TANNIC ACID POWDER MARKET
OVERVIEW
Key Applications:
Leather Tanning: Utilized for its astringent properties.
Pharmaceuticals: Applied in formulations for its antioxidant and antimicrobial effects.
Food & Beverages: Serves as a clarifying agent and additive.
MARKET SIZE AND GROWTH
01 02
MARKET SIZE (2024):
APPROXIMATELY USD 103.57
MILLION
PROJECTED MARKET SIZE (2032): AROUND USD 147.83 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.8% DURING THE FORECAST PERIOD.
By Type
Industrial Grade
Pharmaceutical Grade
Food Grade
Others
MARKET SEGMENTATION
By Application
Beer and Wine Industry
Textile Industry
Leather Industry
Food Industry
Pharmaceutical Industry
Others
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Emerging opportunities, especially in multipurpose uses.
EUROPE
Significant growth from pharmaceutical and food applications.
NORTH AMERICA
ASIA-PACIFIC
Steady demand across diverse industrial sectors. Largest market; driven by strong demand in leather and food industries.
KEY PLAYERS
Silva team
Laffort SA
Triveni
Chemicals
Polson Ltd
