Fumaric Acid Market: Growing at 5.3% CAGR, Set to Reach $1.03 Billion by 2030

Shingetsu Research29 Aug, 2024Business

The global Fumaric Acid market, valued at USD 671.2 million in 2022, is expected to grow to USD 1,034.7 million by 2030, with a CAGR of 5.3%. This growth is driven by the increasing demand in the food processing sector and the rising popularity of packaged and canned foods. Fumaric acid, found in natural sources and produced synthetically, is used in food additives, pharmaceuticals, and other industries. Key applications include food additives, pharmaceuticals, and unsaturated polyester resins. The market faces challenges from health concerns and regulatory restrictions but presents opportunities in the pharmaceutical sector and bio-based products.

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