The market is expected to generate an incremental $ opportunity of US$ 193.0 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00282 Format: PDF Pages: 290
Global Tartaric Acid Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Tartaric Acid Market was worth US$ 278.9 Mn and is expected to grow at a CAGR of 5.4% over the forecast period. While the historical CAGR is 4.8%, the market is expected to hit US$ 471.9 Mn by 2032 end.
Organic acid tartaric acid is a white crystalline substance. It is naturally present in grapes, apples, apricots, tamarind, and bananas. The primary organic source of the product is grapes. The acid is present in the leaves and grapes as the potassium salt. Although the product has applications across many industries, food, drink, and medicines are some of its most well-known end-use sectors.
TARTARIC ACID ACROSS DIFFERENT INDUSTRIES IS ACTING AS A CATALYST TO STIMULATE THE DEMAND
Fruits like grapes, bananas, apricots, and tamarind can all be used to extract tartaric acid, which is a flavorless, white, crystalline powder. Wine, fruit juices, baked goods, and pharmaceuticals are just a few of the key uses for tartaric acid, which has recently received a lot of attention. Tartaric acid is widely used in the wine industry to stabilize wine pH levels. It is also used in the bakery sector as a raw material to create food emulsifiers that are used to make bread better. Tartaric acid is also a taste enhancer and preservative in the food and beverage business.
The ability of tartaric acid to serve several purposes in sectors, including food and beverage, pharmaceuticals, and cosmetics, is the industry’s main growth engine. The pharmaceutical industry uses tartaric acid extensively as a component, especially in light of recent advances in technology like micro-encapsulation.
RESTRICTED USE OF SYNTHETIC TARTARIC ACID BY GOVERNMENT IN VARIOUS COUNTRIES
To reduce the negative effects of using synthetic tartaric acid in food-grade and medicinal uses, governments worldwide have created rules. The government prohibits synthetic tartaric acid from preventing adverse effects like nausea, vomiting, diarrhea, stomach pain, increased thirst, and gastrointestinal inflammation because tartaric acid’s excessive use in food-grade applications is dangerous. Government constraints may limit tartaric acid’s ability to grow in the market in some nations.
Market Segments Covered in Report
By Region and Country:
Why is Maleic Anhydride expected to dominate the Market?
In 2021, maleic anhydride had a market-dominating revenue share of more than 55.1%. The huge demand for synthesized tartaric acid is to blame for this. The main ingredient used to make synthetic tartaric acid is maleic anhydride. Synthetic tartaric acid is highly sought after by end-use industries like food, beverage, and medicines due to its affordability and accessibility.
Maleic anhydride is a far superior option for generating the product affordably in locations where grapes and other natural sources cannot be easily acquired. Maleic acid’s olefin double bond undergoes hydroxylation via electrochemical synthesis after undergoing epoxidation and hydrolysis. This process is cost-effective and used widely worldwide to produce synthetic tartaric acid.
Why is the Consumption of tartaric acid in food & beverages expected to grow?
When combined with baking powder, tartaric acid acts as a leavening agent in baked goods, making it a crucial ingredient. It improves fruit flavors and stabilizes batter systems and food color when baked. In addition to serving as buffers to control acidity, antioxidants, and preservatives throughout the wine-making process, tartaric acid extracts act as natural flavor enhancers and food emulsifiers in other culinary products.
Consumers are increasingly choosing natural ingredients over artificial ones in food and beverage goods, which drives the need for naturally extracted tartaric acid.
The increased popularity of sports and protein drinks, nutritional bars, and fruit-flavored beverages, where tartaric acid is employed as an acidulant to offer a sour taste and stabilize the color qualities of the liquid above, all promote the need for tartaric acid.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Due to the presence of several companies, the market is competitive and consolidated. Numerous multinational players engage in planned mergers and acquisitions, geographical expansion, product advancements, and inventions to improve their positions, boost profitability, and simultaneously create creative and sustainable solutions. Major applications in the global market include food, drinks, animal feed, pharmaceuticals, metal cleaning, building materials, and personal care and cosmetics goods.
Due to growing environmental concerns from dangerous chemical products, attention has been drawn to sustainable tartaric acid production. Due to business obstacles such as fluctuating feedstock prices and manufacturing price pressure, the global market has seen several consolidations, including new product developments, mergers and acquisitions, and joint ventures.
The key developments in the Global Tartaric Acid Market are:
A list of some of the key suppliers present in the market are:
Global Tartaric Acid Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Source, Application, Type, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|