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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 primary goal of this report is to provide a comprehensive assessment of the Europe Fumaric Acid market, which includes major key stakeholders in the Europe Fumaric Acid industry. The assessment clearly shows the forecasted market size and trends, as well as the historical and current status of the Europe Fumaric Acid market. Revenue, market share, production, and sales data for the Europe Fumaric Acid market are included in the report. The report also covers Europe Fumaric Acid market segment trends, investment, and technology, as well as the competitive landscape. It also looks at regional and market segments, application areas, and market expansion strategies. In-depth market segmentation analysis aids in determining current market opportunities, and the major segments of the Europe Fumaric Acid market are further subdivided.
To identify the current market opportunity, the report analyses the Europe Fumaric Acid market qualitatively and quantitatively from 2022 to 2029. The ability of Europe Fumaric Acid industry suppliers and buyers to make profit-oriented business decisions and strengthen their buyer-supplier network is highlighted by Porter's five forces analysis. The Europe Fumaric Acid market study offers one-of-a-kind guidance in thoughtful details about development factors, and it was created using a top-down and bottom-up approach to ensure accuracy and precision. SMR's expert analysts used extensive primary and secondary research methodologies to gather data for the Europe Fumaric Acid market report.
Europe Fumaric Acid Market Overview
The report discusses the Europe Fumaric Acid Market's drivers, restraints, technological advancements, product developments, market opportunities, restrictions, growth strategies, market prospects, and forecast period in detail. The report examines the Europe Fumaric Acid industry in depth, including key figures such as Europe Fumaric Acid market size, market share, revenue growth, and CAGR for the forecast period (2021 to 2027).
Europe Fumaric Acid Market Size was valued at USD 139.28 Million and is expected to grow at a CAGR of 4.1% during the forecasting period (2022-2027).
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Europe Fumaric Acid Market Drivers:
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 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 Regional Insights:
Major countries in each region are included in the report according to their revenue contribution to the Europe Fumaric Acid market. The study includes a region-wise detailed analysis of the Europe Fumaric Acid market. The regions are:
Key Questions answered in the Europe Fumaric Acid Market Report are:
Key Offerings:
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