(Entertainment-NewsWire.com, July 30, 2020 ) The global tartaric acid market is projected to reach USD 285.6 million by 2022, at a CAGR of 5.77%; in terms of volume, it is projected to reach 91.2 KT by 2022, at a CAGR of 4.50% during the forecast period. The major driver of the tartaric acid industry is its multifunctionality across different industries such as food & beverages, pharmaceutical, and cosmetics. Tartaric acid, as an ingredient, has immense usage in the pharmaceutical industry, especially after technological innovations such as micro-encapsulation.
Tartaric acid is an essential additive in bakery items where it functions as a leavening agent when mixed with baking powder. It also enhances fruit flavours and stabilizes batter systems and colour in baked foods. During winemaking, tartaric acid extracts act as buffers to regulate antioxidants, acidity, and as preservatives; in other food items, it acts as natural flavor enhancers, and food emulsifiers.
Now-a-days, there is a trend among consumers toward opting for natural ingredients in food & beverage products, which leads to growth in the demand of naturally extracted tartaric acid.
Moreover, the demand for tartaric acid is supported by the growing consumption of sports and protein drinks and nutritional bars, as well as the introduction of fruit-flavored beverages, where it is used as an acidulant to give a sour taste and to stabilize the color properties of the respective beverage.
Europe accounted for the largest share of the tartaric acid market in 2016, followed by North America. The major drivers are the significant increase in the production of wine and the increasing use of natural tartaric acid in food. Another major factor is the rising exports from the European and North American countries, owing to the demand from countries such as India, Japan, Brazil, and Argentina. Additionally, the Middle Eastern countries are expected to drive the demand for tartaric acid in this region in the coming years.
The key players that are profiled in the report include Caviro Group (Italy), ATP Group (US), Merck (Germany), Omkar Specialty Chemicals (India), Changmao Biochemical Engineering (China), Tarac Technologies (Australia), PAHI (Spain), Distillerie Mazzari (Italy), Distillerie Bonollo (Italy), Derivados Vinicos (Argentina), Industrias Vinicas (US), and Tártaros Gonzalo Castelló (Spain).
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