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Tannin Market by Source (Plant-based, Animal-based, Synthetic), by Product Type (Hydrolysable, Non-hydrolysable, Phlorotannin), by Application (Leather Industry, Wine and Beverage Industry, Wood Adhesives, Medical and Pharmaceutical Industry, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Tannin Market was valued at USD 2.72 Billion in 2024 and is projected to reach USD 4.34 Billion by 2033, with an expected CAGR of 6.9% during the forecast period. Tannins are a group of polyphenolic compounds found in a variety of plant-based foods, including tea, wine, fruits, nuts, and certain herbs. These compounds are known for their astringent taste, which can cause a dry, puckering sensation in the mouth. Tannins are naturally occurring in plant tissues, particularly in bark, seeds, leaves, and fruit skins, where they serve as a defense mechanism against herbivores and pathogens due to their bitter and toxic properties. Tannins are water-soluble and are capable of binding to proteins, which is why they have such strong astringency. In addition to their culinary use, tannins have been studied for their potential health benefits, including antioxidant properties, which can help protect cells from oxidative stress and reduce inflammation. Tannins are also known for their ability to act as natural preservatives, as they can inhibit the growth of bacteria and fungi. While they are consumed in foods and beverages such as tea, red wine, and some fruits, tannins can interfere with the absorption of certain nutrients, like iron, when consumed in large quantities. Nonetheless, tannins are valued not only for their role in flavor and preservation but also for their potential medicinal properties, including their use in traditional remedies for diarrhea and skin conditions. This expansion is attributed to factors such as the growing demand for tannins in various industries, including leather, wine, beverage, and pharmaceuticals. Additionally, the increasing awareness of the health benefits associated with tannins, such as their antioxidant and antimicrobial properties, has further fueled market growth.
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Market Size: The global tannin market is estimated to be valued at USD 2.72 billion in 2022 and is projected to reach USD 4.15 billion by 2029.
Market Share: Major players in the tannin market include Balchem, EVER s.r.l, Laffort, Mimosa S.A., and Polson Limited. These companies collectively hold a significant market share, with Balchem being the leading supplier.
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.9% from 2019-2033 |
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Note* : In applicable scenarios
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