“Global Tannin Market to reach a market value of USD 3.6 Billion by 2030 growing at a CAGR of 5.6%”
The Global Tannin Market size is expected to reach $3.6 billion by 2030, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,594.03 Hundred Tonnes, experiencing a growth of 2.8% (2019-2022).
Europe is home to various industries that utilize tannins in various applications. Therefore, the Europe region captured $984.71 million revenue in the market in 2022. Also, Germany utilized 235.23 Hundred Tonnes in 2022. These include the leather industry for tanning hides, the wine industry for aging and flavor enhancement, the wood industry for adhesives and preservation, the pharmaceutical industry for medicinal purposes, and the food and beverage industry for flavoring and antioxidant properties.
There is a rising demand for goods created with natural ingredients as consumers’ concerns about their health and well-being develop. These are natural and nutritious additives that appeal to health-conscious consumers. They are produced from plant sources such as fruits, leaves, and tree bark. Therefore, rising preference for natural ingredients is driving the market’s growth.
Additionally, increased R&D efforts in the market led to the discovery of new extraction techniques, formulation methods, and applications for tannins. Innovative products and technologies developed through R&D initiatives expand the range of products available in the market, offering manufacturers and consumers more choices and opportunities for use. Thus, the growing research and development activities propel the market’s growth.
However, these are primarily extracted from various plant sources, including tree bark, fruits, and leaves. However, the availability of these plant materials is often subject to seasonal fluctuations, as plant growth cycles, environmental conditions, and harvest seasons impact the quantity and quality of raw materials available for its extraction. Hence, seasonal variability and sourcing challenges are hampering the market’s growth.
Based on application, the market is categorized into leather tanning, wine production, wood adhesives, anti-corrosive primers, and others. In 2022, the leather tanning segment registered 61.8% revenue share in the market. These are crucial agents in the leather tanning process. They chemically bind to collagen fibers in animal hides, transforming them into durable and flexible leather.
Based on source, the market is bifurcated into plants and brown algae. In 2022, the plants segment garnered 59.4% revenue share in the market. Plants are a readily available source of tannins. They can be sourced from various parts of plants, such as bark, leaves, and fruits, which are often byproducts of other industries like agriculture and forestry.
On the basis of product, the market is segmented into hydrolysable, non-hydrolysable, and phlorotannin. In 2022, the non-hydrolysable segment attained 30.1% revenue share in the market. Non-hydrolysable tannins, also known as condensed tannins or proanthocyanidins, are more stable than hydrolysable tannins.
Free Valuable Insights: Global Tannin Market size to reach USD 3.6 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated 24.3% revenue share in the market. There is a growing awareness among consumers in the Asia-Pacific region about the benefits of natural and sustainable products.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.4 Million |
| Market size forecast in 2030 | USD 3.6 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.6% from 2023 to 2030 |
| Quantitative Data | Volume in Hundred Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 311 |
| Number of Tables | 710 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Source, Product, Application, Region |
| Country scope |
|
| Companies Included | Tannin Corporation, Ajinomoto Co., Inc., Esseco S.r.l, UCL Company (Pty) Ltd, LAFFORT, W. Ulrich GmbH, TANIN d.d. Sevnica., Silvateam S.p.a., Indena S.p.A., Sisco Research Laboratories Pvt. Ltd. |
By Source (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Product (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD $3.6 billion by 2030.
Expansion of the global wine and spirits industry are driving the Market in coming years, however, Negative perception of tannins in consumer products restraints the growth of the Market.
Tannin Corporation, Ajinomoto Co., Inc., Esseco S.r.l, UCL Company (Pty) Ltd, LAFFORT, W. Ulrich GmbH, TANIN d.d. Sevnica., Silvateam S.p.a., Indena S.p.A., Sisco Research Laboratories Pvt. Ltd.
In the year 2022, the market attained a volume of 2,594.03 Hundred Tonnes, experiencing a growth of 2.8% (2019-2022).
The Hydrolysable segment is generating highest revenue in the Market by Product in 2022; thereby, achieving a market value of $1.7 Billion by 2030.
The Europe region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.4 Billion by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 