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Tartaric Acid Market By Application (Food & Beverages, Wine, Pharmaceuticals, Antacids) Is Expected to Reach $425.0 Million By 2020: New Report By Grand View Research, Inc.

San Francisco, California, March 26, 2015 (GLOBE NEWSWIRE) -- The global tartaric acid market is expected to reach USD 425 million by 2020, according to a new study by Grand View Research, Inc. Increasing wine consumption in Asia Pacific and Latin America is expected to remain a key factor driving tartaric acid market growth over the forecast period. Increasing tartaric acid consumption as anti-oxidant and taste enhancer in food products is also expected to have a positive impact on the market growth. Tartaric acid prices witnessed slump during 2009 to 2010 mainly due to economic recession in U.S. and debt crisis in Europe. The prices recovered there after due to high tartaric acid demand from emerging markets. Tartaric acid prices are projected to remain stable over the forecast period which is expected to benefit the market in terms of revenue.

Browse detailed report on Global Tartaric Acid Market with Charts and figures at - http://www.grandviewresearch.com/industry-analysis/tartaric-acid-market

Wine was the largest application segment and accounted for 33.6% of the total market volume in 2013. Tartaric acid is widely used in wine applications as a preservative, pH level reducer and tartness improver. Increasing wine production in China and with growing per capita consumption in Brazil, China, Italy, Spain and France is expected to drive tartaric acid demand in wineries. Wine is also expected to witness the highest growth rate of 5.7% from 2014 to 2020.

Further key findings from the study suggest:

  • Global tartaric acid market demand was 60.56 kilo tons in 2013 and is expected to reach 87.18 kilo tons by 2020, growing at a CAGR of 5.3% from 2014 to 2020.
  • Europe emerged as the largest regional market and accounted for 39.4% of the total market volume in 2013. High tartaric acid demand for wine production in Italy, France and Spain is expected to drive the regional market growth over the forecast period. Increasing tartaric acid penetration in niche applications such as chelating agents is also expected to further complement the regional market growth. Anti-dumping duties established by the European Commission for Chinese tartaric acid imports are anticipated to secure the regional market production scenario.
  • Asia Pacific is expected to witness the highest growth of 6.8% from 2014 to 2020. Increasing tartaric acid demand in wine production particularly in China is expected to drive the regional market. Growth of food & beverages industry in China, India and Indonesia is also expected to drive the regional market. Increasing awareness among consumers regarding health benefits offered by anti-oxidants has also created demand for tartaric acid demand.
  • The global market is moderately concentrated with top companies competing in terms of product innovation. Major companies operating in the global tartaric acid market include Caviro Distillerie SRL, The Chemical Company, Distillerie Bonollo SpA, Distellerie Mazzari SpA, Tartaros Gonzalo Castello SL, Tarac Technologies, Richman Chemical Inc., U.S. Chemicals LLC, American Tartaric Products and The Tartaric Chemical Corp.

Get more information about Global Tartaric Acid Market request for sample of this report at - http://www.grandviewresearch.com/industry-analysis/tartaric-acid-market

For the purpose of this study, Grand View Research has segmented the tartaric acid market on the basis of application and region:

Global Tartaric Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

• Food & Beverages

• Wine

• Pharmaceuticals

• Antacids

• Others

Global Tartaric Acid Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)

• North America

o U.S.

o Canada

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Browse more research reports of this category by Grand View Research at - http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

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Source:Grand View Research