The tannin market offers a range of types, including gallotannins (GTS), known for their medicinal properties, ellagitannins (ETS) with antioxidant benefits, and proanthocyanidins (PAS) or Condensed tannins (CTS) contributing to color stability and flavor enhancement in wines. Complex tannins offer versatile applications. Each type caters to industries such as pharmaceuticals, food, and beverages. The diverse properties and applications of these tannin types underscore their significance in various sectors, driving the growth and adoption of tannins worldwide.
Access Full Report @ https://www.databridgemarketresearch.com/pt/reports/north-america-tannin-market
Data Bridge Market Research analyses that the North America Tannin Market value, which was USD 302.33 million in 2021, is expected to reach the value of USD 492.90 million by 2029, at a CAGR of 6.3% during the forecast period 2022-2029. The tannin market is driven by the increasing demand for wine production, fueled by the global growth in wine consumption. Tannins are vital in enhancing flavor profiles and characteristics in wines, making them a key component in winemaking and contributing to market expansion.
Key Findings of the Study
Health-conscious consumer trends are expected to drive the market's growth rate
The tannin market is experiencing growth due to health-conscious consumer trends, where individuals increasingly prioritize healthier choices in food and beverages. Tannins, known for their antioxidant properties and potential health benefits, align with this trend. Their incorporation into products resonates with consumers seeking natural and beneficial ingredients, driving the market forward. As health awareness continues to rise, the demand for tannins in food and beverage applications expands, substantiating their role in catering to health-conscious consumer preferences.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Tannin Type (Gallotannins (GTS), Ellagitannins (ETS), Proanthocyanidins (PAS) or Condensed Tannins (CTS), and Complex Tannins), Product Type (Hydrolysable, Non-Hydrolysable, and Phlorotannin), Source (Plant Source, Brown Algae Source, and Synthetic Source), Form (Powder and Liquid), Application (Beverages, Food, Dietary Supplements, Pharmaceutical, Animal Nutrition, Wood Adhesive, Leather Tanning, and Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America.
|
|
Market Players Covered
|
UCL Company (Pty) Ltd (South Africa), LAFFORT (France), W. ULRICH GmbH (Germany), Tannin Corporation (U.S.), TANAC (Brazil), Eaton (Ireland), Ajinomoto OmniChem (Japan), Esseco Srl (Italy), Balchem Inc. (U.S.), Chemtan Company, Inc. (U.S.), Perdomini-IOC S.p.A. (Italy), MARTIN VIALATTE (France), AGROVIN (Spain)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The North America tannin market is segmented into five notable segments bifurcated on tannin type, product type, source, form, and application
- On the basis of tannin type, the North America tannin market is segmented into gallotannins (GTS), ellagitannins (ETS), proanthocyanidins (PAS) or condensed tannins (CTS), and complex tannins
- On the basis of product type, the North America tannin market is segmented into hydrolysable, non-hydrolysable, and phlorotannin
- On the basis of source, the North America tannin market is segmented into plant source, brown algae source, and synthetic source
- On the basis of form, the North America tannin market is segmented into powder and liquid
- On the basis of application, the North America tannin market is segmented into beverages, food, dietary supplements, pharmaceutical, animal nutrition, wood adhesive, leather tanning, and others
Major Players
Data Bridge Market Research recognizes the following companies as the North America tannin market players in North America tannin market are UCL Company (Pty) Ltd (South Africa), LAFFORT (France), W. ULRICH GmbH (Germany), Tannin Corporation (U.S.), TANAC (Brazil), Eaton (Ireland).
Market Developments
- In 2021, UCL Company (Pty) Ltd strategically expanded its tannin market in the KwaZulu-Natal midlands, demonstrating resilience amid the global COVID-19 challenges. This initiative instilled hope among shareholders and sustained employment for workers and small-scale growers in the local community. The expansion aimed at securing a robust supply chain by extracting raw materials, contributing to the economic stability of KwaZulu-Natal midlands amid pandemic-induced uncertainties
- In 2021, Evonik Industries AG partnered with Rajulene GmbH, a German company specializing in natural plant extracts, to forge a strategic partnership. This alliance focused on pioneering new and innovative products within plant-based tannins. The partnership leverages Evonik's expertise and Rajulene's proficiency in natural plant extracts, aiming to advance sustainable solutions and meet evolving demands in the field of tannin production and applications
- In 2020, Tannin Corporation, a prominent U.S.-based manufacturer specializing in wet-end leather chemicals, bisulfates, and fatliquors, expanded its product portfolio with new fatliquors and dispersing agents. This strategic move diversified the company's offerings and enhanced its capacity to cater to evolving market demands. The introduction of these innovative products reinforced Tannin Corporation's commitment to staying at the forefront of advancements in the leather chemicals industry
- In 2020, Laffort SA acquired Enartis USA, a prominent wine and juice processing product supplier in North America. This strategic acquisition aimed to fortify Laffort's global presence in the tannin market and broaden its product portfolio. By integrating Enartis USA's expertise, Laffort sought to enhance its capabilities and offerings, reinforcing its commitment to providing comprehensive solutions in the wine and juice processing industry
Regional Analysis
Geographically, the countries covered in the North America tannin market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is the dominant country in the North America tannin market during the forecast period 2022-2029
The U.S. dominates the tannin industry, attributed to a heightened demand for tannin in wine manufacturing. As the wine sector expands, tannins enhance flavor profiles and characteristics. The increased utilization of tannins in the U.S. aligns with the growing popularity of wine consumption, positioning the country as a major player in the tannin market, focusing on meeting the specific needs of the wine manufacturing sector.
Mexico is expected to dominate the North America tannin market in the forecast period 2022-2029
Mexico is expected to dominate the tannin market, primarily driven by a rising demand for vegetable tannin. As awareness regarding sustainable and natural tanning agents increases, the demand for vegetable-based tannins has surged. This growth in preference aligns with the eco-friendly and health-conscious trends, positioning Mexico as a key market player. The increased adoption of vegetable tannins signifies a shift towards environmentally responsible practices in industries that rely on tanning agents.
For more detailed information about the North America tannin market report, click here – https://www.databridgemarketresearch.com/pt/reports/north-america-tannin-market
