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<strong>Tartaric</strong> <strong>Acid</strong> <strong>Market</strong>: Emerging Key Players, Investment Feasibility<br />
and Future Projection 2024<br />
<strong>Tartaric</strong> <strong>Acid</strong> Industry Background<br />
The demand for tartaric acid from the countries of the Asia Pacific and the Middle East are<br />
accelerating the product exports from North America and Europe. In Latin America, most of the<br />
product demand is from the countries such as Argentina, Mexico, and Chile. Moreover, the<br />
growing construction industry in the Middle East region will further drive the tartaric acid<br />
market growth till the end of the forecast period. The government regulations regarding the<br />
use of synthetic tartaric acid are expected to tighten over the coming years, which might act as<br />
a significant restraint to the tartaric acid market growth globally.<br />
<strong>Tartaric</strong> <strong>Acid</strong> Industry Overview<br />
<strong>Tartaric</strong> <strong>Acid</strong> <strong>Market</strong> will exceed USD 600 million; according to a new research report by Global<br />
<strong>Market</strong> Insights, Inc. <strong>Tartaric</strong> acid, also known as 2, 3-dihydroxybutanedioic acid, is a white<br />
crystalline organic acid. It is produced from both synthetic, and natural raw materials. <strong>Tartaric</strong><br />
acid finds major applications in wine, food & beverage sectors for providing a distinct taste to<br />
human-consumables. Sun dried raisins &Grapes, are some of the naturally-available rich tartaric<br />
acid sources. Artificially, it could be produced through maleic anhydride. The natural tartaric<br />
acid has applications, primarily in food & beverage, wine, pharmaceuticals, wine, and others,<br />
while synthetic tartaric acid applications are only limited to cosmetics, personal care goods,<br />
construction chemicals, and some others.<br />
Increasing wine demand across the globe is will drive the global tartaric acid market during the<br />
forecast period. The tartaric acid addition to wine gives a significant taste, which the consumers
highly prefer. The tartaric acid demand for food & beverage, construction, FMCG, and<br />
pharmaceutical, end-use applications is predicted to rise at a noteworthy growth rate and<br />
would drive the market additionally over the projected period. The global consumption of wine<br />
was 24 billion liters by the end of 2015 and anticipated to increase over a CAGR of more than<br />
3% till 2018. The increasing wine consumption is significantly favoring the growth of the tartaric<br />
acid demand, which in turn drives the global market.<br />
U.S. <strong>Tartaric</strong> <strong>Acid</strong> <strong>Market</strong> Size, by Type, 2013 – 2024 (USD Million)<br />
Browse key industry insights spread across 170 pages with 192 market data tables & 26<br />
figures & charts from the report, “<strong>Tartaric</strong> <strong>Acid</strong> <strong>Market</strong> in detail along with the table of<br />
contents:<br />
https://www.gminsights.com/industry-analysis/tartaric-acid-market<br />
<strong>Tartaric</strong> <strong>Acid</strong> Industry By Type<br />
Fluctuations in the availability of natural tartaric acid is leading to high variations in their prices,<br />
which is a significant restraint to the natural tartaric acid market growth. Moreover, the market<br />
growth is additionally restricted by the growing demand for citric acid, which acts as a<br />
substitute to tartaric acid for acidulate applications. Also, there are stringent restrictions<br />
regarding the synthetic tartaric acid use in food & beverage, wine, and pharmaceutical<br />
applications, and this might further restrain the synthetic tartaric acid market growth globally<br />
over the estimated period.
The natural tartaric acid segment is projected to be the fastest-growing during the projected<br />
period, due to its wide range of applications such as food & beverages, wine, pharmaceutical,<br />
which further results in an exponential rise in both product consumption and manufacturing.<br />
<strong>Tartaric</strong> <strong>Acid</strong> Industry By Application<br />
The wine application segment dominated the overall market in 2016. It is also anticipated to<br />
increase over a highest CAGR during the anticipated period, followed by FMCG application<br />
segment. The tartaric acid for producing wine is expected to increase at 4% CAGR, due to the<br />
increasing wine consumption across both developed and developing economies. Rising demand<br />
from food & beverage applications is predicted to rise over a reasonable CAGR, due to the<br />
growing demand for processed food products, and nutritional beverages in the developing<br />
economies of both Asia Pacific, and Europe, such as China, Japan, Australia, and France, Spain,<br />
and Italy respectively.<br />
<strong>Tartaric</strong> <strong>Acid</strong> Industry By Region<br />
The Europe tartaric acid market constituted a significant market share by the end of 2016 and<br />
would grow at a similar pattern till 2024. Increasing wine production operations in countries<br />
like France, Italy, and Spain will majorly boost the Europe regional market in the projected<br />
timeframe. Asia Pacific market is the second-largest market, which is primarily driven by Japan,<br />
India, and China. Growing product consumption in manufacturing FMCG products, coupled with<br />
the growing product consumption in construction chemicals is anticipated to boost the regional<br />
market of Asia Pacific till 2024.<br />
Competitive <strong>Tartaric</strong> <strong>Acid</strong> Industry Share<br />
Prominent players in the tartaric acid industry are Distillerie Mazzari, Caviro, Changmao<br />
Biochemical Engineering, Tarac Technologies, ALVINESA ALCOHOLERA VINICOLA S.A., Omkar<br />
Speciality Chemicals Ltd, PAHI, S.L., Merck KGaA, Tártaros Gonzalo Castelló, Derivados Vinicos,<br />
Vinicas, and Distillerie Mazzari among some others.
<strong>Tartaric</strong> <strong>Acid</strong> Industry Background
Chapter 4. <strong>Tartaric</strong> <strong>Acid</strong> <strong>Market</strong>, Type By Application<br />
4.1. Global tartaric acid market share by type, 2016 & 2024<br />
4.2. Natural<br />
4.2.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
4.2.2. <strong>Market</strong> estimates and forecast, by application, 2013 – 2024<br />
· Wine<br />
· Food & Beverage<br />
· FMCG<br />
· Pharmaceutical<br />
· Others<br />
4.2.3. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
4.3. Synthetic<br />
4.3.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
4.3.2. <strong>Market</strong> estimates and forecast, by application, 2013 – 2024<br />
· Wine<br />
· Food & Beverage<br />
· FMCG<br />
· Pharmaceutical<br />
· Others<br />
4.3.3. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
Chapter 5. <strong>Tartaric</strong> <strong>Acid</strong> <strong>Market</strong>, By Application<br />
5.1. Global tartaric acid market share by application, 2016 & 2024
5.2. Wine<br />
5.2.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
5.2.2. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
5.3. Food & Beverage<br />
5.3.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
5.3.2. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
5.4. FMCG<br />
5.4.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
5.4.2. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
5.5. Pharmaceutical<br />
5.5.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
5.5.2. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
5.6. Others<br />
5.6.1. <strong>Market</strong> estimates and forecast, 2013 - 2024<br />
5.6.2. <strong>Market</strong> estimates and forecast, by region, 2013 – 2024<br />
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