Tartaric Acid Market by Source, Type, Application, and Region - Global Forecast to 2022

  • ID: 4450214
  • Report
  • Region: Global
  • 121 Pages
  • Markets and Markets
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The Tartaric Acid Market is Estimated to Be Valued at USD 215.7 Million in 2017, and is Projected to Reach USD 285.6 Million by 2022, at a CAGR of 5.77%

FEATURED COMPANIES

  • ATP Group
  • Caviro Group
  • Derivados Vinicos
  • Distillerie Bonollo
  • Distillerie Mazzari
  • Industrias Vinicas
  • MORE

“Tartaric acid market is projected to grow at a CAGR of 5.77%, in terms of value”

The tartaric acid market is estimated to be valued at USD 215.7 million in 2017, and is projected to reach USD 285.6 million by 2022, at a CAGR of 5.77%. Factors such as the growing wine industry due to its increasing consumption, mainly in the Asia Pacific, and South American countries considered in RoW, contribute toward the tartaric acid market growth. Tartaric acid content in wine is the maximum among other beverages, whether alcoholic or non-alcoholic. The increase in government regulations in various countries restricts the use of synthetic tartaric acid in food- and pharmaceutical-grade applications, which in turn restrains the market growth.

“Grapes & sun-dried raisins segment is projected to be the fastest-growing in the tartaric acid market”

Grapes are largely used for wine making; growth in the wine industry in terms of consumption is attributed to the larger market share of grapes & sun-dried raisins as the concentration of tartaric acid in grapes is the highest as compared to other fruits such as apricots and apples. European countries constitute a majority of grapes produced across the globe, of which a significant amount goes for the manufacturing of tartaric acid. Tartaric acid is also procured from the wine making process in the form of crystals, which are further processed to make tartaric acid.

Grapes and dried grapes, known as raisins, are the only fruits containing significant levels of tartaric acid in the temperate regions of the world as compared to other fruits containing tartaric acid such as apricots, tamarind, and apples. Sun-dried raisins have beneficial effects due to their fiber content. To maintain a healthy digestive system, tartaric acid and fiber in raisins work synergistically.

“Natural tartaric acid segment is projected to be the fastest-growing in the tartaric acid market”

Natural tartaric acid is derived from fruits such as grapes and sun-dried raisins, and other sources such as bananas, tamarind, and apricots. The growing food and pharmaceutical industries imposes a high demand for tartaric acid. Natural tartaric acid is majorly used in food and pharmaceuticals, and is labeled as food-grade tartaric acid. Natural tartaric acid is chiral in nature (molecules of the tartaric acid are non-superimposable on their mirror images).

“Food & beverage is projected to be the fastest-growing segment in the tartaric acid market”

The food & beverage segment held the largest share in 2016. This segment is also projected to grow at the highest CAGR during the forecast period. The growing demand for packaged food in economies around the world is expected to boost the market growth during the forecast period. Tartaric acid, especially food grade, is used in the baking of breads and cakes. Due to its acidic properties, it is used in baking powder with baking soda. Tartaric acid is also useful in the manufacture of confectionery items such as candies.

“European region held the largest share of the tartaric acid market in 2016”

The European region held the largest share in 2016, followed by the North American region, in value terms. This is due to better consumption levels for wine and other food items, where tartaric acid acts as one of the key ingredients. The increasing penetration of tartaric acid in European industries, for chelating agents, is also expected to fuel the already high demand for tartaric acid in the region.

Break-up of primaries:

  • By Company Type: Tier 1 - 33 %, Tier 2 - 28%, and Tier 3 - 39%
  • By Designation: C level - 30%, Director level - 21%, and Others - 49%
  • By Region: North America - 25%, Europe - 30%, Asia Pacific - 40%, and RoW - 5%

The tartaric acid market is dominated by key players such as Caviro Group (Italy), ATP Group (US), Merck (Germany), Omkar Specialty Chemicals (India), Changmao Biochemical Engineering (China), Tarac Technologies (Australia), PAHI (Spain), Distillerie Mazzari (Italy), Distillerie Bonollo (Italy), and Derivados Vinicos (Argentina).

