Global Tartaric Acid Market Size, Trends and Growth Opportunity, By Type (Naturals and Synthetic), Source (Grapes and Sun-Dried Raisins, Maleic Anhydride, Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care Products, Others), By Region and Forecast Till 2030.
Report ID : IR1002426 | Industries : Chemicals & Materials | Published On :June 2024 | Page Count : 241
Global Tartaric Acid Market Size, Trends and Growth Opportunity, By Type (Naturals and Synthetic), Source (Grapes and Sun-Dried Raisins, Maleic Anhydride, Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care Products, Others), By Region and Forecast Till 2030.
Global Tartaric Acid Market
The Tartaric Acid Market was valued at US$ 282.6 million in 2022 and it is expected to reach at US$ 450.78 million in 2030 at a CAGR of 6.9% during forecast period 2023-2030.
Organic acid tartaric acid seems to be crystalline and white. Tartaric acid is odorless and has a strong flavor. Tamarinds, grapes, and bananas are all sources of tartaric acid. Wine diamonds are also made from tartaric acid. It can be used as a preservative, a pH regulator, an acidulator, a stabilizer, a chelating agent, and a firming agent, among many other things.
Market Drivers
The demand for tartaric acid has increased as wine consumption has increased globally. During the forecast period, it is anticipated that the market's growth rate would accelerate. One of the most prevalent acids found in wines all over the world is tartaric acid. It produces a powerful tart flavor that intensifies fruit flavors, especially lime and grape. Although tartaric acid in its natural form is also used in wine, synthetic tartaric acid is currently more frequently employed since it is more readily available and costs less. Tartaric acid is increasingly being used in wine around the world, which is projected to spur market expansion.
Market Restraints
The market's ability to use tartaric acid is expected to be constrained by the excessive consumption of foods containing it. High tartaric acid intake has a number of negative side effects, including gastrointestinal inflammation, nausea, diarrhea, and abdominal pain. This can impede market expansion.
Market Segmentation
The tartaric acid market is divided into segments based on the basis of type, source, and application. By product type the market is segmented into naturals and synthetic. By source the market is segmented into grapes and sun-dried raisins, maleic anhydride, others. By application the market is segmented into food and beverages, pharmaceuticals, cosmetics and personal care products, others.
Regional Analysis
The tartaric acid market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Due to rising wine production in this region, Europe currently controls the tartaric acid industry. The region's tartaric acid market will also rise as a result of rising per capita consumption.
Key Players
Various key players are listed in this report such as Anhui Hailan Bio-technology Co., ltd. (China), Merck KGaA (Germany), Changmao Biochemical Engineering Company Limited (China), Omkar Specialty Chemicals Ltd (India), CaviroExtra S.p.a (Italy), ATPGroup (Indonesia), Tarac Technologies Pty Ltd (Australia), Distillerie Mazzari S.p.A. (Italy), Distillerie Bonollo S.p.A. (Italy), Vinicas (Brazil).
Market Taxonomy
Type
• Naturals
• Synthetic
By Material
• Grapes and Sun-Dried Raisins
• Maleic Anhydride
• Others
By Application
• Food and Beverages
• Pharmaceuticals
• Cosmetics and Personal Care Products
• Others
By Region
North America
• U.S
• Canada
• Mexico
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
Latin America
• Brazil
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
Global Tartaric Acid Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Tartaric Acid Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due To Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Tartaric Acid Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Tartaric Acid Market Share Analysis, By Type
5.3 Global Tartaric Acid Market Size and Forecast, By Type
5.3.1 Naturals
5.3.2 Synthetic
6 Global Tartaric Acid Market, By Material
6.1 Y-o-Y Growth Comparison, By Material
6.2 Global Tartaric Acid Market Share Analysis, By Material
6.3 Global Tartaric Acid Market Size and Forecast, By Material
6.3.1 Grapes and Sun-Dried Raisins
6.3.2 Maleic Anhydride
6.3.3 Others
7 Global Tartaric Acid Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Tartaric Acid Market Share Analysis, By Application
7.3 Global Tartaric Acid Market Share Analysis, By Application
7.3.1 Food and Beverages
7.3.2 Pharmaceuticals
7.3.3 Cosmetics and Personal Care Products
7.3.4 Others
8 Global Tartaric Acid Market, By Region
8.1 Global Tartaric Acid Market Share Analysis, By Region
8.2 Global Tartaric Acid Market Size and Forecast, By Region
9 North America Tartaric Acid Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Tartaric Acid Market Share Analysis, By Type
9.3 North America Tartaric Acid Market Size and Forecast, By Material
9.4 North America Tartaric Acid Market Size and Forecast, By Application
9.5 North America Tartaric Acid Market Size and Forecast, By Country
9.5.1 U.S
9.5.2 Canada
9.5.3 Mexico
10 Europe Tartaric Acid Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Tartaric Acid Market Share Analysis, By Type
10.3 Europe Tartaric Acid Market Size and Forecast, By Material
10.4 Europe Tartaric Acid Market Size and Forecast, By Application
10.5 Europe Tartaric Acid Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Tartaric Acid Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Tartaric Acid Market Size and Forecast, By Type
11.3 Europe Tartaric Acid Market Size and Forecast, By Material
11.4 Europe Tartaric Acid Market Size and Forecast, By Application
11.5 Europe Tartaric Acid Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Tartaric Acid Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Tartaric Acid Market Size and Forecast, By Type
12.3 Latin America Tartaric Acid Market Size and Forecast, By Material
12.4 Latin America Tartaric Acid Market Size and Forecast, By Application
12.5 Latin America Tartaric Acid Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2. Rest of Latin America
13 Middle East Tartaric Acid Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle Tartaric Acid Market Share Analysis, By Type
13.3 Middle Tartaric Acid Market Size and Forecast, By Material
13.4 Middle Tartaric Acid Market Size and Forecast, By Application
13.5 Middle Tartaric Acid Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Anhui Hailan Bio-technology Co., ltd. (China)
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Development
15.1.6 Key Strategies
15.2. Merck KGaA (Germany)
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Changmao Biochemical Engineering Company Limited (China)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Omkar Specialty Chemicals Ltd (India)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. CaviroExtra S.p.a (Italy)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. ATPGroup (Indonesia)
15.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Tarac Technologies Pty Ltd (Australia)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8. Distillerie Mazzari S.p.A. (Italy)
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. Distillerie Bonollo S.p.A. (Italy)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10. Vinicas (Brazil)
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies