Global Tamarind Extract Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Tamarind Extract Market 2021 (Includes Business Impact of COVID-19)
Global Tamarind Extract Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global tamarind extract market report has been segmented on the basis of form, application, distribution channels, and region.
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Global Tamarind Extract Market: Overview


Tamarind is a delicious sour and sweet fruit and it has its own distinct flavor. It is used for manufacturing of tamarind concentrate, that used in preparation of fruit juice, pickles and sauces, etc. Tamarind extract is used in food products to enhance flavors and as natural additives owing to its various properties such as antifungal, antimicrobial, antioxidant and antiseptic. In addition, it is used in cosmetic products which act as a skin hydrating agent and bleaching agent. Tamarind extract consumption helps in common cold, fever, digestive problems, conjunctivitis, etc.


Global Tamarind Extract Market: Dynamics


Rapidly growing food and beverage industry across the globe is a major factor expected to drive growth of tamarind extract market in the next coming years. Rising demand for tamarind extract products due to its anti-oxidant properties to enhance immune system and reduce risk of cancer is another factor expected to fuel growth of the global market during the forecast period. Additionally, tamarind extract has therapeutic properties such as high concentration of vitamin C and dietary fiber, which is used for purifying the blood. This is a factor projected to boost growth of the global market. Moreover, increasing demand for tamarind extract in cosmetic & personal care industry is among some other factors expected to increase demand of the tamarind extract globally.

However, stringent rules and regulations associated with tamarind extracts is a factor expected to restrain growth of the global market.


Global Tamarind Extract Market: Segment Analysis


Among the form segments, the paste segment is expected to register significant revenue growth in the next coming years, due to its various applications including food, beverage, household products.

Among the application segments, the food is expected to account for significant revenue share, due to increasing demand for tamarind extract based food products among individuals across the globe.

Among the distribution channels segments, the indirect segment is expected to account for major revenue share during the forecast period.


Global Tamarind Extract Market: Region Analysis


The Asia Pacific market is expected to register major revenue share and projected to dominate the target market, due to presence of major manufacturer and exporter of tamarind extract in countries such as India. The huge availability of wild tamarinds in Thailand and Indonesia is another factor expected to support growth of the target market in Asia Pacific region. In addition, increasing adoption of Ayurveda and investment in the healthcare industry is expected to drive growth of the target market in the region. The North America market is expected to account for significant revenue growth in the global market, followed by Europe market. This can be attributed to developed food processing industries in these regions. In addition, the tamarind extract is widely used in hair care and skin care products due to high demand for organic cosmetic products in the regions.

Global Tamarind Extract Market Segmentation:

Segmentation by Form:

  
Paste
  
Powder

Segmentation by Application:

  
Food
  
Beverage
  
Pharmaceuticals
  
Cosmetics & Personal Care Products
  
Households

Segmentation by Distribution Channels:

  
Direct
  
Indirect


Key Market Players included in the report:


  
Abc International
  
Abdullabhai Abdul Kader
  
Adli Foods (India) Pvt. Ltd
  
Baaeco V Food Ltd.
  
Jadli Foods (India) Pvt. Ltd.
  
Kanegrade Limited
  
Magma Foods
  
MoonLite
  
Revata Food Products Pvt Ltd
  
Shimla Hills
Xian Victory Biochemical Technology Co. Ltd.