- Fumaric acid, an organic compound also known as trans-butene-dioic acid, is an increasingly vital component in various industrial applications, primarily in the food and beverage industry as an acidulant and preservative, as well as in the production of unsaturated polyester resins and in pharmaceutical applications, due to its versatile properties and cost-effectiveness
- The escalating demand for fumaric acid is primarily fueled by the rising consumption of processed and convenience foods globally, the growing need for it in the construction and automotive industries for manufacturing resins and coatings, and its expanding applications in the pharmaceutical sector for treating certain medical conditions
- Asia-Pacific dominated the fumaric acid market with a share of 45.4% in 2024, due to rapid industrialization, a growing population, and rising demand for processed foods, beverages, and resins across emerging economies
- North America is expected to be the fastest growing region in the fumaric acid market during the forecast period due to increased consumption of processed food, dietary supplements, and sustainable polymer resins
- Food Additive dominated the market with a market share of 65.5% in 2024, due to fumaric acid’s widespread use as an acidity regulator, flavor enhancer, and preservative in processed food and beverages. It offers high acidulant properties with a longer shelf life compared to other acids, making it an essential ingredient in soft drinks, bakery products, and confectionery. Its GRAS (Generally Recognized As Safe) status by regulatory agencies further promotes its adoption in the food and beverage industry
