Tartaric Acid Market Size Newest Industry Data, Future Trends And Forecast 2027

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Tartaric Acid Market Size is expected to garner a revenue of USD 319.5 million in 2027 and is expected to register a CAGR of 5.4% during the forecast period of 2019–2027

Tartaric acid is used in a wide range of applications owing to its anti-oxidation and preservative properties. The rising growth of the pharmaceutical, cosmetic, and healthcare industries across the globe is substantially affecting the growth of the Tartaric Acid Market Size.

The global Tartaric Acid Market Size has been driven by a range of application such as food and beverages, pharmaceuticals, cosmetics, and personal care. Moreover, it is estimated that the food and beverage application sector is set to witness the highest growth due to the growing application of tartaric acid in wine and processed food industry.

What is Tartaric Acid –

Tartaric acid is a white, crystalline organic acid that occurs naturally in many fruits, most notably in grapes, but also in bananas, tamarinds, and citrus. Its salt, potassium bitartrate, commonly known as cream of tartar, develops naturally in the process of fermentation. It is commonly mixed with sodium bicarbonate and is sold as baking powder used as a leavening agent in food preparation. 
Market Segmentation

The global Tartaric Acid Market Size is segmented into type, source, and application. On the basis of the type, the market is segregated into natural and synthetic. The market by the source is bifurcated into grapes sun-dried raisins, and maleic anhydride. The market for the application is further bifurcated into food and beverage, pharmaceuticals, cosmetic and personal care, and others.

Market Scenario

The food and beverage segment are anticipated to observe a higher CAGR during the forecast period. The growing demand for processed food across the globe is substantially contributing to the growth of the market. Moreover, the increasing demand for the wine manufactures is a major factor driving the growth of the segment. Furthermore, the growing health consciousness among consumers has increased the demand for tartaric acid in food and beverages owing to its excellent anti-oxidation properties.

The global Tartaric Acid Market Size is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as food and beverage, personal care, home care, and construct among others, which, in turn, is anticipated to fuel the demand for tartaric acid in the region. Moreover, the growing demand for processed food mainly in Japan, India, and China owing to the growing working population and changing lifestyle is also expected to contribute majorly to the market.

The European region is estimated to witness a significant growth in the countries owing to burgeoning personal care, the pharmaceutical industry, and wine industry. The increasing consumption and production of wine in the Polar Regions positively driving to the growth of the market. The North American Tartaric Acid Market Size is mainly driven by the U.S. and Canada. The presence of the developed end-user industries coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing use of processed food and beverage among others is fuelling the growth of the Tartaric Acid Market Size in this region. Furthermore, the growing consumption of wine, especially, in the U.S and Canada is further adding fuel to the market growth.

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Competitive Analysis

Some of the prominent players operating in the global Tartaric Acid Market Size are Caviro Distillerie SRL(Italy), The Chemical Company (U.S.), Distillerie Bonollo S.p.A (Italy), Tartaros Gonzalo Castello SL (Spain), Tarac Technologies (Australia), Richman Chemical Inc (U.S.)., U.S. Chemicals LLC (U.S.), American Tartaric Products (U.S.), and The Tartaric Chemical Corp (U.S.).

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