Tannin Market Analysis

Tannin Market Analysis

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Based on source, the plant-based source segment dominated around USD 1.8 billion revenue in 2023. Plant-based tannins, derived from sources such as bark, wood, leaves, and fruits, dominate the market share owing to their widespread availability and increasing demand for sustainable and natural products. With consumers gravitating towards eco-friendly choices, plant-based tannins have gained prominence across various industries, particularly in applications such as leather tanning, food and beverages, and pharmaceuticals.
 

Based on product type, the hydrolysate segment accounted for 64.2% of the tannin market share in 2023. Known for their solubility in water and diverse applications, hydrolysable tannins are widely utilized in industries such as leather tanning, wood adhesives, and pharmaceuticals. Non-hydrolysable tannins, also referred to as condensed tannins, represent another substantial segment in the market. These tannins are characterized by their resistance to hydrolysis and are found in various plant sources, such as bark, seeds, and fruits. Non-hydrolysable tannins are valued for their astringent properties and are commonly employed in the production of wines, as well as in the pharmaceutical and cosmetic industries.
 

Based on application, the market is categorized into Leather Industry, Wine and Beverage Industry, Wood Adhesives, Medical and Pharmaceutical Industry and Others. Leather industry is anticipated to witness healthy growth during 2024 to 2032. In the wine and beverage industry, tannins contribute to the sensory attributes of beverages, particularly in wines, influencing taste, color, and mouthfeel. This segment holds a significant market share as the global demand for wine continues to rise, and winemakers explore tannins for their impact on product quality.
 

Asia Pacific tannin market size held over USD 990 million in 2023, driven by its robust presence in the leather industry and increasing demand for tannins in other sectors. The country's extensive manufacturing capabilities and growing economy contribute to its pivotal role in the market.  India, another major contributor to the market share, showcases a strong presence in both traditional industries like leather and emerging sectors such as pharmaceuticals and nutraceuticals. The region's rich biodiversity, providing diverse sources for tannin extraction, further enhances its prominence in the market.