Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), 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: ETC078524 | Publication Date: Aug 2021 | Updated Date: Apr 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Europe Tartaric Acid Market is experiencing growth owing to the wide range of applications of tartaric acid. Currently, there has been a rise in the use of tartaric acid as a food additive as well as a preservative in the food and beverage sector. The pharmaceutical sector in the region is also stimulating the growth of this acid which is organic. This acid is particularly used as a chiral resolving agent which supports separating mirror-image or enantiomers molecules. Additionally, the personal care market is exploring new ways in order to incorporate this ingredient in their products. This acid is used as a buffering agent or pH adjuster in skincare formulations. There is a rise in interest in producing tartaric acid from sources that are renewable like grapes and other fruits. This change towards eco-friendly processes is anticipated to shape the Europe Tartaric Acid Market Growth.
Europe Tartaric Acid Market is expected to gain growth projections in the coming time zone. The Europe region is a fast-growing market for tartaric acid. The growth of the market is primarily driven by the high demand for wine from European countries. The increasing purchasing power of individuals has urged the middle-aged population to buy premium wine. Health issues with regard to the pandemic have also urged people to purchase more medical supplies, thus increasing the growth of the tartaric acid market. Also, the demand for food products with natural additives is increasing the growth of the tartaric acid market. Furthermore, the introduction of small packages of wine by wine manufacturers is driving the growth of the tartaric acid market. Also, the demand for personal care and cosmetics is significantly increasing the demand for tartaric acid. However, the restraining factor for the growth of 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 manufacturing companies had to either close down or had to operate with limited production. Despite all this, the demand for food and beverages, medical supplies and personal care, and cosmetics remained the same. The lockdown imposed due to the outbreak has negatively impacted tartaric acid since the trade transactions were stopped. The second wave of Covid-19 is likely to hinder manufacturing and exporting due to lockdowns and strict guidelines of limited staff in the industries.
According to 6Wresearch, the Europe Tartaric Acid Market size is anticipated to register growth during 2021-2027. The UK and Germany mainly contribute to the growth of the tartaric acid market. Germany mainly contributes to the growth of the market with the high demand for cosmetics products. The improvised quality of wine in Spain has contributed to the Food products with natural additives are the most popular food types in the market. Also, the improving living standards and increasing disposable income has accelerated market sales. The increasing demand for pharmaceuticals will significantly increase the growth of the market.
Based on the application, the tartaric acid market is classified into wine, food and beverages, cosmetics, pharmaceuticals, and others. The increase in wine production in Europe countries like Italy, Spain, France, and Germany, along with increasing consumption is expected to drive the tartaric acid market. Considering the low risk of using tartaric acid as an ingredient for skincare 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 key players in the European region are Caviro Group, Merck, PAHI, Distillerie Mazzari, and Distillerie Bonollo.
The Europe Tartaric Acid Market report covers the market by product, application, and regional countries including the UK, Germany, and Italy along with other key countries. The Europe tartaric acid market outlook report provides an unbiased and detailed analysis of the ongoing Europe 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.
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 Europe Tartaric Acid Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Tartaric Acid Market Revenues & Volume, 2020 & 2027F |
3.3 Europe Tartaric Acid Market - Industry Life Cycle |
3.4 Europe Tartaric Acid Market - Porter's Five Forces |
3.5 Europe Tartaric acid Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Europe Tartaric acid Market Revenues & Volume Share, By Source, 2020 & 2027F |
3.7 Europe Tartaric acid Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.8 Europe Tartaric acid Market Revenues & Volume Share, By Type, 2020 & 2027F |
4 Europe Tartaric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Tartaric Acid Market Trends |
6 Europe Tartaric Acid Market, 2017 - 2027 |
6.1 Europe Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
6.2 Europe Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
6.3 Europe Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
7 Germany Tartaric Acid Market, 2017 - 2027 |
7.1 Germany Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
7.2 Germany Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
7.3 Germany Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
8 United Kingdom Tartaric Acid Market, 2017 - 2027 |
8.1 United Kingdom Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
8.2 United Kingdom Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
8.3 United Kingdom Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
9 France Tartaric acid Market, 2017 - 2027 |
9.1 France Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
9.2 France Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
9.3 France Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
10 Italy Tartaric Acid Market, 2017 - 2027 |
10.1 Italy Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
10.2 Italy Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
10.3 Italy Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
11 Russia Tartaric Acid Market, 2017 - 2027 |
11.1 Russia Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
11.2 Russia Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
11.3 Russia Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
12 Spain Tartaric acid Market, 2017 - 2027 |
12.1 Spain Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
12.2 Spain Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
12.3 Spain Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
13 Rest of Europe Tartaric Acid Market, 2017 - 2027 |
13.1 Rest of Europe Tartaric Acid Market, Revenues & Volume, By Source, 2017 - 2027 |
13.2 Rest of Europe Tartaric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
13.3 Rest of Europe Tartaric Acid Market, Revenues & Volume, By Type, 2017 - 2027 |
14 Europe Tartaric Acid Market Key Performance Indicators |
15 Europe Tartaric Acid Market - Opportunity Assessment |
15.1 Europe Tartaric Acid Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Europe Tartaric Acid Market Opportunity Assessment, By Source, 2020 & 2027F |
15.3 Europe Tartaric Acid Market Opportunity Assessment, By Application, 2020 & 2027F |
15.4 Europe Tartaric Acid Market Opportunity Assessment, By Type, 2020 & 2027F |
16 Europe Tartaric Acid Market - Competitive Landscape |
16.1 Europe Tartaric Acid Market Revenue Share, By Companies, 2020 |
16.2 Europe Tartaric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |