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Tamarind Extract Market Forecast Research Reports Offers Key Insights
Tamarind Extract Market: Drivers and Restraints
The use of tamarind extract in the rapidly growing food industry is expected to be a major driver for the growth global tamarind extract market. Tamarind extracts are as an alternative for chemical preservatives such as lactic, acetic, benzoic acids etc. The increasing consumer awareness regarding food safety and health benefits of natural preservatives is anticipated to boost global tamarind extract market. The rise in demand and production of processed food and adoption of natural processing techniques by the food industry is expected to drive global tamarind extract market growth. Tamarind extract is an important ingredient in cosmetic and fragrance industry. The upsurge in consumer demand for organic food and ayurvedic medicines is expected to propel the growth of global tamarind extract market.
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Tamarind Extract Market: Segmentation
On the basis of application,the global tamarind extract market can be segmented as follows:-
Food
Sauces
Juice blends
Condiments
Preservatives
Seasonings
Cosmetics
Healthcare
Health drink
Syrups
Fragrance
Soaps
Candles
Air fresheners
Incense sticks
Bath oils
Aromatherapy products
Tamarind Extract Market: Region Wise Outlook
The global tamarind extract market can be divided into five regions, namely North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). APAC holds major share in global tamarind extract market. India is the major manufacturer and exporter of tamarind extract. The tamarind extracts are exported to MEA and Europe regions. Thailand holds the second position in manufacturing tamarind extracts. The increasing investment in the healthcare industry and adoption of ayurveda is expected to drive tamarind extract market growth in the region. North America and Europe accounts for a significant share in global tamarind extract market. This is attributed to the mature food processing industries in these regions. Europe holds the major share in the fragrance industry, which is expected to boost the growth of tamarind extract in this region. MEA is expected to register high CAGR during the forecast period. North Africa accounts for a significant share in the production of tamarind. Tamarind extract is used as a major ingredient in fruit juices in the desert regions of the Middle Eastern region due to its cooling effect. Latin America is anticipated to register moderate CAGR over the forecast period due to the extensive use of tamarind extract in the food industry.
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Tamarind Extract Market: Key Players
Some of the key players in the global tamarind extract market are as follows:
Magma Foods
Kanegrade Limited
Shimlahills
MoonLite
Xi'an Victory Biochemical Technology Co., Ltd.
Abc International
BAAECO V FOOD
JADLI FOODS (INDIA) PVT. LTD.
Abdullabhai Abdul Kader
REVATA FOOD PRODUCTS PVT.LTD.
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