Fumaric Acid Market, By Type (Food Grade, Technical Grade), By Application (Food & beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, Other Applications), By End-User Industry (Food and Beverage, Cosmetics, Pharmaceutical, Chemical, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Fumeric acid is a chemical compound that occurs in a wide range of nature and has a fruity taste. Fumeric acid and its salts are also known as fumarates or fumarate esters. The name fumarate may also refer to a C2 compound. Fumeric acid is used in baking and desserts. This acid is highly acidic and will give desserts a more intense aftertaste. It is used in puddings, gelatin desserts, condensed milk products, and pie filling. It can be used in place of citric acid. Despite the sourness it adds, fumaric acid is still considered safe by the Food and Drug Administration.
Market Dynamics:
Growing application in food and beverage industry is primarily fueling growth of the fumeric acid market. Increasing demand from pharmaceutical industry where it is used in as a food additive is again fostering market growth. Additionally, growing automobile production where it is used in the fabrication of body panel for heavy and light duty vehicle is further anticipated to augment the market growth.
On the other, health hazards associated with fumeric acid is projected to hinder the market growth.
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