Product Code: ETC085423 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Tartaric acid Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 10.81% in 2025, the market peaks at 12.59% in 2028, and settles at 12.53% by 2029.
The tartaric acid market in India is expected to grow at a CAGR of around 6.3% during the forecast period. The growth of this market can be attributed to the growing demand for processed food items, increasing demand for natural food ingredients and increasing health awareness among consumers. Moreover, the rising consumption of beverages and wines has also augmented the demand for tartaric acid in India. Furthermore, government initiatives such as the Make in India campaign are likely to create opportunities for domestic manufacturers which will further drive the growth of this market over the next few years.
Increasing Demand from Food & Beverage Industry: With rapid urbanization across India, there has been an increase in disposable income leading to changing consumer preferences towards processed foods. This has directly contributed to increased sales of packaged snacks and beverages that contain higher levels of sugar or artificial sweeteners requiring large amounts of tartaric acid for stabilization purposes. Furthermore, with rising obesity rates due to unhealthy diets have encouraged people consume more nutritious products containing healthy vitamins and minerals thus boosting its usage as preservatives by food processors.
High price fluctuations: Tartaric Acid is subject high price fluctuations owing its limited availability globally making it difficult particularly in countries like India with lower production capacities being unable meet local demands on time driving up prices considerably affecting profitability margins especially small scale players who lack sufficient capital resources adjust volatility. As result , many companies prefer shifting manufacturing units abroad whereby they can benefit from tax incentives better import ??? export policies while controlling costs associated supply chain management.
Some prominent players operating in India Tartaric Acid Market include Laffans Petrochemicals Ltd., Ecogreen Oleochemicals Pvt Ltd., Universal Starch Chem Allied Ltd., Shreeji Phytochem Pvt Ltd., Western Organics Pvt Ltd., Dhruv Biotech International Limited amongst others.
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 India Tartaric acid Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Tartaric acid Market Revenues & Volume, 2021 & 2031F |
3.3 India Tartaric acid Market - Industry Life Cycle |
3.4 India Tartaric acid Market - Porter's Five Forces |
3.5 India Tartaric acid Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 India Tartaric acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Tartaric acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Tartaric acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Tartaric acid Market Trends |
6 India Tartaric acid Market, By Types |
6.1 India Tartaric acid Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Tartaric acid Market Revenues & Volume, By Source, 2018 - 2031F |
6.1.3 India Tartaric acid Market Revenues & Volume, By Grapes & sun-dried raisins, 2018 - 2031F |
6.1.4 India Tartaric acid Market Revenues & Volume, By Maleic anhydride, 2018 - 2031F |
6.1.5 India Tartaric acid Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 India Tartaric acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Tartaric acid Market Revenues & Volume, By Food & beverages, 2018 - 2031F |
6.2.3 India Tartaric acid Market Revenues & Volume, By Pharmaceuticals, 2018 - 2031F |
6.2.4 India Tartaric acid Market Revenues & Volume, By Cosmetics & personal care products, 2018 - 2031F |
6.2.5 India Tartaric acid Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 India Tartaric acid Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 India Tartaric acid Market Revenues & Volume, By Naturals, 2018 - 2031F |
6.3.3 India Tartaric acid Market Revenues & Volume, By Synthetic, 2018 - 2031F |
7 India Tartaric acid Market Import-Export Trade Statistics |
7.1 India Tartaric acid Market Export to Major Countries |
7.2 India Tartaric acid Market Imports from Major Countries |
8 India Tartaric acid Market Key Performance Indicators |
9 India Tartaric acid Market - Opportunity Assessment |
9.1 India Tartaric acid Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 India Tartaric acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Tartaric acid Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Tartaric acid Market - Competitive Landscape |
10.1 India Tartaric acid Market Revenue Share, By Companies, 2024 |
10.2 India Tartaric acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |