Global Synthetic Tartaric Acid Market Growth 2023-2029

Global Synthetic Tartaric Acid Market Growth 2023-2029

Tartaric acid is a white, crystalline organic acid that occurs naturally in many fruits. It is commonly mixed with sodium bicarbonate and is sold as baking powder used as a leavening agent in food preparation. The acid itself is added to foods as an antioxidant and to impart its distinctive sour taste.

Tartaric acid is used in many applications, food and beverages, wine, pharmaceutical, construction, cosmetic and chemical industry. For food, beverage and wine, tartaric acid is used for acidifying and enhancing the flavors of them. In pharmaceutical industry, tartaric acid is used as an excipient to prepare antibiotics, pills, tablets and some other medicines for heart disorders. In construction sector, tartaric acid is used in gypsum and cement to retard drying, and as a fluidizer of ceramics. In chemical industry, tartaric acid is used for photography, polishing in electronics and plastics industries. For cosmetic, tartaric acid is used as a basic compound in some natural body creams.

Tartaric acid mainly has three types: L-Tartaric Acid, D-Tartaric Acid, DL-Tartaric Acid. L-Tartaric acid is produced in the largest amount. D(-)-tartaric acid is more and more widely used in pharmaceuticals and food industry. DL-Tartaric Acid is widely used in many fields such as foodstuff, medicine, chemical industry and light industry etc.

LPI (LP Information)' newest research report, the “Synthetic Tartaric Acid Industry Forecast” looks at past sales and reviews total world Synthetic Tartaric Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Tartaric Acid sales for 2023 through 2029. With Synthetic Tartaric Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Tartaric Acid industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Tartaric Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Tartaric Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Tartaric Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Tartaric Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Tartaric Acid.

The global Synthetic Tartaric Acid market size is projected to grow from US$ 357.7 million in 2022 to US$ 564.9 million in 2029; it is expected to grow at a CAGR of 564.9 from 2023 to 2029.

United States market for Synthetic Tartaric Acid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Synthetic Tartaric Acid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Synthetic Tartaric Acid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Synthetic Tartaric Acid players cover Alvinesa, Sagar Chemicals, RANDI GROUP, Caviro Distillerie, Australian Tartaric Products, Tarac Technologies, Tartaric Chemicals, Distillerie Mazzari and Distillerie Bonollo, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Tartaric Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Grapes & sun-dried raisins
Maleic anhydride
Others

Segmentation by application
Wine, Food & Beverage
Pharmaceutical
Cosmetics
Construction
Chemical

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alvinesa
Sagar Chemicals
RANDI GROUP
Caviro Distillerie
Australian Tartaric Products
Tarac Technologies
Tartaric Chemicals
Distillerie Mazzari
Distillerie Bonollo
Pahi
Vinicas
Tártaros Gonzalo Castelló
Omkar Specialty Chemicals
Yantai Taroke Bio-Engineering
Ninghai Organic Chemical Factory
Changmao Biochemical Engineering
Hangzhou Bioking Biochemical Engineering
Hangzhou Regin Bio-tech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synthetic Tartaric Acid market?

What factors are driving Synthetic Tartaric Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Synthetic Tartaric Acid market opportunities vary by end market size?

How does Synthetic Tartaric Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.