Market Overview:
The global tannic acid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tannic acid from various applications such as pharma and healthcare, food additives, cosmetic and skin care, beverages, dye additives, and others. Tannic acid is used as an ingredient in various products across different industries owing to its properties such as antioxidant activity, astringent effect, colorant properties, and binding properties. North America dominates the global tannic acid market followed by Europe due to the presence of key players operating in these regions.
Product Definition:
A brownish yellow pigment found in many plants, including oak bark and gallnuts. Tannic acid is used in the tanning of leather and as a mordant in dyeing.
Industrial Grade:
Industrial grade is a type of tannic acid which has been processed to remove the gallic acid and other impurities. It's pure form consists of 4-6% gallic acid. Industrial grade is used in various applications such as leather tanning, wood preservation, rubber processing and dyeing industries.
Food Grade:
Food grade is the product that has passed through a series of quality checks to be used in food & beverage applications. It can also be used as animal feed or pet food. Food-grade tannic acid is derived from plant materials such as oak, chestnut, and other hardwood trees.
Application Insights:
Tannic acid is used as a food additive, cosmetic and skin care ingredient, beverage addition, dye additive and other applications. In terms of volume application in pharma and healthcare dominated the global market with a share of over 40% in 2017. The product is widely utilized for manufacturing medicines owing to its astringent properties that help prevent skin irritation during drug application. Tannic acid also acts as an astringent agent which helps reduce the formation of gallstones after eating fatty foods. It has been found to be effective in reducing cholesterol levels when taken at doses ranging from 2 gm to 4 gm per day with meals along with other medication for high cholesterol patients.
The product finds extensive use as an industrial grade chemical which is used for manufacturing dyes & pigments, rubber products including butadiene rubber.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and accounted for over 45% of the global revenue share. The region is also anticipated to be the fastest-growing market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization, rising population, and increasing per capita income levels coupled with an expanding pharmaceutical sector in emerging economies such as China, India, Thailand, Malaysia and Indonesia.
The Asia Pacific economy has been growing on account of strong economic performance by major countries such as China and India which are major product consumers in this region due to high growth rates of key end-use industries including food & beverage; cosmetics & personal care; pharmaceuticals; dyes & pigments; printing ink etc., which have resulted into increased demand for tannic acid products over the past few years.
Growth Factors:
- Increasing demand from end-use industries such as food & beverage, pharmaceuticals, and cosmetics is expected to drive the growth of the tannic acid market over the forecast period.
- Rising awareness about the benefits of tannic acid is another key factor that is anticipated to fuel market growth in the near future.
- Growing research and development activities for new applications of tannic acid are projected to create lucrative opportunities for players operating in this market during the forecast period.
- The increasing use of tannic acid as a natural preservative is also expected to propel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tannic Acid Market Research Report
By Type
Industrial Grade, Food Grade, Pharma Grade
By Application
Pharma and Healthcare, Food Additives, Cosmetic and Skin Care, Beverages, Dye Additives, Others
By Companies
ATN INVESTMENTS, Xi'an Original Herb Biological Technology, Xi'an Arisun ChemPharm, Shaanxi Guanjie Technology, Hunan Huacheng Biotech, Xi'an Lyphar Biotech, ATN INVESTMENTS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Tannic Acid Market Report Segments:
The global Tannic Acid market is segmented on the basis of:
Types
Industrial Grade, Food Grade, Pharma Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharma and Healthcare, Food Additives, Cosmetic and Skin Care, Beverages, Dye Additives, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ATN INVESTMENTS
- Xi'an Original Herb Biological Technology
- Xi'an Arisun ChemPharm
- Shaanxi Guanjie Technology
- Hunan Huacheng Biotech
- Xi'an Lyphar Biotech
- ATN INVESTMENTS
Highlights of The Tannic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Food Grade
- Pharma Grade
- By Application:
- Pharma and Healthcare
- Food Additives
- Cosmetic and Skin Care
- Beverages
- Dye Additives
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tannic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tannic acid is a molecule found in plants and animals. It's a strong antioxidant that can help protect cells from damage caused by free radicals.
Some of the major players in the tannic acid market are ATN INVESTMENTS, Xi'an Original Herb Biological Technology, Xi'an Arisun ChemPharm, Shaanxi Guanjie Technology, Hunan Huacheng Biotech, Xi'an Lyphar Biotech, ATN INVESTMENTS.
The tannic acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tannic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tannic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tannic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tannic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tannic Acid Market Size & Forecast, 2018-2028
4.5.1 Tannic Acid Market Size and Y-o-Y Growth
4.5.2 Tannic Acid Market Absolute $ Opportunity
Chapter 5 Global Tannic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tannic Acid Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Food Grade
5.2.3 Pharma Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tannic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tannic Acid Market Size Forecast by Applications
6.2.1 Pharma and Healthcare
6.2.2 Food Additives
6.2.3 Cosmetic and Skin Care
6.2.4 Beverages
6.2.5 Dye Additives
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tannic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tannic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tannic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Tannic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tannic Acid Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Food Grade
9.6.3 Pharma Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tannic Acid Market Size Forecast by Applications
9.10.1 Pharma and Healthcare
9.10.2 Food Additives
9.10.3 Cosmetic and Skin Care
9.10.4 Beverages
9.10.5 Dye Additives
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tannic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Tannic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tannic Acid Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Food Grade
10.6.3 Pharma Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tannic Acid Market Size Forecast by Applications
10.10.1 Pharma and Healthcare
10.10.2 Food Additives
10.10.3 Cosmetic and Skin Care
10.10.4 Beverages
10.10.5 Dye Additives
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tannic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tannic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tannic Acid Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Food Grade
11.6.3 Pharma Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tannic Acid Market Size Forecast by Applications
11.10.1 Pharma and Healthcare
11.10.2 Food Additives
11.10.3 Cosmetic and Skin Care
11.10.4 Beverages
11.10.5 Dye Additives
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tannic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Tannic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tannic Acid Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Food Grade
12.6.3 Pharma Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tannic Acid Market Size Forecast by Applications
12.10.1 Pharma and Healthcare
12.10.2 Food Additives
12.10.3 Cosmetic and Skin Care
12.10.4 Beverages
12.10.5 Dye Additives
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tannic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tannic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tannic Acid Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Food Grade
13.6.3 Pharma Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tannic Acid Market Size Forecast by Applications
13.10.1 Pharma and Healthcare
13.10.2 Food Additives
13.10.3 Cosmetic and Skin Care
13.10.4 Beverages
13.10.5 Dye Additives
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tannic Acid Market: Competitive Dashboard
14.2 Global Tannic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ATN INVESTMENTS
14.3.2 Xi'an Original Herb Biological Technology
14.3.3 Xi'an Arisun ChemPharm
14.3.4 Shaanxi Guanjie Technology
14.3.5 Hunan Huacheng Biotech
14.3.6 Xi'an Lyphar Biotech
14.3.7 ATN INVESTMENTS
