Tartaric Acid Business is expected to reach USD 320.27 billion by 2025 globally a detailed report by top competitors like Merck, Changmao Biochemical Engineering, Omkar Specialty Chemicals, Caviro Group, ATP Group, Tarac Technologies, Pahi and more

Tartaric acid is a naturally occurring carboxylic acid found in grapes. It can also be synthetically produced from maleic anhydride. The acid is used as acidulate in wine, feedstock in the production of emulsifiers, as an additive, buffer, flavouring agent, and preservative, in foods and beverages. Tartaric acid is an organic acid, which can be manufactured from both natural and synthetic sources. Natural sources are grapes, and sun dried raisins it can also be generated from the residue which is left after the production of wine. According to Linsey Gallagher, Vice President of International Marketing at the Wine Institute, it has been stated that the California wine exports have grown by an impressive 78% by value in the last decade. It has also been found that the total sales of wine were around USD 25 million in the year 2017. According to a study conducted by Nielsen, it was found that around 120 million Americans drink wine that is around one third of the total population of America. The tartaric acid is also widely used in pharmaceutical industry. Tartaric acid is used in the production of effervescent salts, to improve the taste of oral medications. The renowned participants in the tartaric acid industry are focusing on launch of new products, opening new research and development centres, and new plants in order to expand their overall business.
Tartaric Acid Market is expected to reach USD 320.27 billion by 2025, from USD 215.83 million in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Major Market Drivers and Restraints:
• Multiple functionalities across different industries
• R&D and technological innovations
• Growth in the wine industry
• Restricted use of synthetic tartaric acid in various applications

Competitive Analysis
The global tartaric acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tartaric acid market for global, Europe, North America, Asia Pacific and South America.

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Major Market Competitors/Players: Global Tartaric Acid Market
Some of the major players operating in the global tartaric acid market are – Merck, Changmao Biochemical Engineering, Omkar Specialty Chemicals, Caviro Group, ATP Group, Tarac Technologies, Pahi, Distillerie Mazzari, Distillerie Bonollo, Derivados Vinicos, Industrias Vinicas, Tártaros Gonzalo Castelló, Alvinesa Alcoholera Vinicola S.A.,, Vinicas, Distillerie Mazzari, Distillerie Mazzari, Changmao Biochemical Engineering, Changmao Biochemical Engineering, Caviro, PAHI, S.L, Paari Chem Resources., Comercial Quimica Sarasa, S.L, Hebei Foodchem Co. Ltd., Hebei Foodchem Co. Ltd., Qingdao Langyatai( Group)co., Ltd., Neptune Chemicals and many more.

Market Segmentation: Global Tartaric Acid Market
• The global tartaric acid market is segmented based on type, application, source and geographical segments.
• Based on source, the global tartaric acid market is segmented into grapes & sun-dried raisins, maleic anhydride and others
• On the type of source, the global tartaric acid market is classified into natural and synthetic.
• Based on form process, the global tartaric acid market is classified into food & beverages, pharmaceuticals, cosmetics & personal care products and other.
• Based on geography, the global tartaric acid market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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