The global tannin market was valued at USD 2.9 billion in 2023, growing at a CAGR of 6.9% from 2024 to 2033. The market is expected to reach USD 5.6 billion by 2033. The demand explosion in the paints and coatings, adhesive manufacturing, wine, and leather tannery sectors is the main driver of the worldwide tannin market's growth. Furthermore, growth in alcohol consumption brought on by rising disposable income and rising living standards among consumers worldwide are predicted to drive up demand for tannin.
Fruits and plants are sources of the astringent biomolecule tannin. It can be found in the bark, seeds, stem tissues, roots, and leaves, among other plant sections. Tannic acid, abundant in plants, helps regulate their growth and shields them from predators. Oranges, hazelnuts, pecans, walnuts, strawberries, cranberries, blueberries, and oranges are among the fruits high in tannin content. Phlorotannins, hydrolyzable, and non-hydrolyzable are the three main types. These tannins have good protein, amino acid, and alkaloid binding properties. These qualities allow them to be used in various sectors, including wood adhesives, tanning leather, and winemaking. Leather is manufactured and treated using tannin extracts from oak, quebracho, and mimosa trees. Extracts are needed in large quantities by the winemaking industry for ageing and vinification. Aged wines are frequently described as a luxury good and a status symbol by their customers. The need for wine apps is being boosted by the rise of the wine business, driven by increased disposable income and consumers' desire to pay a premium for high-end goods like wine.
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In August 2020, Tannin Corporation, a U.S.-based distributor and manufacturer specialising in bisulfates, wet-end leather chemicals, and fat liquors, announced the addition of several new dispersion agents and fat liquors to its line-up. These additional offerings have greatly enhanced the company's product selection.
In 2021, Rajulene GmbH, a German firm specialising in natural plant extracts, and Evonik Industries AG established a strategic relationship to develop innovative and cutting-edge solutions in plant-based tannins jointly.
Growing demand for natural and organic ingredients in different industries-Growing demand across sectors for natural and organic ingredients is driving the tannin market. Natural product formulations are becoming increasingly popular in the food and beverage, pharmaceutical, and cosmetic sectors. Organic chemicals called tannins are in plant-based foods, including wood, tea, and grapes. They are thought to be natural and eco-friendly. The inclination of consumers towards natural products has prompted producers to explore tannins as constituents for their formulations.
Fluctuating raw material costs- One of the main factors limiting the global tannin industry is fluctuating raw material costs. Since plants are the main source of tannins, variations in the availability and cost of raw materials can result from various reasons, including supply chain interruptions, agricultural practices, and climatic changes. The instability of raw material costs can affect tannin producers' profitability and make it difficult to keep final product prices consistent.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe emerged as the largest global tannin market, with a 38.7% market revenue share in 2023.
Europe has a very developed wine industry, so tannin is significantly needed. France holds a significant market share due to its well-established wine sector. The growing use of tannin in leather, wine processing, and wine is responsible for the market's expansion. In the European Union, Germany is third in terms of leather production. There are more than 100 leather manufacturers in the nation. Tannin is also used extensively in the wine-processing industry. After France, Italy, and Spain, Italy, Germany is the fourth-largest wine producer in the European Union. According to information released by the United States Department of Agriculture (USDA), Germany's wine production is expected to reach 8.4 million hectoliters in 2019.
Europe Region Tannin Market Share in 2023 - 38.7%
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The source segment is divided into brown algae and plants. The brown algae segment dominated the market, with a market share of around 58% in 2023. Brown algae are big, quickly-growing seaweeds found in various water bodies, such as rock pools, intertidal zones, tidal splash zones, and near-shore seas. Their high phlorotannin content makes them a potential supply of tannins for wood adhesives and leather tanning.
The product segment is divided into phlorotannins, non-hydrolysable, and hydrolysable. The non-hydrolysable segment dominated the market, with a market share of around 42% in 2023. Another name for non-hydrolyzable tannins is condensed tannins. After the plant extracts are condensed, these items are made. These are typically found in tropical trees such as pine, spruce, mimosa, and quebracho. They are used in the production of wood adhesives and dietary supplements.
The application segment is divided into wine production, anti-corrosive primers, leather tanning, wood adhesives, and others. The leather tanning segment dominated the market, with a market share of around 28% in 2023. Proteins called tannins are insoluble and do not break down. They are used to make leather because of this characteristic. Animal skins are treated during the tanning of leather. Because leather can be used for many things, including apparel, furniture, and car seats, its demand is rising. The sector is predicted to increase due to rising disposable income and consumer demand for leather goods.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Billion) |
Market size value in 2023 | USD 2.9 Billion |
Market size value in 2033 | USD 5.6 Billion |
CAGR (2024 to 2033) | 6.9% |
Historical data | 2020-2022 |
Base Year | 2023 |
Forecast | 2024-2033 |
Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Segments | Source, Product, Application |
As per The Brainy Insights, the size of the tannin market was valued at USD 2.9 billion in 2023 to USD 5.6 billion by 2033.
The global tannin market is growing at a CAGR of 6.9% during the forecast period 2024-2033.
Europe emerged as the largest tannin market.
Key players in the tannin market are Tannin Corporation, Polson Ltd., UCL Company (Pty) Ltd, W. ULRICH GmbH, Jyoti Dye Chem Agency, Raphas, Ajinomoto OmniChem., Ever s.r.l., LaffortSA, TANAC, and Tanin d.d.
This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global tannin market based on the below-mentioned segments:
Global Tannin Market By Source:
Global Tannin Market By Product:
Global Tannin Market By Application:
Global Tannin Market By Region:
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