The Global Tartaric Acid Market Is Witnessing High Growth Owing To the Increasing Expansion of Restaurants, Cafes, and Wineries in the World

Tartaric Acid Market
Tartaric Acid Market

Market Overview:

In the culinary world, it is a popular acidulate used to acidify beverages, effervescent tablets, gelatin desserts, and jams. It is also a leavening agent in baking powders and hard candies and calico printing, wool dyeing, and certain photographic printing and development operations. This nutrient-rich ingredient is an acidity regulator and can be found in foods as a flavoring, additive, and preservative.

It enhances fruit flavors and stabilizes batter systems and color. It is an odorless, colorless crystalline solid that is readily soluble in water. It has a slightly astringent, slightly sour taste and is used in the production of many alcoholic drinks, including wine. A major component of a vinified wine, it is responsible for its flavor and mouthfeel and contributes to the aging potential of wines. It is often paired with other acids, such as malic and citric acids, in winemaking.

Competitive Landscape:

Major players operating in the global Tartaric Acid Market include Ninghai Organic Chemical Factory, Thirumalai Chemicals, Noah Technologies Corporation, Tarac Technologies, Dastech International, Inc., Caviro, and Innovate.

Key Market Drivers:

The increasing incidence of wineries in the world is expected to augment the growth of the global tartaric acid for market. For instance, according to Stacker, there are around 65,000 wine producers globally. Tartaric acid can also be used to alleviate key skin concerns and boost the immune system, making it a great option for those looking to increase their health and well-being. This acid is often sourced from grapes, apricots, and apples, which are rich in antioxidants that can help prevent free radical damage from sun exposure and environmental aggressors like pollution.

The size of the global Tartaric Acid Market was estimated at US$ 204.05 million in 2016 and is anticipated to grow at a CAGR of 5.75% over the next five years (2019-2027).

The most obvious reason to include tartaric acid in the daily skincare routine is that it is an alpha hydroxy acid (AHA). It works as an exfoliant and can help to reduce the appearance of fine lines and wrinkles, hyperpigmentation, acne, large pores, dull/uneven skin tone, and with regular use, keratosis pilaris. Moreover, the high usage of tartaric acid in several other sectors is estimated to enhance the growth of the global tartaric acid for market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several factors restraining the growth of the global tartaric acid for market. The global food and beverages sector witnessed one of the most significant downfalls, which affected the growth. Moreover, lockdown measures and transport restrictions globally also affected the growth.

Due to the increased usage of commercial resins and the identification of novel applications, the global Urea Formaldehyde Market is expanding rapidly.

Key Takeaways:

· North America is expected to dominate the growth of the global tartaric acid for market, owing to the high expansion of wineries in the region. For instance, according to the American Wine Society, there are currently more than 7000 wineries in the United States.

· The Asia Pacific is estimated to witness high growth in the global Tartaric Acid Market, owing to the increasing incidence of restaurants and cafes in the region. For instance, according to the Restaurant and Catering Industry Association of Australia Inc., in 2021, there were more than 50.8 thousand cafés and restaurants in Australia.

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