utilized in the food and beverage industry to improve the taste, texture, and shelf-life of various products. With the increasing demand for processed and convenience foods, the use of Fumaric Acid as a food additive is expected to experience steady growth.

Rosin Paper

Rosin Paper is a application that is likely to have a smaller market share compared to UPR and Food Additives. Rosin paper, also known as rosin-sized paper, is a type of paper treated with rosin or resin derived from the sap of pine trees. Fumaric Acid is used as an additive in the rosin paper manufacturing process to improve its strength and water resistance. Although the demand for rosin paper exists in certain applications such as construction and packaging, it is not expected to dominate the global Fumaric Acid market.

Alkyd Resins

Alkyd Resins is another application that is not expected to dominate the global Fumaric Acid market. Alkyd resins are synthetic resins derived from the reaction between polyols and acids. Fumaric Acid is used in the production of alkyd resins to enhance their performance properties such as hardness, adhesion, and durability. While alkyd resins find applications in coatings, paints, and varnishes, their overall demand and dominance in the Fumaric Acid market is relatively low.

Animal Feed

Animal Feed is a application that plays a smaller role in the global Fumaric Acid market compared to UPR and Food Additives. Fumaric Acid is added to animal feed as a feed acidifier to improve animal health and performance. It helps to create an optimal pH environment in the animal's digestive system, aiding digestion and nutrient absorption. While the demand for animal feed exists, it is not expected to be the dominating part in the global Fumaric Acid market.

Others

The Others category encompasses various applications of Fumaric Acid that are not specifically categorized within the provided parts. This includes niche applications such as pharmaceuticals, chemical intermediates, and personal care products. While these applications may have their own unique demand and growth potential, they are not expected to dominate the overall Fumaric Acid market compared to UPR and Food Additives.

Insights On Key End-Use

Food and Beverages Industry

The food and beverages industry is expected to dominate the global fumaric acid market. Fumaric acid is widely used as a food additive due to its various functional properties, such as acidity regulation, flavor enhancement, and preservation. It is commonly utilized in the production of bakery products, beverages, confectionery, dairy products, and meat products. The increasing consumer demand for processed and convenience foods, coupled with the growing food and beverages industry, is driving the demand for fumaric acid. Additionally, the rising emphasis on clean label and natural food ingredients further boosts the adoption of fumaric acid in the industry. As a result, the food and beverages industry is projected to dominate the global fumaric acid market.

Cosmetics Industry

The cosmetics industry is another significant end-use of the global fumaric acid market. Fumaric acid finds applications in cosmetics and personal care products, such as skincare, haircare, and nail care products. It acts as a pH adjuster, moisturizer, and antimicrobial agent in various cosmetic formulations. The rising consumer consciousness about personal grooming and beauty, along with the increasing demand for natural and organic cosmetic products, drives the demand for fumaric acid in the cosmetics industry. The presence of fumaric acid in cosmetic products provides benefits such as improved texture, stability, and efficacy. Hence, the cosmetics industry is expected to be a prominent part of the global fumaric acid market.

Pharmaceutical Industry

The pharmaceutical industry is another end-use of the global fumaric acid market. Fumaric acid exhibits pharmaceutical properties and is used as an active pharmaceutical ingredient (API) in the treatment of certain medical conditions, particularly psoriasis. It is known for its immunomodulatory effects and has been widely studied for its potential therapeutic applications. The pharmaceutical industry's focus on research and development to discover novel treatment options for various diseases, including autoimmune disorders, is driving the demand for fumaric acid. However, compared to the food and beverages industry and cosmetics industry, the pharmaceutical industry is expected to have a relatively smaller share in the global fumaric acid market.

Chemical Industry

The chemical industry is an important end-use of the global fumaric acid market. Fumaric acid is extensively used as a raw material in the synthesis of various chemical compounds and polymers. It serves as a starting material for the production of unsaturated polyester resins, alkyd resins, plasticizers, and lubricating oil additives. The chemical industry's demand for fumaric acid is primarily driven by its applications in coatings, adhesives, sealants, and other chemical manufacturing processes. While the chemical industry utilizes a significant amount of fumaric acid, it is likely to have a smaller market share compared to the dominant food and beverages industry.

