Tannin Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Tannin Market Analysis
The global tannin market is growing at a CAGR of 6.0% during the forecast period (2020-2025).
- The growth of the tannin market can be attributed to its rising usage as an additive in the beverage industry such that beer, tea, coffee, and juice owing to its curing properties of significant maladies like cancer, HIV, diabetes. Also, its extensive usage in leather manufacturing and wood adhesives is fueling the tannin market.
- Geographically, Europe accounts for the largest share in the global market, followed by North America owing to the high demand for wine industries and the rising demand for leather commodities in these regions. Asia-Pacific, followed by Central and South America and The Middle East & Africa are also anticipated to show significant growth.
Tannin Market Trends
This section covers the major market trends shaping the Tannin Market according to our research experts:
Rising Demand For Plant-based Tannin Extracts
As plant-based tannin, which includes fruits and vegetable origin tannin extracts (such as cranberries, blueberries, strawberries, hazelnuts, pecans, walnuts, grapes, and oranges) dominates the segmentation market owing to the functional properties that protect them from predation and also helps for their growth regulation. Plants containing tannin include wattle, trefoil, sainfoin, quebracho, mangroves, eucalyptus, and canaigre. These plants are easy to procure, and the processes of manufacturing tannins from these plants are also easy, thus accelerating the growth of the market. Condensed tannins are the most abundant organic compounds, which are found in almost all families of plants.
Asia Pacific To Drive The Global Tannin Market
With the increase of the infrastructure development in Asia-Pacific, particularly India, Indonesia, and China, the manufacturing process of wood adhesives involves the addition of tannin as an essential feedstock. The increasing consumer spending on building refurbishment, renovation and construction of new homes and office spaces is resulting in an increased demand for wood tannins adhesives.
Tannin Industry Overview
The global market for tannin is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, in June 2016, WWF-Brazil and Tanac SA joined together in cooperation which is involved in the development of a balancing act of vegetable extraction on tannins along with environmental protection. Also, in May 2018, Rehap worked with the Bio Base Europe Pilot Plant (BBEPP) in Belgium for the development and upscaling of tannin hot water extraction.
Tannin Market Leaders
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S.A. Ajinomoto OmniChem N.V
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Laffort
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EVER s.r.l.
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Tannin Corporation
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Silvateam S.p.a.
*Disclaimer: Major Players sorted in no particular order
Tannin Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Source
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5.1.1 Naural Tannin Extract
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5.1.2 Synthetic Tannin extract
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5.2 By Application
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5.2.1 Food & Beverage
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5.2.1.1 Wine
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5.2.1.2 RTD Drinks
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5.2.1.3 Others
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5.2.2 Pharmaceutical
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5.2.3 Leather
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5.2.4 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 United Kingdom
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5.3.2.2 Germany
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5.3.2.3 France
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5.3.2.4 Russia
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5.3.2.5 Italy
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5.3.2.6 Spain
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5.3.2.7 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 India
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5.3.3.2 China
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5.3.3.3 Japan
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 South Africa
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5.3.5.2 Saudi Arabia
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5.3.5.3 Rest of MEA
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 S.A. Ajinomoto OmniChem N.V
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6.4.2 Laffort
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6.4.3 EVER s.r.l.
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6.4.4 Tannin Corporation
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6.4.5 Silvateam S.p.a.
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6.4.6 W. Ulrich GmbH
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6.4.7 Tanac S.A.
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6.4.8 Jyoti Dye Chem Agency
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Tannin Industry Segmentation
The global tannin market has been segmented by source into natural and synthetic tannin extracts; and by application into food and beverage, pharmaceuticals, leather and other, which includes animal feed, water treatment and its use in chemical industries. The Food and beverage sector can be further bifurcated into wine, RTD drinks, and others. Also, the study provides an analysis of the tannin market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Source | |
| Naural Tannin Extract | |
| Synthetic Tannin extract |
| By Application | |||||
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| Pharmaceutical | |||||
| Leather | |||||
| Others |
| Geography | |||||||||
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Tannin Market Research FAQs
What is the current Tannin Market size?
The Tannin Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Tannin Market?
S.A. Ajinomoto OmniChem N.V, Laffort, EVER s.r.l., Tannin Corporation and Silvateam S.p.a. are the major companies operating in the Tannin Market.
Which is the fastest growing region in Tannin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Tannin Market?
In 2024, the Europe accounts for the largest market share in Tannin Market.
What years does this Tannin Market cover?
The report covers the Tannin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tannin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Tannin Industry Report
Statistics for the 2024 Tannin market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Tannin analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
