The fumaric acid market value reached around USD 759.90 Million in 2023 due to the rising need for processed food and beverages. Fumaric acid is widely used as a preservative and flavour enhancer in these products. Additionally, the growing beverage industry, particularly for products like wine and juices, is creating substantial opportunities for fumaric acid usage, as it helps improve microbiological stability and shelf life. As a result, the industry is expected to grow at a CAGR of 4.80% during the forecast period of 2024-2032 to attain a value of USD 1158.80 Million by 2032. The pharmaceutical industry's increasing reliance on fumaric acid for drug production also contributes to market expansion.
Base Year
Historical Year
Forecast Year
Fumaric acid, having the chemical formula, C4H4O4, is produced through the oxidation of succinic acid, with the help of succinate dehydrogenase. It is a dicarboxylic acid, which is found naturally in the form of a colourless crystalline powder in eukaryotes, bolete mushrooms, lichens, and Iceland moss. It also occurs in the human body when the skin comes in meet direct sunlight. It is widely used as a food additive due to its sour taste.
The growth of the fumaric acid market is driven by its extensive applications in industries such as food and beverages, pharmaceuticals, and unsaturated polyester resins. In the food industry, fumaric acid is commonly used as a flavour enhancer and acidulant in beverages, with increasing demand due to the rise in processed food consumption. For example, a consumer survey by the USDA highlighted that processed food consumption has grown by nearly 10% annually in the U.S. over the past five years, fuelilng demand for food additives like fumaric acid.
Value in USD Million
2024-2032
Fumaric Acid Market Outlook
*this image is indicative*
There is a rising focus on food preservation and fumaric acid plays a crucial role in extending the shelf life of food products by acting as an effective acidulant, leading to fumaric acid demand growth. It lowers the pH of food items, thereby enhancing preservation. For example, a study published in the Journal of Food Science demonstrated that fumaric acid effectively inhibited the growth of lactic acid bacteria in acidified cucumber juice, making it a viable alternative to traditional preservatives like sodium benzoate. This capability is essential for preserving various food items, including sauces, jams, and pickles, without extensive thermal processing. The increasing consumer preference for natural preservatives is also driving demand for fumaric acid in food applications.
Moreover, the pharmaceutical industry uses fumaric acid in drug formulations for conditions like psoriasis and multiple sclerosis. The ester form, dimethyl fumarate, has been shown to significantly reduce relapse rates in patients with relapsing-remitting multiple sclerosis. Developed by Biogen Idec, this treatment has gained widespread acceptance since its introduction, reflecting the growing prevalence of autoimmune diseases, and boosting the demand for fumaric acid-based treatments. The growing use of unsaturated polyester resins in construction and automotive sectors, both of which are supported by government infrastructure programs and consumer demand for lightweight materials, further supports the market's expansion. Companies like Ashland Global Holdings are developing polyester resins that incorporate fumaric acid to enhance performance characteristics.
Rising construction activities, increase in automobile production, and accelerating product application in pharmaceuticals are the key trends propelling the market growth.
Construction and infrastructure development have surged in regions like Asia Pacific and Latin America due to urbanisation and economic growth. In India, for example, the government’s “Housing for All” initiative aims to build 20 million affordable homes, fuelling demand for paints and unsaturated polyester resins (UPR), which require fumaric acid as a key ingredient. Similarly, Brazil’s construction sector saw an 8.2% increase in 2022, according to a report by the Brazilian Chamber of the Construction Industry, further bolstering the demand for construction materials like UPR and fumaric acid market expansion.
The global automotive industry has seen consistent growth, particularly in Asia Pacific and Europe. According to the International Organisation of Motor Vehicle Manufacturers (OICA), global automobile production reached over 80 million units in 2022 and production could exceed 100 million units by 2024. As automotive manufacturers increasingly adopt lightweight materials like unsaturated polyester resins (which incorporate fumaric acid) to enhance vehicle efficiency, the fumaric acid demand forecast in this sector is looks positive.
Fumaric acid’s expanding role in pharmaceutical applications is a key growth driver. Its use in the treatment of autoimmune diseases like psoriasis and multiple sclerosis has gained traction, with fumarate-based drugs such as Biogen's Tecfidera becoming popular treatments. A report by the World Health Organisation (WHO) highlights that chronic diseases such as psoriasis are increasing globally, with nearly 125 million people affected by psoriasis worldwide, driving the demand for fumaric acid-based treatments. As research continues into fumaric acid’s therapeutic benefits, particularly in dermatology and neurology, this trend in the fumaric acid market is expected to continue.
