Perspectives from the Industry
In 2015, the global tannin market was expected to be worth 1,076.3 Kilotons. Increased demand from the leather and winemaking industries is likely to be a major driver of market expansion.
Tannin, an astringent biomolecule found in plants and fruits, is isolated. It can be found in plants' barks, seeds, stem tissues, roots, and leaves, among other places. Plants contain a lot of tannin in them, which protects them from predators and aids in growth regulation. Cranberries, blueberries, strawberries, hazelnuts, pecans, walnuts, grapes, and oranges are all high in tannin.
In 2015, the global tannin market in the United States was 282.4 kilotons by product, and it is predicted to expand significantly over the forecast period. Because of rising disposable income and the presence of large businesses in the region, demand from the leather manufacturing and pharmaceutical industries is expanding. These elements are projected to boost the region's industry.
Read more @ https://cmilatestinsights.blogspot.com/2021/12/tannin-market-by-source-product-and.html
