According to IMARC Group latest report titled “Tannin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on tannin market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global tannin market to exhibit moderate growth during the next five years.
Tannin, or tannic acid, refers to a naturally occurring astringent biomolecule present in the barks, tissues, stems, seeds, roots, and leaves of several plants. The high level of tannin in the plant protects it from predation and helps in growth regulation. Tannins exhibit anti-cancer, anti-angiogenic, anti-inflammatory, antioxidant, and anti-ulcerative properties. On account of the growing consciousness regarding the medical benefits of tannins, they are widely used in several pharmaceutical products.
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Tannins are extensively used in wine production, leather processing, wood adhesives, anti-corrosive primers, cosmetics, and animal nutrition. The growing usage of tannins as an additive in the beverage industry is one of the key factors creating a positive outlook for the market. Moreover, the increasing consumer preference for leather-based footwear, apparel and bags is further driving the market growth. In addition to this, the widespread use of tannins in the manufacturing of automobiles with high-quality leather upholstery is also contributing to the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Our report has categorized the market based on region, source, product and application.
Key highlights of the report:
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