Global Fumaric Acid Market will Multiply at an Impressive CAGR of 6.35% from 2016 to 2025

Fumaric acid plays the role of a food additive (acidulant) and renders pH adjustment, flavor improvement, and preservation in beverages & food. Increasing economic development together with living standard particularly in developing countries such as India, China is expected to boost the consumption of processed beverages & food which will consecutively augment the growth of the global market. The change in trend for dietary consumption joined with rising health consciousness amongst customers is anticipated to boost the demand of processed beverages & food. This factor is probable to drive the growth of the fumaric acid market during the forecast years. The launching of a wide range of flavors including ethnic and exotic flavors in beverages & food market is anticipated to strengthen the global demand of fumaric acid.

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Market Overview:
The Global Fumaric Acid Market was valued around USD 0.41 billion in 2016 and is expected to reach roughly USD 0.72 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.35% during the forecast period, owing to the rise in popularity of processed food together with availability of ready-to-drink beverages.

Key Market Players:
Prinova LLC
Bartek Ingredients
Fuso Chemicals
Polynt S.P.A.
Thirumalai Chemicals
Dastech International Inc.
Xilong Chemical Company Ltd

Regional Outlook:
In 2013, Asia Pacific region was the top market concerning demand of fumaric acid and is anticipated to persist its supremacy during the forecast period. Rising demand of convenience food together with a rise in middle-class disposable earning as well as population growth is anticipated to drive the demand of fumaric acid in this region. Increasing remodeling and construction in Asia Pacific region is also projected to fuel the growth of the regional market. Growing automobile industry in developing countries of Asia Pacific like Indonesia and Thailand are estimated to boost the market growth of fumaric acid in the area.

North America region was the subsequent largest market for the fumaric acid; however it is said to observe a declination in demand during the forecast years due to strict government regulations about the utilization of alkyd resins. After North America, Europe is also anticipated to experience a turn down in demand of fumaric acid due to saturation of the market in various industries.

The fumaric acid market is segmented as follows –

By Application
Fumaric acid in food & Beverages
Rosin Paper Sizes
Unsaturated Polyester Resins (UPR)
Alkyd Resins
Fumaric acid in Medicine
Other Applications

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This release was published on openPR.