Tannin - Global Strategic Business Report

The global market for Tannin was estimated at US$2.9 Billion in 2023 and is projected to reach US$4.6 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Tannin Market - Key Trends and Drivers Summarized

How Is Tannin Contributing to Industrial Applications and Health Benefits?

Tannin is a natural polyphenolic compound found in various plants, including trees, fruits, and nuts. Known for its astringent properties, tannin plays a significant role in industries like leather production, wine making, pharmaceuticals, and food additives. In leather production, tannin is used for tanning hides, transforming raw animal skins into durable leather. In the wine industry, tannins contribute to the texture, flavor, and aging potential of red wines. Additionally, tannins are used in pharmaceuticals for their antioxidant, antimicrobial, and anti-inflammatory properties, supporting health and wellness products. With its versatile applications across sectors, tannin remains a valuable natural resource.

What Are the Key Segments in the Tannin Market?

Key sources include plants, wood, and fruits, with plant-based tannins holding the largest market share due to their wide availability and use in leather tanning and food processing. Applications cover leather tanning, wine production, pharmaceuticals, and animal nutrition, with leather tanning representing a significant segment driven by the global demand for durable and high-quality leather goods. Types of tannin include hydrolyzable, condensed, and phlorotannins, with condensed tannins leading the market owing to their effectiveness in leather tanning and stability in wine production.

How Is Tannin Integrated Across Industrial Applications?

In leather tanning, tannin binds with collagen fibers in hides, stabilizing the leather and increasing its resistance to decomposition, making it suitable for a wide range of products like shoes, bags, and furniture. In wine production, tannin interacts with other compounds to provide structure, color stability, and astringency, affecting the wine's taste and aging characteristics. In pharmaceuticals, tannins are incorporated into supplements, skin care, and oral care products, utilizing their antioxidant and antimicrobial benefits. Additionally, in animal nutrition, tannins are used to improve feed quality and reduce methane emissions, supporting sustainable livestock management.

What Factors Are Driving the Growth in the Tannin Market?

The growth in the Tannin market is driven by several factors, including increasing demand for leather products, expanding wine production, and growing awareness of the health benefits of tannins. Innovations in extraction methods, such as more sustainable and efficient processes, have supported broader applications across industries. The focus on natural and eco-friendly ingredients in food, beverages, and pharmaceuticals has further fueled demand, as tannin offers functional and health benefits. Additionally, rising global consumption of red wine, expanding leather production for fashion and automotive interiors, and growing investments in natural supplements have contributed to market growth, encouraging the adoption of tannin across diverse sectors.

Scope of the Study

The report analyzes the Tannin market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.

Segments

Product Segment (Hydrolysable, Non-Hydrolysable, Phlorotannin); Application (Leather Tanning, Wood Adhesives, Wine Production, Other Applications)

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hydrolysable Tannin segment, which is expected to reach US$2.2 Billion by 2030 with a CAGR of a 7.4%. The Non-Hydrolysable Tannin segment is also set to grow at 6.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $750.3 Million in 2023, and China, forecasted to grow at an impressive 10.5% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Tannin Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Tannin Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Tannin Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Tannin Market such as Jyoti Dye Chem Agency, Laffort, Polson Ltd., Silvateam S.p.a., Tanac S.A. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 43 companies featured in this Global Tannin Market report include:

• Jyoti Dye Chem Agency
• Laffort
• Polson Ltd.
• Silvateam S.p.a.
• Tanac S.A.
• Tanin Sevnica d.d.
• W. Ulrich GmbH
• S.A. Ajinomoto OmniChem N.V
• EVER s.r.l.
• Tannin Corporation