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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Historical Outlook vs. Future Projections of Tamarind Extract Market
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.
Country-wise Insights
How North America Tamarind Extract market is shaping?
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.
How Europe Tamarind Extract market is shaping?
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%.
How Asia Pacific is growing in Tamarind Extract market?
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.
How the RoW is responding to Tamarind Extract market?
From the Oceania region, Australia is contributing 2.5% of the total revenue of the Tamarind Extract market.
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Category Wise Insights
What is Tamarind Extract?
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.
How Tamarind Extract is extracted from tamarind fruit?
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.
What are the uses and benefits of 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.
Industrial Distributers Are Propelling the Growth in Tamarind Extract Market
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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Competitive Landscape
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.
Tamarind Extract Market Report Scope
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
Segmentation of Tamarind Extract Market
Segmentation by Form:
Powder
Paste
Segmentation by End-user:
Cosmetic
Household
Pharmaceutical
Food & Beverages
Segmentation by Sales Channel:
Online Retailers
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Segmentation by Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)
RoW
Frequently Asked Questions
What is the market size of Tamarind Extract?
The global Tamarind Extract market will reach a valuation of USD 926.9 Million by the end of 2022.
What is the US, Tamarind Extract Market Outlook?
The US Tamarind Extract Market is contributing 31.9% of the total market share which is valued at around USD 295.6 Million.
Which are the major countries driving demand for Tamarind Extract Market?
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.
What is the Germany, Tamarind Extract Market Outlook?
The Germany Tamarind Extract Market is contributing 29.4% of the total market share which values at USD 272.5 Million.
Who are the top 5 players operating in the market?
• Magma Foods
• MoonLite
• Kanegrade Limited
• Shimla Hills
• Jadli Foods (India) Pvt. Ltd
Above are the top 5 market players in Tamarind Extract industry.
What is the contribution of Japan in Tamarind Extract market?
The Japan Tamarind Extract market contribution is 9.9% of total market share.
At What Rate Will Tamarind Extract market grow in India?
The India Tamarind Extract market will grow at 3.6% CAGR between 2022 and 2032.
What is the demand outlook forecast for the Tamarind Extract market?
The global Tamarind Extract market is forecasted to surpass USD 1628.9 Million by the end of 2032.
