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Tannin is a natural water soluble polyphenolic compound present in several plants. It is found in different plant organs such as leaves, seeds, fruits, roots, bark, and stem. Tannin is abundant in bark of an oak tree and in berry fruits. Other tannin-rich food items include nuts, herbs & spices, and legumes. Tannin is also abundant in chocolates and black tea. It is a natural astringent. Tannin is extracted with water or alcoholic solvents. It is also called tannic acid. It appears as pale yellow to light brown amorphous compound. The molecular weight of tannin ranges from 500 to 3,000 Da. They can bind with proteins, and other several polymers.

The tannin market can be segmented based on source, type, application, and region. In terms of source, the tannin market can be bifurcated into plant and brown algae. Based on type, the tannin market can be divided into hydrolysable and non-hydrolysable. Non-hydrolysable tannin is also called condensed tannin. The hydrolysable segment can be further sub-divided into ellagitannin and gallotannin. These sub-segments differ in terms of their chemical composition and structure. In terms of application, the tannin market can be segregated into medical, leather processing, wine production, wood adhesives, and others. In leather processing, collagen in animal hide or skin and tannin cross link with each other to form leather. The others segment includes ink and dyes, water purification, and gallic acid. Tannin is used in the manufacture of inks due to its ability to form dark blue or green solutions with iron salts. Based on region, the tannin market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Rise in demand for leather and wine is anticipated to drive the tannin market during the forecast period. Demand for tannin is increasing in leather processing due to the growth in demand for leather bags, footwear, and other goods. Tannin is used for clarification in wine and beer production. Furthermore, tannin is naturally present in skin, seed, and stem of grapes, from which wine is prepared. Increase in demand for leather in the automotive industry is expected to boost the tannin market in the next few years. Demand for tannin is rising in the medical sector owing to its astringent and other healthy properties.

The plant source segment is estimated to account for large share of the tannin market throughout forecast period. Wine production and leather processing application segments are expected to hold significant share of the tannin market in the next few years. Demand for non-hydrolysable tannin is high in the leather industry. Hydrolysable tannin is employed in the production of gallic acid.

North America is projected to hold higher share of the tannin market, followed by Asia Pacific and Europe, during the forecast period. Demand for tannin in North America is rising due to the increase in wine and leather consumption in the region. Demand for tannin in the medical industry is expected to be high in Asia Pacific. China and India are estimated to constitute prominent share of the tannin market in the region in the near future. In India, tannin is used in Ayurveda, an ancient Indian medicinal system, in formulations such as churna and bhasma (powdered medicinal herbs), and other traditional medicines. The tannin market in Latin America and Middle East & Africa is likely to expand at a moderate pace in the near future.

Key players operating in the tannin market include Ajinomoto OmniChem, Laffort, and Tannin Corporation. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Tannin Market

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