Global Market Study on Tartaric Acid: Surging Wine Industry to Heighten Demand Over Coming Years


Tartaric Acid  Market
  • Published On : Sep-2020 |
  • Pages : 240 Pages |
  • Format : Tartaric Acid  Market Tartaric Acid  Market Tartaric Acid  Market Tartaric Acid  Market

Tartaric acid is extremely important for the manufacturing of wine, as it helps in controlling their acidity level. Food manufacturers also prefer tartaric acid due to its natural properties, since it is sourced only from grapes or wine residue. Rise in the consumption of wine around the world is a key factor for the expansion of the tartaric acid market size. Increasing urban population and Western lifestyle across countries such as India and China are other major reasons for the high consumption of wine, which is fueling the growth of the tartaric acid market as well.

Demand for tartaric acid has evolved in the food industry over the past decade, driven by high demand for additives from food manufacturers. Manufacturers in the tartaric acid market space are investing in research & development for sourcing tartaric acid from other sources. Such investments will boost the growth prospects of the global tartaric acid market through 2030.

Growing Food Industry Supporting Tartaric Acid Market Expansion

The food industry is one of the fastest-growing industries across the globe, which is giving opportunities to new entrants in the market. The tartaric acid market is a consolidated market space, with limited manufacturers and established players focusing on strengthening their production capacities. Tartaric acid is in great demand from the confectionery industry for the industrial preparation of biscuits and snacks, and as a leavening agent in baking and dessert preparation.

Wide Applicability in Food & Beverages Sector

Rapidly growing food & beverage industry across the globe is a major reason for the high demand for tartaric acid at present. Tartaric acid is a versatile ingredient, and is used as an emulsifier, dough conditioner, acidifying agent, and bulking agent. Tartaric acid is used as an acidifier in many products to regulate their acidity. Bakers use tartaric acid to improve the dough and also increase the shelf life of baked goods. Tartaric acid is also used as a natural preservative in jams & jellies, and also beverages such as carbonated drinks and fruit juices.

Regional Outlook of Tartaric Acid Market

Europe holds the largest tartaric acid market share among all regions, owing to the large number of wine producers present in the region. Rising consumption of processed foods and unique beverages, owing to increase in urban population in South Asia, is creating lucrative growth opportunities for new market entrants. 

Market players are expanding production capacities to meet the requirements of customers and also adopting acquisition strategies to grow in the market. Many wine makers are focusing on circular economy and establishing their own distilleries to reuse waste obtained from wine making. Tier-1 players are focusing on strengthening their production facilities by installing advanced equipment to increase production capacity as well as provide high standard products to clients.

Impact of COVID-19 on Tartaric Acid Market

The COVID-19 outbreak has affected almost all industries across regions, as most of the manufacturing companies are either closed or are operating with limited production and staff. Despite all this, demand for food remained. High sales of food and beverages was observed, which made manufacturers change their sales methods and shift to online platforms. However, manufacturers will now have to redefine the supply chain structure. They are changing sourcing patterns and may focus on local providers instead of sourcing from other regions. The COVID-19 outbreak has slowed down various businesses in most regions. Europe has been highly impacted by coronavirus, which may have a moderate impact on the tartaric acid market.

Analysts’ Viewpoint

The global tartaric acid market is expected to witness decent growth during the forecast period of 2020-2030, as South Asia is anticipated to offer growth opportunities for the same period. Rising consumption of wine and processed foods is fueling the global tartaric acid market. Due to the expanding wine industry, the tartaric acid market is estimated to witness 1.5X growth in volume over the forecast period. The market for tartaric acid in wine making applications is expected to reach a total volume of 51KT by the end of 2030.

Tartaric Acid Market: Report Scope

The latest market report by Persistence Market Research on the global tartaric acid market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global tartaric acid market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global tartaric acid market. This market study contains detailed insights how the global tartaric acid market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global tartaric acid market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with tartaric acid. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global tartaric acid market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global tartaric acid  market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the tartaric acid market. Furthermore, new and emerging players in the global tartaric acid market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global tartaric acid market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global tartaric acid market. All stakeholders in the global tartaric acid market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Tartaric Acid Market

PMR’s report on the global tartaric acid market offers information divided into three segments – function, application, and region.

Function

Application

Region

  • Acidifiers
  • Wine Industry
  • North America
  • Emulsifiers
  • Food & Beverages
    • Bakery
    • Jam & Jellies
    • Carbonates Drinks
    • Fruit Juices
    • Others
  • Latin America
  • Preservatives
  • Europe
  • Flavor Enhancers
  • South Asia
  • Others
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in PMR’s Global Tartaric Acid Market Report

  • Which region will hold the highest market share in the global tartaric acid market during the forecast period?
  • Which region will show the highest growth (CAGR)?
  • Which factors are impacting the global tartaric acid market?
  • What are the global trends impacting the tartaric acid market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the tartaric acid market?
  • What is the market structure of the global tartaric acid market?

Global Tartaric Acid Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global tartaric acid market, and reach conclusions about the future growth factors of the market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Tartaric Acid Market Report

  • Distillerie Mazzari S.p.A
  • Tarac Technologies.
  • Tártaros Gonzalo Castelló S.L. 
  • Derivados Vínicos S.A
  • Giovanni Randi S.p.A
  • Industria Chimica Valenzana
  • Alvinesa Natural Ingredients
  • Caviro Extra S.p.A
  • Distillerie Bonollo SpA
  • Comercial Quimica Sarasa SL
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