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Tannin Market Share

Report ID: GMI1684
Published Date: Feb 2024
Report Format: PDF

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Tannin Market Share

The competitive landscape of the tannin industry is characterized by the presence of several key players, each contributing to the industry's growth and development. Some prominent companies in this space include Balchem, EVER s.r.l, Laffort, Mimosa S.A., Polson Limited, S.A. Ajinomoto OmniChem N.V, Silvateam S.p.a, TANAC, Tannin Corporation, and W. Ulrich GmbH.

Balchem is recognized for its diversified portfolio and innovations in the tannin industry, catering to various industries such as leather, food, and beverages. Similarly, EVER s.r.l and Laffort specialize in providing tannin solutions for winemaking, showcasing their expertise in the beverage industry.

Mimosa S.A. and Polson Limited contribute significantly to the tannin market, particularly in the leather industry, offering tannin extracts derived from plant sources like bark and wood. Silvateam S.p.a stands out as a global player with a broad product range, focusing on both hydrolysable and non-hydrolysable tannins for diverse applications. TANAC, Tannin Corporation, and W. Ulrich GmbH are key contributors with a strong presence in the market, offering a range of tannin products for various industries, including pharmaceuticals, wood adhesives, and more.

The degree of concentration in the tannin market appears to be moderate, with a mix of well-established multinational corporations and specialized regional players. While a few companies have a global presence, others may have a more localized focus, contributing to a balanced degree of fragmentation in the market. The competition is marked by a blend of companies with expertise in specific applications, creating a diverse and competitive landscape in the market.

Tannin Market Companies

Major companies operating in the tannin industry include:

Balchem
EVER s.r.l
Laffort
Mimosa S.A.
Polson Limited
S.A. Ajinomoto OmniChem N.V
Silvateam S.p.a
TANAC
Tannin Corporation
W. Ulrich GmbH

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of tannin reached USD 2.72 billion in 2023 and is set to witness 6.9% CAGR from 2024 to 2032, propelled by rising popularity of natural antioxidants in the F&B sector.

Plant-based segment held the dominant market share worth USD 1.8 billion in 2023, favored by widespread availability and increasing demand for sustainable and natural products.

Asia Pacific market surpassed USD 990 million revenue in 2023, attributed to the booming leather sector, and increasing demand for tannins in other sectors.

Balchem, W. Ulrich GmbH, EVER s.r.l, Tannin Corporation, Laffort, TANAC, Mimosa S.A., Silvateam S.p.a, Polson Limited and S.A. Ajinomoto OmniChem N.V.