Asia Pacific Fumaric Acid Market: Industry Analysis and Forecast (2024-2030), Trends, Statistics, Dynamics, Segmentation

Asia Pacific Fumaric Acid Market Overview

Consumer awareness of sedentary and unhealthy lifestyles is driving demand for better food options. As disposable income has increased, the need for ready-to-eat foods, energy drinks, and healthy foods has risen. Furthermore, improvements in industries such as pharmaceuticals, chemicals, and cosmetics are likely to be significant drivers of the fumaric acid market.

 

Fumaric acid is a white solid chemical substance that is found in abundance in nature. It has a fruity flavour and has been used as a food ingredient in the past. Fumarates are the salts and esters that makeup fumarates. Butenedioic acid has two isomers: trans and cis. Fumaric acid is the trans isomer, whereas maleic acid is the cis isomer. Fumarate is a product of the citric acid cycle, which allows cells to manufacture energy from food in adenosine triphosphate (ATP). It's made when the enzyme succinate dehydrogenase oxidizes succinate. The enzyme fumarase then converts fumarate to malate. When exposed to sunshine, human skin creates fumaric acid.

 

 

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Asia Pacific Fumaric Acid Market Dynamics

Food Processing Industry in the Asia Pacific

Food processing is a high-stakes industry in which manufacturers have spent heavily: their innovation capabilities enable them to meet critical difficulties such as ethical and environmentally friendly food processing or expanding food production to meet population growth. In Asia Pacific markets, opportunities for international trading of food and beverage items are expanding. Agri-food exports from the E.U. to the Asia Pacific Economic Cooperation (APEC) have more than doubled in the last decade. The value of these exports in 2019 was €74,710 million. This upward trend is likely to continue, with the Asian food and beverage market expected to rise at an annualized pace of 11% between 2020 and 2024, reaching US$277 billion. Food processing is projected to develop due to several variables, including population growth, rising per capita disposable income, increased demand for meat and poultry, and increased consumption of processed foods.

 

The food processing market is expected to multiply as the product is widely employed in end-use sectors, especially in Asia, where domestic manufacturing and consumer income levels are rising. Furthermore, rising leisure food demand in China, India, Japan, Indonesia, Malaysia, and other countries is projected to supplement market expansion, resulting in increased product demand in the following years. According to a new collaborative analysis by PwC, Rabobank, and Temasek, Asian consumers' food spending will treble to more than $8 trillion by 2030. The region's rapidly rising population and changing consumer preferences will drive most of that demand. According to the analysis, more than $1.5 trillion in investment will be necessary to keep up with the rising demand. The ready-meal industry is increasing due to factors such as the predominance of a fast-paced lifestyle, particularly in urban areas, which drives up consumer demand for pre-cooked dishes. Another factor boosting the ready meals market is changing food consumption patterns is increased urbanization. Companies are increasingly producing health-based ready meals to meet the unmet demands of active and healthy persons.

 

Market Restraints

Stringent Government Regulations and Health Hazards

Food policy in the APAC markets is reviewed regularly to improve the food supply's safety and quality while fostering international trade. The food safety rules in China, Taiwan, Australia, and New Zealand have recently been updated. Taiwan's legislation on microbiological criteria and maximum limits for pollutants has been changed to conform to international norms. The essential provisions in these areas were previously outlined in vertical product sanitation standards. The TFDA, on the other hand, issued Notification No. 1071300778 on May 8, 2018, introducing the revised Sanitation Standard for Contaminants and Toxins in Food. This horizontal standard sets maximum limits in foods for heavy metals, mycotoxins, and other pollutants. It took effect on January 1, 2019, and superseded the applicable requirements in the vertical product sanitation standard.

 

Food security for everybody, including access to safe and healthy food, is a priority for the government. It is impossible to overestimate the difficulty of exporting food and beverage products to the Chinese market. Various government agencies and organizations set a variety of food standards and rules. The different tiers of vertical, product-specific bars, for example,

• National Food Safety Standards (GB prefix): legal requirements that establish food safety norms.
• They have recommended national standards (GB/T prefix): non-binding guidelines for food quality parameters. However, in the lack of legal requirements in specific locations, several local enforcement authorities refer to these voluntary measures when inspecting product compliance.
• Industrial standards (containing prefixes such as NY/T, QB/T, and SB/T, among others)

 

Asia Pacific Fumaric Acid Market Segment Analysis:

The Fumaric Acid market is segmented by product type, application, by End Use Industries,by End-User Industry, and geographical region in this report. The Fumaric Acid market by Product type is segmented into food and technical grades. The Fumaric Acid Market by application is divided into Food & Beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, and Other Applications.

