USD 2.53 billion
Tannin Market Size, Share, Growth Analysis, By Type(Hydrolysable, non-hydrolysable and Phlorotannins), By Application(Leather tanning, wine production, wood adhesives, anti-corrosive primers and others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15B2107 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Tannin Market Insights
Tannin Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
Global Tannin Market continues to experience significant growth and diversification, driven by various factors. Tannins, naturally occurring polyphenolic compounds found in plants, are widely utilized across multiple industries, including food and beverages, leather tanning, wood adhesives, healthcare, and animal feed. The demand for tannins as a natural preservative and antioxidant in the food and beverage industry, particularly in the wine sector, remains high, contributing to the market expansion. The leather industry continues to be a major consumer of tannins, employing them in the process of tanning hides and creating durable leather products. Additionally, ongoing advancements in research and technology are fostering the development of new applications for tannins in nutraceuticals, pharmaceuticals, and cosmetic products, further boosting market growth. Furthermore, the rising trend of eco-friendly and organic products is propelling the demand for tannins, as they are sourced from renewable plant-based materials. Additionally, the increasing adoption of tannins in the healthcare and pharmaceutical sectors for their potential health benefits is opening up new avenues of growth for the global tannin market. Geographically, North America is prominent market due to their burgeoning wine and leather industries, while Asia-Pacific is rapidly growing. Nevertheless, challenges such as fluctuating raw material costs and increasing environmental concerns related to tannin extraction continue to be factors to consider for market expansion. Overall, the global market is poised for continued growth, driven by diverse applications, increasing consumer awareness of natural and sustainable products, and ongoing research and innovation in the field.
US Tannin Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hydrolysable
Fastest Growth
Hydrolysable
Growth Rate
5.6% CAGR
Global Tannin Market ($ Bn)
Country Share for North America Region (%)
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Tannin Market Segmental Analysis
Global Tannin Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Hydrolysable, non-hydrolysable and Phlorotannins. Based on application, the market is segmented into Leather tanning, wine production, wood adhesives, anti-corrosive primers and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Tannin Market Analysis By Type
The hydrolysable tannins segment currently holds the dominant position in the global tannin market. Hydrolysable tannins are widely used in various applications, such as food and beverages, leather tanning, and pharmaceuticals, owing to their versatility and effectiveness as natural antioxidants and preservatives. The strong demand from these industries contributes to the dominant position of hydrolysable tannins in the market.
Phlorotannins are emerging as the fastest-growing segment in the global tannin market. These unique tannins are predominantly derived from brown seaweeds and have gained attention for their potent antioxidant properties and potential health benefits. With increasing research and utilization of phlorotannins in nutraceuticals, functional foods, and skincare products, this segment is experiencing rapid growth and is expected to further expand its market share in the coming years.
Tannin Market Analysis By Application
The dominant segment in the global tannin market is leather tanning. Tannins have been traditionally used in leather processing to impart durability and strength to leather products. With the continued demand for leather goods in fashion, automotive, and upholstery industries, the leather tanning application remains a significant driver of tannin consumption globally.
The fastest-growing segment in the global tannin market is wood adhesives. Tannins are increasingly being utilized as natural adhesives for wood bonding due to their eco-friendly and non-toxic nature. As sustainability and environmental consciousness gain prominence in construction and woodworking industries, the demand for tannin-based wood adhesives is rapidly increasing, making it the fastest-growing application segment in the tannin market.
Global Tannin Market By Type
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Tannin Market Regional Insights
North America currently holds the dominant position in the global tannin market. The region has a strong presence in the wine and leather industries, driving the demand for tannins in both applications. Additionally, the growing popularity of natural and organic products in North America has further contributed to the dominance of this region in the tannin market.
Asia Pacific is the fastest-growing region in the global tannin market. The region's expanding population, increasing disposable income, and rising awareness about the benefits of tannins in various industries are driving the market's growth. Moreover, Asia Pacific's booming wine production and growing leather and wood processing industries are fueling the demand for tannins, making it the fastest-growing region in the global tannin market.