The rising popularity of plant-based diets is driving demand for fumaric acid as a food additive. Its ability to enhance flavour and preserve freshness makes it an attractive option for manufacturers of plant-based products. For instance, companies like Beyond Meat and Impossible Foods are incorporating fumaric acid into their formulations to improve taste and stability. According to a report by the Plant Based Foods Association, 67% of individuals aged 18-34 in America expressed willingness to try plant-based dishes. The number of new vegan product launches has also surged, with a reported increase of 302% from 2018 to 2022, reflecting a growing consumer shift towards healthier eating habits that favour natural preservatives like fumaric acid.
The trend towards sustainability is leading to increased interest in the production of bio-based chemicals, including fumaric acid. As industries seek alternatives to petrochemical-derived products, bio-based fumaric acid is gaining attention due to its renewable sourcing. For example, Bartek Ingredients Inc. has been investing in fermentation processes to produce fumaric acid from renewable resources. The U.S. Department of Agriculture (USDA) supports initiatives aimed at promoting bio-based products, which is expected to drive further growth in the market.
Moreover, fumaric acid is increasingly being used in the cosmetics industry for its pH-regulating properties and as a stabilising agent in formulations. It is particularly effective in products like creams and lotions where maintaining pH balance is crucial for product efficacy and safety. Companies such as L'Oréal are incorporating fumaric acid into their formulations to enhance product stability and performance. The global cosmetics market is projected to grow significantly, with the Cosmetic Industry Association reporting a growth rate of approximately 5% annually, further driving demand for effective ingredients like fumaric acid.
One major opportunity lies in the rising investments in bio-based fumaric acid by manufacturers to reduce their carbon footprint. A notable example is the EU-funded “Re-Industrialise” project, which is exploring renewable sources for fumaric acid production. These innovations are attracting significant investments from both private companies and governmental bodies, presenting avenues for industry participants to meet the growing demand for eco-friendly chemicals and thus, influencing fumaric acid market dynamics and trends.
In addition, the global shift towards healthier eating habits has also led to an increase in demand for nutritional products such as protein bars and cereals. According to a consumer survey by the International Food Information Council (IFIC), 70% of consumers worldwide are seeking products with added functional benefits, such as enhanced energy or protein content. Fumaric acid, used as a preservative and flavour enhancer in these products, is seeing rising use in response to this trend. Leading companies like General Mills and Kellogg’s have expanded their nutritional product portfolios, further driving demand for fumaric acid.
One of the key restraints in the market is the volatility in raw material prices, particularly for petrochemical-based inputs such as maleic anhydride, which accounts for around 60-70% of the total production cost of fumaric acid. Fluctuations in crude oil prices significantly impact maleic anhydride costs, which can vary by as much as 20-30% annually. For instance, during the oil price slump in 2020, crude oil prices dropped to historic lows of under USD 20 per barrel, while in 2021, prices surged back above USD 70 per barrel. These shifts caused significant fluctuations in the cost of producing fumaric acid, which has subsequently impacted fumaric acid market revenue as well.
Additionally, environmental regulations are tightening, particularly in Europe, where the European Union’s REACH regulations impose stricter controls on chemical manufacturing. This has led to increased compliance costs, estimated to raise operating expenses by 10-15% for manufacturers. Furthermore, competition from alternative acidulants like citric acid, which has a global production capacity of over 2.5 million tonnes compared to fumaric acid's 250,000 tonnes, challenges the market. Citric acid is often preferred due to its lower price, around USD 1,000-1,200 per tonne compared to fumaric acid, which can reach USD 1,800-2,000 per tonne depending on market conditions. These factors collectively act as restraints on the growth of the market.
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“Fumaric Acid Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by End Use Industry
Market Breakup by Region
Market Insights by Application
Fumaric acid is widely used in the food industry as an acidulant and preservative, particularly in processed foods, beverages, and bakery products. According to a USDA report, approximately 70% of the American diet consists of processed and ultra-processed foods, driving demand for food additives like fumaric acid. Additionally, government initiatives promoting food safety and preservation have increased its usage in extending shelf life. For example, major food brands like PepsiCo use fumaric acid in flavoured drinks and snacks.
