TARTARIC ACID MARKET ANALYSIS

Market News

Key Developments

• In September 2019, Carivo – a leading tartaric acid manufacturer was awarded “100% Green Certification” by Consortium for Energy Resources. The company uses energy from renewable sources and promotes the companies culture of circular economy. The strategic moves to adopt cost-effective renewable energy will drive up the margins for the tartaric acid and alcohol product sales.
• In November 2019, according to a research carried out by University of Adelaide, tartaric acid is an important in the production of all wines – white, red and sparkling to balance the sweetness of the fruit based alcohol. Increasing demand for tartaric acid in food and beverage application is expected to propel the growth of tartaric acid at a global level.
• In December 2016, according to a research paper published by royal society of chemistry, tartaric acid can act as a chiral catalyst which can be further used to biosensors, pharmaceutical, agricultural and food industries. New application development for tartaric acid acts as a major driver in the global tartaric acid market.