Global Tannin Market By Geography
- Largest
- Fastest
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Tannin Market Dynamics
Tannin Market Drivers
Increasing demand for natural and sustainable products across various industries
- One key driver of the global tannin market is the growing demand for natural and sustainable products across various industries. As consumers increasingly seek products with minimal chemical additives and environmentally friendly characteristics, the utilization of tannins, which are derived from renewable plant-based sources, gains traction. This demand for eco-friendly alternatives in food and beverages, leather products, and other applications is propelling the growth of the tannin market.
Tannin Market Restraints
Fluctuating raw material costs
- Fluctuating raw material costs represent a key restraint for the global tannin market. Tannins are primarily extracted from plant sources, and factors such as climate conditions, agricultural practices, and supply chain disruptions can cause fluctuations in the availability and prices of raw materials. This volatility in raw material costs can impact the profitability of tannin producers and create challenges in maintaining stable pricing for end products.
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Tannin Market Competitive Landscape
The competitive landscape of the global tannin market is characterized by intense competition among key players striving to expand their market share and enhance their product offerings. Companies are focusing on research and development to explore new applications for tannins, optimize extraction processes, and improve product quality. Additionally, partnerships, collaborations, and strategic acquisitions are common strategies employed to strengthen market position and gain access to new geographical markets. With increasing consumer awareness about the benefits of natural and sustainable products, the competitive environment is expected to remain dynamic, driving innovation and differentiation among market players.
Tannin Market Top Player’s Company Profiles
- Forestal Mimosa Ltd. (Chile)
- Ever s.r.l. (Italy)
- UCL Company (Pty) Ltd. (South Africa)
- LaffortSA (France)
- Zhushan County Tianxin Medical & Chemical Co., Ltd. (China)
- W. Ulrich GmbH (Germany)
- Tanin Sevnica d.d. (Slovenia)
- Jyoti Dye Chem Agency (India)
- Tanac S.A. (Brazil)
- Silvateam S.p.A. (Italy)
- Indena S.p.A. (Italy)
- TANAC (USA) Inc. (US)
- Tannin Energy Pvt Ltd. (India)
- Sisco Research Laboratories Pvt. Ltd. (India)
- Laffort USA (US)
- Jyoti Chemicals (India)
- Teck Guan Group (Malaysia)
Tannin Market Recent Developments
- In 2021, Evonik Industries AG formed a strategic alliance with Rajulene GmbH, a German company specializing in natural Plant Extracts, with the objective of collaboratively developing novel and cutting-edge products within the domain of plant-based tannins.
Tannin Key Market Trends
- Increasing demand for natural and sustainable products across various industries: One key market trend in the global tannin market is the increasing demand for natural and sustainable products across various industries. Consumers' growing preference for eco-friendly and plant-based solutions has driven the exploration and utilization of tannins in diverse applications, such as food and beverages, leather tanning, pharmaceuticals, and nutraceuticals. This trend reflects a shift towards more environmentally conscious choices and drives innovation in the tannin market.
Tannin Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Tannin Market analysis, the global market is witnessing significant growth driven by factors such as the rising demand for natural and sustainable products, the expansion of applications in various industries, and advancements in research and technology. Key segments include hydrolysable tannins, dominant in the market, and phlorotannins, the fastest-growing segment. Leather tanning and wood adhesives are dominant and fastest-growing applications, respectively. North America holds a dominant position, while Asia Pacific is the fastest-growing region. The market is characterized by intense competition among key players, with a focus on innovation, strategic partnerships, and acquisitions. However, fluctuating raw material costs remain a challenge. Overall, the market's trajectory is driven by consumer preference for eco-friendly solutions and the ongoing pursuit of new applications and sustainable practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.53 billion |
| Market size value in 2031 | USD 4.13 billion |
| Growth Rate | 5.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Tannin Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Tannin Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Tannin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tannin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tannin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tannin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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