MARKET INTRODUCTION

Tannins are naturally occurring polyphenols that can be found in chocolate, tea, nuts, legume trees, and fruits such as blueberry, grapes, persimmon, etc. Tannins are present in parts of plants such as bark, leaves, roots, plant galls, fruits, and fruit pods. They have the ability to bind and precipitate readily with proteins, starches, cellulose, and minerals. Tannins are responsible for imparting vibrant colors to flowers and leaves. Tannins find applications in the leather, pharmaceutical, cosmetics, textile, animal nutrition, and various other industries.

MARKET DYNAMICS

The prevalent use of tannins in the leather and tanning industry to bind the protein collagen and prevent the disintegration of the collagen fibers by turning them into leather is anticipated to drive the tannin market in the future. The growing demand for leather bags, footwear, and other leather goods is likely to have a positive impact on the tannin market. Tannins also play an important role in the wine marking process as they prevent premature oxidation of wines and assisting in stabilizing the color of the wine. They are used in the wine industry chiefly as clarifying agents in wine and beer production. The growing consumption of wine across the globe is expected to support the growth of the allied tannin market. Tannins are widely used in the pharmaceutical industry, owing to their anti-cancer and anti-oxidant properties. They are used in the herbal preparation to treat sore throat, bronchitis, scars, burns, and insect bites. The widespread use of tannin across the leather, winemaking, pharmaceutical, and other industries is anticipated to spur the growth of the tannin market.

MARKET SCOPE

The "Global Tannin Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tannin market with detailed market segmentation by source, product, application, and geography. The global tannin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tannin market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global tannin market is segmented on the basis of source, product, and application. On the basis of source, the tannin market is segmented into, plant and brown algae. On the basis of product, the market is bifurcated into, hydrolysable, non-hydrolysable, and phlorotannins. Based on application, the global tannin market is segmented into, leather tanning, wine production, wood adhesives, anti-corrosive primers, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global tannin market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tannin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the tannin market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tannin market in these regions.

MARKET PLAYERS

The reports cover key developments in the tannin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tannin market are anticipated to lucrative growth opportunities in the future with the rising demand for tannin in the global market. Below mentioned is the list of few companies engaged in the tannin market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tannin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- ABOUT W. ULRICH
- EVER SRL
- LAFFORT
- MAGANLAL SHIVRAM AND COMPANY
- MIMOSA EXTRACT COMPANY(PTY) LTD
- POLSON PTY. LTD.
- S.A. AJINOMOTO OMNICHEM N.V - NATURALSPECIALITIES
- SILVATEAM
- TANAC
- TANNIN CORPORATION

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