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Europe Tamarind Gum Market Outlook 2028

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  • 52 Pages
  • June 2021
  • Region: Europe
  • Research Nester Pvt. Ltd
  • ID: 5401637

Tamarind gum is a fiber obtained from the endosperm of the seeds of the Tamarindus Indica Linn tree. Some of the most common usage of tamarind gum are in pharmaceutical, cosmetics, textile, food and paper industries. The Europe tamarind gum market is estimated to record a CAGR of 7.7% throughout the forecast period, i.e., 2020-2028. Factors such as the growing demand for functional and nutritional foods, rise in requirement for organic products to manufacture medicines coupled with large geriatric population, and the increasing usage of tamarind gum in various end user sectors are projected to drive growth of the market in the near future. Tamarind gum contains various nutrients, including protein carbohydrates, oils and fibers. In addition, the thickening, stabilizing, emulsifying, stabilizing and gelling properties of tamarind gum makes it highly suitable for various industrial applications. Along with these, the cost effectiveness of tamarind gum as compared with guar gum is also anticipated to boost its demand in the coming years. The market is further estimated to acquire a revenue of more than USD 15 million by the end of 2029, up from about USD 11 million in 2019.

The pharmaceutical industry in Europe is a major consumer of tamarind gum as the product is widely being used for drug development and treatment of diseases. A crucial factor facilitating the demand of the gum in the region is the growing number of incidences of several health implications such as cancer, high blood pressure, cardiovascular diseases and arthritis, which is giving rise to the intensifying utilization of tamarind seed gum to develop organic medications.

In addition, the personal care & cosmetics industry also holds a significant share in the market owing to the high demand for natural and plant-based products for the manufacture of lotions, creams, balms and other skin care products. The recent approval regarding utilization of tamarind seed powder in the cosmetic industry is also expected to offer lucrative opportunities for the market growth. Furthermore, the usage of tamarind gum powder as a pet additive and food preservative is also expected to widen the scope of market expansion in the near future.

Geographically, the market in the United Kingdom is significant and is assessed to witness high growth during the forecast period ascribing to the escalating demand for naturally sourced materials in a diverse range of industrial applications. Additionally, the U.K. along with France, Germany, Netherlands and Italy are the major importers of premium quality tamarind products in the region.

Some of the key players in the Europe tamarind gum market that are mentioned in our report are The Mysore Starch Manufacturing Company, Adachi Natural Polymer Limited, Premcem Gums Private Limited, Qingdao Libangda Marine Technology Co., Ltd, DSP Gokyo Food & Chemical Co., Ltd., Mahesh Agro Food Industries, Hindustan Gum & Chemicals Ltd, Chhaya Industries, JD Gums & Chemicals, and others.

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Assumptions
2. Research Methodology
2.1. Variables (Dependent and Independent)
2.2. Multi Factor Based Sensitivity Model
3. Executive Summary - Europe Tamarind Market4. COVID-19 Impact Analysis
5. Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunities
5.4. Trends
6. Europe Tamarind Gum Market Outlook7. EX-IM Analysis8. Average Pricing Analysis9. List of Tamarind Gum Suppliers and their Production
10. Competitive Landscape
10.1. The Mysore Starch Manufacturing Company
10.2. Adachi Natural Polymer Limited
10.3. Premcem Gums Private Limited
10.4. Qingdao Libangda Marine Technology Co., Ltd.
10.5. DSP Gokyo Food & Chemical Co., Ltd.
10.6. Mahesh Agro Food Industries
10.7. Hindustan Gum & Chemicals Ltd.
10.8. Chhaya Industries
10.9. JD Gums & Chemicals

Companies Mentioned

  • The Mysore Starch Manufacturing Company
  • Adachi Natural Polymer Limited
  • Premcem Gums Private Limited
  • Qingdao Libangda Marine Technology Co. Ltd
  • DSP Gokyo Food & Chemical Co. Ltd.
  • Mahesh Agro Food Industries
  • Hindustan Gum & Chemicals Ltd
  • Chhaya Industries
  • JD Gums & Chemicals