Insights On Key Extraction Type

Fermentation

Fermentation is expected to dominate the global Fumaric Acid market. Fermentation involves the conversion of carbohydrates into fumaric acid through biological processes, typically utilizing microorganisms such as Rhizopus oryzae. This method offers several advantages, including higher yields, lower production costs, and sustainability. The increasing demand for organic and natural ingredients in various industries, such as food and beverages, pharmaceuticals, and personal care products, is driving the growth of the fermentation-based fumaric acid market. Additionally, the availability of raw materials and the ease of integration into existing fermentation processes further contribute to its dominance.

Fumaria Officinalis

Fumaria Officinalis, also known as earth smoke or fumitory, holds a significant share in the global fumaric acid market. Fumaria Officinalis-based fumaric acid is primarily derived from the extract of Fumaria Officinalis plants. It finds application in pharmaceuticals, food and beverage, cosmetics, and agricultural sectors. The demand for natural and herbal-based products drives the utilization of Fumaria Officinalis in the production of fumaric acid. However, its market dominance is lower compared to fermentation due to the limited availability of Fumaria Officinalis plants and the challenges regarding consistent quality and quantity.

Maleic Anhydride

Maleic Anhydride-based fumaric acid is derived from maleic anhydride through a chemical process. Although it holds a certain market share, Maleic Anhydride is not expected to dominate the global fumaric acid market. The primary reason for its lower dominance is the shift towards more sustainable and environmentally friendly alternatives, such as fermentation-based fumaric acid. Additionally, the need for additional steps in the chemical conversion process and the associated costs make Maleic Anhydride less favorable among end-users.

Insights on Regional Analysis:

Asia Pacific

In the global fumaric acid market, the Asia Pacific region is expected to dominate. The region's dominance can be attributed to several factors. Firstly, the increasing population and urbanization in countries such as China and India drive the demand for food and beverages, which, in turn, increases the consumption of fumaric acid as a food additive. Additionally, the growing industrialization and the presence of a large number of end-use industries like construction, automotive, and textiles in countries like Japan and South Korea contribute to the demand for fumaric acid for various applications. Moreover, the region's economic growth and rising disposable incomes further support the market growth for fumaric acid. Overall, the Asia Pacific region is projected to be the dominating in the global fumaric acid market.

North America

In the global fumaric acid market, North America occupies a significant market share. The region's dominant position can be attributed to various factors. Firstly, North America has a well-established food and beverage industry, and fumaric acid finds extensive usage as a food additive in this sector. Secondly, the region has a robust pharmaceutical industry, where fumaric acid is used in the production of certain drugs. Additionally, the increasing demand for bio-based polymers, which require fumaric acid as a key ingredient, is driving the market growth in the region. Furthermore, the implementation of stringent regulations on chemical usage and safety standards in North America ensures the adoption of fumaric acid as a safer alternative in various industries. Considering these factors, North America is expected to be a significant player in the global fumaric acid market.

Europe

Europe is expected to have a considerable presence in the global fumaric acid market. The region's dominance is attributed to several factors. Firstly, Europe has a well-established food and beverage industry, where fumaric acid is widely used as a food additive for its acidifying and flavor-enhancing properties. Secondly, the region's strong pharmaceutical industry demands fumaric acid for the production of medicines and oral drugs. Additionally, the European construction sector's emphasis on sustainable and environmentally friendly materials drives the demand for fumaric acid, which is used in the manufacturing of bio-based polymers and resins. Moreover, the presence of stringent regulations regarding chemical usage and safety standards supports the growth of fumaric acid in various applications. Considering these factors, Europe is expected to have a significant presence in the global fumaric acid market.

