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Global Fumaric Acid Market 2017-2021

Global Fumaric Acid Market 2017-2021

About Fumaric Acid

Fumaric acid, also known as trans-butenedioic acid, is a white crystalline compound found in nature. It is the primary intermediate in the tricarboxylic acid cycle for the biosynthesis of organic acid in humans and other mammals. The global fumaric acid market can be classified into two segments on the basis of application and geography. Some of the key application segments of the fumaric acid market are food and beverages, UPR, rosin paper sizes, alkyd resins, and others.

Technavio’s analysts forecast the global fumaric acid market to grow at a CAGR of 6.93% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global fumaric acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Fumaric Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bartek Ingredients
  • Dastech International
  • FUSO CHEMICAL
  • Polynt
  • Prinova Group
Other prominent vendors
  • Changzhou Yabang Chemical
  • Nippon Shokubai
  • The Chemical Company
  • Thirumalai Chemicals
  • U.S. Chemicals
  • WEGO CHEMICAL GROUP
Market driver
  • Introduction of ethnic and innovative flavors
  • For a full, detailed list, view our report
Market challenge
  • Increased threat of substitutes from citric acid and malic acid
  • For a full, detailed list, view our report
Market trend
  • Increased consumption of organic food additives
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Fumaric Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global fumaric acid market: Bartek Ingredients, Dastech International, FUSO CHEMICAL, Polynt, and Prinova Group.

Other Prominent Vendors in the market are: Changzhou Yabang Chemical, Nippon Shokubai, The Chemical Company, Thirumalai Chemicals, U.S. Chemicals, and WEGO CHEMICAL GROUP.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased consumption of organic food additives. Customer's enthusiasm for organic food products and changing preferences and food habits are expected to propel the consumption of fumaric acid during the forecast period. Over the years, increased demand for organic food additive products has led to the allocation of more shelf space for organic food brands in retail stores.”

According to the report, one driver in the market is introduction of ethnic and innovative flavors. Vendors are introducing unique flavors in the food sector, and culinary experts are increasingly using various flavoring agents. Unique flavors are being used in beverages with mixologists incorporating organic products, herbs, and other ingredients to enhance the taste. With the spread of Asian food and flavors such as green tea, lemongrass, and soy, buyers are getting accustomed to more bitter flavors. Fumaric acid is non-hygroscopic; hence, it is used in pre-blends. It is extensively used as a flavor blender in ethnic cuisine and is also used widely in dry mixes to prevent moisture absorption and product degradation associated with it.

Further, the report states that one challenge in the market is increased threat of substitutes from citric acid and malic acid. Fumaric acid is facing stiff competition from other acidulants such as citric acid and malic acid. Citric acid can be found in a wide range of processed foods and carbonated drinks as it is a natural preservative and produces tartness in carbonated drinks. It is a weak organic acid; hence, it acts as a water softener by breaking down trace amounts of metal found in water. Citric acid has a number of applications in the cosmetics and pharmaceutical industries wherein it is used as a pH adjusting agent in skin lotions. Thus, due to the wide range of applications of citric acid, a number of manufacturers prefer to produce this acidulant on a massive scale in comparison to fumaric acid.

Companies Mentioned

Bartek Ingredients, Dastech International, FUSO CHEMICAL, Polynt, Prinova Group, Changzhou Yabang Chemical, Nippon Shokubai, The Chemical Company, Thirumalai Chemicals, U.S. Chemicals, and WEGO CHEMICAL GROUP.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Table Key benefits of fumaric acid
    • Market overview
  • Market sizing
    • Table Market segments
    • Global fumaric acid market
      • Table Global fumaric acid market - Market size and forecast 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global fumaric acid market by application
      • Table Global fumaric acid market by application - Market share 2016-2021 (%)
    • Global fumaric acid market for food and beverages
      • Table Global fumaric acid market for food and beverages - Market size and forecast 2016-2021 ($ millions)
      • Table Areas of application of fumaric acid in food and beverages segment
      • Table Global fumaric acid market for food and beverages - Year-over-year growth 2017-2021 (%)
    • Global fumaric acid market for UPR
      • Table Global fumaric acid market for UPR - Market size and forecast 2016-2021 ($ millions)
      • Table Characteristics of fumaric acid-based unsaturated polyester resins
      • Table Global fumaric acid market for UPR - Year-over-year growth 2017-2021 (%)
    • Global fumaric acid market for rosin paper sizes
      • Table Global fumaric acid market for rosin paper sizes - Market size and forecast 2016-2021 ($ millions)
      • Table Global fumaric acid market for rosin paper sizes - Year-over-year growth 2017-2021 (%)
    • Global fumaric acid market for alkyd resins
      • Table Global fumaric acid market for alkyd resins - Market size and forecast 2016-2021 ($ millions)
      • Table Characteristics of fumaric acid-based alkyd resins
      • Table Global fumaric acid market for alkyd resins - Year-over-year growth 2017-2021 (%)
    • Global fumaric acid market for others
      • Table Global fumaric acid market for others - Market size and forecast 2016-2021 ($ millions)
      • Table Global fumaric acid market for others - Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global fumaric acid market - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Fumaric acid market in APAC
      • Table Fumaric acid market in APAC - Market size and forecast 2016-2021 ($ millions)
      • Table Fumaric acid market in APAC - Year-over-year growth 2017-2021 (%)
    • Fumaric acid market in North America
      • Table Fumaric acid market in North America - Market size and forecast 2016-2021 ($ millions)
      • Table Fumaric acid market in North America - Year-over-year growth 2017-2021 (%)
    • Fumaric acid market in Europe
      • Table Fumaric acid market in Europe - Market size and forecast 2016-2021 ($ millions)
      • Table Fumaric acid market in Europe - Year-over-year growth 2017-2021 (%)
    • Fumaric acid market in ROW
      • Table Fumaric acid market in ROW - Market size and forecast 2016-2021 ($ millions)
      • Table Fumaric acid market in ROW - Year-over-year growth 2017-2021 (%)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Properties of unsaturated polyester resins
      • Table Versatile characteristics of fumaric acid
    • Market challenges
  • Market trends
    • Increased consumption of organic food additives
    • Increase in disposable income among middle class
    • Growing preference for convenience food and beverages
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Major vendors in the global fumaric acid market
  • Vendor analysis
    • Vendors covered
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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