US Fumaric Acid Market

Market Overview:

The United States fumaric acid market size reached US$ 89.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 132.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.

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.

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 at the country and regional level from 2023-2028. Our report has categorized the market based on 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.

Report Coverage:

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?