Hexa Research Inc.
Industry Research,Custom Research & Consulting
Fumaric Acid Market Analysis, Market Size, Share,
Regional Outlook, Industry Trends, Competitive Strategies
And Segment Forecast, 2012 To 2022
Industry Overview
Global fumaric acid market size is expected to reach 346.2 kilo tons by 2020, growing at a CAGR of 5.9%
from 2014 to 2020.
Increase in convenience food demand coupled with growing ready-to-drink (RTD) beverages is expected
to drive fumaric acid market over the next six years. Fumaric acid is used as an acidulant to increase the
shelf life in food & beverages application. It also provides pH adjustment and flavor enhancing
properties in food & beverages. Global fumaric acid prices are estimated to be stable over the past few
years owing to increasing demand of acidulants from food & beverages industry.
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Hexa Research Inc.
Industry Research,Custom Research & Consulting
Growing trend towards adoption of nutritional diet coupled with increasing health consciousness among
consumers is anticipated to drive healthy food & beverages consumption. This factor is expected to
positively influence the demand.
Global market is witnessing a shift towards energy drinks consumption coupled with introduction of new
ethnic and exotic flavors in food & beverages industry. Global decline in average household size is
expected to increase packaged food demand. Global beverage consumption was more than 650,000
million liters in 2012 and is expected to cross 800,000 million liters by 2017. These factors are expected
to drive demand for food & beverages application.
Increasing unsaturated polyester resins (UPR) and paints demand from increasing infrastructure
spending coupled with growing automobile production particularly in countries such as China, India and
Brazil is likely to surge the demand. UPR is used in construction applications such...