Global Tartaric Acid Market is anticipated to grow with a growth rate of more than 5% over the forecast period 2023-2030. Tartaric acid is a strong dicarboxylic acid of plant origin. It is a naturally occurring white, crystalline organic acid found in a variety of fruits, including grapes, tamarinds, citrus, and others. Wine lees can be used to purify tartaric acid, a chemical molecule that naturally exists in a variety of plants. It is the second most prevalent non-volatile acid in grapes after acetic acid in terms of concentration. Citric and malic acids are the other two main acids that can be detected in wine. The drivers that are boosting the market growth is increasing demand from Cosmetics Industry, growing awareness of people towards Clean Label & Natural Products and the demand of tartaric acid in producing wine.
According to Cosmetic Europe, the personal care association, the cosmetics and personal care industry yearly adds at least EUR 29 billion (USD 34 billion) to the EU economy. One of the biggest markets for cosmetics in Europe is Germany. German body care and cosmetics companies made close to EUR 790 million (USD 920 million) in revenue in 2021. Consumers are increasingly demanding clean label and natural products, free from artificial additives and preservatives. Tartaric acid, being a naturally occurring compound found in many fruits, fits well within the clean label trend. Its use as a natural acidulant and flavor enhancer aligns with consumer preferences for healthier and more natural food and beverage options. The U.S. Food and Drug Administration (FDA) has classified tartaric acid as a Generally Recognized as Safe (GRAS) substance for direct addition to food. Moreover, the growing demand of tartaric acid in the pharmaceutical industry for the formulations of antibiotics, treatments for heart conditions, therapeutic chemicals and other medications along with the rising awareness among individuals about health benefits of tartaric acid may create abundant opportunities in the market in the future. However, the high production cost of Tartaric Acid stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Tartaric Acid Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share attributing to growing demand of tartaric acid as an acidifier for processed food products, well-established food and beverage industry and technological advancements with product innovations in the tartaric acid industry. However, Asia Pacific is expected to be the fastest growing region during the forecast period, owing to the large population. The region's market is expected to be driven by an exponential rise in demand from the food and beverage industry as a result of rising population and consumer spending.
Major market player included in this report are:
- ATPGroup
- Anhui Hailan Bio-technology Co., Ltd
- Changmao Biochemical Engineering Company Limited
- Giovanni Randi SpA
- Dastech International Inc.
- Distillerie Mazzari
- Ningbo Jinzhan Biotechnology Co., Ltd.
- The Tartaric Chemicals Corporation
- Tarac Technologies
- Omkar Speciality Chemicals Ltd
Recent Developments in the Market:
- In April 2023, Merck & Co. announced that they will acquire Prometheus Biosciences Inc. for $10.8 billion, taking on a potential experimental therapy for Crohn's and ulcerative colitis and expanding its presence in immunology.
- In February 2022, Alvinesa Natural Ingredients, a leader in agriculture's circular economy, acquired Cades Penedes, the leading Catalan manufacturer of sustainable ingredients created from grapes.
- In February 2022, Arsenal Capital Partners ("Arsenal") acquired ATP Group ("ATP") from Bregal Unternehmerkapital ("BU").
Global Tartaric Acid Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, End-User Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Natural Tartaric Acid
- Synthetic Tartaric Acid
By Application:
- Preservative & Additive
- Laxative
- Intermediate
- Other Applications
By End-User Industry:
- Food & Beverage
- Pharmaceutical
- Cosmetics
- Construction
- Other End-User Industries
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Tartaric Acid Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Tartaric Acid Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Tartaric Acid Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Tartaric Acid Market, by End-User Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Tartaric Acid Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Tartaric Acid Market Dynamics
- 3.1. Tartaric Acid Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand from Cosmetics Industry
- 3.1.1.2. Growing awareness of clean label & natural products
- 3.1.1.3. Highly used in wine production
- 3.1.2. Market Challenges
- 3.1.2.1. High production cost of Tartaric Acid
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand in the Pharmaceutical Industry
- 3.1.3.2. Rising awareness about health benefits of Tartaric Acid
Chapter 4. Global Tartaric Acid Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Tartaric Acid Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Tartaric Acid Market by Type, Performance - Potential Analysis
- 5.3. Global Tartaric Acid Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Tartaric Acid Market, Sub Segment Analysis
- 5.4.1. Natural Tartaric Acid
- 5.4.2. Synthetic Tartaric Acid
Chapter 6. Global Tartaric Acid Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Tartaric Acid Market by Application, Performance - Potential Analysis
- 6.3. Global Tartaric Acid Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Tartaric Acid Market, Sub Segment Analysis
- 6.4.1. Preservative & Additive
- 6.4.2. Laxative
- 6.4.3. Intermediate
- 6.4.4. Other Applications
Chapter 7. Global Tartaric Acid Market, by End-User Industry
- 7.1. Market Snapshot
- 7.2. Global Tartaric Acid Market by End-User Industry, Performance - Potential Analysis
- 7.3. Global Tartaric Acid Market Estimates & Forecasts by End-User Industry 2020-2030 (USD Billion)
- 7.4. Tartaric Acid Market, Sub Segment Analysis
- 7.4.1. Food & Beverage
- 7.4.2. Pharmaceutical
- 7.4.3. Cosmetics
- 7.4.4. Construction
- 7.4.5. Other End-User Industries
Chapter 8. Global Tartaric Acid Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Tartaric Acid Market, Regional Market Snapshot
- 8.4. North America Tartaric Acid Market
- 8.4.1. U.S. Tartaric Acid Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-User Industry breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Tartaric Acid Market
- 8.5. Europe Tartaric Acid Market Snapshot
- 8.5.1. U.K. Tartaric Acid Market
- 8.5.2. Germany Tartaric Acid Market
- 8.5.3. France Tartaric Acid Market
- 8.5.4. Spain Tartaric Acid Market
- 8.5.5. Italy Tartaric Acid Market
- 8.5.6. Rest of Europe Tartaric Acid Market
- 8.6. Asia-Pacific Tartaric Acid Market Snapshot
- 8.6.1. China Tartaric Acid Market
- 8.6.2. India Tartaric Acid Market
- 8.6.3. Japan Tartaric Acid Market
- 8.6.4. Australia Tartaric Acid Market
- 8.6.5. South Korea Tartaric Acid Market
- 8.6.6. Rest of Asia Pacific Tartaric Acid Market
- 8.7. Latin America Tartaric Acid Market Snapshot
- 8.7.1. Brazil Tartaric Acid Market
- 8.7.2. Mexico Tartaric Acid Market
- 8.8. Middle East & Africa Tartaric Acid Market
- 8.8.1. Saudi Arabia Tartaric Acid Market
- 8.8.2. South Africa Tartaric Acid Market
- 8.8.3. Rest of Middle East & Africa Tartaric Acid Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. ATPGroup
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Anhui Hailan Bio-technology Co., Ltd
- 9.3.3. Changmao Biochemical Engineering Company Limited
- 9.3.4. Giovanni Randi SpA
- 9.3.5. Dastech International Inc.
- 9.3.6. Distillerie Mazzari
- 9.3.7. Ningbo Jinzhan Biotechnology Co., Ltd.
- 9.3.8. The Tartaric Chemicals Corporation
- 9.3.9. Tarac Technologies
- 9.3.10. Omkar Speciality Chemicals Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption