Tartaric acid is used in the production of effervescent salts, to improve the taste of oral medications. The renowned participants in the tartaric acid industry are focusing on launch of new products, opening new research and development centres, and new plants in order to expand their overall business.
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Global Tartaric Acid Market is anticipated to reach USD 320.27 billion by 2025, from USD 215.83 million in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global tartaric acid market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Based on source
- sun-dried raisins
- maleic anhydride and others
On the type of source
Based on form process
- food & beverages,
- cosmetics & personal care products and other
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The global tartaric acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tartaric acid market for global, Europe, North America, Asia Pacific and South America.
Some of the major players
- Changmao Biochemical Engineering,
- Omkar Specialty Chemicals,
- Caviro Group,
- ATP Group,
- Tarac Technologies,
- Distillerie Mazzari,
- Distillerie Bonollo,
- Derivados Vinicos,
- Industrias Vinicas,
- Tártaros Gonzalo Castelló,
- Alvinesa Alcoholera Vinicola S.A.,,
- Changmao Biochemical Engineering,
- Caviro, and many more.
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Global Tartaric Acid Market , By Source (Grapes & Sun-Dried Raisins, Maleic Anhydride and Others) By Type (Natural and Synthetic), By Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care Products and Other), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Major Market Drivers and Restraints:
- Multiple functionalities across different industries
- R&D and technological innovations
- Growth in the wine industry
- Restricted use of synthetic tartaric acid in various applications
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
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