 

The food and beverage industry is expected to dominate the application segment holding 39 percent market share during the forecast period. Fumaric acid is generally employed as an acidulant and flavoring agent in liquid medicinal formulations. Although fumaric acid can be used as the acid component in effervescent tablet formulations, its application is limited due to the compound's extremely poor water solubility. It's also employed as a chelating agent, and when combined with other genuine antioxidants, it has synergistic effects. Fumaric acid was used to enhance spheronization in creating novel pelletized formulations manufactured by extrusion-spheronization, favoring the manufacturing of fine pellets. It's also being looked into as a replacement for lactose as a filler in shells. Fumaric acid has been studied as a lubricant for effervescent tablets, while fumaric acid-sebacic acid copolymers have been studied as bioadhesive microspheres.

 

Fumaric acid is a common ingredient in cleaning and bath products because of its propensity to create carbon dioxide. Malic acid is common in oral and hand cleansers and revitalizing skin care products. With enhanced palatability and effervescent action, acidulants are a versatile option for the pharmaceutical, personal care, and cosmetic industries.

 

 

Asia Pacific Fumaric Acid Market Regional Analysis

The report contains an in-depth analysis of the Asia Pacific Fumaric Acid market by geographical region across Asia-Pacific. Developing countries like India and Chinareis expected to drive the Asia Pacific Fumaric Acid market growth in this region.The regulation of food and beverages in the Asia-Pacific area is in flux, posing both obstacles and opportunities for international trade. While the APAC market as a whole has a lot of promise for food and beverage export, China currently has the most options. Due to changing requirements, the Chinese market is becoming more accessible to manufacturers of integrated alcoholic beverages and health supplements. And, when social development is combined with cutting-edge digital marketing and sales strategies, all food and beverage exporters get access to extensive and lucrative markets. In the last decade, China's demand for food processing has exploded. Production and demand will continue to rise in the coming decade. For more than two decades, the Chinese economy has maintained a high rate of growth, which has been fueled by repeated gains in industrial output, import and export, consumer demand, and capital investment.

 

This report aims to analyze current market trends and potential opportunities to enhance growth to succeed in the industry. The report identifies factors influencing market dynamics and development of the Asia Pacific Fumaric Acid market and how this will control investment during the forecasting period. The report studies regional markets to provide valuable insights into revenue and predicted value; information also includes the competitive landscape of key industry players and their recent developments.

 

Through comprehensive research supported by qualitative and quantitative data, this report provides essential information on the market behavior during the projection period (2024-2030). It also recognizes dominant segments in the market, projects their development, and identifies new elements that will dominate with technological advancements.

 

The report contains detailed analyses through Porter's five forces model to determine the industry's structure and help devise a corporate strategy for the market. The model reports provide essential information about stakeholders' influence, product quality, substitute products, etc. The report also analyses whether the Asia Pacific Fumaric Acid market is accessible for new competitors to gain a foothold, whether they enter or exit the market regularly, and if a few players dominate it.

 

A measured approach is adopted through Pestel analysis to quantify factors including government policies, economic structure, and political situations that will affect the development of this sector. Economic variables aid in studying financial performance drivers that impact the Asia Pacific Fumaric Acid Market. The report also considers environmental and legal factors that may affect the progress in this industry.

 

Asia Pacific Fumaric Acid Market Scope

Asia Pacific Fumaric Acid Market Scope
Market Size in 2023	USD 315.63 Mn.
Market Size in 2030	USD 456.10 Mn.
CAGR (2024-2030)	5.4%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Product 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-Use Industries Food and Beverage Cosmetics Pharmaceutical Chemical Other End-user Industries
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

Asia Pacific Fumaric Acid Major Competitors

The Asia Pacific Fumaric Acid demands innovation and progress in a continuously changing landscape with new government policies and development. Thus, significant players often opt for strategies to invest in research and more recent technologies to be market-ready. Details profiles about the competitors, including revenue, market size, analysis, and technological advancements, are covered in this report.

• Changmao Biochemical Engineering Company Limited (China)
• FUSO CHEMICAL CO., LTD. (Japan)
• Jiangsu Jiecheng Bioengineering Co., Ltd (China)
• SIP CHEMICAL INDUSTRIES(India)
• TCI Chemicals Pvt. Ltd (Japan)
• XST Biological Co., Ltd. (China)
• Akzo Nobel N.V. (Netherlands)
• Arkema (France)
• Bartek Ingredients Inc.(Canada)
• BASF SE (Germany)