Tartaric Acid Market Trends By Key Players are Distillerie Mazzari, Caviro, Changmao Biochemical Engineering, Tarac Technologies, ALVINESA ALCOHOLERA VINICOLA, Merck KGaA, Tártaros Gonzalo Castelló, Derivados Vinicos, Vinicas, Distillerie Mazzari

Tartaric Acid Market will exceed USD 600 million by 2024; according to a new research report by Global Market Insights, Inc.

Tartaric acid, also known as 2, 3-dihydroxybutanedioic acid, is a white crystalline organic acid. It is produced from both synthetic, and natural raw materials. Tartaric acid finds major applications in wine, food & beverage sectors for providing a distinct taste to human-consumables. Sun dried raisins &Grapes, are some of the naturally-available rich tartaric acid sources. Artificially, it could be produced through maleic anhydride. The natural tartaric acid has applications, primarily in food & beverage, wine, pharmaceuticals, wine, and others, while synthetic tartaric acid applications are only limited to cosmetics, personal care goods, construction chemicals, and some others.

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The natural tartaric acid segment is projected to be the fastest-growing during the projected period, due to its wide range of applications such as food & beverages, wine, pharmaceutical, which further results in an exponential rise in both product consumption and manufacturing.

The wine application segment dominated the overall market in 2016. It is also anticipated to increase over a highest CAGR during the anticipated period, followed by FMCG application segment. The tartaric acid for producing wine is expected to increase at 4% CAGR, due to the increasing wine consumption across both developed and developing economies. Rising demand from food & beverage applications is predicted to rise over a reasonable CAGR, due to the growing demand for processed food products, and nutritional beverages in the developing economies of both Asia Pacific, and Europe, such as China, Japan, Australia, and France, Spain, and Italy respectively.

Type By Application

o Natural

• Wine
• Food & Beverage
• FMCG
• Pharmaceutical
• Others

o Synthetic

• Wine
• Food & Beverage
• FMCG
• Pharmaceutical
• Others

By Application

o Wine
o Food & Beverage
o FMCG
o Pharmaceutical
o Others

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The Europe tartaric acid market constituted a significant market share by the end of 2016 and would grow at a similar pattern till 2024. Increasing wine production operations in countries like France, Italy, and Spain will majorly boost the Europe regional market in the projected timeframe. Asia Pacific market is the second-largest market, which is primarily driven by Japan, India, and China. Growing product consumption in manufacturing FMCG products, coupled with the growing product consumption in construction chemicals is anticipated to boost the regional market of Asia Pacific till 2024.

The wine application segment dominated the overall market in 2016. It is also anticipated to increase over a highest CAGR during the anticipated period, followed by FMCG application segment. The tartaric acid for producing wine is expected to increase at 4% CAGR, due to the increasing wine consumption across both developed and developing economies. Rising demand from food & beverage applications is predicted to rise over a reasonable CAGR, due to the growing demand for processed food products, and nutritional beverages in the developing economies of both Asia Pacific, and Europe, such as China, Japan, Australia, and France, Spain, and Italy respectively.

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Increasing wine demand across the globe is will drive the global tartaric acid market during the forecast period. The tartaric acid addition to wine gives a significant taste, which the consumers highly prefer. The tartaric acid demand for food & beverage, construction, FMCG, and pharmaceutical, end-use applications is predicted to rise at a noteworthy growth rate and would drive the market additionally over the projected period. The global consumption of wine was 24 billion liters by the end of 2015 and anticipated to increase over a CAGR of more than 3% till 2018. The increasing wine consumption is significantly favoring the growth of the tartaric acid demand, which in turn drives the global market.

Prominent players in the tartaric acid industry are Distillerie Mazzari, Caviro, Changmao Biochemical Engineering, Tarac Technologies, ALVINESA ALCOHOLERA VINICOLA S.A., Omkar Speciality Chemicals Ltd, PAHI, S.L., Merck KGaA, Tártaros Gonzalo Castelló, Derivados Vinicos, Vinicas, and Distillerie Mazzari among some others.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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This release was published on openPR.