Global Tannin Market 2017-2021
Tannin is an organic substance that is present in barks, tissues, leaves, and brownish or yellowish, bitter-tasting fruits of several plants. The tannin content in plants is quite high. Tannin in plants protects them from predation and helps in growth regulation. Fruits rich with tannin are blueberries, cranberries, strawberries, pecans, grapes, and oranges. Tannin is used in a wide variety of applications. It is also used in burns and cuts for healing and lower the bleeding.
Technavio’s analysts forecast the global tannin market to grow at a CAGR of 5.93% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tannin market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tannin Market 2017-2021
Technavio recognizes the following companies as the key players in the global tannin market: Ajinomoto OmniChem, Laffort, TANAC, Tannin Corporation, and W. ULRICH.
Other Prominent Vendors in the market are: EVER, Forestal Mimosa, Jyoti Dye Chem Agency, Maganlal Shivram & Company, Mimosa Extract Company, POLSON, and Zhushan County Tianxin Medical & Chemical Co.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of new technologies and R&D activities in automotive industry. The use of tannin in the automotive segment is directly proportional to the leather market. The high-quality leather is used in the automotive segment to give luxurious appearance with a classy finish in automobiles. Due to environment-friendly nature of tannin and biodegradable in nature of leather, the use of leather manufactured using tannin has augmented.”
According to the report, one driver in the market is high demand from leather tanning. The growth in the global tannin market is mainly driven by the consumption and adoption of tannin by end-user applications. The leather tanning application is the most important application segment responsible for the growth in the market. Due to the high spending power of the consumers, leather manufacturing industry is flourishing, which is expected to subsequently drive the growth in the tannin market during the forecast period. Tannin is mostly obtained from the bark of trees that are used for leather manufacturing and treatment.
Further, the report states that one challenge in the market is harmful effects of tannin on humans. Tannins are water-soluble polyphenols which are extracted from plants. When added to consumable products, they are responsible for decreasing food intake, growth rate, and protein digestibility. Therefore, food rich in tannins are of low nutritional value. As per the recent studies conducted by Sao Paulo State University, which were reported in the Evidence-Based Complementary and the Alternative Medicine journals, tannins rich food such as betel nuts and herbal teas cause certain cancers, such as esophageal cancer, in humans.
Ajinomoto OmniChem, Laffort, TANAC, Tannin Corporation, and W. ULRICH, EVER, Forestal Mimosa, Jyoti Dye Chem Agency, Maganlal Shivram & Company, Mimosa Extract Company, POLSON, and Zhushan County Tianxin Medical & Chemical Co.
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