The market is expected to reach a value of US$ 330 Million by 2022.
The market for tartaric acid is driven primarily by its diverse uses, particularly in the food and beverage industry. In the food industry, it is used as an acidulant, anti-microbial agent and anti-caking agent. It also serves as an essential food additive, commonly combined with baking soda to function as a leavening agent in recipes to enhance their quality and stability. Apart from this, tartaric acid and its derivates are used in the pharmaceuticals industry as an incipient for drugs with poor solubility at higher pH levels. Some of the industrial applications of tartaric acid include the manufacturing of ceramics, textile printing, tanning, photography, etc.
The report has segmented the market on the basis of end-use, including food and beverage and non-food industries. The report also provides an evaluation of the market on a regional basis, covering Europe, USA, Middle East/Africa, China, and Central/South America. An analysis of the competitive landscape provides the details of the key players operative in the market.
The report also provides a comprehensive analysis for setting up a tartaric acid manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the tartaric acid industry in any manner.
Some of the major players are Caviro, Changmao Biochemical Engineering Company Ltd., Hangzhou Bioking Chemical Engineering Company Ltd., Industrias Vinicas, and Legre Mante.