Demand for furmaic acid is increasing significantly in a variety of industries. According to Coherent Market Insights, the global fumaric acid industry size is set to total US$ 381.6 million by 2030. Global demand for fumaric acid will likely grow at a CAGR of 4.6% during the forecast period.
Anmol Chemicals, Merck KGaA, Bartek Ingredients Inc., UPC Group, ESIM Chemicals, Merck KGaA, Fuso and Chemical Co. Ltd. are few fumaric acid manufacturers and suppliers. Leading players are establishing new fumaric acid production facilities. They are constantly focusing on increasing their production capacities to meet growing consumer demand.
Key players are employing sustainable fumaric acid production methods to lower their environmental footprint. They are also using partnering and collaborating with other companies to expand their regional presence.
In April 2022, Bartek Ingredients started construction of the world’s largest malic and fumaric acid facility. The new state-of-the-art facility will double the company’s capacity and solidify its position as the global leader in malic acid and fumaric acid.
In December 2024, Alphagary acquired Mexico-based fumaric acid company Neotrimental S.A. de CV. This acquisition is intended to expand Alphagary (Orbia) into the fumaric acid food additives landscape to enable safe preservation of foods and mitigate food waste issues.
Key Factors Propelling Fumaric Acid Industry Growth
The global fumaric acid industry is set to witness steady growth. This is due to growing usage of fumaric acid across food and beverage, pharmaceutical, and plastic industries.
Fumaric acid has become a popular food additive. It is being extensively used as an acidulant and a flavoring agent in processed foods, beverages, and bakery products. As the demand for these products continues to increase, so will sales of fumaric acid.
Fumaric acid is also used in many pharmaceutical formulations and dietary supplements. This is mainly due to its antioxidant properties. It has become an effective solution to counter diseases like psoriasis.
Growing usage of fumaric acid in polyester resin production is also informing sales growth. It is widely used for producing unsaturated polyester resins (UPR), which are then used across industries like automotive and construction.
Rising popularity of bio-based fumaric acid is also playing a key role in supporting industry expansion. Leading players are constantly embracing sustainable and bio-based fumaric acid production methods to reduce their environmental footprint.
Regional Insights
North America remains at the top of the ladder in the fumaric acid industry. This is attributable to rising usage of fumaric acid as a food additive and expansion of electric vehicle industry. Growing popularity of processed food products and beverages is positively impacting fumaric sales in the region.
Asia Pacific is expected to emerge as a highly lucrative pocket for manufacturers of fumaric acid during the forecast period. This is due to rising demand for convenience foods and drinks. Similarly, expanding plastic and pharmaceutical industries and favorable government support will likely boost sales growth in the region.
