The report named Fumaric Acid Market Research Report, published by Stratview Research offers a thorough knowledge of the development and current scenario of the market. This report contains updated information related to the market gathered through extensive primary and secondary research. The market report incorporates the key players including manufacturers, providers, etc. This can help the users to understand the scenario of the market and take a firm decision for future investments.
As per the report, the fumaric acid market was estimated at USD 565.24 million in 2021 and is likely to grow at a CAGR of 4.3% during 2022-2028 to reach USD 763.67 million in 2028.
The constantly growing applications of fumaric acid in the food and beverage industry, the rising standard of living of people, and economic development, especially in countries such as India and China are likely to contribute towards the market growth over the forecast period.
This newly published and insightful report sheds light on market insights of the Fumaric Acid Market, including their impact on the overall value chain from suppliers to end-users and growth dynamics. Also, it discusses the market size from 2022-2028.
What is fumaric acid?
Fumaric acid is an organic compound that has a fruit-like taste. Fumaric acid is extensively used as a food additive. It is also known as trans-butene-dioic acid.
Stratview Research tracks all the major product launches, mergers, and acquisitions over the past few years. The identification of key players in the market is based on both primary interview results as well as available authentic secondary data sources. According to the research, the following are the key players in the Fumaric Acid Market.
- Anmol Chemicals
- Bartek Ingredients Inc.
- ESIM Chemicals
- FUSO CHEMICAL CO. LTD
- Merck KGaA
- Shanghai Changmao Biochemical Engineering Co., Ltd..
- Thirumalai Chemicals Ltd,
- UPC Group
- Yongsan Chemicals Inc.
This report aims at providing critical market information and valuable insights which are of high value to the users, enabling them to identify strategic growth opportunities in the market. The report also aims at answering the following key questions:
- What is the current and future market potential of the Fumaric Acid Market?
- How will the COVID-19 pandemic impact the market?
- What will be the short and long-term repercussions of the pandemic?
- How are other crucial market factors changing the market dynamics?
- When is the recovery expected from the pandemic?
- After the pandemic, which region will heal up at the fastest pace?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the market competition?
- What are the key emerging trends and unmet needs?
- What are the strategic growth opportunities and key success factors?
Based on the application type, the market is segmented as food and beverage processing, rosin paper sizing, unsaturated polyester resin, alkyd resin, personal care & cosmetics, and others. The food and beverage processing segment is likely to dominate the market, as fumaric acid is the majorly used food additive for keeping processed food stable. Also, this additive decreases the pH value with minimum additional sourness.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for the fumaric acid market during the forecast period, driven by China. Also, the high demand for packed foods, increasing per-capita income, and growing population also contribute to the region’s growth over the next five years.
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