Tartaric Acid Market Size 2022

1. Tartaric Acid Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2024

2. The increasing demand for wine across the world is expected to foster global tartaric acid market share in the coming years. Addition of tartaric acid in wine tends to give it a key taste that attracts a large number of customers to the product. Tartaric acid is essentially known as 2,3-dihydroxybutanedioic acid and is a white crystalline organic acid. It is generally produced with the help of raw materials that are both sourced naturally and synthetically made. • The acid is widely applicable in few sectors such as food & beverage as it offers a distinct taste to human-consumables. Grapes and sun-dried raisins happen to be some of the naturally available sources of rich tartaric acid. It can also be produced with the help of maleic anhydride artificially. Whereas natural tartaric acid has applications in pharmaceuticals, food & beverage and wine, synthetic tartaric acid has limited applications in personal care goods, cosmetics, and construction chemicals. • Industry players such as Caviro, Tarac Technologies, Omkar Speciality Chemicals Ltd, S.L., Tártaros Gonzalo Castelló, Vinicas, DistillerieMazzari, Merck KGaA and DerivadosVinicos have been involved in the distribution of the product as well as undertake expansion of the production capacity to capture market share.

3. Global tartaric acid market size is expected to surpass USD 600 million by the year 2024. Researchers have predicted that there will a notable increase in the demand for tartaric acid within the construction, pharmaceutical, FMCG and food & beverage applications. Wines recorded a global consumption of 24 billion liters over the span of 2015 and the segment is expected to witness rise with CAGR of over 3% till 2018. • With the ostensible increase in the consumption of wine across the world, it has been notably favoring the tartaric acid demand growth in conjunction with the FMCG segment. There has been an escalating demand for nutritional beverages as well as processed food products across countries in both Europe and Asia Pacific that includes as Spain, Italy and France and Japan, Australia and China respectively. • This will lead to rising demand from food & beverage applications which has been predicted to increasingly contribute towards tartaric acid market trends. There has been a surge in the production operations for wine in countries such as Italy, Spain and France that shall help support the regional growth in the future. • Browse Full Report Description @ https://www.gminsights.com/industry-analysis/tartaric-acid-market • Europe tartaric acid market had covered over a significant industry share over the year 2016 and is expected to show similar expansion outlook through 2024.

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