Reports
Global Tartaric Acid Market: By End Use: Food and Beverages, Non-Food Applications; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Price Analysis; Manufacturing Process; Feedstock Market Analysis; Competitive Landscape; Industry Events and Developments
Global Tartaric Acid Market Outlook
The global tartaric acid market stood at a value of USD 316.7 million in 2020. The market is projected to grow at a CAGR of 5.9% in the forecast period of 2023-2028 to reach USD 412.8 million by 2026.
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Based on the end-use, the food and beverage segment held the major share in 2020 and is expected to register the highest CAGR over the forecast period of 2023-2028. The segment growth is attributed to the growing demand for tartaric acid as an emulsifier and preservative in bakeries and the manufacturing of confectionery items. Besides, it can also be employed to enhance the flavour of carbonated beverages, thus, leading to greater adoption of the product in recent years.
Regionally, Europe dominated the global tartaric acid market in 2020, owing to the increased production and consumption level for wines across many European nations such as Germany, Italy, France, and Spain, among others. Moreover, the increasing penetration of the product as a chelating agent is also expected to propel the demand for tartaric acid in the region.
Properties and Applications
Tartaric acid is a naturally occurring substance present in various fruits, such as grapes, apricots, apples, avocados, bananas, and tamarinds. It has antioxidant and anti-inflammatory properties, which have led to its increasing application in functional foods and energy drinks.
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The end uses of the product is bifurcated into:
- Food and Beverages
- Non-Food Applications
The EMR report looks into the regional markets in the global tartaric acid market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Market Analysis
The increasing awareness among consumers regarding the health benefits offered by tartaric acids, such as boosting metabolism, increasing production of collagen, and enhancement of energy generation in the body, are the factors attributing to the tartaric acid market growth. It acts as a primary raw material in the process of winemaking, which has significantly propelled the overall demand for the product across the globe. Also, the product is further used in the processing of gypsum as an anti-caking agent. It can also be used in the production of cement in the form of a set-retardant and anti-solidifying agent. The aforementioned factors are expected to favourably drive the growth of the tartaric acid market in the coming years. The increasing use of the product as an emulsifier in bread production is likely to provide lucrative opportunities to industry participants. Along with this, industrial applications of tartaric acid include the manufacturing of ceramics, textile printing, tanning, photography, etc. which are further expected to impel the tartaric acid market growth over the forecast period of 2023-2028.
The adequate consumption of wine is expected to remain a prime factor driving the global tartaric acid market growth over the forecast period. The increasing popularity of packaged food coupled with rising living standards is estimated to further complement the market growth over the forecast period. Moreover, increasing usage of tartaric acid as an additive and a preservative in the food and beverage industry is projected to fuel global market growth. Apart from this, the product is gaining acceptance as a chelating agent in soil fertilizers and metal cleaning and is also used in the pharmaceutical industry as an excipient for drugs, which are anticipated to strengthen the global market growth.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global market for tartaric acid, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ningbo Jinzhan Biotechnology Co., Ltd.
- Noah Technologies Corporation
- Caviro Extra SpA
- The Tartaric Chemicals Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region |
| Breakup by End Use | Food and Beverages, Non-Food Applications |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ningbo Jinzhan Biotechnology Co., Ltd., Noah Technologies Corporation, Caviro Extra SpA, The Tartaric Chemicals Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tartaric Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Tartaric Acid Historical Market (2018-2022)
8.3 Global Tartaric Acid Market Forecast (2023-2028)
8.4 Global Tartaric Acid Market by End Use
8.4.1 Food and Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non-Food Applications
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Tartaric Acid Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Market (2018-2022)
9.3.2 Market Forecast (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 291812)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Feedstock Market Analysis
