Global tannin market is anticipated to grow at a significant CAGR of 11.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand from various end-use industries such as leather tanning, wood adhesives, wine production, and healthcare. Tannins, natural polyphenolic compounds found in plants, offer a wide range of functional properties including antioxidant, antibacterial, and astringent properties. To meet the growing demand from end-user industries key players are entering into strategic partnerships.

For instance, in May 2022, Borregaard ASA formed a strategic partnership with Tannins Unlimited Ltd., a prominent provider of quebracho tannins, to distribute the latter's tannins across Europe. This collaboration is anticipated to enhance Borregaard ASA's market presence in Europe while granting its clientele access to an extended selection of tannin products.

Further, in 2021, Evonik Industries AG established a strategic partnership with Rajulene GmbH, a German firm specializing in natural plant extracts. The collaboration aims to jointly innovate and create advanced products in the field of plant-based tannins.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Source
By Product
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Polson Ltd., Ajinomoto Co., Inc., ESSECO Srl, Sisco Research Laboratories Pvt. Ltd., Laffort and others.

Tannin Market Report Segment

By Source

Plants
Brown Algae

By Product

Hydrolysable
Non-hydrolysable
Phlorotannins

By Application

Leather Tanning
Wine Production
Wood Adhesives
Anti-corrosive Primers

A full Report of Tannin Market is Available @https://www.omrglobal.com/industry-reports/tannin-market 

Tannin Market Report Segment by Region

North America 

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Ever s.r.l.
Forestal Mimosa Ltd. 
Indena S.p.A. 
Jyoti Chemicals 
Jyoti Dye Chem Agency 
Laffort
MAGANLAL SHIVRAM AND CO.
MIMOSA EXTRACT COMPANY(PTY) LTD (Mimosa)
NaturalSpecialities
A. Ajinomoto OmniChem N.V.
SILVATEAM
Sisco Research Laboratories Pvt. Ltd. 
TANAC
TaninSevnica
Tannin Corp.
UCL Company (Pty) Ltd.
ULRICH GmbH
Zhushan County Tianxin Medical & Chemical Co., Ltd. 

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