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Tannin Trends and Forecast
The future of the global tannin market looks promising with opportunities in the leather training, wine production, wood adhesive, and anti-corrosive primer markets. The global tannin market is expected to grow with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are rising consumer preference for leather-based products and increasing demand for plant-based tannin.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Tannin by Segment
The study includes a forecast for the global tannin by source, product type, application, and region.
Tannin Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Plant
• Brown Algae
Tannin Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Hydrolysable
• Non-Hydrolysable
• Phlorotannins
Tannin Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Leather Training
• Wine Production
• Wood Adhesive
• Anti-Corrosive Primer
• Others
Tannin Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Tannin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tannin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tannin companies profiled in this report include-
• Ever
• Forestal Mimosa
• Jyoti Dye Chem
• Laffort
• Ajinomoto Omnichem
• Tanac
• Tanin Sevnica
• Tannin
• Ucl
• W. Ulrich
Tannin Market Insights
Lucintel forecasts that plant will remain the larger segment over the forecast period as its simple to obtain, and producing tannins from these plants is a simple process.
Within this market, leather training will remain the largest segment due to increase in the demand for tannin to preserve and enhance leatherÄX%$%Xs functional and aesthetic qualities.
Europe will remain the largest region over the forecast period due to existence of well-established wine industry and availability of major leather producers in the region.
Features of the Global Tannin Market
Market Size Estimates: Tannin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Tannin market size by source, product type, application, and region in terms of value ($B).
Regional Analysis: Tannin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sources, product types, applications, and regions for the tannin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tannin market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the tannin market size?
Answer: The global tannin market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for tannin market?
Answer: The global tannin market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the tannin market?
Answer: The major drivers for this market are rising consumer preference for leather-based products and increasing demand for plant-based tannin.
Q4. What are the major segments for tannin market?
Answer: The future of the tannin market looks promising with opportunities in the leather training, wine production, wood adhesive, and anti-corrosive primer markets.
Q5. Who are the key tannin market companies?
Answer: Some of the key tannin companies are as follows:
• Ever
• Forestal Mimosa
• Jyoti Dye Chem
• Laffort
• Ajinomoto Omnichem
• Tanac
• Tanin Sevnica
• Tannin
• Ucl
• W. Ulrich
Q6. Which tannin market segment will be the largest in future?
Answer: Lucintel forecasts that plant will remain the larger segment over the forecast period as its simple to obtain, and producing tannins from these plants is a simple process.
Q7. In tannin market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to existence of well-established wine industry and availability of major leather producers in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the tannin market by source (plant and brown algae), product type (hydrolysable, non-hydrolysable, and phlorotannins), application (leather training, wine production, wood adhesive, anti-corrosive primer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Tannin Market, Tannin Market Size, Tannin Market Growth, Tannin Market Analysis, Tannin Market Report, Tannin Market Share, Tannin Market Trends, Tannin Market Forecast, Tannin Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Tannin Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Tannin Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Tannin Market by Source
3.3.1: Plant
3.3.2: Brown Algae
3.4: Global Tannin Market by Product Type
3.4.1: Hydrolysable
3.4.2: Non-Hydrolysable
3.4.3: Phlorotannins
3.5: Global Tannin Market by Application
3.5.1: Leather Training
3.5.2: Wine Production
3.5.3: Wood Adhesive
3.5.4: Anti-Corrosive Primer
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Tannin Market by Region
4.2: North American Tannin Market
4.2.2: North American Tannin Market by Application: Leather Training, Wine Production, Wood Adhesive, Anti-Corrosive Primer, and Others
4.3: European Tannin Market
4.3.1: European Tannin Market by Source: Plant and Brown Algae
4.3.2: European Tannin Market by Application: Leather Training, Wine Production, Wood Adhesive, Anti-Corrosive Primer, and Others
4.4: APAC Tannin Market
4.4.1: APAC Tannin Market by Source: Plant and Brown Algae
4.4.2: APAC Tannin Market by Application: Leather Training, Wine Production, Wood Adhesive, Anti-Corrosive Primer, and Others
4.5: ROW Tannin Market
4.5.1: ROW Tannin Market by Source: Plant and Brown Algae
4.5.2: ROW Tannin Market by Application: Leather Training, Wine Production, Wood Adhesive, Anti-Corrosive Primer, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Tannin Market by Source
6.1.2: Growth Opportunities for the Global Tannin Market by Product Type
6.1.3: Growth Opportunities for the Global Tannin Market by Application
6.1.4: Growth Opportunities for the Global Tannin Market by Region
6.2: Emerging Trends in the Global Tannin Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Tannin Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Tannin Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Ever
7.2: Forestal Mimosa
7.3: Jyoti Dye Chem
7.4: Laffort
7.5: Ajinomoto OmniChem
7.6: Tanac
7.7: Tanin Sevnica
7.8: Tannin
7.9: UCL
7.10: W. Ulrich
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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