Tartaric Acid Market size is mainly driven by strong application scope in wine, food, and pharmaceutical industries. In food & beverage sector, it is widely used as additives and preservatives.
It is also called dihydroxybutanedioic acid, mainly found in apricot, apple grapes, tamarind, oranges and banana. It is widely available in three forms namely dextrorotatory, levorotatory, and meso tartaric acid. Tartaric acid and its salts are used as chelating agent, preservatives, flavour enhancer, emulsifier, stabilizer, acidulant, anti-caking agent, pH control agent, and firming agent.
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Tartaric acid imparts sour taste and used as anti-oxidants in fruit juices. Increase in consumer awareness regarding health benefits may stimulate fruit juice consumption. It improves overall health & fitness and builds body immunity. Global fruit juice market size may witness above average gains at 3% by 2024. Fruit juice containing dextrorotatory providing better food digestion, fights flatulence and high nutrient flow in blood stream.
Cream of tartar is a by-product from wine making process and used in food industry for making bread, pastries, cookies and biscuits. It has anti-oxidant property and acts as an acidifier in confectionery products to enhance flavour and quality. Global confectionery market may grow significantly at over 6%. It is used as an acidifying agent in jams, jellies, and candies producing a sour tart taste. Shift in consumer preference towards ready-to-eat bakery food products may drive tartaric acid market size.
Tartaric acid is commonly used in wine making process, which maintain finished product color, taste, and chemical stability. Rise in per-capita disposable income has led to increase in wine consumption. Levorotatory acid acts as preservative and prevent microbial and fungal growth in wine, improves tartness and reduces pH level. Increase in wine production in Italy, Spain, and France should propel industry growth.
Reasons to Buy This Report:
1. Tartaric Acid Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Tartaric Acid Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
North America, driven by the U.S tartaric acid market size will experience a significant growth over the forecast timeframe. Increase in skin & hair care products demand should fuel industry growth. Positive outlook in pharmaceutical and food & beverage industries should favor regional demand.
Europe tartaric acid market size, led by France, Spain, UK, and Germany, may witness significant gains owing to increasing wine production. Greek Wine, Moncaro, Calvados La De are the leading wines produced in the region. Stringent guidelines by EU against Chinese tartaric acid dumping policy may boost regional growth.
Strict regulations on synthetic tartaric acid usage in cosmetics, food & beverage along with declining production mainly in North America and Europe may pose challenge in the industry growth. However, increasing product usage in bread production owing to its emulsifying property may create avenues in the industry growth.
Global tartaric acid market share is fragmented. Major players are Distillerie Bonollo, Tartaros Gonzalo Castello, Caviro Distillerie, Tartatic Chemicals, Richman, Tarac, and Thirumalai.
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