MarketSegmentation
By Product Type:
Food Grade Fumaric Acid
Technical Grade Fumaric Acid
By Application:
Food & Beverage Processing
Rosin Paper Sizing
Unsaturated Polyester Resin
Market Value
Market Size (2023): USD 309.30
millionMordor Intelligence
Projected Market Size (2032): USD
500.79 million
Compound Annual Growth Rate (CAGR): 5.50% from 2023 to 2032
Market Opportunities
Growing Demand for Processed F preference for convenience foods grade fumaric acid.
Shift Towards Natural Ingredient natural and clean-label ingredien fumaric acid.
Technological Advancements: Inn processes are enhancing efficien
Expansion in Emerging Markets: developing regions present poten
Product Innovation: Developing n formulations can open additiona
Key Players/Stakeholders
Major Companies Leading the Industry:
Bartek Ingredients Inc.
Polynt Group
Thirumalai Chemicals Ltd.
Isegen South Africa (Pty) Ltd.
Fuso Chemical Co. Ltd.
Nippon Shokubai Co. Ltd.
Yantai Hengyuan Bioengineering Co. Ltd.
Sample Report
Regional Analysis
North America: Market size of USD 88.37 million in 2023; projected CAGR of 4.71% through 2032.
Europe: Significant market presence with key players driving growth.
Asia-Pacific: Largest market share due to rapid growth in the food and beverage industry, increasing population, rising disposable incomes, and shifting consumer preferences towards convenience foods and beverages.
Middle East & Africa: Emerging markets with potential growth opportunities.
Latin America: Developing market with increasing adoption of processed foods.
About Us
•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