Research Coverage

The report analyzes the tartaric acid market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, source, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall tartaric acid market and its submarkets. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the market and provides them information on the key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • ATP Group
  • Caviro Group
  • Derivados Vinicos
  • Distillerie Bonollo
  • Distillerie Mazzari
  • Industrias Vinicas
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered for the Study
1.5 Currency
1.6 Unit Considered for the Study
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Research Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Tartaric Acid Market
4.2 Europe: Tartaric Acid Market, By Source & Country
4.3 Tartaric Acid Market, By Source & Region
4.4 Tartaric Acid Market, By Application & Region
4.5 Tartaric Acid Market, By Country/Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Multiple Functionalities Across Different Industries
5.2.1.2 R&D and Technological Innovations
5.2.1.3 Growth in the Wine Industry
5.2.2 Restraints
5.2.2.1 Restricted Use of Synthetic Tartaric Acid in Various Applications
5.2.3 Opportunities
5.2.3.1 Production of Tartaric Acid Through Cost-Effective Methods
5.2.3.2 Less Stringent Regulations
5.2.4 Challenges
5.2.4.1 Infrastructural Challenges in Developing Countries
5.2.4.2 Less Availability of Raw Materials Results in Higher Production Costs
5.3 Supply Chain Analysis
5.4 Regulatory Framework
5.4.1 North America
5.4.1.1 US
5.4.2 Europe
5.5 Tartaric Acid Market, By Function
5.5.1 Flavor Enhancing
5.5.2 Emulsifying
5.5.3 Anticaking
5.5.4 Preservative

6 Tartaric Acid Market, By Source
6.1 Introduction
6.2 Grapes & Sun-Dried Raisins
6.3 Maleic Anhydride
6.4 Others

7 Tartaric Acid Market, By Type
7.1 Introduction
7.2 Natural
7.3 Synthetic

8 Tartaric Acid Market, By Application
8.1 Introduction
8.2 Food & Beverages
8.3 Pharmaceuticals
8.4 Cosmetics & Personal Care Products
8.5 Others

9 Tartaric Acid Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Italy
9.3.2 Spain
9.3.3 France
9.3.4 Germany
9.3.5 UK
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 Rest of Asia Pacific
9.5 RoW
9.5.1 South America
9.5.2 Middle East
9.5.3 South Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.3 Company Product Offerings, By End-Use Application
10.4 Competitive Scenario
10.4.1 Expansions and Acquisitions

11 Company Profiles
11.1 Merck
(Business Overview, Products Offered, and SWOT Analysis)
11.2 Changmao Biochemical Engineering
11.3 Omkar Specialty Chemicals
11.4 Caviro Group
11.5 ATP Group
11.6 Tarac Technologies
11.7 Pahi
11.8 Distillerie Mazzari
11.9 Distillerie Bonollo
11.10 Derivados Vinicos
11.11 Industrias Vinicas
11.12 Tártaros Gonzalo Castelló
Details on Business Overview, Products Offered, and SWOT Analysis Might Not Be Captured in Case of Unlisted Companies

