Global Tamarind Extract Market Overview:
Tamarind extracts are one of the highly adopted extracts from food applications such as flavoring cookies, biscotti, chocolate, ice cream, gelato, bread, alcoholic and non-alcoholic beverage, and many more. It has natural flavor, with no preservatives and no artificial flavours. Few tamarinds extract water-soluble extract it is a fantastic addition for every savoury and sweet application. The tamarind is highly available outside of South and Southeast Asia, and it is majorly imported from Thailand, although a few brands come from India and Mexico. The tamarind fruit, generally grown in Thailand or Mexico and sometimes available in markets specializing in Southeast Asian. Basically, tamarind is a highly grown in the Southern and Eastern parts of India. Some of the players profiled in the study are Magma Foods Pvt. Ltd. (India), Kanegrade Limited (United Kingdom), Shimla hills (India), Xi'an Victory Biochemical Technology Co., Ltd. (China), Abc International (India), Baaeco V Food Ltd. (Thailand), Jadli Foods (India) Pvt. Ltd (India), Noble Roots (Georgia), Amoretti (United States) and OliveNation LLC (United States).
On the basis of geography, the market of Tamarind Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Tamarind Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Direct will boost the Tamarind Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Penetration of Prepared B&M Formats Such as Hypermarket, Supermarket and Other Convenience Stores in Metro and Tier 1 Cities
- The appearance of E-Commerce, the Food Retail Segment in Developing Regions
- Advancement in Cosmetics and Personal Care Industry, Along with High Adoption of Tamarind Seed Extract is Water Soluble and it is Suggested for Facial Toners
Influencing Trend
- Rapid Adoption of Non-Frozen Foods
- Technology Advancement in the Food Processing Industry
- Innovations in Packaging for Improving Shelf Life and Product Differentiation
Restraints
- High Cost Associated with Tamarind Extract Raw Material and Processing Procedure
Opportunities
- Growing Funding for Cold Chain Infrastructure by Players to Build Infrastructure in Retail Stores
- Consolidation of the Food Regulatory Ecosystem
Challenges
- Lack of Storage Infrastructure for the Processed Food in Local Retail Stores
The global tamarind extract market is strongly competitive and having some of the major players, and along with that, the market is seeing new market entrants with the rising awareness of a product. In terms of vendor share, some of the players are highly dominating the global market. These players are spending more on strategic initiatives to enhance their market share and improve their profitability.
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Tamarind Extract Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Tamarind Extract market on the basis of product [Organic and Conventional] , application [Food {Sauces & Condiments, Confectionaries, Preservatives, Seasoning, Others}, Beverage {Juice Blends, Wine, Vodka, Whiskey, Others}, Pharmaceuticals, Cosmetics & Personal Care Products {Skin Care, Hair Care} and Household], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Tamarind Extract market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Tamarind Extract industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are The Bart Ingredients Company Ltd. (England) and GloryBee (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Tamarind Extract market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.