Lucintel Forecasts Tartaric Acid Market to Grow a CAGR of 5%-6%

According to the recent study the tartaric acid market is projected to grow at a CAGR of 5%-6% from 2020 to 2025. Growth in this market is primarily driven by multiple functionalities across different industries and growing wine industries.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in tartaric acid market by application (food and beverage, pharmaceutical, cosmetic and personal care, and others), source (grapes and sun-dried raisin and maleic anhydride), product type (natural and synthetic), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Grapes and sun-dried raisin market is expected to remain the largest segment during the forecast period.”

Based on source, the tartaric acid market is segmented into grapes and sun-dried raisin and maleic anhydride. Lucintel forecasts that the grapes and sun-dried raisin is expected to witness the largest segment over the forecast period as major tartaric acid is sourced naturally from grapes & sun-dried raisins; most of which is obtained as a by-product of the wine-making process in the form of crystals.   

“Within the tartaric acid market, the food and beverage segment is expected to remain the largest application.”

Based on application, the food and beverage segment is expected to witness the largest application over the forecast period due to its growing usage as preservatives and emulsifiers and increasing awareness regarding the health benefits of anti-oxidants used in food and beverages.   

“Europe will dominate the tartaric acid market in near future.”

Europe is expected to be the largest region over the forecast period due to increase in the production of wine and the increasing use of natural tartaric acid in food in the region.

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Major players of tartaric acid market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Caviro Group, ATP Group, Merck, Omkar Specialty Chemicals, Changmao Biochemical Engineering, Tarac Technologies, PAHI, Distillerie Mazzari, Distillerie Bonollo, and Derivados Vinicos are among the major tartaric acid providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/tartaric-acid-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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