Tartaric Acid Market Size, Revenue, Share, Regional Growth, Top Companies, Demand, | Forecast
Market Synopsis As per the analysis by Market Research Future (MRFR), the global Tartaric Acid Market Size is anticipated to acquire a market value of USD 319.5 million while expanding at a CAGR of 5.4% by 2024. The surging consumption of wine is expected to be a significant factor that can augment the Tartaric Acid Market size during the forecast period. The growing tartaric acid consumption is anticipated to grow due to the expansion of the food and beverages sector, along with increasing demand for preservatives and additives, which can drive the industry. Furthermore, the rising popularity of packaged food, a higher standard of living, and the increasing application of the acid as an emulsifier in bread production can develop the market during the forecast period. On the flip side, the imposition of stringent rules concerning synthetic tartaric acid usage by the various governments is anticipated to hinder the market growth. In addition, the outbreak of COVID-19 has slowed down the...