According to Future Market Insights research, during the projected forecast period, the Tamarind Extract market is expected to grow at a CAGR of 5.8%. The market value projected to increase is from USD 926.9 Million in 2022 to USD 1628.9 Million by 2032. The Tamarind Extract market was valued at USD 876.9 Million at the end of 2021 and is expected to exhibit Y-o-Y growth of 5.7% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 926.9 Million |
| Market Forecast Value in 2032 | USD 1,628.9 Million |
| Global Growth Rate (2022 to 2032) | 5.8% CAGR |
| Forecast Period | 2022 to 2032 |
| USA market share of Tamarind Extract | 31.9% |
A crucial food additive with a unique flavor is tamarind extract. It enhances flavor and taste in a number of culinary products. Tamarind is used by the beverage sector to produce juice because of its ability to keep things cold. Tamarind offers a number of beneficial properties for your health, including antibacterial, antioxidant, antifungal, and antiseptic properties. Every household needs skin moisturizing and bleaching agents, which are made from tamarind in the cosmetics sector.
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In the Historical outlook of the Tamarind Extract market, the value increased from USD 702.5 Million in 2017 to USD 876.9 Million in 2021. The CAGR (2017-2021) is observed to be 5.7%.
The main driver of tamarind extract demand globally is the increased customer demand for healthy food products. In addition, the market for tamarind extract is anticipated to have a jump in demand during the projected period as a result of the rising awareness of the harmful effects of artificial or synthetic products.
As governments' strict regulations are a powerful force projected to impede the industry's growth during the forecast period, the tamarind extract market is expected to experience a plunge.
The region's target market is anticipated to develop as a result of rising Ayurvedic use and investments in the healthcare sector. Significant revenue growth in the global market is anticipated to come from the North American industry.
The US contributes 31.9% of the total revenue for the Tamarind Extract Market.
The expansion of the food processing businesses in these areas can be ascribed to the Europe market. The increased demand for organic cosmetics in the area also means that tamarind extract is frequently utilized in hair and skin care products.
Germany contributes 29.4% to the Tamarind Extract market and UK CAGR for the forecast period is 4.6%.
Due to the presence of a significant producer and exporter of tamarind extract in nations like India, the Asia Pacific market is anticipated to earn a significant revenue share and dominate the target market. An additional element that is anticipated to encourage market expansion in the Asia Pacific area is the enormous supply of wild tamarinds in Thailand and Indonesia.
Japan's contribution to the Tamarind Extract market is 9.9%of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in the Tamarind Extract market is 3.6% and 5.3% respectively.
From the Oceania region, Australia is contributing 2.5% of the total revenue of the Tamarind Extract market.
Principal Consultant
Tamarind extract is a natural food product made from tamarind fruit. Tamarind extract is used as a flavoring agent in many cuisines and has a variety of health benefits. Tamarind extract is high in antioxidants and can help boost the immune system. Tamarind extract also has anti-inflammatory properties and can help relieve joint pain.
Tamarind extract is derived from the tamarind fruit, which is native to Africa. The tamarind tree produces an abundance of fruit, which is harvested and then dried. The dried fruit is then ground into a powder and used to make tamarind extract.
Tamarind extract is a natural product that has a wide range of uses. It can be used as a food additive, as a flavoring agent, or as a dietary supplement. Tamarind extract is also used in the cosmetics industry.
Tamarind extract has a variety of benefits. It can help improve digestion, relieve constipation, and treat stomach ulcers. Tamarind extract is also known to boost immunity, fight infection, and promote healthy skin and hair.
The main driver of tamarind extract demand globally is the increased customer demand for healthy food products. Diseases that tamarind combats include conditions like the common cold, conjunctivitis, indigestion, and others. The blood-purifying effects of tamarind extract are also beneficial. Since research has shown that tamarind's antioxidant properties are crucial for preventing cancer and boosting the immune system, they are a significant growth driver for the global market.
Due to the consumer health advantages, tamarind extract is used in the creation of pharmaceuticals. Fiber, vitamin C, and other nutrients are abundant in tamarind. It helps strengthen the immune system and prevent cancer. Due to the rising demand for natural food products or ingredients with outstanding health advantages, tamarind extract has seen tremendous growth over the years.
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There are only a few significant players functioning in the competitive worldwide tamarind extract market. Leading companies in the sector are joining forces with regional firms to expand their products into markets where they don't currently operate.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA); RoW |
| Key Countries Covered | The USA, Germany, The UK, France, Brazil, Argentina, Japan, Australia, China, India, Thailand, Indonesia |
| Key Segments Covered | Form, End-User, Sales Channel, Region |
| Key Companies Profiled | Magma Foods; Moonlite; Kanegrade Limited; Shimla Hills; Jadli Foods (India) Pvt. Ltd; ABC International; Baaeco V Food Ltd.; Xi'an Victory Biochemical Technology Co., Ltd.; Revata Food Products Pvt Ltd; Abdullabhai Abdul Kader |
| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Tamarind Extract market will reach a valuation of USD 926.9 Million by the end of 2022.
The US Tamarind Extract Market is contributing 31.9% of the total market share which is valued at around USD 295.6 Million.
The US, Canada, Germany, the UK, France, Russia, China, Japan, India, Thailand, Indonesia, and Australia are the major countries driving demand for Tamarind Extract Market.
The Germany Tamarind Extract Market is contributing 29.4% of the total market share which values at USD 272.5 Million.
• Magma Foods • MoonLite • Kanegrade Limited • Shimla Hills • Jadli Foods (India) Pvt. Ltd Above are the top 5 market players in Tamarind Extract industry.
The Japan Tamarind Extract market contribution is 9.9% of total market share.
The India Tamarind Extract market will grow at 3.6% CAGR between 2022 and 2032.
The global Tamarind Extract market is forecasted to surpass USD 1628.9 Million by the end of 2032.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. End-User 6.2. Sales Channel 7. Global Analysis and Forecast, By Form 7.1. Powder 7.2. Paste 8. Global Analysis and Forecast, By End-User 8.1. Cosmetic 8.2. Household 8.3. Pharmaceutical 8.4. Food & Beverages 9. Global Analysis and Forecast, By Sales Channel 9.1. Online Retailers 9.2. Supermarkets/Hypermarkets 9.3. Convenience Stores 9.4. Specialty Stores 10. Global Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East & Africa (MEA) 10.6. RoW 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 16. RoW Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by End-User and Sales Channel for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Magma Foods 19.2. Moonlite 19.3. Kanegrade Limited 19.4. Shimla Hills 19.5. Jadli Foods (India) Pvt. Ltd 19.6. ABC International 19.7. Baaeco V Food Ltd. 19.8. Xi'an Victory Biochemical Technology Co., Ltd. 19.9. Revata Food Products Pvt Ltd 19.10. Abdullabhai Abdul Kader
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Tamarind Extract Market
