Tamarind extract market is an essential food additive with a distinctive flavor. It is used in a variety of food products to improve taste and flavor.
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 antifungal, antibacterial, antioxidant, and antiseptic properties. Tamarind is used to make skin-hydrating and skin-whitening products, which are essentials in every household.
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The growing demand for healthy food products among consumers is the key factor fueling tamarind extract worldwide. Health-related issues such as common cold, conjunctivitis, indigestion, and others are diseases that tamarind fights.
Tamarind extract is also helpful in blood purification. The antioxidant property of tamarind is a significant growth driver for the global market as research has shown it’s essential in combating cancer and the strengthening of the immune system.
Furthermore, the growing demand for natural ingredients is estimated to create a surge in demand for the tamarind extract industry during the forecast period due to the ever-increasing awareness regarding the negative impact of artificial or synthetic product
Tamarind Extract Market Growth Driven by Growing Population Size of Health Conscious Consumers
Over the years, there has been an enormous demand for tamarind extract due to the burgeoning demand for natural food products or ingredients with impressive health benefits. Tamarind is used in several industries such as the food and beverage, cosmetic and personal care product, and pharmaceuticals.
The pharmaceutical industry applies tamarind extract in its production due to the health benefits it offers to consumers. Tamarind is a rich source of fiber, vitamin C, and some other nutrients. It’s used in boosting the immune system and the prevention of cancer.
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With the rising awareness among consumers regarding the food safety property offered possessed by tamarind, the market is expected to grow exponentially during the forecast period as demand is expected to increase.
Chemical preservatives like lactic acid, benzoic acid, and ethanoic acid are substituted by tamarind due to consumers’ preference for natural preservatives ahead of synthetic ones.
Increasing the application of tamarind extract in the various end-user sector is expected to drive the industry forward over the forecast period.
The cosmetic industry uses tamarind to produce skin and hair treatment products because of its antifungal and antimicrobial properties.
Alcoholic beverages like vodka, wine, and whiskey contain tamarind extract because of flavor it imparts in food and beverages.
Tamarind Extract Market Restraint
Tamarind extract industry is expected to witness a decline as governments’ stringent regulation is a strong force anticipated to hamper the industry’s growth during the forecast period.
Tamarind Extract Market: Region-wise Analysis
The global tamarind extract industry in the Asia Pacific is expected to grow faster due to the rising per capita consumption of natural products in the region.
Thailand and Indonesia top the chart as countries with the highest per capita consumption of tamarind. These countries are significant exporters of tamarind since their land is fertile for cultivation.
Latin America is expected to grow significantly during the forecast period due to the growing demand for tamarind from the cosmetic and personal care products industry.
Europe and other regions are expected to register moderate growth over the forecast period.
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Tamarid Extract Market: Competitive Landscape
The global tamarind extract industry is competitive with few major players operating in it. Leading players in the industry are merging with local players to expand their products to regions where they are absent. Key players such as
- Magma Foods
- Kanegrade Limited
- Shimla Hills
- MoonLite
- Xi’an Victory Biochemical Technology Co., Ltd.
- Abc International
- Baaeco V Food Ltd.
- Jadli Foods (India) Pvt. Ltd.
- Abdullabhai Abdul Kader
- Revata Food Products Pvt Ltd
Tamarind Extract Market Segment Analysis
The global tamarind extract industry can be segmented on the following basis:
By Form
- Powder
- Paste
By End Use
- Cosmetic
- Food and Beverage
- Pharmaceutical
- Household
By Distribution Channel
- Supermarket/Hypermarket
- Specialty Stores
- Commerce
- Grocery Stores
- Direct
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