Global Tartaric Acid Market to Reach 140.5 Kilo Tons by 2028, Fostered by Significant Expansion in Wine Industry

November 14, 2022 | Chemical & Materials

IMARC Group’s latest report, titled “Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the global tartaric acid market size reached 113.0 Kilo Tons in 2022. Tartaric acid is a naturally occurring substance found in numerous fruits, such as bananas, avocados, grapes, apricots, apples, and tamarinds. It is generally produced from natural raw materials and can also be synthetically manufactured from maleic anhydride. It possesses anti-inflammatory and antioxidant properties that strengthen the immune system. It works as a leavening agent when combined with baking powder, making it an essential ingredient in baked goods. Additionally, an adequate tartaric acid intake helps enhance intestinal and digestive processes. Currently, tartaric acid and its salt find extensive applications as an acidulant, stabilizer, chelating agent, flavor enhancer, preservative, and emulsifier.

Global Tartaric Acid Market Trends:

Since tartaric acid is widely used as a primary raw material in the winemaking process, the significant expansion in the wine industry represents the primary factor driving the market growth. Moreover, the rising applications of tartaric acid in the food and beverage (F&B) sector as an acidulant, anti-microbial, flavor enhancer, and anti-caking agent are positively influencing the market growth. Additionally, there has been a rise in product usage for enhancing the flavor of carbonated beverages and as a preservative and emulsifier in bakery goods. In line with this, the escalating demand for tartaric acid for numerous industrial applications, including ceramics manufacturing, tanning, textile printing, and photography, is another major growth-inducing factor. Besides this, the surging adoption of tartaric acid and its derivates in the pharmaceutical industry as an ingredient in antibiotics, drugs for heart diseases, effervescent powders and tablets, and excipient for medicines with poor solubility at higher pH levels has augmented the product demand. Apart from this, the rising consumer awareness about the health benefits of tartaric acid, including enhancing energy levels, boosting metabolism, and improving collagen production, is contributing to the market growth. Furthermore, the increasing product use as a set-retardant and anti-solidifying agent in cement manufacturing and as an anti-caking agent in gypsum processing is propelling the market growth. Other factors, including emerging applications in the cosmetics sector, rapid growth in the pharmaceutical industry, and ongoing product innovations, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach 140.5 Kilo Tons by 2028, expanding at a CAGR of 3.6% during 2023-2028.

Market Summary:

Based on the end use, the market has been classified into food and beverages and non-food applications.
Region-wise, the market has been segregated into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion, '000 Tons
Segment Coverage	End-Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
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Global Tartaric Acid Market to Reach 140.5 Kilo Tons by 2028, Fostered by Significant Expansion in Wine Industry

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