About Tamarind Kernel Powder (Tkp)
Tamarind kernel powder (TKP) has been identified as an alternative and cheap source of proteins and other essential nutrients. Tamarind (Tamarindus indica L.) is a member of the dicotyledonous family Fabaceae. It is known as tamarindo in Spanish, tamarin in French, Dakar in Senegalian, and imli in the Indian language. Tamarind kernel powder is a rich source of polysaccharides that are obtained from tamarind seed kernels. Tamarind kernel powder (TKP) has versatile applications in various industries hence, TKP is manufactured in large quantities. Textile and Jute industries are major consumers of Tamarind kernel Powder due to its good thickening properties uses this powder as a textile thickener while the dyeing industry uses it for textile sizing Many Other industries such as printing, jute, paper, explosives, plywood, mining, cosmetic, oil drilling, gas, tobacco, and others also use tamarind kernel powder in different aspects. The product has various uses. Geographically, Asia Pacific is the leading region for higher production of Tamarind Kernel Powder (Tkp). Hence, the demand for the market is huge which drives the market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
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. The market is expected to grow in various end-use industries. Several companies such as Chhaya Industries, and JD Gums & Chemicals are operating in the market to provide customers with various features & unique offering products. The market is a partially fragmented market with the presence of several market players and local players. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Europe Tamarind Kernel Powder (Tkp) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chhaya Industries (India), JD Gums & Chemicals (India), L.R.Industries (India), PROSMIT (India), Swastik Gum Industries (India), Mahesh Agro Food Industries (India), Mysore starch manufacturing (India), Simosis (India) and Altrafine Gums (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Babulal Sarabhai & Co (India), Swastik (India), Shree Ram Industries (India), Altrafine Gums (India) and Vishnu Gum & Chemicals (India).
Segmentation Overview
AMA Research has segmented the market of Europe Tamarind Kernel Powder (Tkp) market by and Region.
On the basis of geography, the market of Tamarind Kernel Powder (Tkp) has been segmented into
. If we see Market by , the sub-segment i.e. will boost the Tamarind Kernel Powder (Tkp) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapidly increasing demand for the product through an online platform as well as internet penetration has created a huge impact on the buying power of the customer through the online portal is the main factor that is trending in the market during the forecast period.
Market Growth Drivers:
Tamarind kernel like low cost, better nutritional quality, and better sustainability, the utilization of TKP can be enhanced by incorporating it into various food products for attaining maximum benefit. Hence these are the quiet factor that is driving the demand of the market over the forecast period.
Challenges:
The presence of Several Low-Quality Corn Steep Powders in the Market at Low Prices as well as white labeling is another factor that is hampering the market growth
Restraints:
Rising the cost of raw material for manufacturing product and heavy-duty tax on import of the good is other key factor that is hampering the market in the forecast period.
Opportunities:
Rapid inclination towards vegetarianism as well rapid growth in the nutraceutical industry is the main factor creating a huge opportunity for product manufacturing and end-user.
Key Target Audience
Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments, Raw Material Supplier and End-use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.