Global Tannic Acid Market 2023-2029

Global Tannic Acid Market 2023-2029

Tannic acid is a type of polyphenol that is found in various plant species, including oak bark, tea leaves, and gallnuts. It is a water-soluble compound that has a bitter taste and is commonly used in the food, beverage, and pharmaceutical industries. In the food industry, tannic acid is used as a flavoring agent, as well as a natural preservative due to its antimicrobial properties. It is also used in the production of wine and beer to enhance flavor and color stability. In the pharmaceutical industry, tannic acid is used as an astringent and anti-inflammatory agent. It is commonly used in the treatment of burns, insect bites, and other skin irritations. Tannic acid is also used in the production of various medications, including cough syrups and anti-diarrheal agents. The global tannic acid market is projected to expand at a CAGR of ~4.3 percent across the forecast period of 2023 - 2029, according to the latest edition of the Global Tannic Acid Market Report.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global tannic acid market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for tannic acid can be segmented by product: food grade gallic acid, pharmaceutical grade gallic acid, technical grade gallic acid. Tannic acid market is further segmented by application: chemical intermediates, food and beverages, industrial auxiliaries, oil and gas, pharmaceuticals, textile and leather, others. Based on region, the tannic acid market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. According to the research, Asia-Pacific had the largest share in the global tannic acid market.

Market Segmentation

By product: food grade gallic acid, pharmaceutical grade gallic acid, technical grade gallic acid

By application: chemical intermediates, food and beverages, industrial auxiliaries, oil and gas, pharmaceuticals, textile and leather, others

By region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

The global tannic acid market report offers detailed information on several market vendors, including Guiyang Gallochem Co., Ltd., Hunan Linong Gallnut Industry Development Co., Ltd., Hunan Shineway Enterprise Co., Ltd., Jiurui Biology & Chemistry Co., Ltd., Leshan Sanjiang Bio-tech Co., Ltd., Silvateam S.p.A., Wufeng Chicheng Biotech Co., Ltd., Zhangjiajie Jiurui Biological Technology Co., Ltd., Zunyi Beiyuan Chemical Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global tannic acid market.
• To classify and forecast the global tannic acid market based on product, application, region.
• To identify drivers and challenges for the global tannic acid market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global tannic acid market.
• To identify and analyze the profile of leading players operating in the global tannic acid market.

Why Choose This Report

• Gain a reliable outlook of the global tannic acid market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.