Global Fumaric Acid Market Size & Outlook, 2024-2030
The fumaric acid industry worldwide is expected to reach a projected revenue of US$ 610.4 million by 2030. A compound annual growth rate of 7.8% is expected of the worldwide fumaric acid industry from 2025 to 2030.
Revenue, 2024 (US$M)
$391.0
Forecast, 2030 (US$M)
$610.4
CAGR, 2025 - 2030
7.7%
Report Coverage
Worldwide
Global fumaric acid market, 2018-2030 (US$M)
Global fumaric acid market highlights
- The global fumaric acid market generated a revenue of USD 561.5 million in 2023 and is expected to reach USD 748.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, food & beverages accounted for a revenue of USD 561.5 million in 2023.
- Food & Beverages is the most lucrative product type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 561.5 million |
| Market revenue in 2030 | USD 748.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Food & Beverages |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages |
Other key industry trends
- In terms of revenue, the North America accounted for 25.4% of the global fumaric acid market in 2023.
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Fumaric Acid Market Scope
Fumaric acid market segmentation & scope
Food & Beverages
Pulp & Paper
Unsaturated Polyester Resins (UPR)
Pharmaceuticals
Feed Additives
Cosmetic Manufacturing
Other Products
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
India
Japan
Brazil
Argentina
South Africa
Saudi Arabia
Fumaric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fumaric acid market size, by regions, 2018-2030 (US$M)
Top 10 countries: Fumaric acid market size, 2024 (US$M)
Global fumaric acid market share, by product type, 2024 & 2030 (%, US$M)
Fumaric acid market: Opportunity assessment by country
Global fumaric acid market, by region, 2024 (US$M)
Related regional statistics
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