Global Tartaric Acid Market Value To Touch USD 332.3 MN By 2026
- Press Releases
The “Global Tartaric Acid Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study provided on Decisiondatabases.com gives a detailed account of the market flow and the market dynamics of the global tartaric acid market. The report foresees the global market to reach over USD 332.3 MN by 2026 along with a CAGR of 5% from 2020-2026. The market had a value close to USD 236.2 MN in 2019.
The increase in the production of wine due to the increase in consumption and the anti-oxidant property of tartaric acid has made it useful in the food & beverage industry thus increasing the demand for the tartaric acid market globally. However, the harmful effects caused by the consumption of tartaric acid in excess would act as a restraint towards the growth of the global tartaric acid market. The effects include vomiting, diarrhea, abdominal pain, increased thirst and gastrointestinal inflammation.
Tartaric acid is a white crystalline organic acid that is found in various fruits such as grapes, apricots, bananas, avocados and tamarinds. It is also referred to as 2,3-dihydroxybutanedioic acid. It is widely used in the production of wine in order to impart the characteristic tart taste to the wine. Tartaric acid is obtained from lees that occur naturally. Lees is rich in potassium tartrate and is further processed to produce tartaric acid. Maleic anhydride is generally utilized for producing synthetic tartaric acid.
By the end-users, the global tartaric acid market is segmented into wine, food & beverages, pharmaceutical, construction, leather tanning and metal finishing where wine has been identified as the leading segment as per the study.By geography, Asia Pacific, North America, Europe, Latin America and Middle East & Africa are the segments of the global tartaric acid market. Europe has emerged as the dominating segment as per the study.
The key players of the global tartaric acid market provided in the study are Caviro Distillerie S.R.L (Caviro), Tarcol SA, American Tartaric Products Inc. (ATP), Distillerie Mazzari S.p.A., The Tartaric Chemicals Corporation, Changmao Biochemical Engineering Company Ltd, Industria Chimica Valenzana SpA (I.C.V.), Vinicas Inc., Omkar Speciality Chemicals Ltd., Giovanni Randi S.p.A. and Derivados Vinicos S.A. among others. The report also offers a description of each with information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions and recent developments.
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