According to IMARC Group latest report titled “Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on tartaric acid market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global tartaric acid market size reached 113.0 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 140.5 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
Tartaric acid is a naturally occurring organic acid that plays a pivotal role in various industries, including food and beverage, pharmaceuticals, and cosmetics. This crystalline compound is found in grapes, bananas, and tamarinds, among other natural sources, and is often used as an acidulant and stabilizing agent in a wide range of products. In the food and beverage sector, tartaric acid contributes to the tangy taste of certain foods and beverages, such as the cream of tartar in baking and wine production. It also serves as a key ingredient in the pharmaceutical industry, where it is utilized in the formulation of medicines and as an acidifier in effervescent tablets.
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Market Trends:
The global tartaric acid market is propelled by significant growth in the food and beverages industry. The demand for clean labels and natural ingredients in food products has led to increased utilization of tartaric acid as an alternative to synthetic acids. Moreover, the cosmetics and personal care industry is witnessing a surge in the use of tartaric acid in skincare products, where it acts as an exfoliant and pH adjuster. Consumer preferences for natural and eco-friendly cosmetics are driving this trend. Furthermore, the tartaric acid market is influenced by its applications in the wine industry, where it is used in winemaking for acidity adjustment and as a crystallization inhibitor.
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Tartaric Acid Market Segmentation:
Our report has categorized the market based on region and end use industry.
Breakup by End Use Industry:
- Food and Beverages
- Non-Food Applications
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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