Market Forecast By Regions (Europe, North America, Latin America, Middle East, Africa and Asia Pacific), By Source (Grapes & Sun-Dried Raisins, Maleic Anhydride, Others), By Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care Products, Others), By Type (Naturals, Synthetic) And Competitive Landscape
Product Code: ETC115046 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Tartaric Acid Market is expected to register proliferation in the coming future. Tartaric acid is an odorless white powder, extracted from fruits such as grapes, bananas, tamarinds, and citrus fruits. It is mainly used in wine, food and beverages, pharmaceuticals, building and construction, cosmetics, and fine chemicals. It is an important ingredient in bakery items acting as a leavening agent when mixed with baking powder. It also improves fruit flavors and color. Tartaric acid extracts act as buffers in the winemaking cycle to control antioxidant E334, acidity, and preservatives. In other foods, they act as natural flavor enhancers and food emulsifiers. The rapid rise in the consumption of wine across countries such as France, Spain, Italy, the US, and China, has accelerated the growth of the Tartaric Acid Market globally. Due to the global increase in medicine demand, the pharmaceutical industry is one of the main buyers of tartaric acid. Furthermore, the increasing demand for cosmetics and personal care products has driven the growth of the market. Also, the growing demand for food and beverages represents one of the key drivers for the Global Tartaric Acid Market. However, the increasing government regulation related to the use of synthetic tartaric acid in the food and pharmaceutical industry is likely to constraint the growth of the tartaric acid market since the excessive usage leads to side effects like vomiting, diarrhea, abdominal pain, increased thirst, and gastrointestinal inflammation. Furthermore, the Covid-19 pandemic has affected the demand for tartaric acid in the cosmetic industry and construction industry due to disruption in the supply chain and work stoppages, and labour shortages. Despite all this, the demand for food and beverage remained the same. High sales of food and beverages were observed which made the manufacturers shift from offline methods to online methods. Thus, the market is likely to grow irrespective of the pandemic situation. Furthermore, a project, called “Food4Neuron was initiated by the Biomedical Research Centre of La Rioja with a few top leading companies like Alvinesa Corporate, which interestingly would create an evolution to the world of alcohol. The project is based on the creation of an alcohol-free wine through improvements in different anti-oxidants which functions as a protector of neurons.
According to 6Wresearch, the Global Tartaric Acid Market size is anticipated to register growth during 2021-2027. The Asia Pacific region accounts for the highest revenue share in the overall global tartaric acid market. EMEA (Europe, Middle-East, and Africa) is one of the largest consumers of tartaric acid through increased wine consumption. At the regional level, the increasing wine production in China is expected to drive market growth. The reason for high revenue other than wine production is that the Asia-pacific region, particularly China and India, accounts for more than 30% of the global beauty and personal care marketplace. The production has reached high levels, thus becoming a major place for exporting cosmetics and personal care products to developed nations such as the United States, Canada, and Austria. Also, improvements in living standards and growing consumer awareness for nutrient-food will significantly drive the market growth in this region in the future. Furthermore, the growth in the food and beverage industry in China, India, and Indonesia would drive the regional market and the increasing awareness of health benefits offered by the anti-oxidants would create a demand for tartaric acid in the future. Europe holds the second largest market share owing to the various food and beverages with improved flavors. North America accounts for the growing demand for tartaric acid from the pharmaceutical industry. Some of the key companies operating in the global tartaric market are BRENNTAG AG, Derivados Vinicos SA, Distillerie Bonollo Spa, Mazzari Spa, Giovanni Randi Spa, Gruppo Caviro, Ningbo Jinzhan Biotechnology Co. Ltd., PAHI SL, Tarac Technologies Pty. Ltd., and Tartaros Gonzalo Castello SL.
The Tartaric Acid market is segmented based on type, applications, and regions. Based on the product type, it is classified into Natural Tartaric Acid and Synthetic Tartaric Acid. In terms of applications, it is classified into food and beverages, wine, pharmaceuticals, antacids, building and construction, and cosmetics. Whereas, based on regions, it is classified into North America, Europe, Asia Pacific, and the rest of the world. The market demand for synthetic tartaric acid is high due to its lower cost than natural tartaric acid. China dominates in the production of synthetic tartaric acid. Based on the type, natural tartaric acid accounts for the largest demand due to the increasing demand for food products with natural additives. The pharmaceutical industry is the key driver for the growing demand in the tartaric acid market. It is widely used as an antioxidant, acidifier, stabilizer, flavor enhancer, and sequestering agent.
The Global Tartaric Acid Market report thoroughly covers the market by tartaric acid type, applications, and regions including Asia Pacific, Europe, North America, Latin America and the Middle East, and Africa. The Global Tartaric Acid market outlook report provides an unbiased and detailed analysis of the ongoing Global Tartaric Acid market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Tartaric acid Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Tartaric acid Market Revenues & Volume, 2020 & 2027F |
3.3 Global Tartaric acid Market - Industry Life Cycle |
3.4 Global Tartaric acid Market - Porter's Five Forces |
3.5 Global Tartaric acid Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Global Tartaric acid Market Revenues & Volume Share, By Source, 2020 & 2027F |
3.7 Global Tartaric acid Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.8 Global Tartaric acid Market Revenues & Volume Share, By Type, 2020 & 2027F |
4 Global Tartaric acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Tartaric acid Market Trends |
6 Global Tartaric acid Market, 2017 - 2027 |
6.1 Global Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
6.2 Global Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
6.3 Global Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
7 Asia Pacific Tartaric acid Market, 2017 - 2027 |
7.1 Asia Pacific Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
7.2 Asia Pacific Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
7.3 Asia Pacific Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
8 North America Tartaric acid Market, 2017 - 2027 |
8.1 North America Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
8.2 North America Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
8.3 North America Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
9 Latin America Tartaric acid Market, 2017 - 2027 |
9.1 Latin America Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
9.2 Latin America Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
9.3 Latin America Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
10 Europe Tartaric acid Market, 2017 - 2027 |
10.1 Europe Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
10.2 Europe Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
10.3 Europe Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
11 Africa Tartaric acid Market, 2017 - 2027 |
11.1 Africa Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
11.2 Africa Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
11.3 Africa Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
12 Middle East Tartaric acid Market, 2017 - 2027 |
12.1 Middle East Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
12.2 Middle East Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
12.3 Middle East Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
13 Global Tartaric acid Market, 2017 - 2027 |
13.1 Global Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
13.2 Global Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
13.3 Global Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
14 Global Tartaric acid Market Key Performance Indicators |
15 Global Tartaric acid Market - Opportunity Assessment |
15.1 Global Tartaric acid Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Global Tartaric acid Market Opportunity Assessment, By Source, 2020 & 2027F |
15.3 Global Tartaric acid Market Opportunity Assessment, By Application, 2020 & 2027F |
15.4 Global Tartaric acid Market Opportunity Assessment, By Type, 2020 & 2027F |
16 Global Tartaric acid Market - Competitive Landscape |
16.1 Global Tartaric acid Market Revenue Share, By Companies, 2020 |
16.2 Global Tartaric acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |