Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Source (Grapes & sun-dried raisins, Maleic anhydride, Others), By Application (Food & beverages, Pharmaceuticals, Cosmetics & personal care products, Others), By Type (Naturals, Synthetic) And Competitive Landscape
Product Code: ETC076435 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Tartaric Acid Market is anticipated to register growth in the coming time zone. The Asia-Pacific is emerging as the fast-growing market of tartaric acid. The growth of the market is primarily driven by the growing consumption of wine, processed food, and beverages in developing countries of the Asia-Pacific region. The increasing spending power and growing demand for processed and packed food have benefited the growth of the tartaric acid market. Furthermore, the growing demand for cosmetics and personal care products is driving the growth of the tartaric acid market. However, the restraining factor for the tartaric acid market is the strict food safety regulations. The market growth of tartaric acid is low due to the increase in government regulations in some countries restricting the use of synthetic tartaric acid in food and pharmaceutical applications. Further, the Covid-19 outbreak has affected almost all industries, as most of the manufacturing companies had to either close down or had to operate with limited production. Despite all this, the demand for food and beverages remained the same. The lockdown imposed due to the outbreak has positively impacted tartaric acid by the shifting of the manufacturers to online platforms. Moreover, the demand for tartaric acid is supported by the growing consumption of protein drinks, nutritional bars, and fruit-flavored beverages due to the rising health consciousness among individuals to boost immunity. Thus it is likely to improve the growth in the future.
According to 6Wresearch, the Asia-Pacific Tartaric Acid Market size is anticipated to register growth during 2021-2027. China and Japan dominate the market in the Asia Pacific region contributing to the maximum market share in the market, followed by India. This is due to the increase in wine consumption in Southeast Asia and the Australian continent. Jams and jellies are the most popular food types in the market. Also, the improving living standards and increasing disposable income has accelerated market sales. Further, the introduction of fruit-based beverages with zero sugar and zero fat that appeals to the health concerned consumers has triggered market growth. The increase in the number of individuals to home baking is also a factor in the growing demand for tartaric acid. In India, the demand for tartaric acid is increasing due to the increase in animal feed to provide a highly nutritional diet increasing the quality of its end products such as meat, eggs, milk, and maintaining the health of the animals. Furthermore, the increasing demand for medicines would spur the demand for tartaric acid in the future. Some of the key players in the Asia Pacific region include Omkar Speciality Chemicals, Changmao Biochemical Engineering, Tarac Technologies.
The Tartaric Acid market is segmented into different parts based on type, application, and region. Based on the product type, it is classified into Natural Tartaric Acid and Synthetic Tartaric Acid. Based on the application, it is classified into food and beverages, wine, pharmaceuticals, antacids, building and construction, and cosmetics. Based on the region, the four main regions are North America, Europe, Asia Pacific, and the rest of the world. The market demand for synthetic tartaric acid is high due to its lower cost than natural tartaric acid. Considering the low risk of using tartaric acid as an ingredient for skin care use, it is used as an antioxidant in cosmetics. The increasing consciousness of male consumers on personal wellness and appearance is leading to the launching of new and innovative male grooming products. The cosmetics and personal care industry is one of the growing consumer product markets in India. On account of the increasing use of online pharmacies, the demand for more advanced and costly medicines among the middle class would further increase the growth of the tartaric acid market.
The Asia-Pacific Tartaric Acid Market report thoroughly covers the market by tartaric acid product type, application, regional countries including Japan, China, India, among other key countries. The Asia-Pacific tartaric acid market outlook report provides an unbiased and detailed analysis of the ongoing Asia-Pacific Tartaric Acid market trends, opportunities, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Tartaric acid Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Tartaric acid Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Tartaric acid Market - Industry Life Cycle |
3.4 Asia Pacific Tartaric acid Market - Porter's Five Forces |
3.5 Asia Pacific Tartaric acid Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Tartaric acid Market Revenues & Volume Share, By Source, 2020 & 2027F |
3.7 Asia Pacific Tartaric acid Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.8 Asia Pacific Tartaric acid Market Revenues & Volume Share, By Type, 2020 & 2027F |
4 Asia Pacific Tartaric acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Tartaric acid Market Trends |
6 Asia Pacific Tartaric acid Market, 2017 - 2027 |
6.1 Asia Pacific Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
6.2 Asia Pacific Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
6.3 Asia Pacific Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
7 China Tartaric acid Market, 2017 - 2027 |
7.1 China Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
7.2 China Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
7.3 China Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
8 India Tartaric acid Market, 2017 - 2027 |
8.1 India Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
8.2 India Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
8.3 India Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
9 Japan Tartaric acid Market, 2017 - 2027 |
9.1 Japan Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
9.2 Japan Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
9.3 Japan Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
10 Australia Tartaric acid Market, 2017 - 2027 |
10.1 Australia Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
10.2 Australia Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
10.3 Australia Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
11 Indonesia Tartaric acid Market, 2017 - 2027 |
11.1 Indonesia Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
11.2 Indonesia Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
11.3 Indonesia Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
12 Philippines Tartaric acid Market, 2017 - 2027 |
12.1 Philippines Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
12.2 Philippines Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
12.3 Philippines Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
13 Malaysia Tartaric acid Market, 2017 - 2027 |
13.1 Malaysia Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
13.2 Malaysia Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
13.3 Malaysia Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
14 Rest of Asia Tartaric acid Market, 2017 - 2027 |
14.1 Rest of Asia Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
14.2 Rest of Asia Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
14.3 Rest of Asia Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
11 Asia Pacific Tartaric acid Market Key Performance Indicators |
12 Asia Pacific Tartaric acid Market - Opportunity Assessment |
12.1 Asia Pacific Tartaric acid Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Tartaric acid Market Opportunity Assessment, By Source, 2020 & 2027F |
12.3 Asia Pacific Tartaric acid Market Opportunity Assessment, By Application, 2020 & 2027F |
12.4 Asia Pacific Tartaric acid Market Opportunity Assessment, By Type, 2020 & 2027F |
13 Asia Pacific Tartaric acid Market - Competitive Landscape |
13.1 Asia Pacific Tartaric acid Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Tartaric acid Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |