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Tannin Market Report: Trends, Forecast and Competitive Analysis to 2030

January 2024 | 150 pages | ID: TA8880EDC6EAEN
Lucintel

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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
  • Tannin Sevnica
  • Tannin
  • UCL Company
  • 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 leather's 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 Company
  • 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: [email protected]. We will be glad to get back to you soon.
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
  4.2.1: North American Tannin Market by Source: Plant and Brown Algae
  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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