Global Tartaric Acid Market, 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) – Industry Trends and Forecast to 2030.
Tartaric Acid Market Analysis and Size
The expansion of the global tartaric acid market can be mainly to the burgeoning demand for tartaric acid because it finds an extensive range of applications in the manufacturing processes of wine, beverages, food, and other end-user industry products. Furthermore, the demand for tartaric acid has grown in the food industry over recent years because of its extensive usage due to its natural properties. The growing craze for having natural additive-based drinks and food is pushing the requirement for naturally pulled tartaric acid during the forecast period.
Data Bridge Market Research analyses that the tartaric acid market is expected to reach USD 451.78 million by 2030, which was USD 285.6 million in 2022, registering a CAGR of 5.90% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Tartaric Acid Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Naturals and Synthetic), Source (Grapes and Sun-Dried Raisins, Maleic Anhydride, Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care Products, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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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), Tártaros Gonzalo Castelló (Spain), Alvinesa Natural Ingredients S.A.U. (Spain), AUSTRALIAN TARTARIC PRODUCTS (Australia), Industria Chimica Valenzana I.C.V. SpA (Italy)
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Market Opportunities
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Market Definition
Tartaric acid is an organic acid that appears to be crystalline and white. Tartaric acid possesses a strong taste, and it is odorless. Tartaric acid can be found in tamarinds, grapes, and bananas. Tartaric acid is also the source of "wine diamonds." It has extensive applications ranging from a preservative and a pH control agent to an acidulate, stabilizer, chelating, and firming agent.
Global Tartaric Acid Market Dynamics
Drivers
- Increasing usage of tartaric acid in wine globally
The increase in the consumption of wine worldwide has positively impacted the demand for tartaric acid. It is expected to increase the market's growth rate during the forecast period. Tartaric acid is one of the most common acids found in wines all over the globe. It imparts a strong tart taste, increasing fruit flavors, mainly lime, and grape. Although the natural form of the tartaric acid product is also used in wine, synthetic tartaric acid is now used more because of its availability at lower prices. Thus, the growing usage of tartaric acid in wine globally is likely to propel the market growth
- Growing application of tartaric acid in the food industry
The rising application of tartaric acid in the food industry will likely boost market growth during the forecast period. Tartaric acid is extensively used in food products all over the globe. It makes sauces, jams, cakes, jellies, bread, and other food products. It is widely used in the food industry for its sour taste in savory products. During the forecast period, the food sector will likely witness high growth in the tartaric acid market.
Opportunities
- Increasing awareness regarding the health benefits of tartaric acid among consumers
The increasing awareness regarding the health benefits of tartaric acids among consumers, such as increasing production of collagen, boosting metabolism, improving energy generation in the body, and excellent digestive aid, contributes to the market's growth. Moreover, tartaric acid has antioxidant and anti-inflammatory properties, which help to promote overall wellness and help increase the individuals' immunity system. Hence, increasing awareness regarding the health benefits of tartaric acid among consumers will likely create immense growth opportunities for the market.
- Multiple benefits associated with tartaric acid
Tartaric acid has many advantageous effects on human health, so the demand for this product increases and creates lucrative opportunities for manufacturers within the market. For instance, tartaric acid aids in controlling the wine aging process without hurting color intensity or losing aroma properties. Furthermore, it has been shown that tartaric acid can lessen the risk of cardiac hypertrophy by impelling ion transport through the cellular membrane resulting in cardioprotective effects. Hence, multiple benefits of tartaric acid increase the demand for tartaric acid and boost market growth.
Restraints/ Challenges
- Side effects associated with excessive consumption of tartaric acid
The excessive consumption of tartaric acid-containing food is likely to restrict the usage of tartaric acid in the market. High consumption of tartaric acid has various side effects, such as abdominal pain, vomiting, diarrhea, increased appetite, and inflammation of the gastrointestinal system. This may hamper the market growth.
- Stringent rules associated with tartaric acid
The stringent government regulations against the usage of synthetic tartaric acid could hamper the growth of the global tartaric acid market. Synthetic tartaric acid has several side effects that may limit the demand for tartaric acid in the market during the forecast period.
This tartaric acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tartaric acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Tartaric Acid Market Scope
The tartaric acid market is segmented on the basis of type, source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Naturals
- Synthetic
Source
- Grapes and Sun-Dried Raisins
- Maleic Anhydride
- Others
Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care Products
- Others
Tartaric Acid Market Regional Analysis/Insights
The tartaric acid market is analyzed and market size insights and trends are provided by country, type, source, and application, as referenced above.
The countries covered in the tartaric acid market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the tartaric acid market because of increasing wine production in this region. Furthermore, growing per capita consumption will further boost the region's tartaric acid market growth.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 because of the large presence of small-scale domestic manufacturers. Moreover, the increasing consumption of wine and the growing application of tartaric acid in the food and beverages industry will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tartaric Acid Market Share Analysis
The tartaric acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the tartaric acid market.
Some of the major players operating in the tartaric acid market are:
- 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)
- Tártaros Gonzalo Castelló (Spain)
- Alvinesa Natural Ingredients S.A.U. (Spain)
- AUSTRALIAN TARTARIC PRODUCTS (Australia)
- Industria Chimica Valenzana I.C.V. SpA (Italy)
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