Fumaric acid is also used in the paper industry, particularly in rosin-sized sheathing paper, which enhances water resistance and durability. The global demand for rosin-sized paper is rising due to increased packaging needs, particularly in Asia Pacific. A report by the China National Bureau of Statistics highlighted a 15% annual increase in paper and cardboard production, which supports the growing demand for fumaric acid in paper manufacturing, further resulting in fumaric acid market growth.
Additionally, fumaric acid is essential in the production of UPR, which is widely used in construction, automotive, and marine industries. With growing infrastructure projects in regions like Asia Pacific and Latin America, demand for UPR has surged. For instance, India's construction industry grew by 12% in 2022, according to government reports, boosting the use of UPR and, consequently, fumaric acid. As per the fumaric acid industry analysis, the product is also used in alkyd resin production, which is widely used in paints and coatings. The rising environmental regulations around low-VOC (volatile organic compounds) coatings further boost the demand for alkyd resins made with fumaric acid due to their improved environmental profile.
Market Insights by End User Industry
Fumaric acid is commonly used as a food additive to enhance flavour and extend shelf life. The growing consumption of processed and convenience foods, especially in North America and Asia Pacific, is driving demand. A 2022 report by the European Commission indicated that processed food sales in the region grew by 8%, reflecting rising demand for shelf-stable products. Major brands like Coca-Cola and PepsiCo use fumaric acid in their beverages and snack products to maintain product stability and taste, making this segment a key contributor to fumaric acid market share.
Fumaric acid also plays a significant role in the pharmaceutical industry, especially in the treatment of psoriasis and multiple sclerosis. Biogen’s Tecfidera, a fumarate-based drug, has seen widespread use for multiple sclerosis treatment, with the company reporting a 5% growth in sales in 2022. As the global prevalence of these chronic diseases rises, the fumaric acid demand in drug formulations is expected to continue growing.
In cosmetics, fumaric acid is used as a pH adjuster and anti-inflammatory agent in skin care products. With the global shift towards organic and sustainable cosmetics, fumaric acid derived from natural sources is gaining traction. A report by L’Oréal notes that the global beauty market grew by 8% in 2023, with rising demand for bio-based ingredients. Fumaric acid’s antioxidant properties make it a valuable ingredient in anti-ageing and acne treatment products.
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North America Fumaric Acid Market Trends
North America is a significant market for fumaric acid, driven by high demand in the food and beverage, pharmaceutical, and construction industries. The U.S. Food and Drug Administration (FDA) has approved fumaric acid for use as a food additive, boosting its demand in processed foods and beverages. According to the U.S. Department of Agriculture (USDA), ultra-processed food account for approximately 60% of daily calorie intake in the United States.
Asia Pacific Fumaric Acid Market Drivers
Asia Pacific is the fastest-growing market for fumaric acid, with high demand driven by rapid industrialisation, expanding construction activities, and a growing food and beverage sector. According to India’s Ministry of Housing and Urban Affairs, the Indian government has allocated approximately INR 11.1 trillion (around USD 135.4 billion) for capital expenditure in the fiscal year 2024-25, which is about 3.4% of the GDP. This represents an 11.1% increase from the previous fiscal year. The rising infrastructural development activities is also boosting demand for unsaturated polyester resins (UPR) that use fumaric acid. Additionally, China's expanding packaged food market, driven by increasing disposable incomes, has increased the need for food additives like fumaric acid. The China National Bureau of Statistics reported a 15% rise in packaged food production in 2022, further fuelling demand.
Europe Fumaric Acid Market Opportunities
In Europe, stringent EU regulations on food safety and quality are promoting the use of fumaric acid as a preservative in various food products. The European Commission has also reported an increased focus on bio-based chemicals, encouraging companies to develop eco-friendly fumaric acid alternatives. For example, Reverdia, a Dutch company, is pioneering bio-based fumaric acid production to cater to the region’s demand for sustainable chemicals. The region’s strong pharmaceutical industry also contributes to growing demand, especially in treatments for psoriasis and other autoimmune diseases.
