Global Tartaric Acid Market Size is predicted to reach USD 663.0 million by the end of 2025, increasing from USD 470.0 million in 2017. Tartaric acid is a white crystalline organic acid that naturally occurs in fruits, most notably in grapes, bananas, tamarinds & citrus. Tartaric acid is mixed with baking soda to act as a leavening agent in different culinary recipes. Tartaric acid is also prepared artificially in industries for use in several applications like Foods & Beverages, Wine, Antacids, Pharmaceuticals and others.

Global Tartaric Acid Market Size is predicted to reach USD 663.0 million by the end of 2025, increasing from USD 470.0 million in 2017

Tartaric acid is used in the manufacturing of emulsifiers as flavouring agents and additives in the industry for Food & Beverages. It is also extensively used as an additive in wine. Besides these applications, tartaric acids are used as preservatives in jams, pickles, fruit juice & soft drinks. Tartaric acid is mostly used in the Wine Industry, due to the major role it plays in maintaining the chemical stability of wine. Tartaric acid is also widely used in the Pharmaceutical Industry due to it’s characteristic property of enhancing the taste of the medicine. Tartaric acids and its derivatives are also used in the manufacture of effervescent salts.

By application, the food & beverages industry is to account for the lion’s share of the market for Tartaric acids, followed by the Pharmaceuticals Industry. The Wine Industry in the Asia Pacific region is expected to witness a very rapid rate of growth, due to the growing incidence of tourism in the Southeast Asian countries, which raises the demand for the manufacture of wine by the local manufacturers. Since, tartaric acids are extensively used in the preparation of wine, the increasing demand for wine arising in the Asia Pacific region, is expected to propel the growth of the market for Tartaric Acids. Due to the crunch in production of tartaric acids in Europe, there has been a rise in the price of tartaric acids, and this situation represents an opportunity for the Asian markets to enter the highly lucrative European market. The sustained rise in the demand for these agents is driving the growth of the market for tartaric acids. However, the prices of natural tartaric acid are higher as compared to synthetic tartaric acid globally.

TARTARIC ACIDS MARKET SEGMENTATION, BY TYPE

By type, the market for tartaric acids is segmented into natural tartaric acid, and artificial tartaric acid. Natural tartaric acid market is expected to dominate the global market. The demand for this product is predicted to grow at a CAGR over 4.2% in the projected period. Synthetic tartaric acid finds rising applications in manufacturing FMCG products such as cosmetics, personal care products, production of diacetyl tartaric acid esters of mono and diglycerides, and construction chemicals, thus the product demand is expected to grow.

TARTARIC ACIDS MARKET SEGMENTATION, BY END-USERS

By end-user industries, the market for tartaric acids is segmented into: Food & Beverages, Wine, Pharmaceuticals, Antacids, FMCG products, and Others. The ‘Wine’ segment accounted for the largest share of the market in 2018, and it is expected to continue to rise throughout the period of forecast at a rate of 3.5%. Due to the growing demand for wine originating in the South-East Asian countries, (which basically originates from the growing incidence of tourism in these countries, coupled with the rising demand for production of wine by local manufacturers) the Wine Industry is one of the fastest growing industries of the Asia Pacific region. The demand for FMCG products like cosmetics and personal skin care products is estimated to have the second largest share of the market for tartaric acids and is expected to grow at a rate of 3.1% throughout the period of forecast. The ‘Food & Beverages’ segment is expected to account for the third largest share of the market. Due to the increasing levels of the standards of living in the developing economies along with the countries in the Asia Pacific region, coupled with the rising demand for processed foods and ready-to-drink beverages, the food & beverages segment is expected to grow at a rate of 3.2% throughout the period of forecast. Due to global rise in demand for medicines, the Pharmaceutical Industry is also expected to be one of the fastest growing segments by end-user industry, in the global market for tartaric acids.

TARTARIC ACIDS MARKET SEGMENTATION, BY REGION

The European market for Tartaric acids is expected to have the biggest share as of 2018. The market for tartaric acids in the Asia Pacific region is has the second largest share of the market. The rising levels of demand for personal care products, pharmaceuticals & construction chemicals, is likely to drive the growth of the market throughout the period of forecast. The presence of well developed end-user industries of Tartaric acids, coupled with the fast-paced lifestyle has augmented the spurt in the demand for on-the-go food & beverages, which is further expected to propel the growth of the market for Tartaric acids in the Asia Pacific region.

KEY PLAYERS IN THE MARKET FOR TARTARIC ACIDS

Some key players operating in the global tartaric acid market are The Chemical Company, Caviro Distillerie SRL, Tartaros Gonzalo Castello SL, Distillerie Bonollo S.p.A, Richman Chemical Inc., Tarac Technologies, American Tartaric Products, The Tartaric Chemical Corp, and U.S. Chemicals LLC among several others.