Global tannin market is anticipated to grow at a significant CAGR of 11.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand from various end-use industries such as leather tanning, wood adhesives, wine production, and healthcare. Tannins, natural polyphenolic compounds found in plants, offer a wide range of functional properties including antioxidant, antibacterial, and astringent properties. To meet the growing demand from end-user industries key players are entering into strategic partnerships.
Browse the full report description of “Tannin Market Size, Share & Trends Analysis Report by Source (Plants and Brown Algae), by Product (Hydrolysable, Non-hydrolysable and Phlorotannins), and by Application (Leather Tanning, Wine Production, Wood Adhesives and Anti-corrosive Primers) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/tannin-market
For instance, in May 2022, Borregaard ASA formed a strategic partnership with Tannins Unlimited Ltd., a prominent provider of quebracho tannins, to distribute the latter's tannins across Europe. This collaboration is anticipated to enhance Borregaard ASA's market presence in Europe while granting its clientele access to an extended selection of tannin products.
Further, in 2021, Evonik Industries AG established a strategic partnership with Rajulene GmbH, a German firm specializing in natural plant extracts. The collaboration aims to jointly innovate and create advanced products in the field of plant-based tannins.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Source
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Polson Ltd., Ajinomoto Co., Inc., ESSECO Srl, Sisco Research Laboratories Pvt. Ltd., Laffort and others.
Key questions addressed by the report.
Global Tannin Market Report Segment
By Source
By Product
By Application
Global Tannin Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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