What Has Been the Growth of the Tannin Market So Far?
The tannin market has seen considerable growth due to a variety of factors.
• The size of the tannin market has witnessed a robust growth in the past few years. It is projected to rise from $2.67 billion in 2024 to $2.88 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.0%.
The previous historical growth can be credited to a surge in leather processing demand, expansion in the wine sector, increased use of adhesives, development in the textile industry, and greater alcohol production.
What Is the Forecasted Market Size and Growth Rate for The Tannin Market Size In The Coming Years?
The tannin market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the tannin market size is predicted to experience substantial growth, eventually reaching $3.89 billion by the year 2029, seeing a compound annual growth rate (CAGR) of 7.8%.
A myriad of factors will contribute to this growth, such as rising tannin consumption due to increased preference for eco-friendly and sustainable products, an enhanced understanding of tannin health advantages, increased efforts in research and development, soaring demand for natural dyes, and increased need for tannin-based chelating agents. Foreseen trends driving this growth in the market include technological innovation, organic cosmetic products, conventional medicine, environmentally friendly packaging, and tailored nutrition plans.
What Factors Are Driving Growth In The Tannin Market?
The tannin market is expected to expand due to the burgeoning demand from the leather industry. This industry encompasses operations that involve transformation of animal hides and skins into leather and fabricating various leather goods such as garments, footwear, and accessories. The rise in demand aligns with the escalating fashion trends, the automotive sector's growth, the growing popularity of luxury home décor, and advancements in eco-friendly leather production techniques. Tannin serves a crucial role in the leather industry, majorly used in the tanning process. Its function is to transform raw animal hides into robust, flexible leather by integrating with the proteins within the hides, prohibiting decomposition, and enhancing the material's durability and quality. For example, in July 2024, the CBI Ministry of Foreign Affairs, a Dutch governmental organization, reported that the value of European leather accessory imports had risen to €2.97 billion ($3.24 billion) in 2022, up from €2.74 billion ($2.99 billion) in 2021, signaling an demand surge. Consequently, the escalating demand from the leather industry is fueling the growth of the tannin market.
What Are The Main Segments Of The Global Tannin Market?
The tanninmarket covered in this report is segmented –
1) By Type: Hydrolysable, Non Hydrolysable, Phlorotannins
2) By Source: Plant Based, Animal Based, Synthetic
3) By Application: Leather Tanning, Wine Production, Wood Adhesives, Anti Corrosive Primers, Other Applications
Subsegments:
1) Hydrolysable: Gallotannins, Ellagitannins
2) Non Hydrolysable: Condensed Tannins, Proanthocyanidins, Catechins
3) Phlorotannins: Phloroglucinol Tannins, Fucol Tannins, Echinacoside
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What Trends Are Shaping The Tannin Market?
Leading firms in the tannin industry are focusing on the creation of innovative, sustainable tan leather products that are eco-friendly and safe for the end-user. Sustainable tan leather is a type of leather produced using environmentally-friendly and morally ethical techniques, mainly pertaining to the tanning procedure. An example of this is Bentley Motors Limited, a luxury vehicle manufacturer and promoter based in the UK, launched Olive Tan Leather in August 2023 as part of its commitment to sustainability. The tanning agent used in this product originates from the organic by-product of olive oil extraction. Specifically, it comes from the wastewater collected during the olive oil extraction process. This method avoids the use of harmful metals, minerals, and aldehydes, and requires less water compared to traditional tanning methods.
Who Are the Key Players In The Tannin Market?
Major companies operating in the tannin market are:
• Ajinomoto Co. Inc.
• Balchem Corporation
• Indena S.p.A.
• Sisco Research Laboratories Pvt. Ltd.
• Mimosa S.A.
• Silvateam S.p.A.
• Parchem Fine & Specialty Chemicals
• American Chemical Society (ACS)
• Digitell Inc.
• Polson Ltd.
• Hardwood Floors Magazine
• W. Ulrich GmbH
• Laffort SA
• Wein Bauer Inc.
• Ataman Kimya
• Coatings World
• Ever S.R.L.
• Frontiers Media S.A.
• Golden Bean
• Jyoti Dye Chem Agency
• Novachem Ltd.
• TANAC Inc.
• VinePair Inc.
What Is The Most Dominant Region In The Tannin Market?
Europe was the largest region in the tannin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tannin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
