TMR_Research_Reports_2017 Tartaric Acid Market Research 2022 | Page 2

Tartaric Acid Market
REPORT
Tartaric Acid Market - Global Industry Analysis Size Share Growth
Trends and Forecast 2014 – 2022
The global market for tartaric acid is fragmented with a handful of players that operate globally, says
Transparency Market Research (TMR) in a new report. The market holds a cohesive vendor
landscape wherein producers of natural tartaric acid procure lees from other wine producers and wine
cooperatives for mutual gains. Asia Pacific has a large number of producers of synthetic tartaric acid
with China accounting for large synthetic tartaric acid production capacity. Some key players in the
global tartaric acid market include Caviro Distilleries S.R.L., American Tartaric Products Inc., and
Omkar Specialty Chemicals Ltd among others.
According to the report, the global tartaric acid market stood at US$1.85 bn in 2013 and is expected
to be worth US$3.16 bn by 2022 at a CAGR of 6.2% between 2014 and 2022.
Obtain Report Details @ http://www.transparencymarketresearch.com/tartaric-acid-
market.html
Food and Beverage End-use Segment held Significant Share in Market in Recent Past
By end user, the global tartaric acid market is segmented into wine, food and beverage,
pharmaceutical, construction, and others (leather tanning, metal finishing). As of 2013, the report
identifies food and beverage as the leading end-user of tartaric acid. The food and beverage industry
alone accounted for almost 25% of the volume of tartaric acid produced in the same year. In 2013,
the wine industry was another significant end user of tartaric acid.
However, the construction sector stood as the leading end-user of tartaric acid in the Middle East and
Africa in 2013, reveals the report. Going forward, the pharmaceuticals industry is expected to display
the fastest growth rate.
The global tartaric acid market is divided in terms of geography into North America, Europe, Latin
America, Asia Pacific, and the Middle East and Africa. Europe retained its lead position in 2013
accounting for more than 30% of the global market. Asia Pacific is expected to be the fastest growing
regional market for tartaric acid. This is attributed to increasing consumption of wine, rapidly growing
construction industry, and perpetual demand in food and beverages industry.
North America is expected to display above average growth rate during the forecast period led by the
recovery of the construction industry and robust growth in wine and pharmaceutical industries. The
wine and food and beverage industries are anticipated to display robust demand for tartaric acid in
Latin America. The high growth of the construction sector in Brazil is expected to be the key end user
Transparency Market Research
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