Global Fumaric Acid Market, By Application (Food Additive, Rosin Paper Sizes, UPR, Alkyd Resins, Animal Feed, and Others), End-User (Food and Beverages Industry, Cosmetics Industry, Pharmaceutical Industry, and Chemical Industry), Extraction Type (Fumaria Officinalis, Maleic Anhydride, and Fermentation) - Industry Trends and Forecast to 2031
Fumaric Acid Market Analysis and Size
Fumaric acid market serves as a valuable additive in animal feed formulations due to its beneficial effects on animal health and performance. When included in animal feed, fumaric acid acts as a feed acidifier, helping to regulate the pH balance in the digestive tract of livestock such as poultry, swine, and ruminants. Fumaric acid creates an environment that promotes the growth of beneficial gut microflora while inhibiting the proliferation of harmful pathogens by optimizing the acidity levels in the gastrointestinal system. This leads to improved nutrient digestion and absorption, enhanced feed efficiency, and ultimately, better animal growth rates and overall health.
For instance,
According to MDPI, the study evaluating the inclusion of fumaric acid in the diets of Nile tilapia juveniles aligns with the beneficial effects observed in animal feed formulations. In terrestrial animals, fumaric acid acts as a feed acidifier in fish diets, regulating pH levels in their digestive tracts. The study demonstrates that fumaric acid not only improves growth, feed efficiency, and protein use in Nile tilapia but also positively influences intestinal microbiota health by reducing or eliminating undesirable bacteria. This supports the notion that fumaric acid supplementation can enhance both animal growth and intestinal health, making it a valuable additive in animal feed formulations across different species.
Global fumaric acid market size was valued at USD 634.35 million in 2023 and is projected to reach USD 937.22 million by 2031, with a CAGR of 5.00% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Food Additive, Rosin Paper Sizes, UPR, Alkyd Resins, Animal Feed, and Others), End-User (Food and Beverages Industry, Cosmetics Industry, Pharmaceutical Industry, and Chemical Industry), Extraction Type (Fumaria Officinalis, Maleic Anhydride, and Fermentation)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa
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Market Players Covered
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FUSO CHEMICAL CO., LTD. (Japan), Polynt (Italy), Bartek Ingredients Inc. (Canada), Tate & Lyle (U.K.), TCI Chemicals (India) Pvt. Ltd. (India), Huntsman International LLC (U.S.), Merck KGaA (Germany), The Chemical Company (U.S.), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), DuPont (U.S.), Thermo Fischer Scientific, Inc. (U.S.), Thirumalai Chemicals (India), Khusheim Holding (Saudi Arabia), Sip Chemical Industries (India)
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Market Opportunities
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Market Definition
Fumaric acid is a naturally occurring organic acid belonging to the dicarboxylic acid group. It is found widely in nature, particularly in fruits such as apples, grapes, and berries. Chemically, fumaric acid is a white crystalline solid with a sour taste, commonly used as an acidulant and flavoring agent in the food and beverage industry. It is also utilized in various industrial applications, including the production of resins, polymers, and pharmaceuticals. Fumaric acid plays a crucial role in biological processes and has diverse applications due to its ability to adjust pH levels and enhance the stability of formulations.
Fumaric Acid Market Dynamics
Drivers
- Increase in Changing Consumer Preferences Promotes the Demand of Fumaric Acid
Fumaric acid's role as an acidulant and flavor enhancer makes it indispensable in various food items, such as carbonated drinks, fruit-flavored beverages, candies, baked goods, and convenience foods. As consumer preferences evolve towards products with enhanced taste profiles and longer shelf lives, manufacturers increasingly rely on fumaric acid to achieve desired flavor profiles, improve texture, and extend product stability. This sustained demand for fumaric acid in food applications, driven by changing consumer preferences and the need for product differentiation, continues to fuel the growth of the fumaric acid market.
- Rising Technological Advancements Enhances Production Efficiency
Improved fermentation techniques, such as metabolic engineering and strain optimization, enable higher yields and purity levels in fumaric acid production, leading to increased supply and competitive pricing. Advancements in downstream processing techniques contribute to the scalability and sustainability of fumaric acid production. Technological progress fosters innovation and diversification within the fumaric acid industry, driving market growth and enabling its adoption across various sectors.
