The fumaric acid is an acidic chemical compound occurs naturally in certain plants and animal. It is colourless and scentless crystalline powder. Fumaric acid is widely used as a food acidulant in beverages, bakery and dessert mixes to impart tart or sour taste. It acts as a preservative and prevents the growth of moulds and bacteria.


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 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing application of fumaric acid in food and beverages industry, especially in frozen and processed foods is driving its market growth. Fumaric acid is used as acidity regulator in soft drinks, fruit juices, jams, jellies and other food products. It balances the pH level and enhances the flavors. Moreover, fumaric acid also protects processed foods from deterioration by inhibiting bacterial and fungal activities. Increasing demand for processed and packaged food items owing to changing lifestyle and consumer preference for convenience food is augmenting the demand for fumaric acid.
SWOT Analysis

Strength: Fumaric acid has wide applications in food industries as a food additive and in animal feed industry which increases its demand. It also finds applications in pharmaceutical and personal care industries which boosts the market growth.

Weakness: Fluctuations in raw material supply and price volatility of raw materials can hamper the smooth supply of fumaric acid.

Opportunity: Growing healthcare and pharmaceutical industries open new opportunities for fumaric acid market. Emerging applications of fumaric acid in food and beverage and animal feed sector also presents growth prospects.

Threats: Presence of substitute products like ascorbic acid and citric acid poses threat to the fumaric acid market. Stringent regulations pertaining to food additives also threatens the market growth.


Key Takeaways

The Global Fumaric Acid Market Size is expected to witness high growth. The market size is projected to reach US$ 278.65 million by 2023 from US$ 231.5 million in 2018, at a CAGR of 3.5% during the forecast period.

Regional analysis: Europe dominates the global fumaric acid market and accounted for over 35% of the total share in 2018. This can be attributed to increasing demand from food industry in countries like Germany and Italy. Asia Pacific is expected to witness fastest growth owing to rising pharmaceutical industry in India and China.

Key players: Key players operating in the fumaric acid market are ADVANZ Pharma, Bristol Myers Squibb, Daiichi Sankyo, GlaxoSmithKline, Novartis, MorphoSys, RemeGen, Resolve Therapeutics, Tear Solutions, VIELABIO, Otsuka Pharmaceutical Co., Ltd., and Bridge Pharma Inc. These key players are focusing on capacity expansion and new product launches to strengthen their position in the market.

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