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Data Bridge Market Research analyses that the South America Tannin Market, which was USD 282.30 million in 2021, is expected to reach USD 446.57 million by 2029 and is expected to undergo a CAGR of 5.9% during the forecast period from 2022-2029. The South American tannin market is thriving due to heightened demand in the leather industry. Tannins are crucial in ensuring environmentally friendly and high-quality tanning processes in response to industry needs.
Key Findings of the Study
Expanding applications in wine production is expected to drive the market's growth rate
Tannins play a crucial role in South America wine production, where their applications extend to flavor enhancement and stabilization. As the regional wine industry experiences growth, the demand for tannins continues to rise. Winemakers use tannins to refine and enrich wines' flavor profiles, improving quality and stability. This expanding role underscores tannins' significance in enhancing the sensory experience and ensuring the longevity of wines in the dynamic South America wine market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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Brazil, Argentina, Colombia, Peru, Chile, Uruguay, Paraguay and Rest of South America
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Market Players Covered
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TANAC (Brazil), Eaton (Ireland), Ajinomoto OmniChem (Japan), Tanin d.d. (Croatia), Esseco Srl (Italy), Balchem Inc. (U.S.), Chemtan Company, Inc. (U.S.)
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Data Points Covered in the Report
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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.
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Segment Analysis:
The South America tannin market is segmented on the basis of tannin type, product type, source, form, and application.
- On the basis of tannin type, the 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 tannin market is segmented into hydrolysable, non-hydrolysable, and phlorotannin
- On the basis of source, the tannin market is segmented into plant source, brown algae source, and synthetic source
- On the basis of form, the tannin market is segmented into powder and liquid
- On the basis of application, the 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 major South America tannin market players in South America tannin market are TANAC (Brazil), Eaton (Ireland), Ajinomoto OmniChem (Japan), Tanin d.d. (Croatia), Esseco Srl (Italy), Balchem Inc. (U.S.), Chemtan Company, Inc. (U.S.)
Market Developments
- In June 2021, Enartis launched the Easytech product line, simplifying preparation processes, conserving resources, and strengthen sustainability. This innovation streamlined operations by minimizing equipment, energy, water, and tannin extraction needs. The resulting boost in efficiency contributed substantially to revenue growth and solidified Enartis' standing as an industry leader, showcasing its commitment to progressive and sustainable winemaking practices
- In 2021, Evonik Industries formed a partnerd with Rajulene GmbH, specializing in plant-based tannins. This strategic partnership capitalizes on Rajulene's natural ingredient expertise, expanding Evonik's portfolio for sustainable solutions. Aligned with Evonik's commitment to eco-friendly practices, the partnership enhances its ability to offer innovative products across industries, reinforcing market responsiveness and environmental responsibility
- In 2020, Silvateam S.p.A. announced a strategic expansion of its tannin production capacity in Brazil, responding to growing demand in sectors such as food and beverage, cosmetics, and pharmaceuticals. This initiative aimed to strengthen Silvateam's market position, enabling the company to effectively meet the increasing demand for tannin products while enhancing its ability to fulfill customer requirements across diverse industries
- In 2020, Tannin Corporation collaborated with U.S.-based B&D Nutritional Ingredients, Inc. Together, they aimed to develop innovative dietary supplements, leveraging the unique properties of tannins. This collaboration aimed to capitalize on the rising consumer interest in natural and functional supplements, emphasizing health and nutritional benefits through their combined expertise in the field
- In 2020, Laffort SA strengthened its global position in the tannin market by acquiring Enartis USA, a major supplier in North America. This strategic move aimed to diversify Laffort's product portfolio, leveraging Enartis USA's expertise. The acquisition bolstered Laffort's industry presence, providing customers with an expanded range of solutions and reinforcing its commitment to excellence in wine and juice processing products
Regional Analysis
Geographically, the countries covered in the South America tannin market report are Brazil, Argentina, Colombia, Peru, Chile, Uruguay, Paraguay and Rest of South America
As per Data Bridge Market Research analysis:
Brazil is the dominant country in South America tannin market during the forecast period 2022-2029
Brazil dominates the South America tannin market, driven by a heightened demand for tannins in wine manufacturing. The country's flourishing wine industry propels the surge in tannin consumption, reflecting a strategic dominance. As Brazil's wine production expands, its influence on the regional tannin market also expands, establishing the nation as a key player in meeting the escalating demand within the South America viticulture landscape.
Argentina is estimated to be the fastest-growing country in South America tannin market during the forecast period 2022-2029
Argentina is expected to dominate the South America tannin market, driven by a surge in demand for vegetable tannin. The country's prominence in the market is attributed to a growing awareness of sustainable practices, prompting increased utilization of vegetable tannins across various industries. As Argentina's demand for these eco-friendly alternatives rises, it positions itself as a key player in the growing tannin market in the region.
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