Tartaric acid is a white, crystalline organic acid that is widely used in various applications, including food and beverage, pharmaceutical, and cosmetic industries. The demand for tartaric acid is primarily driven by the increasing consumption of processed foods and beverages, particularly in developing regions. The rising awareness among consumers about the benefits of organic food and natural ingredients is also contributing to the growth of the tartaric acid market. However, the fluctuation in prices of raw materials, such as grapes and potatoes, used in the production of tartaric acid, coupled with the stringent regulations on the use of certain chemical substances, may hinder the growth of the market. The increasing demand for tartaric acid as a chiral intermediate in the pharmaceutical industry is expected to create lucrative opportunities for market players.
Global Tartaric Acid Market size was valued at US$ 204.05 million in 2016, and is expected to register a CAGR of 5.75% during the forecast period (2019-2027).
Major Players in the Tartaric acid Industry:
Innovate
Innovate is a Chinese company founded in 2003, headquartered in Jiangsu Province, China. It is a leading supplier of tartaric acid and its derivatives, with production facilities located in China and Europe. The company's recent development in the field of tartaric acid is the launch of a new product, DL-tartaric acid anhydride, in February 2022. The product is designed for use in the pharmaceutical industry as a chiral building block.
Caviro
Caviro is an Italian company founded in 1966, headquartered in Faenza, Italy. It is a leading producer of tartaric acid and its derivatives, with production facilities in Italy, Spain, and Argentina. In June 2021, the company announced the expansion of its production capacity for tartaric acid, with a new production line at its facility in Argentina. The expansion is aimed at meeting the increasing demand for tartaric acid in the food and beverage industry.
Dastech International, Inc.
Dastech International, Inc. is a US-based company founded in 1986, headquartered in Tustin, California. It is a global supplier of specialty chemicals, including tartaric acid and its derivatives, with offices and production facilities in the United States, China, and Europe. The company's recent development in the field of tartaric acid is the launch of a new product, potassium sodium tartrate, in November 2021. The product is designed for use in the food and beverage industry as a flavor enhancer and acidity regulator.