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The North America tartaric acid market reached a value of US$ 41.3 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Tartaric acid is a white, crystalline, organic acid that naturally occurs in fruits such as avocados, apples, grapes, apricot, tamarinds, bananas and apricots. It can also be synthetically manufactured using maleic anhydride. Tartaric acid helps in strengthening the immune system of humans as it offers anti-inflammatory and antioxidant properties. Furthermore, it helps in improving intestinal and digestion functions, when consumed in an adequate amount. Owing to this, tartaric acid finds vast applications in the food and beverages, pharmaceuticals, textile industries, etc.
The North America tartaric acid market is currently being driven by several factors. It is employed in the food and beverages industry as an anti-caking, acidulant and anti-microbial agent across its major markets. Besides this, it is also used as an essential food additive, which is combined along with baking soda to enhance the stability and quality of food items. In addition to this, tartaric acid and its derivatives are used as an excipient for drugs to improve solubility levels. This further drives the demand for tartaric acid in the pharmaceuticals industry, thereby stimulating the overall market growth in the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America tartaric acid market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type and end-use.
IMARC Group’s latest report provides a deep insight into the North America tartaric acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America tartaric acid market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, End-Use, Country|
|Countries Covered||United States, Canada, Mexico|
|Customization Scope||10% Free Customization|
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