Tannin Market Size, Growth Strategies, Trends, Analysis and Forecast 2024-2032

The latest report by IMARC Group, titled “Tannin Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the tannin market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global tannin market size reached US$ 9.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.

Tannin Market Trends:

The global market is primarily driven by the increasing awareness about the health benefits of tannins, particularly their antioxidant properties. In line with this, the widespread use of tannins in the food and beverage industry as natural preservatives and flavor enhancers is also providing an impetus to the market. Moreover, the considerable rise in the demand for leather and wood adhesives, where tannins are used extensively, is acting as a significant growth-inducing factor for the market. In addition to this, the expanding applications of tannins in the pharmaceutical and nutraceutical sectors for their therapeutic properties are resulting in higher demand.

Besides this, the growing preference for natural and organic ingredients in various industries is creating lucrative opportunities in the market. Also, the increasing influence of clean label trends and consumer inclination towards chemical-free products is impacting the market positively. The market is further driven by the implementation of favorable regulations promoting the use of natural additives.

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Tannin Market Scope and Growth Analysis:

The scope of the global market is expanding as industries recognize the versatile applications of tannins across various sectors. As per the market analysis, the increasing investment in research to discover new sources and applications of tannins is contributing to the market scope. Furthermore, the rising use of tannins in the cosmetics and personal care industry for their astringent properties is another critical factor.

In addition to this, the growing focus on developing eco-friendly and biodegradable products is broadening the market landscape. The ongoing advancements in extraction and purification technologies are further enhancing the potential applications of tannins. Moreover, the rising demand for functional foods and beverages fortified with tannins is paving the way for new product developments. Besides this, the market is experiencing growth due to the continuous innovation in tannin-based adhesives and coatings. The increasing participation of key players in strategic partnerships and collaborations to expand their product portfolios is also expanding the market scope. Additionally, the development of novel delivery systems for tannin-based pharmaceuticals is making these products more effective and accessible.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Ever s.r.l.
• Forestal Mimosa Limited
• Jyoti Dye Chem Agency
• Laffort SA
• A. Ajinomoto OmniChem N.V. (Ajinomoto Co. Inc.)
• Tanac S.A., Tanin Sevnica d.d.
• Tannin Corporation
• UCL Company (Pty) Ltd.
• Ulrich GmbH

Tannin Market Segmentation:

Our report has categorized the market based on region, source, product and application.

Breakup by Source:

• Plants
• Brown Algae

Breakup by Product:

• Hydrolysable Tannins
• Condensed Tannins
• Phlorotannins

Breakup by Application:

• Food and Beverages
• Leather Tanning
• Wood Adhesives
• Other

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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