According to a new market report published by Lucintel, the future of the tartaric acid market looks promising with opportunities in the food and beverage, pharmaceutical, cosmetic and personal care, and other industries. The global tartaric acid market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are multiple functionalities across different industries and growing wine industries.
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Tartaric acid is an odorless white crystalline powder, and can be extracted from fruits such as grapes, bananas, apricots, and tamarind. In this market, grapes and sun-dried raisin, and maleic anhydride are the major sources used for manufacturing tartaric acid. Lucintel forecasts that grapes and sun-dried raisin will remain the largest segment over the forecast period as major tartaric acid is sourced naturally from grapes & sun-dried raisins; most of which is obtained as a by-product of the wine-making process in the form of crystals.
Within this market, food and beverage will remain the largest segment by application over the forecast period due to its growing usage as preservatives and emulsifiers and increasing awareness regarding the health benefits of anti-oxidants used in food and beverages.
Europe will remain the largest region over the forecast period due to increase in the production of wine and the increasing use of natural tartaric acid in food in the region.
Caviro Group, ATP Group, Merck, Omkar Specialty Chemicals, Changmao Biochemical Engineering, Tarac Technologies, PAHI, Distillerie Mazzari, Distillerie Bonollo, and Derivados Vinicos are among the major suppliers in the global tartaric acid market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global tartaric acid market by application, source, product type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Tartaric Acid Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global tartaric acid market by application, source, product type, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food and Beverage
Pharmaceutical
Cosmetic and Personal Care
Others
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
Grapes and Sun-Dried Raisin
Maleic Anhydride
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
German
France
China
India
South Korea
Japan
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.