Tartaric acid is a naturally occurring substance found in various fruits, such as grapes, apricots, apples, bananas, avocados and tamarinds. It has anti-oxidant and anti-inflammatory properties, which provide benefits to the immune system. Moreover, an adequate consumption of tartaric acid helps in improving digestion and intestinal functions. Although it is mainly manufactured from natural raw materials, it can also be produced synthetically from maleic anhydride. The latest report by IMARC Group titled, “Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” finds that the global tartaric acid market size reached a value of around US$ 318 Million in 2019.
The market for tartaric acid is driven primarily by its diverse uses, particularly in the food and beverage industry. In the food industry, it is used as an acidulant, anti-microbial agent and anti-caking agent. It also serves as an essential food additive, commonly combined with baking soda to function as a leavening agent in recipes to enhance their quality and stability. Apart from this, tartaric acid and its derivates are used in the pharmaceuticals industry as an excipient for drugs with poor solubility at higher pH levels. Some of the industrial applications of tartaric acid include the manufacturing of ceramics, textile printing, tanning, photography, etc. Looking forward, IMARC Group expects the global tartaric acid market to exhibit moderate growth during the next five years.
The report has segmented the market on the basis of end-use, including food and beverage and non-food industries. The report also provides an evaluation of the market on a regional basis, covering Europe, North America, Middle East and Africa, Asia Pacific and Latin America. An analysis of the competitive landscape has also been provided which gives the details of the key players operative in the market.
This report provides a deep insight into the global tartaric acid industry 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. The report also provides a comprehensive analysis for setting up a tartaric acid manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, 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 tartaric acid industry in any manner.
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