Tartaric Acid Global Market Analysis 2018 to 2025: Growth in the wine industry and the +6.2% CAGR Industry Growth

Global 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.

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

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Global Tartaric Acid Market Competitors:

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:

• 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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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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