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  • Tannin Market is predicted to reach USD 4.18 billion at a CAGR of 5.90% during the forecast period 2023-2032

    Tannin Market Trends, Growth, Forecast 2032 | MRFR

    Report Details:
    15 Companies Covered
    128 Pages

    Market Research Future (MRFR) has published on the “Global Tannin Market”.


    The Tannin market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.


    MRFR recognizes the following companies as the key players in the global Tannin market— Zhushan County Tianxin Medical & Chemical Co., Ltd., Forestal Mimosa Ltd., Tanin Sevnica D.D., S.A., Ajinomoto Omnichem N.V, W.Ulrich Gmbh, Ever S.R.L,  Laffort Sa, Polson Pty. Ltd., Ucl Company (Pty) Ltd., Tannin Corporation.


    Tannin Market Highlights


    The global Tannin market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 4.18 billion by 2032.


    The consumers are increasingly seeking natural and clean label ingredients in their food and beverages. Tannins' antioxidant properties are highly valued in the food industry, as they can extend the shelf life of products by reducing oxidative deterioration. This is particularly important for products prone to rancidity or colour changes, such as oils, juices, and wines. Tannins contribute to improved taste profiles by enhancing the complexity and depth of Flavors in various food and beverage products. As food manufacturers and beverage producers continue to explore innovative ways to meet consumer preferences for taste, quality, and health benefits, the demand for tannins is expected to grow across various product categories


    Segment Analysis


    The global Tannin market has been segmented based on source, product and application.


    On the basis of source, the market is segmented into Plants and Brown Algae. The plant segment was attributed to holding the largest market share in 2022, due to their diverse application and easy availability.


    Based on product, the global Tannin market has been segmented into Hydrolysable, Non-Hydrolysable and Phlorotannin. The hydrolysable segment was expected to hold the largest market share in 2022, as it has a wide range of application and used in different industries.


    Based on application, the global Tannin market has been segmented into Leather Tanning, Wine Production, Wood Adhesives, Anti-Corrosive Primers and Others. The leather tanning segment was expected to hold the largest market share in 2022, due to the rising demand for high quality leather.


    Regional Analysis


    The global Tannin market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Tannin market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Tannin market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Tannin market comprises of Middle East, Africa, and Latin America.


    The largest market share for Tannin was maintained by the North American regional sector. This increase is attributed to the increasing consumer focus on health and wellness has led to the rising demand for natural and plant-based ingredients in the. Tannins are increasingly used as natural additives, antioxidants, and flavour enhancers in a wide range of products, including wines, juices, teas, and functional foods, contributing to market growth. The North American wine industry is a significant consumer of tannins. Tannins' antioxidant properties make them effective natural preservatives, extending the shelf life of various food and beverage products. This is particularly important in North America, where consumers prioritize product quality and freshness.


    Moreover, the Europe market has been persistently growing over the forecast period. The demand for Tannin is driven by strong presence of the wine and beverage industry, where tannins are used to enhance the taste and quality of wines and spirits. Additionally, the region's increasing emphasis on sustainable and eco-friendly practices in various industries, including food and beverages, has led to the growing adoption of tannins as natural and environmentally responsible additives and ingredients.


    Additionally, due to the presence rich agricultural resources, including a wide variety of tannin-rich plant sources, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Further, the growing awareness of the health benefits associated with tannins, has led to increased consumption of tannin-containing products in Asia Pacific. Moreover, the expansion of the food and beverage industry, coupled with the demand for natural and functional ingredients, has created a strong market for tannins as natural additives and flavour enhancers in the region.


    Furthermore, the rest of the world's Tannin market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the the expanding applications of tannins in traditional and herbal medicine, as well as in the production of natural and organic cosmetics and skincare products. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.


    Key Findings of the Study



    • The global Tannin market is expected to reach USD 4.18 billion by 2032, at a CAGR of 5.90% during the forecast period.

    • The Asia-Pacific region accounted for the fastest-growing global market due to the region's rich biodiversity and the abundant availability of tannin-rich plant sources, making it a key supplier of tannin for various industries, including food, beverage, and leather production.

    • Based on application, the leather tanning segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.

    • Zhushan County Tianxin Medical & Chemical Co., Ltd., Forestal Mimosa Ltd., Tanin Sevnica D.D., S.A., Ajinomoto Omnichem N.V., W.Ulrich Gmbh, Ever S.R.L, Laffort Sa, Polson Pty. Ltd., Ucl Company (Pty) Ltd., Tannin Corporation.


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