What is Tannic Acid?
Tannic acid comes from tannins that are a compound made in amino acids and protein. tannic acid is one every of the foremost potent anti-oxidants on the market across the world. tannic acid is extracted from gallnuts, tara pods, etc. tannic acid is astringent in nature and possesses wide applications within the pharmaceutical trade. tannic acid possesses antimicrobial and antiviral properties, thanks to that it finds application within the food and pharmaceutical trade. tannic acid is used as a preservative in food and beverages. tannic acid additionally finds prodigious application within the leather trade, because it is used within the tanning of leather. The tannic acid market is predicted to extend exponentially over the forecast amount, thanks to increasing demand for tannic acid within the food & potable trade, cosmetics, and prescribed drugs.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ajinomoto (Japan), Merck KGaA (Germany), Triveni Chemicals (India), Amruta Herbals Pvt. Ltd (India), Tannin Corporation (United States), Parchem (United States), Nutragree Biotechnology Co (China), Baojing Keling Biotechnology Co., Ltd (China) and Guiyang Gallochem Co., Ltd. (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Quercitannic Acid and Gallotanic Acid) , by application (Food & Beverages, Cosmetics, Pharmaceuticals, Leather Industry, Textile Industry and Others) and major geographies. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Tannic Acid market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Tannic Acid market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Ajinomoto (Japan), Merck KGaA (Germany), Triveni Chemicals (India), Amruta Herbals Pvt. Ltd (India), Tannin Corporation (United States), Parchem (United States), Nutragree Biotechnology Co (China), Baojing Keling Biotechnology Co., Ltd (China) and Guiyang Gallochem Co., Ltd. (China).
Market Overview:
In 2019, Ajinomoto Co. is acquired More Than Gourmet (MTG), a US-based producer of classic French sauces and stocks. Ajinomoto, which focuses on the food and amino acids business, hopes the move can enhance its Integrated Food Solutions business within the North American market.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Tannic Acid Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in Need of Therapeutic Properties of Tannic Acid
- Increasing Capitalization by The Pharmaceutical Industry
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Major Trends | - Increasing Adoption of The Acid Due to Its Properties
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Restraints | - The Fluctuating Price of Tannic Acid
- High Cost Associated with Tannic Acid
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Road Blocks / Challenges | - High Content of Tannic Acid Is Unsafe to Consume
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Gaps & Opportunities | - Increasing Number of Applications
- The Emerging Technology Will Help in The Preparation of Natural Links
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Key highlights of the Global Tannic Acid market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Tannic Acid market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Tannic Acid market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Tannic Acid Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tannic Acid market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Tannic Acid market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Tannic Acid, Suppliers and Distributors of Tannic Acid, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.