Middle East and Africa Fumaric Acid Market Growth
The Middle East and Africa (MEA) region is witnessing steady growth in the fumaric acid market, mainly due to rising infrastructure projects and the food and beverage industry. According to a report by the Gulf Cooperation Council (GCC), construction activities in the region are projected to grow by more than 6% in 2024, driven by large-scale projects in countries like Saudi Arabia and the UAE. These projects are boosting demand for UPR and alkyd resins, which use fumaric acid.
Start-ups are increasingly concentrating on the development of sustainable, bio-based production techniques to lessen dependence on petrochemical feedstocks. In response to the rising demand for environmentally friendly solutions, these enterprises are striving to innovate in cost-effective and eco-conscious manufacturing methods. For instance, companies such as BioAmber are at the forefront of producing bio-based fumaric acid from renewable resources, thereby aligning with global sustainability initiatives. Furthermore, these start-ups are investigating specialised applications in rapidly expanding sectors like pharmaceuticals, where fumaric acid is used in drug formulations, as well as in the food and beverage industry, particularly for clean-label and preservative-free offerings. Notable start-ups contributing to a positive fumaric acid market outlook include:
Reverdia, established in 2018 as a collaboration between DSM and Roquette and located in Delft, Netherlands, is a significant player in the production of bio-based fumaric and succinic acids. The company has successfully implemented its patented low-carbon manufacturing technology, producing bio-based succinic acid under the brand name Biosuccinium. Reverdia's commitment to reduce greenhouse gas emissions has facilitated partnerships with leading chemical firms. Its facility in Cassano Spinola, Italy, was among the first to achieve industrial-scale production of bio-based succinic acid.
BioAmber Inc., founded in 2008 and headquartered in Montreal, Canada, stands out as one of the most successful start-ups in the fumaric acid market landscape, recognised for its emphasis on bio-based chemicals. The company was a pioneer in the production of bio-based succinic acid, which acts as a precursor for fumaric acid, using renewable resources. BioAmber successfully raised over USD 80 million during its initial public offering (IPO) in 2013 and established a commercial-scale production facility in Sarnia, Ontario. Its innovative methodologies have significantly contributed to reducing the environmental impact of chemical manufacturing.
Competitive Landscape
Fumaric acid market players are concentrating on several key areas. Companies such as Fuso Chemical Co., Ltd. and Mitsubishi Chemical Corporation are using fumaric acid as an acidulant in a range of products, including beverages, baked goods, and confectionery items. Additionally, firms like Kraton Corporation are investing in advanced production techniques aimed at improving yield and lowering costs. Manufacturers like Nippon Shokubai Co., Ltd. are incorporating fumaric acid into pharmaceutical formulations. Furthermore, numerous companies are investigating bio-based production methods to meet the increasing demand for sustainable and environmentally friendly products.
Bartek Ingredients Inc., established in 1969 and based in Ontario, Canada, operates across 35 countries and is recognised as the leading global producer of malic and food-grade fumaric acid. The company also offers innovative solutions such as Uplift Taste Modification Technology and Pecmate Pectin Enhancer.
Prinova Group LLC, founded in 2006 and located in Illinois, United States, has a presence in over 30 countries...
Fuso Chemical Co., Ltd., established in 1949 and headquartered in Osaka, Japan, operates in around 20 countrie...
Polynt SpA, founded in 1955 and based in Scanzorosciate, Italy, operates in more than 30 countries globally. I...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 759.90 Million.
The market is assessed to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1158.80 Million by 2032.
The major drivers of the market include rising disposable incomes, increasing population, improved standards of living, the rising consumption of processed food and beverages, and increasing demand for fumaric acid in the automobile and construction sectors.
The growing investments in R&D activities for developing bio-based fumaric acid, the surging automotive production, the growing popularity of nutritional bars and cereals, and the rising demand for exotic and ethnic flavours in the food and beverage sector are the key trends aiding the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The significant applications of fumaric acid are food additives, rosin-sized sheathing paper, unsaturated polyester resins, and alkyd resins, among others.
The major end-use industries of fumaric acid include food and beverages, cosmetics, pharmaceuticals, and chemicals.
The leading players in the market are Bartek Ingredients Inc., Prinova Group LLC., Fuso Chemical Co., Ltd., and Polynt SpA, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use Industry |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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