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Tartaric Acid Market - Forecasts from 2025 to 2030

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    Report

  • 140 Pages
  • December 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 6040116
The tartaric acid market is estimated to foresee significant growth with a CAGR of 5.34% and is anticipated to grow from a market size of US$323.360 million in 2025 to reach a market size of US$419.490 billion in 2030.

The worldwide market for tartaric acid is growing steadily because of its varied applications in industries. Since this is a natural organic acid, tartaric acid has broad applications in the food and beverage sectors as a flavoring agent, acidity regulator, and antioxidant. It is particularly crucial inwinemaking, where it helps to stabilize the wine and remove excess tartaric acid crystals.

Beyond the food andbeveragesindustry, tartaric acid also finds application in the drug industry as an effervescing agent, buffer, and complexing agent in various products. In the cosmetics industry, it is used as an exfoliant and pH balancer in skincare products.

One of the growth factors in the market are rising demand for natural and organic products. The natural origin of tartaric acid goes along with this trend.

Other aspects are growing health and wellness consciousness, where tartaric acid has a prospect for helping in digestion and metabolism. The continuous innovation in the formulations of food and beverages creates opportunities for the inclusion of tartaric acid.

Markets would witness growth, but fluctuations in grape produce as well as possible supply chain disruption might be a major factor in the dynamics involved. However, the overall outlook for tartaric acid remains positive, driven by its versatility and increasing applications across many industries.

Tartaric acid market drivers:

Growing use of tartaric acid in various industries

Tartaric acid is used in wine manufacturing and is also gaining a rise in demand, for its application in the food and beverage industry, due to its antioxidant properties. It is also used in the pharmaceutical industry for medicine preparation and to improve the taste of oral medicines. Furthermore, taking into consideration the rising living standards and health care concerns, there is a growth in the consumption of sports & protein drinks, and nutritional bars; which also aids demand for tartaric acid, for its application as a food preservative and flavor enhancer. It also finds its use in the cement and construction industries, because of its anti-solidifying and set-retardant agent characteristics. These factors boost the tartaric acid industry's growth at a steady pace. The other uses include the use of the acid as a pH adjuster in the cosmetics and personal care industry and as a chelating agent in soil, fertilizers, and metal cleaning.

However, the increase in government regulations related to the use of synthetic tartaric acid in the food and pharmaceutical industries is expected to impede market growth in the forecast period. Industry players are adopting strategies for increasing their market share in the global tartaric acid market. Acquisitions act as the key strategy adopted by players in the tartaric acid market to expand their geographical outreach.

The tartaric acid market is segmented into five regions worldwide:

Geography-wise, the market of tartaric acids is divided into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. Tartaric acid finds solid markets in North America and Europe and has a presence in significant industries concerning food and beverages. The market is gaining importance due to increased demand in these regions for natural organic products.

The growing middle-class population is contributing to boosting cosmetic sales, especially from the emerging economies of the world, providing a huge consumer base. According to the OECD stats, the global middle class is projected to increase from a size of 1.8 billion in 2009 to a size of 4.9 billion in 2030.

By the end of 2030, the Asian region is estimated to hold the maximum middle-class population, where it is expected to represent more than 60% of the global middle-class population, and over 50% share the basis of middle-class consumption. China and India are expected to account for the maximum share of the middle-class population and consumption in the forecast period. According to the National Bureau of Statistics, the middle-class population in China is projected to grow at a rapid rate, especially in the big cities, and at the same time, is expected to contain the most active consumer group for the purchase of cosmetic products, further creating a high market demand for tartaric acid during the manufacturing process.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The tartaric acid market is segmented and analyzed as follows:

By Type

  • Natural
  • Synthetic

By Application

  • Wine
  • Food & Beverages
  • Excipient
  • Antacids
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. TARTARIC ACID MARKET BY TYPE
5.1. Introduction
5.2. Natural
5.3. Synthetic
6. TARTARIC ACID MARKET BY APPLICATION
6.1. Introduction
6.2. Wine
6.3. Food & Beverages
6.4. Excipient
6.5. Antacids
6.6. Others
7. TARTARIC ACID MARKET BY GEOGRAPHY
7.1. Global Overview
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Rest of South America
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.5.3. Rest of Middle East and Africa
7.6. Asia-Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Rest of Asia-Pacific
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Alvinesa Natural Ingredients S.A.
9.2. Tártaros Gonzalo Castelló, S.L.
9.3. Derivados Vínicos SA
9.4. Distillerie Mazzari S.p.A.
9.5. Tarac Technologies
9.6. Omkar Speciality Chemicals Ltd.
9.7. Sigma-Aldrich, Inc. (Merck KGaA)
9.8. Meru Chem Pvt. Ltd.
9.9. CDH Fine Chemical
9.10. Australian Tartaric Products

Companies Mentioned

  • Alvinesa Natural Ingredients S.A.
  • Tártaros Gonzalo Castelló, S.L.
  • Derivados Vínicos SA
  • Distillerie Mazzari S.p.A.
  • Tarac Technologies
  • Omkar Speciality Chemicals Ltd.
  • Sigma-Aldrich, Inc. (Merck KGaA)
  • Meru Chem Pvt. Ltd.
  • CDH Fine Chemical
  • Australian Tartaric Products

Methodology

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