Tamarind Gum Market Size
[170+ Pages Research Report] to surpass USD 22.4 million by 2032 from USD 12.1 million in 2021 at a CAGR of 6.3% throughout the forecast period 2021-31
One of the most prevalent and economically significant huge evergreen trees that is growing extensively in the dry tracks is the tamarind. It was first planted in Madagascar, but is now widely grown in nations including India, Myanmar, Bangladesh, Malaysia, Sri Lanka, Thailand, and several in Africa, Central America, and South America. Although the tamarind tree is not picky about its soil, it does best in deep alluvium. The tree favors warm weather but is vulnerable to frost. Tamarind thrives in semi-tropical climates with little precipitation. Even saline, alkaline, gravelly, and erosion-prone soils can produce it.
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Market Highlights
Global Tamarind Gum Market is expected to project a notable CAGR of 6.3% in 2031.
Global Tamarind Gum Market to surpass USD 22.4 million by 2031 from USD 12.1 million in 2021 at a CAGR of 6.3% in the coming years, i.e., 2021-2031. The market is anticipated to expand as a result of Europe's expanding pet food sector. Furthermore, due to its cost-effectiveness throughout production procedures, tamarind gum has increasingly replaced guar gum in recent years; this is also projected to support the expansion of the market.
Figure - Market Analysis of Global Tamarind Gum Market
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Global Tamarind Gum Market: Segments
The Tamarind Kernel Powder segment is expected to grow with the highest CAGR during 2021-31
Based on Product, the global Tamarind Gum Market is fragmented into Tamarind Kernel Powder and Tamarind Speed Polysaccharide. The tamarind gum market is anticipated to grow from 2022 to 2028. Tamarind Kernel Powder is also utilized in the production of adhesives because of its wide range of carbs and protein. Ketchup, ice cream, sauces, sherbet, baked goods, meat products, pet food, and instant noodles are among the foods it processes in big quantities.
The Food & Beverages segment is expected to grow with the highest CAGR during 2021-31
Global Tamarind Gum Market is classified on the basis of application into Textile, Paper, Plywood, and Food & Beverage. Over the course of the projected period, growth in the food and beverage category is anticipated to be significant. This market sector is further divided into bakery and confectionery items, which in 2021 accounted for the majority of the worldwide tamarind gum market. Tamarind gum is used to make a variety of sweet treats, including chewy and gummy candies, marshmallows and other aerated candies, fruit leathers, jelly beans, caramels, pastes, fondants, and liquid fillings. The shelf life, control, and setting time are all improved.
Figure - Market Analysis of Global Tamarind Gum
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Market Dynamics
Drivers
The Growing Demand for Natural Food Supplements
The market is expanding as a result of the rising demand for natural food supplements on a global scale. The market is also anticipated to develop as tamarind gum finds more uses in a variety of sectors, including textiles, cosmetics, and medicines. Furthermore, tamarind gum is becoming a more affordable alternative to guar gum, which is expected to increase demand for it in the upcoming years. Due to its numerous health advantages, the consumption of nutrient-dense and functional foods has increased among seniors in recent years.
Increasing Applications in the Pharmaceuticals Sector
Tamarindus indica tree seeds are used to make tamarind gum, a polymer. Due to its affordability in the creation of medical products during the past several years, tamarind gum has discovered a wide range of uses in the pharmaceutical industry, including the development of drugs and the treatment of diseases.
Restraint
Strict Regulations for Testing Tamarind and Inconsistent Production
The constraints limiting the growth of the tamarind gum market are inconsistent tamarind production and strict requirements governing the testing of organic supplements.
Global Tamarind Gum Market: Key Players
- ADACHI Group
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Adarsh Guar Gum Udhyog
- Altrafine Gums
- DSP Gokyo Food & Chemical Co., Ltd.
- FRESHY THAI CO., LTD.
- H.B. Gum Industries Private Limited
- Hindustan Gum & Chemicals Ltd.
- Indena S.p.A.
- Lucid Colloids Ltd.
- Premcem Gums Private Limited
- Qingdao Libangda Food Additives Co., Ltd.
- Other Prominent Players
Global Tamarind Gum Market: Regions
Global Tamarind Gum Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. According to estimates, North America will continue to have the greatest market share for tamarind gum during the projection period. The global market for food and drink is dominated by North America, which is followed by Europe and Asia-Pacific. The market for food-grade tamarind gum is expanding due to customer demand for natural ingredients and processed foods.
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Impact of COVID-19 on Tamarind Gum Market
The nation-wide lockdown imposed during the COVID-19 outbreak to contain the pandemic's spread has had an impact on the livelihood and economics of indigenous people living in and near national woodlands. The development and sale of thousands of minor forest products, which are the foundation of the economy of forest dwellers, are negatively impacted. Due to lockdown, which has reduced the demand for tamarind gum during the pandemic, tribal people are finding it challenging to obtain a fair price for their products like tamarind.
Global Tamarind Gum Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States, Mexico, and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Taiwan, Indonesia, Thailand, Australia, and Rest of Asia Pacific
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Saudi Arabia, Israel, Egypt, South Africa, and Rest of Middle East and Africa
Global Tamarind Gum Market report also contains analysis on:
Tamarind Gum Market Segments:
- By Product
- Tamarind Kernel Powder
- Tamarind Speed Polysaccharide
- By Application
- Textile
- Paper
- Plywood
- Food & Beverage
- Tamarind Gum Market Dynamics
- Tamarind Gum Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Tamarind Gum Market Segments:
- By Product
- Tamarind Kernel Powder
- Tamarind Speed Polysaccharide
- By Application
- Textile
- Paper
- Plywood
- Food & Beverage
- Tamarind Gum Market Dynamics
- Tamarind Gum Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Tamarind Gum Market Report Scope and Segmentation
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 12.1 million |
|
Revenue forecast in 2031 |
USD 22.4 million |
|
Growth Rate |
CAGR of 6.3% from 2021 to 2031 |
|
Base year for estimation |
2020 |
|
Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Product, Application, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
ADACHI Group, Adarsh Guar Gum Udhyog, Altrafine Gums, DSP Gokyo Food & Chemical Co., Ltd., FRESHY THAI CO., LTD., H.B. Gum Industries Private Limited, Hindustan Gum & Chemicals Ltd., Indena S.p.A., Lucid Colloids Ltd., Premcem Gums Private Limited, Qingdao Libangda Food Additives Co., Ltd., and Other Prominent Players. |
Frequently Asked Questions (FAQ):
Tamarind Gum Market size was estimated at USD 12.1 million in 2021 and is expected to reach USD 22.4 million in 2031.
One of the most prevalent and economically significant huge evergreen trees that is growing extensively in the dry tracks is the tamarind. Tamarind gum, a seed gum with potential industrial uses in the paper, textile, and food industries, is made from the endosperm of tamarind tree seeds.
The Tamarind Kernel Powder segment accounted for the largest Tamarind Gum Market share.
Key players in the Tamarind Gum Market include ADACHI Group, Adarsh Guar Gum Udhyog, Altrafine Gums, DSP Gokyo Food & Chemical Co., Ltd., FRESHY THAI CO., LTD., H.B. Gum Industries Private Limited, Hindustan Gum & Chemicals Ltd., Indena S.p.A., Lucid Colloids Ltd., Premcem Gums Private Limited, Qingdao Libangda Food Additives Co., Ltd., and Other Prominent Players.
Due to its multifunctional features and rising consumer awareness of the benefits of eating healthy foods, tamarind gum is one of the main factors fueling market expansion.
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