Tartaric Acid Market Report 2019-2024 | Key Players: Caviro, Industrias Vinicas and Legre Mante

Global Tartaric Acid Market Research Report and Forecast 2024

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Global Tartaric Acid Market Overview: According to the latest report by IMARC Group, titled “Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global tartaric acid market reached a value of nearly US$ 303 Million in 2018, growing at a CAGR of around 6% during 2011-2018. Tartaric acid is a naturally occurring white carboxylic acid which is present in different types of plants such as bananas, apricots, apples, grapes and tamarinds. Apart from this, it can also be synthetically manufactured from maleic anhydride. Tartaric acid first came into recognition in the late 1760s, when it was isolated by Carl Wilhelm Scheele who boiled tartar with chalk and then decomposed it with sulfuric acid. With time, it also played a vital role in the discovery of chemical chirality which later helped in the production of a pure sample of levotartaric acid. At present, tartaric acid along with its salts are also used as preservative, flavour enhancer, acidulant, stabiliser, chelating agent and emulsifier.

One of the major factors which is driving the growth of the tartaric acid market is the rising awareness among consumers regarding the health benefits offered by tartaric acid such as increasing production of collagen, enhancement of energy generation in the body as well as boosting of metabolism. These are some of the other forces which are contributing towards the overall market growth.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

In Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

This remains a primary obstacle which is hindering the growth of the global tartaric acid market.

Looking forward, the market value is projected to reach a value of more than US$ 395 Million by 2024.

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In addition to this, tartaric acid acts as a primary raw material in the process of winemaking which has consequently propelled the overall demand for tartaric acid across the globe. Other than this, tartaric acid is also used in the in the processing of gypsum as an anti-caking agent as well as in the production of cement in the form of a set-retardant and anti-solidifying agent. However, the feedstock for natural tartaric acid is available seasonally and the consumers are reluctant to use synthetic tartaric acid in pharmaceuticals, and wine.

For more information, click here: https://www.imarcgroup.com/tartaric-acid-technical-material-market-report-2 Key Market Segmentation: Market Segmentation by End-Use • •

Food and Beverages Non-Food Applications

On the basis of end-use, the global tartaric acid market has been segmented into food and beverage, and non-food applications.

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Amongst these, food and beverage applications account for the majority of the market share owing to the usage of tartaric acid for enhancing the flavour of carbonated beverages and in bakery in the form of a preservative and emulsifier.

Market Segmentation by Region • • • • •

Europe North America Asia Pacific Middle East and Africa Latin America

On a geographical front, Europe represents the largest market for tartaric acid. This is due to a rapid rise in the wine production across various European countries such as France, Italy, Germany and Spain.

Europe is followed by the United States, Middle East/Africa, China, and Central/South America.

Competitive Landscape:

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The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Caviro Changmao Biochemical Engineering Company Ltd Hangzhou Bioking Chemical Engineering Company Ltd Industrias Vinicas Legre Mante

Browse Related Report Acetic Acid Market: https://www.imarcgroup.com/acetic-acid-technical-material-market-report Citric Acid Market Report: https://www.imarcgroup.com/citric-acid-manufacturing-plant

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