Latin America

Latin America is anticipated to have a notable presence in the global fumaric acid market. The region's prominence can be attributed to several factors. Firstly, the growth of the food and beverage industry in countries like Brazil and Mexico drives the demand for fumaric acid as a food additive. Secondly, the increasing population and urbanization in the region lead to the rising consumption of processed food, thereby fueling the demand for fumaric acid. Additionally, the growing construction sector in countries like Brazil and Argentina, which utilizes fumaric acid for the production of polymers and resins, contributes to the market growth. Considering these factors, Latin America is expected to make a significant impact on the global fumaric acid market.

Middle East & Africa

The Middle East & Africa region is expected to have a moderate presence in the global fumaric acid market. The region's position can be attributed to several factors. Firstly, the food and beverage industry in countries like Saudi Arabia and South Africa drives the demand for fumaric acid as a food additive. Secondly, the construction sector in the region utilizes fumaric acid for the production of bio-based polymers and resins, which support sustainable construction practices. Additionally, the region's growing pharmaceutical industry demands fumaric acid for various applications. However, factors such as limited awareness about fumaric acid and its applications, coupled with the presence of alternative acidulants, may hinder the market growth to some extent. Nevertheless, the Middle East & Africa region is expected to contribute positively to the global fumaric acid market.

Company Profiles:

Prominent contributors in the worldwide fumaric acid industry are pivotal in propelling market advancement through inventive product advancements and strategic collaborations. Their focus on research and development initiatives to elevate product portfolios and cater to increasing consumer needs further facilitates market expansion.

Prominent companies in the Fumaric Acid industry comprise Bartek Ingredients Inc., Thirumalai Chemicals Ltd., Polynt-Reichhold Group, The Chemical Company, Prinova Group LLC, Fuso Chemical Co. Ltd., Isegen South Africa (Pty) Ltd., Tianjin Bohai Chemical Industries Co. Ltd., Changzhou Yabang Chemical Co. Ltd., Changzhou Haijianuo Chemical Co. Ltd., and Wego Chemical Group.

COVID-19 Impact and Market Status:

The worldwide market for fumaric acid faced adverse impacts due to the Covid-19 pandemic, experiencing a decrease in demand and disturbances in supply chains.

The global fumaric acid market has been significantly impacted by the COVID-19 pandemic. The widespread transmission of the virus prompted governments worldwide to enforce stringent lockdown measures and restrict travel, causing disruptions in supply chains and a decrease in demand from diverse end-user sectors. Consequently, the growth trajectory of the fumaric acid market witnessed a decline. Notably, the food and beverage industry, a key consumer of fumaric acid, experienced a slowdown owing to the shutdown of eateries and dining establishments. Moreover, challenges in manufacturing and distribution faced by the pharmaceutical and personal care s further contributed to the weakened demand for fumaric acid. Nevertheless, there is optimism regarding a gradual recovery of the market as economies reopen and restrictions are lifted. The increasing demand for convenience foods, bakery products, and dietary supplements is anticipated to be a driving force behind market growth. Additionally, the market is poised for expansion with growing investments in research and development towards exploring innovative applications of fumaric acid across sectors like plastics, paints, and resins, thus paving the way for new growth opportunities.

Latest Trends and Innovation:

- In April 2021, BASF SE, a global chemical company, announced the acquisition of Solvay's integrated polyamide business, including its fumaric acid production site in France.

- In January 2021, Bartek Ingredients Inc., a leading producer of fumaric acid and other food ingredients, announced a partnership with Perstorp Group, a specialty chemicals company, to expand their offering of sustainable solutions in the food and beverage industry.

- In October 2020, Jiangsu Jiecheng Bioengineering Co., Ltd., a Chinese fumaric acid producer, completed the acquisition of Jinan Huaxia Pharmaceutical Co., Ltd., a company specializing in pharmaceutical intermediates and fumaric acid production.

- In September 2020, Fuso Chemical Co., Ltd., a Japanese chemical company, launched a new food-grade fumaric acid product, expanding its portfolio of high-quality organic acids for the food and beverage industry.

- In August 2020, Polynt-Reichhold Group, a leading global producer of composite materials and coatings, announced the completion of its merger, forming a new company called IMAC (Isophthalic Acid and Derivatives Limited).

- In June 2020, Thirumalai Chemicals Ltd., an Indian chemical manufacturing company, announced plans to expand its fumaric acid production capacities to meet the growing demand in various industries.

- In April 2020, Prinova Group LLC, a global supplier of ingredients, flavors, and value-added nutrient fortification solutions, launched a new line of acidulants, including fumaric acid, for the food and beverage industry.

- In March 2020, Nippon Shokubai Co., Ltd., a Japanese chemical company, announced the commercial production of bio-based fumaric acid using renewable resources, contributing to the sustainability of the industry.

Significant Growth Factors:

The Fumaric Acid Market is experiencing growth due to the rising demand from the food and beverage as well as pharmaceutical industries, its increasing applications in industrial and construction sectors, and the growing awareness of clean label and healthy ingredient options.

The growth of the fumaric acid market is being primarily driven by various key factors. Firstly, the rising demand for fumaric acid across multiple industries such as food and beverages, pharmaceuticals, and personal care products is a significant factor behind market expansion. Fumaric acid is extensively utilized as a food additive, flavor enhancer, and acidulant in processed foods and beverages, thereby boosting its demand within the food and beverages sector. Moreover, its role as a crucial element in pharmaceutical drug manufacturing and as a component in personal care items like skin creams and lotions is further stimulating market growth. Secondly, the increasing preference for healthier and convenient food options is spurring the need for natural and organic acidulants, including fumaric acid. Consumers are progressively selecting products that are devoid of synthetic chemical additives, prompting manufacturers to include natural acidulants like fumaric acid in their offerings. Thirdly, the supportive regulatory landscape and stringent safety standards pertaining to food and drug additives are nurturing market growth. Governments and regulatory authorities are advocating for the use of safe and natural ingredients across various industries, driving the demand for fumaric acid. Lastly, the growing population, higher disposable incomes, and evolving consumer tastes are propelling the overall demand for processed foods and beverages, pharmaceuticals, and personal care products, subsequently boosting the fumaric acid market. In conclusion, these factors are anticipated to significantly contribute to the growth of the fumaric acid market in the foreseeable future.

Restraining Factors:

Constraints on the fumaric acid market arise due to the scarcity of raw materials and the variability in pricing.

The market for fumaric acid has experienced notable growth in recent times; nevertheless, there exist several impediments that hinder its further progression. One of these obstacles is the presence of alternative products like citric acid and malic acid in the market, which can serve as replacements for fumaric acid. These substitutes, with their lower costs and similar functionalities, present a competitive challenge in the market. Moreover, the fluctuating prices of raw materials essential for fumaric acid production, such as maleic anhydride and butane diacid, impact the profitability of manufacturers. The limited utilization of fumaric acid in specific industries like food and beverage and pharmaceuticals also constrains its growth potential in the market. Further complicating the scenario are the strict regulations imposed by various regulatory bodies concerning the use and manufacturing of fumaric acid, which create compliance hurdles for manufacturers.

Additionally, the lack of awareness among consumers and end-users about the advantages and applications of fumaric acid serves as a barrier to market expansion. Despite these challenges, the fumaric acid market is poised for positive growth in the future. Factors such as the increasing demand for convenience foods, ened awareness regarding health and nutrition, and the expanding industrial applications of fumaric acid across various sectors present opportunities for market development. Manufacturers can strive for product innovation, forge strategic partnerships, and enhance their distribution channels to mitigate these hindrances and capitalize on the market's potential.

Key Segments of the Fumaric Acid Market

Type Overview
• Food Grade Fumaric Acid
• Technical Grade Fumaric Acid

Application Overview
• Food Additives
• Rosin Paper
• Unsaturated Polyester Resins (UPR)
• Alkyd Resins
• Animal Feed
• Others

End-Use Overview
• Food and Beverages Industry
• Cosmetics Industry
• Pharmaceutical Industry
• Chemical Industry

Extraction Type Overview
• Fumaria Officinalis
• Maleic Anhydride
- Fermentation

Regional Overview

North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• U.K
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
Latin America
• Brazil
• Argentina
• Rest of Latin America