Market Forecast 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: ETC085427 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indonesia Tartaric acid Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 3.82% in 2025 and reaches 5.37% by 2029.
Indonesia's Tartaric acid market is anticipated to experience a stable growth rate of 4.60% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Report Name | Indonesia Tartaric acid Market |
Forecast period | 2025-2031 |
CAGR | 7.7% |
Growing Sector | Food and beverage and cosmetic Sector |
Indonesia Tartaric acid Market report thoroughly covers the market by source, application and type. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Indonesia Tartaric acid Market is anticipated to grow in the forecast period as Tartaric acid, a carboxylic acid found in grapes, is increasingly used in various industries, such as pharmaceuticals, food, and beverages. It is used in wine production to lower the pH levels and adds sourness to the wine. Additionally, it is used in the pharmaceutical industry to alter the taste and stabilize the drug products. The Indonesia tartaric acid market offers vast opportunities for growth, despite the prevailing challenges. The market's forecasted growth, key players' operations, government initiatives, and future insights provide a significant scope of investment opportunities in this market. Indonesia, with its unlocking potential in several other sectors, will contribute to the tartaric acid market's growth in the coming years.
According to 6Wresearch, the Indonesia Tartaric acid Market size is projected to grow at the CAGR of 7.7% during the forecast period of 2025-2031. Tartaric Acid is a useful ingredient that is finding extensive use across several industries. One of the major drivers of the Indonesia tartaric acid market is its increasing usage in cosmetics and personal care products. It is used in the formulation of shampoos, conditioners, and other hair care products because of its antistatic properties that help to reduce the buildup of static electricity and maintain hair texture. Additionally, its ability to control the pH levels helps to regulate the alkaline nature of some beauty products, making it a versatile ingredient for cosmetics manufacturers. The increasing demand for cosmetics products and the application of tartaric acid in manufacturing should propel the Indonesia tartaric acid Industry.
The Indonesia tartaric acid market faces some challenges that could obstruct its growth. One of the significant challenges is the high cost of tartaric acid production. The raw material required for tartaric acid production is grapes, and the extensive cultivation of these grapes can be expensive. Additionally, the fruit's availability depends on various factors, including the climate and political stability of the region. Moreover, the lack of standard regulatory laws in Indonesia could hinder the Indonesia tartaric acid market, leading to an increase in prices.
The Indonesian government is taking active measures to promote the country's agriculture and its non-oil exports, which involve the production of tartaric acid. Additionally, the Indonesian government has introduced economic policies aimed at creating a conducive business environment, coupled with various incentives for local and foreign investors, thus promoting the growth of the Indonesia tartaric acid market. The government has taken several initiatives to boost the food and beverage industry in the country, which, in turn, is driving the Indonesia Tartaric acid Market Growth. The ‘Make in Indonesia’ initiative aims to increase domestic production and reduce imports while the ‘Indonesia's Food and Beverage Industry 4.0’ initiative focuses on adopting digital technologies to enhance the productivity and competitiveness of the food and beverage industry.
Some of the key players in the Tartaric Acid market in Indonesia include Caviro, Uquifa, Merck KGaA, Carbone Scientific Co. Ltd, and NiranBioChemical. These companies are focusing on product development and mergers and acquisitions to expand their production capacity and gain a significant share of the market. Additionally, steep competition among companies has led to price wars, creating a highly fragmented market.
The Indonesia tartaric acid market is expected to record remarkable growth in the coming years, driven by the increasing demand for cosmetics and personal care products. Furthermore, the rise of the Indonesian pharmaceutical industry will significantly impact the growth of the tartaric acid market. The world economy's liberalization, coupled with an increase in foreign trade and investment, will also contribute to the growth of the Indonesia tartaric acid market.
The tartaric acid market in Indonesia can be classified by its source, split into grapes, sun-dried raisins, maleic anhydride, and others. The market share of the grape segment is expected to increase, owing to the increasing grape cultivation in the country.
The Indonesian tartaric acid market can also be segmented based on its application, which includes food and beverages, pharmaceuticals, cosmetics and personal care products, and others. The food and beverages segment are expected to dominate the market owing to the rising demand for organic food and beverage products in the country
According to Ravi Bhandari, Research Head, 6Wresearch, the tartaric acid market in Indonesia can also be segmented based on its type, which includes naturals and synthetic. The natural segment is expected to hold a larger share of the market compared to the synthetic segment. The rising demand for organic products in the food and beverage, cosmetic, and pharmaceutical industries are the primary factors driving the growth of the natural segment in this market
The report offers a comprehensive study of the subsequent 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 Indonesia Tartaric acid Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Tartaric acid Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Tartaric acid Market - Industry Life Cycle |
3.4 Indonesia Tartaric acid Market - Porter's Five Forces |
3.5 Indonesia Tartaric acid Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Indonesia Tartaric acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Indonesia Tartaric acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Indonesia Tartaric acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Tartaric acid Market Trends |
6 Indonesia Tartaric acid Market, By Types |
6.1 Indonesia Tartaric acid Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Tartaric acid Market Revenues & Volume, By Source, 2021 - 2031F |
6.1.3 Indonesia Tartaric acid Market Revenues & Volume, By Grapes & sun-dried raisins, 2021 - 2031F |
6.1.4 Indonesia Tartaric acid Market Revenues & Volume, By Maleic anhydride, 2021 - 2031F |
6.1.5 Indonesia Tartaric acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Indonesia Tartaric acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Tartaric acid Market Revenues & Volume, By Food & beverages, 2021 - 2031F |
6.2.3 Indonesia Tartaric acid Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.2.4 Indonesia Tartaric acid Market Revenues & Volume, By Cosmetics & personal care products, 2021 - 2031F |
6.2.5 Indonesia Tartaric acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Indonesia Tartaric acid Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Tartaric acid Market Revenues & Volume, By Naturals, 2021 - 2031F |
6.3.3 Indonesia Tartaric acid Market Revenues & Volume, By Synthetic, 2021 - 2031F |
7 Indonesia Tartaric acid Market Import-Export Trade Statistics |
7.1 Indonesia Tartaric acid Market Export to Major Countries |
7.2 Indonesia Tartaric acid Market Imports from Major Countries |
8 Indonesia Tartaric acid Market Key Performance Indicators |
9 Indonesia Tartaric acid Market - Opportunity Assessment |
9.1 Indonesia Tartaric acid Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Indonesia Tartaric acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Indonesia Tartaric acid Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Indonesia Tartaric acid Market - Competitive Landscape |
10.1 Indonesia Tartaric acid Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Tartaric acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |