Tartaric Acid MarketTheGlobal Tartaric Acid Marketis estimated to proliferate from USDUSD 249.86 Millionbillion in 2021 to USDUSD 306.03 Millionbillion in 2028 growing at a CAGR of5.2%%. Tartaric acid is a naturally occurring compound found in various fruits, such as grapes, apricots, apples, bananas, avocados, and tamarind. It has anti-oxidant and anti-inflammatory properties, which provide benefits to the immune system. In addition, adequate use of tartaric acid helps to improve digestion and intestinal functions.
The Tartaric Acid Market is driven mainly by its various uses, especially in the food and beverage industry. In the food industry, it is used as an acidulant, anti-microbial agent, an anti-caking agent. It also acts as an important food additive, often combined with baking soda to act as a yeast-enhancing agent in cooking to improve its quality and stability. Apart from this, tartaric acid and its derivatives are used in the pharmaceutical industry as an ingredient in drugs that do not dissolve at high pH levels. The tartaric acid market is also driven by the growing demand for tartaric acid in the wine industry. Tartaric acid helps control the acidity of the wine and is considered one of the strongest acids in wine. It also plays an important role in improving the taste and color of wines. It also lowers the pH to kill unwanted germs, thus serving as protection. With the growth of wine production in a few markets such as France, Spain, Italy, the US, and China, the demand for tartaric acid will increase dramatically, thus driving the growth of the tartaric acid market. The biggest obstacle to the tartaric acid market is strict food safety laws. The proliferation of government regulations in various countries restricts the use of synthetic tartaric acid in food and packaging products. Significant challenges facing the tartaric acid industry are the availability and rising prices of unripe substances such as fruit; this ultimately leads to higher production costs, especially the production of natural tartaric acid. This can limit the market growth of tartaric acid. Market opportunities for Tartaric acids are the production of tartaric acid in less expensive ways and strict rules.
The flavors & salts segment is estimated to be the largest segment with a growing market. Based on type, the portion of natural tartaric acid had the largest share in 2021. This may be due to the growing demand for the food and beverage and pharmaceutical industries where natural tartaric acid is used; especially in the European region, where only dietary (natural) tartaric acid is allowed to be used in these industries. The tartaric acid market, based on consumption, is divided into food and beverage, medicine and cosmetics, and personal care among others. The cosmetics and personal care sector holds the largest share since 2020. Tartaric acid and its salts are used as pH regulators in cosmetics and personal care products. It is considered a low-risk ingredient in skincare. The growth of the market for men's cosmetic products is due to increased awareness among male consumers.
TheAsia Pacificregion holds the largest share of the regional market for tartaric acid. Consumption of tartaric acid in food and beverages in emerging markets is expected to increase, along with the growing demand for processed foods and beverages. Due to the presence of major eating countries such as China and India, the demand for tartaric acid in the Asia Pacific region is growing rapidly.
Key participants in the tartaric acid market include-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.
Nov 23, 2021
