Global Fumaric Acid Market Is Driven By Increasing Adoption Of Fumaric Acid In Food & Beverages Across The Globedate_range
An ongoing trend observed in the market is increasing use of fumaric acid as a food acidulant, coagulant, and others in food & beverages sector to add sharp taste, flavor, and preserve the end-product. Fumaric acid is also known as allomaleic acid or trans-butenedioic acid, and is produced by thermal or catalytic isomerization of maleic acid. It is also prepared by the oxidation of furfural and sodium chlorate in presence of vanadium pentoxide. Fumaric acid is a white crystalline powder with chemical formula HO2CCH=CHCO2H and is nonhygroscopic virtually.
Rapid industrialization coupled with growing construction, automotive, food & beverages, and other industries are factors proliferating demand for fumaric acid. Fumaric acid is widely used in beverages such as energy drinks in order to stabilize or preserve and maintain the quality for long time. It is also used in baked goods, gelatins, puddings, jams, jellies, and meat products. Increasing adoption of fumaric acid in manufacturing of resins such as unsaturated polyester resins and alkyd resins for maintaining the unsaturated molecular chain. These resins are widely used in various end-use industries such as automotive, pharmaceutical, and construction.
Fumaric acid is non-toxic and thus used in plasticizers as a chemical intermediate owing to increasing use of plasticizers in food processing. Growing population coupled with high disposable income, and government initiatives and investments for commercial and residential construction in various countries, have a positive impact on the global market. Stringent regulations by government authorities pertaining to environmental concerns associated with resins to reduce carbon footprints is a factor challenging growth of the global market. US Food and Drug Administration (FDA), Flavor & Extract Manufacturers Association, European Union, and others have regulations on use of fumaric acid in food & beverages and pharmaceutical industries.
Fumaric acid is found in two grades i.e., food-grade and technical-grade. The fumaric acid is used for various applications such as food & beverages, rosin paper sizes, unsaturated polyester resin, and alkyd resins. Food-grade fumaric acid is widely used in energy drinks and other beverages along with food products for preservation and flavor enhancement. Fumaric acid is used in different concentration for various applications such as around 30 % in paper size resins, 20 % in unsaturated polyester resins, 15% in food acidulant, 6% in alkyd resins, 5% in plasticizers, and others.
- By Type
- By Region
- By Application
Rapid industrialization, coupled with growing construction and automotive industries, increasing government investments in various industries in the Asia Pacific region are factors driving demand for resins and plasticizers which in turn increase demand for fumaric acid. In addition, shifting preference for convenience and processed food products owing to hectic lifestyle, and high spending capacity has a positive impact on the Asia Pacific market. Growing awareness among consumers for healthy diet, rapid urbanization, coupled with increasing consumption and demand for energy drinks and ready-to-eat food products are factors augmenting demand for fumaric acid in North America and Europe.
The worldwide market for fumaric acid is expected to register significant CAGR of around 7.1 % over the next ten years and will be valued at US$ 1,317.5 Mn in 2028, from US$ 661.3 Mn in 2018.
Some of the prominent players operating in the target market include Yantai Hengyuan Bioengineering, Bartek Ingredients, Polynt, Thirumalai Chemical, Isegen, Fuso Chemicals, Jiangsu Jiecheng Bioengineering, Changzhou Yabang Chemical, NIPPON SHOKUBAI, Sealong Biotechnology, Changmao Biochemical Engineering, Suzhou Youhe Science and Technology, and XST Biological.