US Fumaric Acid Market Share, Size, Price Trends and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Fumaric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The United States fumaric acid market is currently witnessing moderate growth. Fumaric acid, or trans-butenedioic acid, is an organic, white crystalline compound used as a flavoring agent in various food products. It is commonly found in lichens, mosses and mushrooms and is used as a preservative, acidulant, pH adjusting agent and flavor enhancer in bakery products, confectioneries and beverages. It can also act as a substitute for tartaric acid in drinks and baking powders. In addition to this, fumaric acid also finds extensive application in the production of various pharmaceutical products, cosmetics, synthetic resins, paints and plastics.

The United States is one of the largest consumers of fumaric acid in the North American region. With the increasing sedentary lifestyles and changing dietary patterns, there is a rising demand for ready-to-eat (RTE) and convenience food products that are manufactured using fumaric acid for enhanced stability and flavor. The acid is also added to energy drinks and alcoholic beverages to provide an intense aftertaste to the product. The extensive utilization of the acid in various foods and beverages is creating a positive outlook for the market in the country. Furthermore, fumaric acid is widely used as a stabilizing agent in the manufacturing of paints, alkyd resins and unsaturated polyester resins, which, in turn, is contributing to the market growth. Other factors, including extensive research and development (R&D) activities across the country to produce bio-based fumaric acid, are driving the market further. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States fumaric acid market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and end use industry.

Breakup by Application:

Food Additives
Rosin-Sized Sheathing Paper
Unsaturated Polyester Resins
Alkyd Resins
Others

Breakup by End Use Industry:

Food and Beverages Industry
Cosmetics Industry
Pharmaceutical Industry
Chemical Industry
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the United States fumaric acid market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States fumaric acid market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States fumaric acid market and who are the key players?
What is the degree of competition in the industry?