According to IMARC Group latest report titled” Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 2.55 Billion in 2020. The global Tartaric Acid Market to grow at a CAGR of around 6% during 2021-2026. Tartaric acid is naturally found in fruits like grapes, apples, apricots, avocados, bananas, and tamarinds. It has antioxidants and anti-inflammatory properties and can be prepared synthetically using maleic anhydride. Its adequate consumption aids in improving digestion and intestinal functions. As a result, tartaric acid and its salts are used as preservatives, acidulants, stabilizers, chelating agents. and emulsifiers worldwide.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
Tartaric acid finds extensive applications in the food and beverage (F&B) industry. It is used as an acidulant, anti-microbial agent and anti-caking agent. It also serves as an essential food additive, which is commonly combined with baking soda to function as a leavening agent in different recipes for enhancing their quality and stability. Besides this, tartaric acid is employed in the pharmaceutical industry as an excipient for drugs with poor solubility at higher pH levels. This, along with the expanding industrial applications of tartaric acid, is strengthening the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Caviro
- Changmao Biochemical Engineering Company Ltd.
- Hangzhou Bioking Chemical Engineering Company Ltd.
- Industrias Vinicas
- Legre Mante
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 (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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