The global Tartaric Acid market had reached approximately 1200 thousand tonnes in the year 2023 and is expected to grow at a CAGR of 6.4% during the forecast period until 2034.
Tartaric acid finds extensive utilization across diverse industries owing to its multifaceted properties. In the food and beverage sector, it serves as a key acidulant and flavour enhancer, imparting tartness and acidity to a wide array of products including soft drinks, fruit juices, confectioneries, and gelatine desserts. Additionally, tartaric acid plays a pivotal role in winemaking, where it contributes to the acidity adjustment of grape must and wine, ensuring flavour balance, colour stability, and microbial spoilage prevention. In the pharmaceutical realm, tartaric acid acts as a versatile excipient, employed for pH adjustment and stability enhancement in oral medications. Its presence extends to the cosmetics and personal care industry, where it features in skincare, hair care, and dental care formulations, utilized for its exfoliating properties and pH regulation. Beyond consumer goods, tartaric acid finds industrial applications, serving as a vital component in chemical production, including potassium tartrate and cream of tartar, as well as in textile dyeing processes as a mordant. The widespread adoption of tartaric acid underscores its indispensability in various sectors, facilitating flavour modulation, pH control, stability enhancement, and other essential functions crucial for product quality and performance.
The surge in the utilization of tartaric acid in processed food items such as bakery goods and natural preservatives has propelled the global tartaric acid market. Tartaric acid acts as a fast-acting leavening agent present in various baking powders utilized in the production of cakes and sweet baked products. Renowned for its high-water solubility among solid acidulants, tartaric acid imparts a robust sour flavour. The escalating demand for tartaric acid is primarily fuelled by its expanding applications in the food and beverage industry, where it finds extensive use in the preparation of sauces, jams, cakes, jellies, bread, and various other food items. Its popularity in the food industry is attributed to its ability to enhance the sour taste in savoury products. This surge in tartaric acid application in processed food items and natural preservatives is a key driver behind the global growth of the tartaric acid market. The global Tartaric Acid is anticipated to expand and reach approximately 2500 thousand tonnes by 2034.
The Asia-Pacific region is poised to become a dominant consumer in the tartaric acid market. This shift in dominance is fuelled by various factors, including the region's rapidly growing population, increasing urbanization, and expanding middle class. As disposable incomes rise across Asia-Pacific, there's a corresponding surge in consumer demand for food and beverages, pharmaceuticals, cosmetics, and other products that utilize tartaric acid. Furthermore, the region's evolving dietary preferences, coupled with a growing awareness of health and wellness, are driving the demand for natural ingredients like tartaric acid in food and beverage formulations. With its diverse applications across multiple industries, including the food and beverage sector, pharmaceuticals, and cosmetics, tartaric acid is poised to witness substantial consumption growth in the Asia Pacific region in the coming years. This trend positions Asia-Pacific as a key market player and influencer in shaping the dynamics of the global tartaric acid market.
Based on end-user industry, the global Tartaric Acid market is segregated into Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, and Others. Although, the Food & Beverages is the dominating the global Tartaric Acid market. This industry held a market share of roughly 50% and is anticipated to maintain its dominance in the forecast period.
Major players in the Global Tartaric Acid are ATP Group, Anhui Hailan Bio-technology Co., Ltd., AUSTRALIAN TARTARIC PRODUCTS, Changmao Biochemical Engineering Company Limited, Dastech International Inc., Derivados Vínicos S.A., Distillerie Mazzari S.p.A, Giovanni Randi SpA, Industria Chimica Valenzana I.C.V. SpA, Ningbo Jinzhan Biotechnology Co.,Ltd., Omkar Speciality Chemicals Ltd, and Tarac Technologies, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Tartaric Acid which covers production, demand and supply of Tartaric Acid market in the globe.
• To analyse and forecast the market size of Tartaric Acid
• To classify and forecast Global Tartaric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Tartaric Acid market in the globe.
To extract data for Global Tartaric Acid market, primary research surveys were conducted with Tartaric Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Tartaric Acid market over the coming years.
ChemAnalyst calculated Tartaric Acid demand across the globe by analyzing the volume of Tartaric Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Tartaric Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Tartaric Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Tartaric Acid s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Tartaric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1200 thousand tonnes
Market size Volume by 2034
2500 thousand tonnes
Growth Rate
CAGR of 6.4% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Which region is leading as a consumer of the global Tartaric Acid market?
Ans:
Asia Pacific region is the largest consumer of the global Tartaric Acid market.
Q2.
Which end-use industry is dominating the Global Tartaric Acid market?
Ans:
The Food & Beverages industry is dominating the Tartaric Acid market with a market share of about 50% in 2023.
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