Opportunities
- Rising Clean Label Trends due to Growing Consumer Preference for Natural Processed Ingredients
As consumers increasingly seek transparency and health-conscious options in their food and beverage choices, demand for natural acidulants such as fumaric acid sourced from fruits has surged. Fumaric acid, derived from natural raw materials, aligns well with clean label requirements, making it an attractive option for manufacturers aiming to meet consumer preferences. Its natural origin and clean-label status position fumaric acid as a desirable ingredient in a wide range of products, including organic and natural food formulations, driving its adoption across various industries and contributing to market growth.
- Rising Health Consciousness among Consumers Leads to the Adoption of Fumaric Acid
As more individuals prioritize healthier lifestyles, there is a growing demand for food and beverage products with natural or healthier ingredients. Fumaric acid, being a naturally occurring organic acid found in various fruits and vegetables, aligns well with this trend. Its usage as a food additive for acidity regulation and preservation offers manufacturers a chance to meet consumer preferences for clean-label and healthier options. Consequently, this trend presents a favorable environment for the expansion and adoption of fumaric acid across various industries, including food and pharmaceuticals.
Restraints/Challenges
- Increasing Potential Substitution for Fumaric Acid Limits its Growth
As alternatives become more accessible, demand for fumaric acid may decline due to its potential replacement in various applications. This poses a challenge for the market's expansion, as consumers may opt for alternative products that offer similar functionalities. Consequently, the market for fumaric acid faces limitations in its growth trajectory, as it contends with the growing array of substitute options.
- High Production Costs Prevent Industries from Adopting Fumaric Acid
The complex production process, which typically involves fermentation of carbohydrates or chemical synthesis, requires specialized equipment and resources, leading to elevated production expenses. These high costs can make fumaric acid less economically viable compared to alternative acidulants or additives. As a result, industries may explore alternative options or formulations to mitigate these cost constraints, impacting the market growth of fumaric acid.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2022, Bartek Ingredients initiated the construction of a state-of-the-art facility aimed at becoming the world's largest producer of malic and food-grade fumaric acid. With an investment of USD 160 million, this expansion project, set to conclude by 2023, demonstrates Bartek's proactive stance in meeting rising market demand and exploring new product avenues. WSP Global's involvement underscores the project's strategic significance and underscores Bartek's dedication to enhancing its global leadership position
- In March 2020, Bartek Ingredients announced plans for a significant expansion, aiming to increase malic acid capacity by 10,000 Mt by the first quarter of 2021. As the world's leading malic acid and food-grade fumaric acid producer, this expansion initiative underscores Bartek's commitment to meeting escalating market demands and consolidating its position as a key player in the industry's growth trajectory
Fumaric Acid Market Scope
The market is segmented on the basis of application, end-user, and extraction type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Food Additive
- Rosin Paper Sizes
- UPR, Alkyd Resins
- Animal Feed
- Others
End-User
- Food and Beverages Industry
- Cosmetics Industry
- Pharmaceutical Industry
- Chemical Industry
Extraction Type
- Fumaria Officinalis
- Maleic Anhydride
- Fermentation
Fumaric Acid Market Analysis/Insights
The market is analyzed and market size insights and trends are provided by application, end-user and extraction type are referenced above.
The countries covered in the market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the Rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of the Middle East and Africa in Middle East and Africa.
North America dominates in the market can be attributed to its extensive application across diverse end-user industries in the region. Fumaric acid finds widespread use in food and beverage production, pharmaceuticals, and personal care products, all thriving sectors in North America. Additionally, stringent regulations and consumer demand for natural ingredients drive the adoption of fumaric acid, further bolstering its market presence. The region's robust infrastructure, technological advancements, and strong R&D capabilities also contribute to its leadership in fumaric acid utilization.
The Asia-Pacific is expected to experience rapid growth during the forecast period primarily due to its key industry players who are actively investing in and expanding their operations, driving market development. The flourishing food and beverages industry in Asia-Pacific, fueled by rising consumer demand and changing dietary preferences, creates a conducive environment for growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fumaric Acid Market Share Analysis
The market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the market.
Some of the major players operating in the market are:
- FUSO CHEMICAL CO., LTD. (Japan)
- Polynt (Italy)
- Bartek Ingredients Inc. (Canada)
- Tate & Lyle (U.K.)
- TCI Chemicals (India) Pvt. Ltd. (India)
- Huntsman International LLC (U.S.)
- Merck KGaA (Germany)
- The Chemical Company (U.S.)
- BASF SE (Germany)
- Akzo Nobel N.V. (Netherlands)
- DuPont (U.S.)
- Thermo Fischer Scientific, Inc. (U.S.)
- Thirumalai Chemicals (India)
- Khusheim Holding (Saudi Arabia)
- Sip Chemical Industries (India)
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