Tannin Global Market Report 2024

Description

Tannin is a polyphenolic compound found in various plants that can bind to and precipitate proteins. It is valued for its astringent properties and is used in diverse applications including leather tanning, wine and tea clarification, and as a natural preservative in foods and beverages. Tannins serve multiple functions across different industries.

The main types of tannins includes hydrolysable, non-hydrolysable, and phlorotannins. Hydrolysable tannins can be broken down into simpler molecules such as gallic acid and ellagic acid through hydrolysis. Tannins come from plant-based, animal-based, and synthetic sources and are utilized in various applications such as leather tanning, wine production, wood adhesives, and anti-corrosive primers.

The tannin market research report is one of a series of new reports from The Business Research Company that provides tannin market statistics, including tannin industry global market size, regional shares, competitors with a tannin market share, detailed tannin market segments, market trends and opportunities, and any further data you may need to thrive in the tannin industry. This tannin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The tannin market size has grown strongly in recent years. It will grow from $2.47 billion in 2023 to $2.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increasing demand in leather processing, growth in the wine industry, rise in the use of adhesives, expansion in the textile industry, and increasing alcohol production.

The tannin market size is expected to see strong growth in the next few years. It will grow to $3.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.The anticipated growth during the forecast period can be attributed to the rising demand for eco-friendly and sustainable products, greater awareness of the health benefits of tannins, increased investments in research and development, a growing need for natural dyes, and a higher demand for tannin-based chelating agents. Key trends expected during this period include technological advancements, the growth of organic cosmetics, the use of tannins in traditional medicine, the adoption of eco-friendly packaging, and the development of personalized nutrition solutions.

The growing demand from the leather industry is anticipated to drive the expansion of the tannin market in the future. The leather industry involves processing animal hides and skins into leather and producing various leather goods, such as clothing, footwear, and accessories. This demand is influenced by evolving fashion trends, the growth of the automotive sector, increased interest in premium home furnishings, and advances in sustainable leather production methods. Tannin plays a crucial role in the leather industry as a primary ingredient in the tanning process. It helps transform raw animal hides into durable, flexible leather by binding with the proteins in the hides to prevent decay and enhance the material's strength and quality. For example, in July 2024, the CBI Ministry of Foreign Affairs, a Netherlands-based governmental organization, reported that the value of leather accessory imports into Europe rose to €2.97 billion ($3.24 billion) in 2022, up from €2.74 billion ($2.99 billion) in 2021, indicating increased demand. Thus, the growing demand from the leather industry is fueling the expansion of the tannin market.

Leading companies in the tannin market are concentrating on developing innovative products, including sustainable tan leather that is both environmentally friendly and safe for consumers. Sustainable tan leather is produced using eco-friendly and ethically responsible methods, particularly in the tanning process. For instance, in August 2023, Bentley Motors Limited, a UK-based luxury car and SUV manufacturer, introduced Olive Tan Leather as part of its sustainability efforts. This tanning agent, derived from the organic by-products of olive oil pressing, comes from wastewater collected during the olive pressing process. It is free of harmful metals, minerals, and aldehydes, and uses less water compared to traditional tanning methods.

In July 2024, Tannin Corporation, a US-based manufacturer of leather products, acquired Whittemore-Wright Company Inc. for an undisclosed amount. This acquisition aims to broaden Tannin Corporation's product range and market presence by integrating the capabilities and customer base of Whittemore-Wright Company Inc., a US-based company specializing in tanning oils for leather.

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.

Europe was the largest region in the tannin market in 2023. 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.

The countries covered in the tannin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tannin market consists of sales of wood tannins, quebracho tannins, chestnut tannins, synthetic tannins, and gall tannins. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Tannin Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on tannin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for tannin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tannin market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: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
Companies Mentioned: Ajinomoto Co. Inc.; Balchem Corporation; Indena S.p.A.; Sisco Research Laboratories Pvt. Ltd.; Mimosa S.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20881

1. Executive Summary

2. Tannin Market Characteristics

3. Tannin Market Trends And Strategies

4. Tannin Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Tannin Market Size and Growth

5.1. Global Tannin Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Tannin Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Tannin Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Tannin Market Segmentation

6.1. Global Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hydrolysable
Non Hydrolysable
Phlorotannins
6.2. Global Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Plant Based
Animal Based
Synthetic
6.3. Global Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Leather Tanning
Wine Production
Wood Adhesives
Anti Corrosive Primers
Other Applications

7. Tannin Market Regional And Country Analysis

7.1. Global Tannin Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Tannin Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Tannin Market

8.1. Asia-Pacific Tannin Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Tannin Market

9.1. China Tannin Market Overview
9.2. China Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Tannin Market

10.1. India Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Tannin Market

11.1. Japan Tannin Market Overview
11.2. Japan Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Tannin Market

12.1. Australia Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Tannin Market

13.1. Indonesia Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Tannin Market

14.1. South Korea Tannin Market Overview
14.2. South Korea Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Tannin Market

15.1. Western Europe Tannin Market Overview
15.2. Western Europe Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Tannin Market

16.1. UK Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Tannin Market

17.1. Germany Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Tannin Market

18.1. France Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Tannin Market

19.1. Italy Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Tannin Market

20.1. Spain Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Tannin Market

21.1. Eastern Europe Tannin Market Overview
21.2. Eastern Europe Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Tannin Market

22.1. Russia Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Tannin Market

23.1. North America Tannin Market Overview
23.2. North America Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Tannin Market

24.1. USA Tannin Market Overview
24.2. USA Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Tannin Market

25.1. Canada Tannin Market Overview
25.2. Canada Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Tannin Market

26.1. South America Tannin Market Overview
26.2. South America Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Tannin Market

27.1. Brazil Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Tannin Market

28.1. Middle East Tannin Market Overview
28.2. Middle East Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Tannin Market

29.1. Africa Tannin Market Overview
29.2. Africa Tannin Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Tannin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Tannin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Tannin Market Competitive Landscape And Company Profiles

30.1. Tannin Market Competitive Landscape
30.2. Tannin Market Company Profiles
- 30.2.1. Ajinomoto Co. Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Balchem Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Indena S.p.A.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Sisco Research Laboratories Pvt. Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Mimosa S.A.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Tannin Market Other Major And Innovative Companies

31.1. Silvateam S.p.A.
31.2. Parchem Fine & Specialty Chemicals
31.3. American Chemical Society (ACS)
31.4. Digitell Inc.
31.5. Polson Ltd.
31.6. Hardwood Floors Magazine
31.7. W. Ulrich GmbH
31.8. Laffort SA
31.9. Wein Bauer Inc.
31.10. Ataman Kimya
31.11. Coatings World
31.12. Ever S.R.L.
31.13. Frontiers Media S.A.
31.14. Golden Bean
31.15. Jyoti Dye Chem Agency

32. Global Tannin Market Competitive Benchmarking

33. Global Tannin Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Tannin Market

35. Tannin Market Future Outlook and Potential Analysis

35.1 Tannin Market In 2028 - Countries Offering Most New Opportunities
35.2 Tannin Market In 2028 - Segments Offering Most New Opportunities
35.3 Tannin Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer