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Tartaric Acid Market Report and Forecast 2024-2032

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    Report

  • 181 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921587
According to the report, the global tartaric acid market is projected to grow at a CAGR of 4.4% between 2024 and 2032. Aided by increasing production and consumption level of wines and growing demand for tartaric acid as a preservative in bakeries, the market is expected to grow significantly by 2032.

Tartaric acid, a naturally occurring organic acid found in plants like grapes, is a pivotal component in the winemaking process, imparting the characteristic tart taste to wines. Besides, it serves a myriad of purposes, including acting as a leavening agent in baking, a stabilising agent in cosmetics, and even as a primary ingredient in some pharmaceutical products. Its wide-ranging applications are primarily attributed to its ability to impart taste, act as a preservative, and stabilise products.

One of the key tartaric acid market trends include the burgeoning global wine industry. With wine becoming an increasingly popular beverage choice among the global population, the demand for tartaric acid, an essential ingredient in wine production, has experienced a rapid growth. Moreover, the increased consumption of packaged foods, which often use tartaric acid as a preservative or flavouring agent, further bolsters the market growth.

The cosmetics industry's rapid expansion also plays a pivotal role in the tartaric acid market growth. Recognising the acid's excellent stabilising properties, cosmetic manufacturers are incorporating it into various products. It ensures that the products retain their efficacy and texture over an extended period, making them more appealing to consumers.

Additionally, health consciousness among consumers is rising rapidly, with consumers increasingly leaning towards natural and organic products. This shift in consumer preference has resulted in heightened tartaric acid market demand. As a natural acid, tartaric acid fits perfectly into the 'clean label' trend that many food and beverage manufacturers are now pursuing, offering an organic alternative to synthetic acids.

Construction industry's consistent growth provides an unexpected boost to the market. Tartaric acid, when combined with cement, prevents premature setting, allowing for a more extended work period. This property makes it a sought-after component in the construction sector, especially in regions undergoing rapid infrastructural development.

An in-depth tartaric acid market analysis also uncovers its escalating use in the pharmaceutical sector. Being an acidulant, tartaric acid finds applications in syrups and effervescent tablets. It aids in maintaining the pH levels of these preparations, ensuring optimal drug delivery and absorption. As the pharmaceutical sector continues its exponential growth trajectory, the demand for reliable and high-quality tartaric acid is bound to rise.

Market Segmentation

The market can be divided based on end use and region.

Market Breakup by End Use

  • Food and Beverages
  • Non-Food Applications

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tartaric acid market. Some of the major players explored in the report are as follows:
  • Ningbo Jinzhan Biotechnology Co., Ltd.
  • Noah Technologies Corporation
  • Caviro Extra SpA
  • The Tartaric Chemicals Corporation
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tartaric Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Tartaric Acid Historical Market (2018-2023)
8.3 Global Tartaric Acid Market Forecast (2024-2032)
8.4 Global Tartaric Acid Market by End Use
8.4.1 Food and Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Non-Food Applications
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Tartaric Acid Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Market (2018-2023)
9.3.2 Market Forecast (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 291812)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Feedstock Market Analysis
15.1 Global Maleic Anhydride Market Analysis
15.1.1 Key Industry Highlights
15.1.2 Global Maleic Anhydride Historical Market (2018-2023)
15.1.3 Global Maleic Anhydride Market Forecast (2024-2032)
15.1.4 Global Maleic Anhydride Market by End Use
15.1.5 Global Maleic Anhydride Market by Region
15.1.5.1 North America
15.1.5.2 Europe
15.1.5.3 Asia Pacific
15.1.5.4 Latin America
15.1.5.5 Middle East and Africa
15.2 Global Hydrogen Peroxide Market Analysis
15.2.1 Key Industry Highlights
15.2.2 Global Hydrogen Peroxide Historical Market (2018-2023)
15.2.3 Global Hydrogen Peroxide Market Forecast (2024-2032)
15.2.4 Global Hydrogen Peroxide Market by End Use
15.2.5 Global Hydrogen Peroxide Market by Region
15.2.5.1 North America
15.2.5.2 Europe
15.2.5.3 Asia Pacific
15.2.5.4 Latin America
15.2.5.5 Middle East and Africa
15.3 Trade Data Analysis (HS Code - 291714, 2847)
15.3.1 Major Importing Countries
15.3.1.1 By Volume
15.3.1.2 By Value
15.3.2 Major Exporting Countries
15.3.2.1 By Volume
15.3.2.2 By Value
15.4 Price Analysis
15.4.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players' Market Share
16.3 Company Profiles
16.3.1 Ningbo Jinzhan Biotechnology Co.,Ltd.
16.3.1.1 Company Overview
16.3.1.2 Company Description
16.3.2 Noah Technologies Corporation
16.3.2.1 Company Overview
16.3.2.2 Company Description
16.3.3 Caviro Extra SpA
16.3.3.1 Company Overview
16.3.3.2 Company Description
16.3.4 The Tartaric Chemicals Corporation
16.3.4.1 Company Overview
16.3.4.2 Company Description
16.3.5 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Tartaric Acid Market: Key Industry Highlights, 2018 and 2032
2. Global Tartaric Acid Historical Market: Breakup by End Use (USD Million), 2018-2023
3. Global Tartaric Acid Market Forecast: Breakup by End Use (USD Million), 2024-2032
4. Global Tartaric Acid Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Tartaric Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Tartaric Acid Forecast: Breakup by Country (USD Million), 2024-2032
16. Major Importing Countries by Volume (2020)
17. Major Exporting Countries by Volume (2020)
18. Major Importing Countries by Value Million USD (2020)
19. Major Exporting Countries by Value Million USD (2020)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Maleic Anhydride Market: Key Industry Highlights, 2018 and 2032
26. Global Maleic Anhydride Historical Market: Breakup by End Use (USD Million), 2018-2023
27. Global Maleic Anhydride Market Forecast: Breakup by End Use (USD Million), 2024-2032
28. Global Maleic Anhydride Historical Market: Breakup by Region (USD Million), 2018-2023
29. Global Maleic Anhydride Market Forecast: Breakup by Region (USD Million), 2024-2032
30. Maleic Anhydride Major Importing Countries by Volume (2020)
31. Maleic Anhydride Major Exporting Countries by Volume (2020)
32. Maleic Anhydride Major Importing Countries by Value Million USD (2020)
33. Maleic Anhydride Major Exporting Countries by Value Million USD (2020)
34. Maleic Anhydride Historical Price Trends and Forecast 2018-2028
35. Global Hydrogen Peroxide Market: Key Industry Highlights, 2018 and 2032
36. Global Hydrogen Peroxide Historical Market: Breakup by End Use (USD Million), 2018-2023
37. Global Hydrogen Peroxide Market Forecast: Breakup by End Use (USD Million), 2024-2032
38. Global Hydrogen Peroxide Historical Market: Breakup by Region (USD Million), 2018-2023
39. Global Hydrogen Peroxide Market Forecast: Breakup by Region (USD Million), 2024-2032
40. Hydrogen Peroxide Major Importing Countries by Volume (2020)
41. Hydrogen Peroxide Major Exporting Countries by Volume (2020)
42. Hydrogen Peroxide Major Importing Countries by Value Million USD (2020)
43. Hydrogen Peroxide Major Exporting Countries by Value Million USD (2020)
44. Hydrogen Peroxide Historical Price Trends and Forecast 2018-2028
45. Global Tartaric Acid Market Structure

Companies Mentioned

  • Ningbo Jinzhan Biotechnology Co. Ltd.
  • Noah Technologies Corporation
  • Caviro Extra SpA
  • The Tartaric Chemicals Corporation

Methodology

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