Market Size of Tannin Industry
| 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 |
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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 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.
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| Naural Tannin Extract | |
| Synthetic Tannin extract |
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| Pharmaceutical | |||||
| Leather | |||||
| Others |
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Tannin Market Size Summary
The tannin market is experiencing significant growth, driven by its increasing application as an additive in the beverage industry, including beer, tea, coffee, and juice, due to its beneficial properties in addressing health issues such as cancer, HIV, and diabetes. Additionally, the market is bolstered by its extensive use in leather manufacturing and wood adhesives. Europe holds the largest market share, followed by North America, attributed to the high demand in the wine industry and leather goods. The Asia-Pacific region, along with Central and South America and the Middle East & Africa, is also expected to witness substantial growth, supported by infrastructure development and increased consumer spending on construction and renovation projects.
The market is characterized by a dominance of plant-based tannins, derived from sources like cranberries, blueberries, and various nuts, which are favored for their protective and growth-regulating properties. The ease of procurement and manufacturing processes for these tannins contributes to market expansion. The global tannin market is fragmented, with numerous regional and domestic players. Companies are focusing on mergers, expansions, acquisitions, and partnerships, alongside new product development, to enhance their market presence. Notable collaborations, such as those between WWF-Brazil and Tanac SA, and Rehap with the Bio Base Europe Pilot Plant, highlight strategic efforts to advance tannin extraction and application technologies.
Tannin Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Source
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2.1.1 Naural Tannin Extract
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2.1.2 Synthetic Tannin extract
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2.2 By Application
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2.2.1 Food & Beverage
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2.2.1.1 Wine
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2.2.1.2 RTD Drinks
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2.2.1.3 Others
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2.2.2 Pharmaceutical
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2.2.3 Leather
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of MEA
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Tannin Market Size 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.
