Global Tamarind Extract Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Tamarind Extract Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global tamarind extract market report has been segmented on the basis of form, application, distribution channels, and region.
Global Tamarind Extract Market: Overview
Tamarind is a delicious sour and sweet fruit and it has its own distinct flavor. It is used for manufacturing of tamarind concentrate, that used in preparation of fruit juice, pickles and sauces, etc. Tamarind extract is used in food products to enhance flavors and as natural additives owing to its various properties such as antifungal, antimicrobial, antioxidant and antiseptic. In addition, it is used in cosmetic products which act as a skin hydrating agent and bleaching agent. Tamarind extract consumption helps in common cold, fever, digestive problems, conjunctivitis, etc.
Global Tamarind Extract Market: Dynamics
Rapidly growing food and beverage industry across the globe is a major factor expected to drive growth of tamarind extract market in the next coming years. Rising demand for tamarind extract products due to its anti-oxidant properties to enhance immune system and reduce risk of cancer is another factor expected to fuel growth of the global market during the forecast period. Additionally, tamarind extract has therapeutic properties such as high concentration of vitamin C and dietary fiber, which is used for purifying the blood. This is a factor projected to boost growth of the global market. Moreover, increasing demand for tamarind extract in cosmetic & personal care industry is among some other factors expected to increase demand of the tamarind extract globally.
However, stringent rules and regulations associated with tamarind extracts is a factor expected to restrain growth of the global market.
Global Tamarind Extract Market: Segment Analysis
Among the form segments, the paste segment is expected to register significant revenue growth in the next coming years, due to its various applications including food, beverage, household products.
Among the application segments, the food is expected to account for significant revenue share, due to increasing demand for tamarind extract based food products among individuals across the globe.
Among the distribution channels segments, the indirect segment is expected to account for major revenue share during the forecast period.
Global Tamarind Extract Market: Region Analysis
The Asia Pacific market is expected to register major revenue share and projected to dominate the target market, due to presence of major manufacturer and exporter of tamarind extract in countries such as India. The huge availability of wild tamarinds in Thailand and Indonesia is another factor expected to support growth of the target market in Asia Pacific region. In addition, increasing adoption of Ayurveda and investment in the healthcare industry is expected to drive growth of the target market in the region. The North America market is expected to account for significant revenue growth in the global market, followed by Europe market. This can be attributed to developed food processing industries in these regions. In addition, the tamarind extract is widely used in hair care and skin care products due to high demand for organic cosmetic products in the regions.
Global Tamarind Extract Market Segmentation:
Segmentation by Form:
Segmentation by Application:
- Cosmetics & Personal Care Products
Segmentation by Distribution Channels:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Magma Foods
- Kanegrade Limited
- Shimla hills
- Xi'an Victory Biochemical Technology Co., Ltd.
- Abc International
- Baaeco V Food Ltd.
- Jadli Foods (India) Pvt. Ltd
- Abdullabhai Abdul Kader
- Revata Food Products Pvt Ltd.
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