Tartaric Acid Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Tartaric Acid Market is worth US$ 278.9 Mn in 2022. The market value of stainless steel is expected to reach US$ 471.9 Mn by the year 2032, growing at a CAGR of 5.4% over the forecast period.
Organic acid tartaric acid is a white crystalline substance. It is naturally present in grapes, apples, apricots, tamarind, and bananas. The primary organic source of the product is grapes. The acid is present in the leaves and grapes as the potassium salt. Although the product has applications across many industries, food, drink, and medicines are some of its most well-known end-use sectors.
ChemView Consulting has analyzed the market for tartaric acid is primarily driven by its wide range of applications, especially in the food and beverage sector. It serves as an acidulant, an anti-microbial, and an anti-caking agent in the food sector. It also functions as a crucial food additive and is frequently coupled with baking soda to improve the quality and stability of recipes by acting as a leavening agent. Increasing food & beverage production in regions such as the Middle East, Asia Pacific, and Latin America has risen dramatically tartaric acid demand.
The pharmaceutical sector uses tartaric acid and its derivatives as an excipient for medicines that have poor solubility at higher pH values. Tartaric acid is used in a variety of industrial processes, including the production of ceramics, textile printing, tanning, and photography.
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Segments Covered in Report
By Source:
- Grapes & sun-dried raisins
- Maleic anhydride
- Others, including apricots, tamarind, bananas, and apples
By Application:
- Food & beverages
- Pharmaceuticals
- Cosmetics & personal care products
- Others, including industrial use and animal feed
By Type:
- Naturals
- Synthetic
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Tartaric Acid Market
- Based on the source, the Maleic Anhydride segment accounts for 55.1% of the global tartaric acid market. The huge demand for synthesized tartaric acid is to blame for this. The main ingredient used to make synthetic tartaric acid is maleic anhydride. Synthetic tartaric acid is highly sought after by end-use industries like food, beverage, and medicines due to its affordability and accessibility.
- Based on the application, the flat product segment will dominate at a significant CAGR during 2022-2032. This segment accounted for 40.2% of revenue share in 2021. Consumers are increasingly choosing natural ingredients over artificial ones in food and beverage goods, which drives the need for naturally extracted tartaric acid.
- The European region, which has a revenue share of nearly 0%, dominates the market. This is explained by numerous vineyards and the substantial wine consumption in the area. Regarding production and consumption, Europe leads the globe in tartaric acid.
Competition Summary
Key companies covered in the market study are Distillerie Mazzari S.p.A., Comercial Química Sarasa S.L, Alvinesa, Tártaros Gonzalo Castello, SL, Industria Chimica Valenzana S.P.A., Thirumalai Chemicals Ltd., Distillerie Bonollo, Legre-Mante S.A., THE CHEMICAL COMPANY, Henriette’s Herbal.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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