Driven primarily by the vigorous wine industry in Asia Pacific and
Latin America, the tartaric acid market is expected to exhibit a 6.2%
CAGR between 2014 and 2022, says Transparency Market Research’s
latest report. The study, titled ‘Tartaric Acid Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2022,’ estimates the global tartaric acid market at US$1.85 billion
in 2013 and expects it to reach a valuation of US$3.16 billion by the
end of 2022. By volume, the market approximated 80.2 kilo tons in
2013, says the report.The ability and willingness of Asian and Latin
American consumers to spend more on wine is seen to be the central
force in the tartaric acid market globally.
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Alcoholic beverages and wine form an integral part of the burgeoning
luxury products market in these regions. Another factor that
substantially ups the demand for tartaric acid globally is the demand
for the substance as an organic excipient in the pharmaceutical
industry. In the GCC region, an upswing in construction activities
will create new growth avenues for companies in the tartaric acid
market.
The market, however, will have to brave headwinds in the form of
seasonality of raw material supply. This factor largely affects the
natural tartaric acid market. The market for synthetic tartaric acid,
on the other hand, will find itself faced with challenges such as the
restricted use of synthetic ingredients in the food and beverage and
wine industry. Based on end users, the global tartaric acid market is
segmented as: Wine, pharmaceutical, food and beverage, construction,
and others. The others segment includes metal finishing and leather
tanning.
The report identifies the food and beverage industry as the foremost
end-user of tartaric globally, as of 2013. The F&B industry alone
consumed about 25% of the volumes produced in the tartaric acid
market in this year. The wine industry was the other noteworthy end
user of tartaric acid in 2013. The findings of the study reveal a
different story in Europe and the Middle East. Here, the construction
sector was seen to be the leading tartaric acid end user in 2013.
Moving forward, the pharmaceuticals industry will exhibit the fastest
rate of growth in the tartaric acid market, according to the report.
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Market Research Report with ToC & Analysis :
The regional analysis of the tartaric acid market covers the
following markets: North America, Asia Pacific, Europe, the Middle
East and Africa, and Latin America. The report also contains a
technical overview and price trend analysis of raw materials.
Furthermore, a market attractiveness analysis enables market players
to spot areas in the tartaric acid market that will provide the
highest return on investment. The report profiles the leading
companies operating in the global tartaric acid market. These
include: Caviro Distillerie S.R.L., American Tartaric Products Inc.,
Tarcol S.A., Derivados Vinicos S.A., Distillerie Mazzari S.p.A., The
Tartaric Chemicals Corporation, Giovanni Randi S.p.A., Vinicas Inc.,
Industria Chimica Valenzana S.p.A., and Omkar Speciality Chemicals
Ltd.
The
report segments the global tartaric acid market as:
Tartaric
Acid Market - End-user Analysis
- Wine
- Food & beverages
- Pharmaceutical
- Construction
- Others (Including chemical, leather tanning, metal finishing, etc.)
Tartaric
Acid Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
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