15.1 Global Maleic Anhydride Market Analysis
15.1.1 Key Industry Highlights
15.1.2 Global Maleic Anhydride Historical Market (2018-2022)
15.1.3 Global Maleic Anhydride Market Forecast (2023-2028)
15.1.4 Global Maleic Anhydride Market by End Use
15.1.5 Global Maleic Anhydride Market by Region
15.1.5.1 North America
15.1.5.2 Europe
15.1.5.3 Asia Pacific
15.1.5.4 Latin America
15.1.5.5 Middle East and Africa
15.2 Global Hydrogen Peroxide Market Analysis
15.2.1 Key Industry Highlights
15.2.2 Global Hydrogen Peroxide Historical Market (2018-2022)
15.2.3 Global Hydrogen Peroxide Market Forecast (2023-2028)
15.2.4 Global Hydrogen Peroxide Market by End Use
15.2.5 Global Hydrogen Peroxide Market by Region
15.2.5.1 North America
15.2.5.2 Europe
15.2.5.3 Asia Pacific
15.2.5.4 Latin America
15.2.5.5 Middle East and Africa
15.3 Trade Data Analysis (HS Code – 291714, 2847)
15.3.1 Major Importing Countries
15.3.1.1 By Volume
15.3.1.2 By Value
15.3.2 Major Exporting Countries
15.3.2.1 By Volume
15.3.2.2 By Value
15.4 Price Analysis
15.4.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
15.4.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
15.4.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
15.4.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
15.4.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players’ Market Share
16.3 Company Profiles
16.3.1 Ningbo Jinzhan Biotechnology Co.,Ltd.
16.3.1.1 Company Overview
16.3.1.2 Company Description
16.3.2 Noah Technologies Corporation
16.3.2.1 Company Overview
16.3.2.2 Company Description
16.3.3 Caviro Extra SpA
16.3.3.1 Company Overview
16.3.3.2 Company Description
16.3.4 The Tartaric Chemicals Corporation
16.3.4.1 Company Overview
16.3.4.2 Company Description
16.3.5 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Tartaric Acid Market: Key Industry Highlights, 2018 and 2028
2. Global Tartaric Acid Historical Market: Breakup by End Use (USD Million), 2018-2022
3. Global Tartaric Acid Market Forecast: Breakup by End Use (USD Million), 2023-2028
4. Global Tartaric Acid Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Tartaric Acid Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Tartaric Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Tartaric Acid Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Tartaric Acid Forecast: Breakup by Country (USD Million), 2023-2028
16. Major Importing Countries by Volume (2020)
17. Major Exporting Countries by Volume (2020)
18. Major Importing Countries by Value Million USD (2020)
19. Major Exporting Countries by Value Million USD (2020)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Maleic Anhydride Market: Key Industry Highlights, 2018 and 2028
26. Global Maleic Anhydride Historical Market: Breakup by End Use (USD Million), 2018-2022
27. Global Maleic Anhydride Market Forecast: Breakup by End Use (USD Million), 2023-2028
28. Global Maleic Anhydride Historical Market: Breakup by Region (USD Million), 2018-2022
29. Global Maleic Anhydride Market Forecast: Breakup by Region (USD Million), 2023-2028
30. Maleic Anhydride Major Importing Countries by Volume (2020)
31. Maleic Anhydride Major Exporting Countries by Volume (2020)
32. Maleic Anhydride Major Importing Countries by Value Million USD (2020)
33. Maleic Anhydride Major Exporting Countries by Value Million USD (2020)
34. Maleic Anhydride Historical Price Trends and Forecast 2018-2028
35. Global Hydrogen Peroxide Market: Key Industry Highlights, 2018 and 2028
36. Global Hydrogen Peroxide Historical Market: Breakup by End Use (USD Million), 2018-2022
37. Global Hydrogen Peroxide Market Forecast: Breakup by End Use (USD Million), 2023-2028
38. Global Hydrogen Peroxide Historical Market: Breakup by Region (USD Million), 2018-2022
39. Global Hydrogen Peroxide Market Forecast: Breakup by Region (USD Million), 2023-2028
40. Hydrogen Peroxide Major Importing Countries by Volume (2020)
41. Hydrogen Peroxide Major Exporting Countries by Volume (2020)
42. Hydrogen Peroxide Major Importing Countries by Value Million USD (2020)
43. Hydrogen Peroxide Major Exporting Countries by Value Million USD (2020)
44. Hydrogen Peroxide Historical Price Trends and Forecast 2018-2028
45. Global Tartaric Acid Market Structure
Key Questions Answered in the Report
The global tartaric acid market reached a value of USD 316.7 million in 2020.
The market is projected to grow at a CAGR of nearly 5.9% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 412.8 million by 2026.
The major drivers of the industry include rising disposable incomes, increasing population, increasing awareness among consumers regarding the health benefits of the product, growing wine consumption, and rising use of the product as a chelating agent.
The rising industrial applications of tartaric acid include the manufacturing of ceramics, textile printing, tanning, photography, etc. The rising industrial applications of the product is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Europe accounting for the largest market share.
The end-use sectors can be divided into food and beverages and non-food applications, with the food and beverages segment leading the market.
The leading players in the market are Ningbo Jinzhan Biotechnology Co.,Ltd., Noah Technologies Corporation, Caviro Extra SpA, and The Tartaric Chemicals Corporation, among others.
Analyst Review
The global tartaric acid market attained a value of USD 316.7 million in 2020 driven by the growing consumption of wine. Aided by the rising industrial applications, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.9%. The industry is projected to reach USD 412.8 million by 2026.
EMR's meticulous research methodology delves deep into the industry, covering the industry's macro and micro aspects. On the basis of end-uses, the industry can be divided into food and beverages and non-food applications, with the food and beverages segment accounting for the largest market share. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above industry include Ningbo Jinzhan Biotechnology Co.,Ltd., Noah Technologies Corporation, Caviro Extra SpA, and The Tartaric Chemicals Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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