Europe Fumaric Acid Market was valued at USD 139.28 Million and is expected to grow at a CAGR of 4.1% during the forecasting period (2022-2027).
Consumer awareness of sedentary and unhealthy lifestyles is growing, leading to a desire for healthier food options. As disposable income has increased, so has consumption of ready-to-eat foods, energy drinks, and healthy foods. Furthermore, advancements in a variety of industries, including pharmaceuticals, chemicals, and cosmetics, are expected to drive the global fumaric acid market.
Europe Fumaric Acid Market Report Scope and Research Methodology
The report provides the qualitative and qualitative analysis of the Europe Fumaric Acid Market based on segmentation. Market segmentation helps to understand the Europe Fumaric Acid market structure easily. The regional insights highlight the use of Europe Fumaric Acid in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Europe Fumaric Acid industry with partnerships, business growth and acquisitions.
Data was collected through Primary and Secondary research methods from the Europe Fumaric Acid market. Secondary research includes sources such as company annual reports, presentations, publications of OEMs vehicle sales, technical handbooks and technical articles. Primary interviews were conducted with Europe Fumaric Acid Market experts and supply sides across the region. The bottom-up approach was used to estimate the Europe Fumaric Acid market size and volume. Porter’s five forces analysis is also included in the report, which helps to understand the Europe Fumaric Acid market through various perspectives.
Europe Fumaric Acid Market Report Overview:
The Europe Fumaric Acid Market research is based on forecasts from major organizations as well as market statistics. Sales growth figures at several global, regional, and national market levels, as well as a competitive landscape for predicted periods and individual firm valuations, are all included in Europe Fumaric Acid market research. The report provides growth variables, current Europe Fumaric Acid market share, various types, technologies, applications, and regional penetrations by 2029 during the forecast period.
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Europe Fumaric Acid Market Key Players:
Akzo Nobel N.V. (Netherlands)
Arkema (France)
Bartek Ingredients Inc.(Canada)
BASF SE (Germany)
Merck KGaA (Germany)
Polynt (Italy)
Europe Fumaric Acid Market Dynamics:
Food processing and handling is one of the most important industries within Industrials, with three key subsectors: processing, packaging, and commercial food service equipment. It has outpaced the broader Industrials industry over the last five years, representing a $100 billion market. The food and beverage industry is the largest manufacturing sector in the EU in terms of jobs and value-added; trade with non-EU countries is also advantageous. The EU has a significant food trade surplus, and European culinary specialties are popular around the world. Over the last decade, the EU's food and beverage exports have more than doubled, reaching over USD 94.53 billion and contributing to a nearly USD 31.51 billion positive balance.
Europe Fumaric Acid Market Segmentation:
In this report, the Fumaric Acid market is segmented by product type, application, End Use Industries, End-User Industry, and geographical region. The Fumaric Acid market is divided into two product types: food and technical grades. Food & Beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, and Other Applications comprise the Fumaric Acid Market.
During the forecast period, the food and beverage industry is expected to dominate the application segment, accounting for 24 percent of the market. Spray painters should avoid using lead, cadmium, and chromium-based pigments. Spray painters who use isocyanates in polyurethane coatings or aliphatic amines in epoxy paint systems are more likely to develop occupational asthma. Biocides are commonly used in the production of paints. Paints contain three types of chemicals: pigments, solvents, and vehicles. The first step in the papermaking process is bleaching the pulp. Different additives are used depending on the type of paper, and the cooking process is contained using a negative-pressure furnace to prevent gas from escaping.
Fumaric acid is an antioxidant found in lard, butter, cheese, powdered milk, sausage, bacon, frankfurters, almonds, and potato chips. When sodium benzoate is used as a preservative in the preservation of green foods and fish, it can provide the acidity required. In beverages and baking powders, it can be used to replace tartaric acid; in fruit drinks, it can be used to replace or partially replace citric acid.
Europe Fumaric Acid Market Regional Analysis:
The market's primary geographic condition and segments and sub-segments are examined in the Europe Fumaric Acid Industry Research. The current state of the regional Europe Fumaric Acid market is provided in the report in terms of market size, share, and volume. The Europe Fumaric Acid market report analyses all the regions:
Key Questions answered in the Europe Fumaric Acid Market Report are:
Key offerings:
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 23, 2023
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