Tannin Market 2024 Driving Factors Forecast Research 2031

Global tannin market is anticipated to grow at a significant CAGR of 11.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand from various end-use industries such as leather tanning, wood adhesives, wine production, and healthcare. Tannins, natural polyphenolic compounds found in plants, offer a wide range of functional properties including antioxidant, antibacterial, and astringent properties. To meet the growing demand from end-user industries key players are entering into strategic partnerships.

For instance, in May 2022, Borregaard ASA formed a strategic partnership with Tannins Unlimited Ltd., a prominent provider of quebracho tannins, to distribute the latter's tannins across Europe. This collaboration is anticipated to enhance Borregaard ASA's market presence in Europe while granting its clientele access to an extended selection of tannin products.

Further, in 2021, Evonik Industries AG established a strategic partnership with Rajulene GmbH, a German firm specializing in natural plant extracts. The collaboration aims to jointly innovate and create advanced products in the field of plant-based tannins.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Source
• By Product
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- includes Polson Ltd., Ajinomoto Co., Inc., ESSECO Srl, Sisco Research Laboratories Pvt. Ltd., Laffort and others.

Tannin Market Report Segment

By Source

• Plants
• Brown Algae

By Product

• Hydrolysable
• Non-hydrolysable
• Phlorotannins

By Application

• Leather Tanning
• Wine Production
• Wood Adhesives
• Anti-corrosive Primers

A full Report of Tannin Market is Available @https://www.omrglobal.com/industry-reports/tannin-market 

Tannin Market Report Segment by Region

North America 

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• Ever s.r.l.
• Forestal Mimosa Ltd. 
• Indena S.p.A. 
• Jyoti Chemicals 
• Jyoti Dye Chem Agency 
• Laffort
• MAGANLAL SHIVRAM AND CO.
• MIMOSA EXTRACT COMPANY(PTY) LTD (Mimosa)
• NaturalSpecialities
• A. Ajinomoto OmniChem N.V.
• SILVATEAM
• Sisco Research Laboratories Pvt. Ltd. 
• TANAC
• TaninSevnica
• Tannin Corp.
• UCL Company (Pty) Ltd.
• ULRICH GmbH
• Zhushan County Tianxin Medical & Chemical Co., Ltd. 

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