Global Tartaric Acid Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Tartaric Acid Market Overview:
"The Tartaric Acid Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Tartaric acid is crystalline dicarboxylic acid, naturally found in various fruits such as grapes, banana, tamarind, etc. It is also known as dihydroxybutanedioic acid, which is one of the most widely found plant-acid, and has various industrial uses. Salts also obtain it, potassium bitartrate, also called as cream of tartar, from wine fermentation by-products. Tartaric acid is colorless and soluble in the water. It is commonly used in jellies, carbonated drinks, and gelatin deserts. It is also used for various industrial applications such as photographic printing, calico printing, metal cleaning and polishing, etc.
Tartaric Acid Market Dynamics:
Increasing demand for tartaric acid for industrial applications in various industries is a major factor driving growth of the global tartaric acid market. Tartaric acid is organic acid with anti-inflammatory and anti-oxidant properties which helps to promote overall wellness and helps to boost immunity system of individuals.
Growing adoption of the product in food industry is another factor expected to fuel growth of the market. Tartaric acid is also used in wine production. Growing wine production is a factor propelling growth of the target market. Furthermore, growing technological innovations activities to expand its area of applications is a factor expected to boost growth of the global tartaric acid market shortly.
However, stringent government regulations against use of synthetic tartaric acid could hamper growth of the global tartaric acid market. In addition, overconsumption of tartaric acid can cause vomiting, abdominal pain, and diarrhea. This is another factor that could affect growth of the global market.
Among the application segments, the food & beverages segment is expected to dominate the global market in terms of revenue in the near future, owing to growing demand for ready-to-drink beverages and processed food among individuals.
Market in Europe is expected to account for major share in terms of revenue in the global market, and is expected to maintain its position over the forecast period. High wine production and growing demand for natural tartaric acid are factors driving growth of the target market in this region. Market in North America accounts for second-highest share in terms of revenue, followed by Asia Pacific. Asia Pacific market in projected to register fastest growth in terms of revenue over the forecast period, owing to growing demand for processed food and beverage in countries in this region.
Global Tartaric Acid Market Segmentation:
Segmentation by source:
- Maleic anhydride
- Grapes & Sun-dried Raisins
- Others (Apples, Tamarind, Apricot, etc.)
Segmentation by type:
Segmentation by application:
- Personal Care Products
- Food and Beverage
- Others (Animal Feed and Industrial Use)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Caviro Group
- ATP Group Ltd.
- Merck & Co., Inc.
- Omkar Speciality Chemicals Limited
- Changmao Biochemical Engineering Company Limited
- Tarac Technologies Pty Ltd
- Distillerie Mazzari SpA
- Distillerie Bonollo S.p.A.
- Vinous derivatives S.A
- Tartaros Gonzalo Castello S.L.
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