Global Tamarind Gum Market Report 2023-2029. (Internet Services - Other Internet Services)
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Global Tamarind Gum Market Report 2023-2029. | |
Tamarind Gum Market Summary According to the new market research report “Global Tamarind Gum Market Report 2023-2029”, published by QYResearch, the global Tamarind Gum market size is projected to reach USD 0.24 billion by 2029, at a CAGR of 6.3% during the forecast period. Market Drivers: Among different plant polysaccharides, tamarind gum (TG) extracted from tamarind seed kernel could be a promising drug delivery excipient in the development of various dosage forms like suspensions, emulsions, tablets, beads, spheroids, microparticles, nanoparticles, ophthalmic preparations, buccal patches, colon-targeted drug delivery, etc. Tamarind recently has found its way into cosmetic usage. Tamarind produces transparent solutions with a unique fluidity, providing rich & non-sticky textures. It has a powerful stability and cankeep its viscosity even under the influence of heat, pH & salts. An additional unique feature of Tamarind is that it increases its viscosity or forms a gel when used in combination with sugars or polyols. As Tamarind is non-ionic, it has a good compatibility with various surfactants. Restraint: Tamarind gum has some limitations in the field of drug development and requires chemical reactions to improve its solubility and stability. Due to the Russia-Ukrainian war, the instability of the region and the world has increased, and the trade barriers between countries will have an impact on the supply of raw materials. Opportunity: The use of polysaccharides in cosmetic formulations is growing, together with the increasing attention of manufacturing companies toward green raw materials and product sustainability. This factor will increase the demand for tamarind gum. Tamarind gum has been used extensively in place of guar gum in recent years owing to its cost-effectiveness during manufacturing processes, which is also anticipated to contribute to the market growth. The global key manufacturers of Tamarind Gum include Sumitomo Pharma Food & Chemical, Polygal AG, Qingdao Libangda Marine Technology, Premcem Gums, Dabur India Ltd, Mysore Starch Manufacturing Company, Chhaya Industries, Mahesh Agro Food Industries, Altrafine Gums, Shivam Exim, etc. In 2022, the global top five players had a share approximately 42.0% in terms of revenue. The global key manufacturers of Tamarind Gum include Sumitomo Pharma Food & Chemical, Polygal AG, Qingdao Libangda Marine Technology, Premcem Gums, Dabur India Ltd, Mysore Starch Manufacturing Company, Chhaya Industries, Mahesh Agro Food Industries, Altrafine Gums, Shivam Exim, etc. In 2022, the global top 10 players had a share approximately 53.0% in terms of revenue. In terms of product type, currently Hot Water Soluble is the largest segment, hold a share of 85.0%. In terms of product application, currently Food is the largest segment, hold a share of 57.4%.  | |
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2024-04-27 (0.392 sec)