Tartaric Acid Market
Tartaric Acid Market - Global Industry Assessment & Forecast
Segments Covered
- By Source Grapes & Sun-dried Raisins, Maleic Anhydride
- By Type Natural, Synthetic
- By Application Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care Products, Others
- By Regions North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 261.70 Million |
Revenue 2030: | USD 389.61 Million |
Revenue CAGR (2023 - 2030): | 5.10% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Tartaric Acid Market: By Source, Type, Application, and Region
Market Synopsis
In 2021, the global Tartaric Acid market is valued at USD 261.70 Million and is projected attain a value of USD 389.61 Million by 2028 at a CAGR of 5.10% during the forecast period, 2022-2030. Tartaric Acid is an organic compound that occurs naturally in many plants, which can be purified from wine lees. It is the most abundant non-volatile acid in grapes, being behind only acetic acid in concentration. The two other primary acids found in wine are citric and malic acids. Tartaric Acid can also come from cream of tartar which is a byproduct of refining of white refined sugar (similar to table sugar). It can be produced as well artificially but it was more widely obtained from this natural source before synthetic production took over since it took less labor intensive to extract Tartaric Acid from cream of tartar than it was to extract it directly out of grape wine.
Tartaric Acid Market Size, 2022 To 2030 (USD Million)
AI (GPT) is here !!! Ask questions about Tartaric Acid Market
Segmentation
The global Tartaric Acid market is segmented into source, type, application. By source, it is grapes & sun-dried raisins, maleic anhydride. Based on type, natural and synthetic. On the basis of application, they are food & beverages, pharmaceuticals, cosmetics & personal care products)
Report Coverage & Deliverables
- Real-Time Data Updates:
- Competitor Benchmarking
- Market Trends Heatmap
- Custom Research Queries
- Market Sentiment Analysis
- Demographic and Geographic Insights
Get Access Now
Natural Tartaric Acid is on High Demand
The use of Tartaric Acid for food applications has increased significantly during past decades due to its low toxicity level and high reliability as a food additive. The worldwide production of Tartaric Acid is around 370'000 tons per year, with about 50% being used in winemaking. Natural Tartaric Acid represents 60% of all Tartaric Acid produced every year. The remaining 40% are synthetic racemic mixtures (DL-Tartaric Acid) which are often used in the food industry to improve physical parameters like flowability or crystallization of powdered products.
Today about 150'000 tons Tartaric Acid is obtained annually from grape by-products. More than half of this amount is extracted with hot water (hot-water process), whereas 15% is produced by solvent extraction and only 30% of natural Tartaric Acid originates from crushed grapes (cold-press method). The main drawback of the cold-press method is that it uses large amounts of water for the fermentation process.
Food and Beverage Industry is Dominating the Tartaric Acid Market
Tartaric Acid is used in food and beverage industry on large scale due to its wide range of applications. It is used in coagulation process of cheese making and it is acting as a natural preservative for fruits, vegetables, wines and vegetable oils due to its antioxidation property. As an additive, it is used in the preparation of calcium remineralization agent, emulsifier or stabilizer.
Tartaric Acid has many beneficial effects on human health which are being exploited by food industry at large scale to improve products quality and production efficiency. For example, Tartaric Acid helps to control wine aging process without losing aroma properties or having negative effect on color intensity. Besides this property, it may help to reduce the risk of renal stone formation through its ion-exchange potential power for uric acid. At the moment, only calcium tartrate is used in pharmaceutical industry due to its antirheumatic and kidney stone control properties. In addition, it has been shown that Tartaric Acid can reduces the risk of cardiac hypertrophy by influencing ion transport across cellular membrane resulting in cardioprotective effects.
Asia Pacific is the Largest Tartaric Acid Market
Asia Pacific is the largest Tartaric Acid market due to high population growth, well-established healthcare and food industry. In facts, it is the largest producer of grapes and other sources required for obtaining Tartaric Acid naturally. In addition to this, the region has well-established food processing industry, which is also expanding at an exponential CAGR and is projected to contribute heavily to the well-being of the industry in the years to come.
In the recent years, the industry has been witnessing a slowdown due to fluctuating raw material costs and economic conditions. However, with increasing concerns about obesity and heart related diseases worldwide, there is a definite shift in demand from synthetic to natural Tartaric Acid. This trend may result in an upswing of the industry going forward. Moreover, cheap labor cost contributes heavily to the overall expenses incurred by manufacturers based in this region.
Competitive Landscape
Producers of Tartaric Acid are increasingly focusing on strengthening their distribution networks to increase market penetration. Although, price fluctuations are expected during the forecast period, manufacturers are still likely to invest heavily in R&D due to changing demands of consumers for natural Tartaric Acid.
Some of the key players in the global Tartaric Acid market are Australian Tartaric Products, Distillerie Mazzari S.p.A, The Tartaric Chemicals Corporation, Anhui Hailan Biotechnology Co. Ltd, and Industria Chimica Valenzana I.C.V. SpA
The Tartaric Acid is Segmented as Follows:
Parameter
Details
Segments Covered
By Source
By Type
By Application
By Regions
Regions & Countries Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
Pricing and purchase options
Avail of customized purchase options to meet your exact research needs. Explore purchase options
FAQ
Frequently Asked Question
What is the global demand for Tartaric Acid in terms of revenue?
-
The global Tartaric Acid valued at USD 261.70 Million in 2022 and is expected to reach USD 389.61 Million in 2030 growing at a CAGR of 5.10%.
Which are the prominent players in the market?
-
The prominent players in the market are Australian Tartaric Products, Distillerie Mazzari S.p.A, The Tartaric Chemicals Corporation, Anhui Hailan Biotechnology Co. Ltd, and Industria Chimica Valenzana I.C.V. SpA.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.10% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Tartaric Acid include
- Natural Tartaric Acid is on High Demand
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Tartaric Acid in 2022.