Growing Demand for Wine in the Asia-Pacific and Latin American Regions
The wine industry is one of the fastest growing industries in the Asia-Pacific region and is directly related to the consumption of tartaric acid. The increase in demand is further aided by the local wine manufacturers, coupled with the growing tourism in these Southeast Asian countries. Furthermore, the industry expects to witness a rise in alcohol consumption across the entire sub-region. Thailand and Singapore are the main countries that are influenced by tourism; these countries are expanding vineyards to increase the accessibility to the locals and the international tourists. These factors are expected to have a positive impact on the global tartaric acid market in the coming years.
Pharmaceutical is one of the Fastest Growing Segment
Tartaric acid is widely used in the pharmaceutical segment. This is owing to its characteristic property of enhancing the taste of medicine, making it the material of choice for use in the pharmaceutical industry. Tartaric acid and its derivatives are widely used in making effervescent salts, which are formed when combined with citrates. The pharmaceutical industry is expected to be the one of the fastest growing segments by end-user industry in the global tartaric acid market due to the rise in medicine demand globally.
Europe is the largest Consumer
In 2017, Europe accounted for the largest share of the regional market for tartaric acid. Consumption of tartaric acid in foods and beverages in developing markets is expected to grow, along with the increasing demand for processed food and beverages. European countries like Germany and the United Kingdom are expected to witness slower growth rate during the forecast period. However, the growing demand from pharmaceuticals and packaged foods, coupled with the rising living standards, are expected to fuel the market. Increasing penetration of tartaric acid in European industries for chelating agents, is also expected to complement the already high demand for wine production in Italy, Spain, and France.
Major Players: Distellerie Mazzari S.p.A, Australian Tartaric Products (ATP), Caviro Distillerie, Ninghai Organic Chemical Factory, and Innovatra, amongst others.
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1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis and Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
184.108.40.206 Major Plants and Locations (Installed Capacities)
3.8 Upcoming Projects
3.9 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Growing Demand for Wine in the Asia-Pacific and Latin American Regions
4.1.2 Increased Adoption of Microencapsulation Across Pharmaceuticals and Food Industries
4.1.3 Growing Demand from Packaged Food Industry
4.2.1 High Price of Tartaric Acid in the European market
4.2.2 Increasing Government Regulations for Restricted Use of Synthetic Tartaric Acid in Food Industry
4.3.1 Adoption of Tartaric Acid in Niche Application, such as, Chelating Agents
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, CAGR, and Forecast)
5.1 By Type
5.1.1 Natural Tartaric Acid
5.1.2 Synthetic Tartaric Acid
5.2 By Application
5.2.1 Preservative and Additive
5.3 By End-user Industry
5.3.1 Food & Beverage
6. Regional Market Analysis (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.4 Rest of North America
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East and Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 American Tartaric Products Inc.
9.2 Anhui Hailan Biotechnology Co. Ltd
9.3 Australian Tartaric Products
9.4 Caviro Distillerie
9.5 Changmao Biochemical
9.6 Chemical Industry Valencian
9.7 Dastech International Inc.
9.8 Derivados Vinicos SA
9.9 Distellerie Mazzari SpA
9.10 Giovanni Randi SpA
9.11 Industria Chimica Valenzana SpA
9.13 Ninghai Organic Chemical Factory
9.14 Noah Technologies Corporation
9.15 Omkar Speciality Chemicals Ltd
9.16 Richman Chemical Inc.
9.17 Tarac Technologies
9.18 Tarcol SA
9.19 Tártaros Gonzalo Castelló
9.20 The Tartaric Chemicals Corporation
9.21 Thirumalai Chemicals
9.22 U.S. Chemicals LLC
9.23 Vinicas Inc.
*List not Exhaustive
** Subject to Availability in Public Domain
- American Tartaric Products Inc.
- Anhui Hailan Bio-technology Co. ltd.
- Australian Tartaric Products
- Caviro Distillerie
- Changmao Biochemical
- Chemical Industry Valencian
- Dastech International Inc.
- Derivados Vinicos SA
- Distellerie Mazzari SpA
- Giovanni Randi SpA
- Industria Chimica Valenzana SpA
- Ninghai Organic Chemical Factory
- Noah Technologies Corporation
- Omkar Speciality Chemicals Ltd.
- Richman Chemical Inc.
- Tarac Technologies
- Tarcol SA
- Tártaros Gonzalo Castelló
- The Tartaric Chemicals Corporation
- Thirumalai Chemicals
- U.S. Chemicals LLC
- Vinicas Inc.