Fumaric Acid Market is Anticipated to Grow at a CAGR of 6.7% During Forecast Period 2021-2031

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights of Fumaric Acid. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fumaric Acid Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fumaric Acid market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fumaric Acid

This newly published and insightful report sheds light on Market Insights of Fumaric Acid, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fumaric Acid Market.

Fumaric acid market forecast by Fact.MR

Application of fumaric acid in several end use industries across various applications has been witnessed over the last decade. With growing research and development activities, the scope of application of fumaric acid has gone beyond the main food and beverage industry. It is widely used for cosmetic applications, where it regulates the pH value of various cosmetic products and maintains the acidic nature of the product.

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Fumaric acid Market Key Segments

  • By Extraction Type

    • Fumaria Officinalis
    • Maleic Anhydride
    • Fermentation
  • By End Use Industry

    • Food and Beverage
    • Cosmetic
    • Pharmaceutical
    • Chemical
  • By Application

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

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Key Insights on Global Fumaric Acid

  • Extraction of fumaric acid using fermentation is expected to witness an upsurge as it provides high quality and effective fumaric acid produce. Rate of adoption of fermentation is expected to go beyond 8% during the forecast period. Use of maleic anhydrite for fumaric acid production by few manufacturers is also observed during the assessment period
  • Pharmaceutical and cosmetic industries have shown similar consumption rate of fumaric acid. However, higher sale of fumaric acid in pharmaceutical applications has been witnessed, as compared to cosmetics. Food and beverage continues to lead the global market
  • With respect to applications, fumaric acid is widely used in food additives and unsaturated polyester resins. Moreover, animal feed is another application area where the consumption of fumaric is expected to grow at a higher rate during the period of forecast. It is projected to grow at 8.7% throughout the analysis period, 2017-2026

Competitive landscape

Key players of fumaric acid are focusing on improvising their manufacturing process to achieve higher production yield and quality fumaric acid. This is to cater to the growing demand of fumaric acid in preservatives, bakery products, as flavoring agents, in wine, in juices, paints, resins, as well as body cleansing agents.

Additionally, players also focusing on increasing their market share in the Asia Pacific and European markets by entering into strategic partnerships and joint ventures with regional players as well as investment groups.

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More Valuable Insights on Fumaric Acid Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Fumaric Acid, Sales and Demand of Fumaric Acid, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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