According to a new report, published by KBV research, 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).
Innovations in the tannin market are driving advancements in extraction techniques, formulation technologies, and product development strategies, expanding the applications and functionalities of tannins across various industries. Researchers and manufacturers are exploring novel extraction methods to optimize tannin yield, purity, and functionality. Advanced techniques such as supercritical fluid extraction, ultrasound-assisted extraction, and enzymatic hydrolysis enhance efficiency, reduce processing time, and minimize solvent usage, resulting in higher-quality tannin extracts with improved bioactivity.
biotechnological approaches such as genetic and metabolic engineering are being explored to enhance tannin production and modify tannin profiles in plant sources. By optimizing tannin biosynthesis pathways and engineering plant genomes, researchers aim to develop tannin-rich crops with improved agronomic traits, nutritional properties, and industrial applications, paving the way for sustainable and scalable tannin production. Tannins are combined with other functional ingredients to create synergistic formulations with enhanced health benefits and performance attributes.
The tannin market is experiencing significant expansion driven by growing consumer demand for natural, sustainable, and functional ingredients across various industries. With increasing health and wellness awareness, there is a rising preference for products formulated with tannins, which offer antioxidant, anti-inflammatory, and antimicrobial properties. As companies continue to invest in research and development and explore new markets and applications, the tannin market is poised for continued growth and diversification, catering to evolving consumer preferences and industry trends.
The Brown Algae segment would exhibit a CAGR of 6.1% during (2023 - 2030). Brown algae contain polyphenolic compounds, including phlorotannin, which are structurally different from tannins in terrestrial plants. These unique compounds offer distinct properties and functionalities, making them valuable for various applications in cosmetics, pharmaceuticals, and food industries. These bioactive properties make brown algae-derived tannins appealing in products promoting health and wellness.
The Hydrolysable segment is generating highest revenue in the Global Tannin Market by Product in 2022; thereby, achieving a market value of $1.7 Billion by 2030. Hydrolysable tannins can often be purified to a high degree, making them desirable for applications where purity is crucial, such as pharmaceuticals and high-end cosmetics. This purity ensures consistent performance and quality in end products. Also, many hydrolysable tannins possess notable bioactive properties, including antioxidant, antimicrobial, and anti-inflammatory effects.
The Wood Adhesives segment is experiencing a CAGR of 5.3% during (2023 - 2030). Tannin-based adhesives typically emit lower levels of formaldehyde than conventional synthetic adhesives, such as urea-formaldehyde and phenol-formaldehyde. Formaldehyde emissions from adhesives can contribute to indoor air pollution and health concerns. Tannin-based adhesives offer a safer and more environmentally friendly alternative, making them attractive for use in interior applications with low emissions, such as furniture, cabinetry, and flooring.
Full Report: https://www.kbvresearch.com/tannin-market/
The Europe region dominated the Global Tannin 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. The North America region is anticipated to grow at a CAGR of 5.4% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.4% during (2023 - 2030).
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)
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