Lucintel's latest market report analyzed that tartaric acid provides attractive opportunities in the food and beverage, pharmaceutical, cosmetic and personal care, and other industries. The tartaric acid market is expected to grow at a CAGR of 5%-6%. In this market, grapes and sun-dried raisin is the largest segment by source, whereas food and beverage is largest by application.
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Based on source, the tartaric acid market is segmented into grapes and sun-dried raisin and maleic anhydride. The grapes and sun-dried raisin segment is accounted for the largest share of the market in 2020 as major tartaric acid is sourced naturally from grapes & sun-dried raisins; most of which is obtained as a by-product of the wine-making process in the form of crystals.
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The tartaric acid market is marked by the presence of several big and small players. Some of the prominent players offering Tartaric acid include Caviro Group, ATP Group, Merck, Omkar Specialty Chemicals, Changmao Biochemical Engineering, Tarac Technologies, PAHI, Distillerie Mazzari, Distillerie Bonollo, and Derivados Vinicos.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
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