Analyzing the Tannin Market: Demand Trends and Key Company Strategies
Market Overview: Global Tannin Market size and share is currently valued at USD 2,672.88 million in 2024 and is anticipated to generate an estimated revenue of USD 5,086.48 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 The global tannin market has been witnessing steady growth, driven by its broad application across various industries such as food and beverages, pharmaceuticals, leather tanning, and more. Tannins, which are a class of polyphenolic compounds, are found in a variety of plants and trees, including oak, chestnut, and some fruits. They have astringent properties and are primarily used in industrial processes, with the food and beverage industry being one of the largest consumers of tannins. From a historical perspective, tannins have played a crucial role in the production of leather goo...