12 Appendix
12.1 Discussion Guide

List of Tables
Table 1 US Dollar Exchange Rate Considered for the Study, 2014-2016
Table 2 Tartaric Acid Market Size, By Source, 2015-2022 (USD Million)
Table 3 Tartaric Acid Market Size, By Source, 2015-2022 (KT)
Table 4 Grapes & Sun-Dried Raisins: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 5 Grapes & Sun-Dried Raisins: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 6 Maleic Anhydride: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 7 Maleic Anhydride: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 8 Others: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 9 Others: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 10 Tartaric Acid Market Size, By Type, 2015-2022 (USD Million)
Table 11 Tartaric Acid Market Size, By Type, 2015-2022 (KT)
Table 12 Natural: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 13 Natural: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 14 Synthetic: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 15 Synthetic: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 16 Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 17 Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 18 Food & Beverages: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 19 Food & Beverages: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 20 Pharmaceuticals: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 21 Pharmaceuticals: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 22 Cosmetics & Personal Care Products: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 23 Cosmetics & Personal Care Products: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 24 Other Applications: Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 25 Other Applications: Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 26 Tartaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 27 Tartaric Acid Market Size, By Region, 2015-2022 (KT)
Table 28 North America: Tartaric Acid Market Size, By Source, 2015-2022 (USD Million)
Table 29 North America: Tartaric Acid Market Size, By Source, 2015-2022 (KT)
Table 30 North America: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 31 North America: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 32 North America: Tartaric Acid Market Size, By Type, 2015-2022 (USD Million)
Table 33 North America: Tartaric Acid Market Size, By Type, 2015-2022 (KT)
Table 34 North America: Tartaric Acid Market Size, By Country, 2015-2022 (KT)
Table 35 US: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 36 US: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 37 Canada: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 38 Canada: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 39 Mexico: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 40 Mexico: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 41 Europe: Tartaric Acid Market Size, By Source, 2015-2022 (USD Million)
Table 42 Europe: Tartaric Acid Market Size, By Source, 2015-2022 (KT)
Table 43 Europe: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 44 Europe: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 45 Europe: Tartaric Acid Market Size, By Type, 2015-2022 (USD Million)
Table 46 Europe: Tartaric Acid Market Size, By Type, 2015-2022 (KT)
Table 47 Europe: Tartaric Acid Market Size, By Country, 2015-2022 (USD Million)
Table 48 Europe: Tartaric Acid Market Size, By Country, 2015-2022 (KT)
Table 49 Italy: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 50 Italy: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 51 Spain: Tartaric Acid Market Size, By Application, 2015-2022(USD Million)
Table 52 Spain: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 53 France: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 54 France: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 55 Germany: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 56 Germany: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 57 UK: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 58 UK: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 59 Rest of Europe: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 60 Rest of Europe: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 61 Asia Pacific: Tartaric Acid Market Size, By Source, 2015-2022 (USD Million)
Table 62 Asia Pacific: Tartaric Acid Market Size, By Source, 2015-2022 (KT)
Table 63 Asia Pacific: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 64 Asia Pacific: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 65 Asia Pacific: Tartaric Acid Market Size, By Type, 2015-2022 (USD Million)
Table 66 Asia Pacific: Tartaric Acid Market Size, By Type, 2015-2022 (KT)
Table 67 Asia Pacific: Tartaric Acid Market Size, By Country, 2015-2022 (USD Million)
Table 68 Asia Pacific: Tartaric Acid Market Size, By Country, 2015-2022 (KT)
Table 69 China: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 70 China: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 71 Japan: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 72 Japan: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 73 India: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 74 India: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 75 Australia: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 76 Australia: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 77 Rest of Asia Pacific: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 78 Rest of Asia Pacific: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 79 RoW: Tartaric Acid Market Size, By Source, 2015-2022 (USD Million)
Table 80 RoW: Tartaric Acid Market Size, By Source, 2015-2022 (KT)
Table 81 RoW: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 82 RoW: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 83 RoW: Tartaric Acid Market Size, By Type, 2015-2022 (USD Million)
Table 84 RoW: Tartaric Acid Market Size, By Type, 2015-2022 (KT)
Table 85 RoW: Tartaric Market Size, By Country/Region, 2015-2022 (USD Million)
Table 86 RoW: Tartaric Acid Market Size, By Country/Region, 2015-2022 (KT)
Table 87 South America: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 88 South America: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 89 Middle East: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 90 Middle East: Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 91 South Africa: Tartaric Acid Market Size, By Application, 2015-2022 (USD Million)
Table 92 South Africa Tartaric Acid Market Size, By Application, 2015-2022 (KT)
Table 93 Tartaric Acid Market Ranking, 2016
Table 94 Expansions and Acquisitions, 2015-2017

List of Figures
Figure 1 Tartaric Acid Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Tartaric Acid Market: Research Design
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Tartaric Acid Market: Data Triangulation
Figure 7 Tartaric Acid Market Size, By Source, 2017 vs 2022 (USD Million)
Figure 8 Tartaric Acid Market Size, By Application, 2017-2022 (USD Million)
Figure 9 Tartaric Acid Market Size, By Type, 2017-2022 (USD Million)
Figure 10 Tartaric Acid Market Share, By Region
Figure 11 Increase in Multifunctionality Across Different Industries Drives the Demand for Tartaric Acid
Figure 12 Grapes & Sun-Dried Raisins and Italy Accounted for the Largest Shares in 2016
Figure 13 Europe to Be the Dominant Region in the Tartaric Acid Market From 2017 to 2022
Figure 14 Food & Beverages Segment to Be the Fastest-Growing During the Forecast Period
Figure 15 European Countries to Dominate the Tartaric Acid Market, 2017-2022
Figure 16 Tartaric Acid Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 European Union Area Under Wine Production, 2016
Figure 18 Global Wine Consumption, 2015
Figure 19 Supply Chain Analysis of the Tartaric Acid Industry
Figure 20 Grapes & Sun-Dried Raisins Segment is Projected to Dominate the Tartaric Acid Market, By Source, 2017-2022 (USD Million)
Figure 21 Natural Tartaric Acid Market to Grow at A Higher CAGR During the Forecast Period
Figure 22 Food & Beverage is Projected to Dominate the Tartaric Acid Market, By Application Through 2022 (USD Million)
Figure 23 Europe: Tartaric Acid Market Snapshot
Figure 24 Asia Pacific: Tartaric Acid Market Snapshot
Figure 25 Developments of Leading Players in the Tartaric Acid Market (2012-2017)
Figure 26 Merck: Company Snapshot
Figure 27 Changmao Biochemical Engineering: Company Snapshot
Figure 28 Omkar Specialty Chemicals: Company Snapshot

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  • ATP Group
  • Caviro Group
  • Changmao Biochemical Engineering
  • Derivados Vinicos
  • Distillerie Bonollo
  • Distillerie Mazzari
  • Industrias Vinicas
  • Merck
  • Omkar Specialty Chemicals
  • Pahi
  • Tarac Technologies
  • Tártaros Gonzalo Castelló
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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